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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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Motion Picture Association Posted $4.2 Million Loss In 2020 As It Reverted To Traditional Six-Member Roster

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deadline.com

EXCLUSIVE: The Motion Picture Association posted a $4.2 million deficit in 2020, as the trade association adjusted to its traditional six-member roster, according to the latest tax filing with the Internal Revenue Service.The loss is a contrast to 2019, when the trade association reported a $4.4 million surplus.

Netflix was in its first full year as a member, but Fox Corp., which shed its film studio assets to Disney in 2018, still had an obligation to continue paying dues into the next year after it gave notice, according to a spokesperson.Membership dues for 2020 were $51.4 million, compared to $62 million a year earlier, when there were essentially seven paying members.

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