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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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J.J. Abrams Series ‘Demimonde’ Not Going Forward At HBO Over Budget Issues

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deadline.com

HBO is officially not moving forward with J.J. Abrams’ ambitious HBO sci-fi drama series Demimonde. The decision comes after weeks of discussions with Abrams, his Bad Robot production company and Warner Bros.

Television which were focused on the show’s budget. As Deadline reported last month, the studios on the project, Warner Bros.

Television and HBO, had been trying to rein in costs, but Bad Robot kept firm on their proposed budget, said to be in the mid-$200 million range, and would not agree to a reduction.The final stages of the Demimonde conversations were held against the background of a larger reevaluation of the massive deal Abrams’ Bad Robot has at Warner Bros for film, TV, gaming and digital content as the new Warner Bros.

Discovery is scrutinizing every aspect of the assets they took over when the merger was completed in April.Bought by HBO four years ago with a straight-to-series order, Demimonde, which was  developed and sold under Bad Robot’s previous WBTV pact, was still in early pre-production when the plug was pulled.Written, executive produced and to be directed by Abrams, Demimonde, his first solo TV creation since Alias, was to star Danielle Deadwyler as Olive Reed who is torn away from her husband and daughter in a brutal scientific accident.

Read more on deadline.com
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