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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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Rooster Teeth Shut Down By Warner Bros. Discovery, The Roost Podcast Network To Continue

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deadline.com

A pioneer in digital content creation is going away. Rooster Teeth, a subsidiary of Warner Bros. Discovery Global Streaming & Interactive Entertainment, announced this morning that it is ceasing operations after 21 years.

The process starts today and is expected to take several months. The news was announced at an all-hands company meeting and shared in an internal memo by Rooster Teeth general manager Jordan Levin. “It’s with a heavy heart I announce that Rooster Teeth is shutting down due to challenges facing digital media resulting from fundamental shifts in consumer behavior and monetization across platforms, advertising, and patronage,” Levin said in the email (You can read it in full below).

The Roost Podcast Network will remain in operation “while WBD evaluates outside interest in acquiring this growing asset,” Levin said.

There is Rooster Teeth-branded content in the WBD pipeline, which also will stay put, including a movie that will be released soon by Warner Bros.

Read more on deadline.com
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