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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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Sony Exec Says Same-Day Streaming/Theatrical Releases Are “Devastating” To The Film Industry

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theplaylist.net

Recently, Sony explained how the movie studio is going to stay independent and doesn’t want to be sold to a bigger studio and/or a streaming service.

And in staying an independent studio without the backing of a major streaming platform like Disney+, Amazon Prime Video, Apple TV+, HBO MAX, and Netflix, means Sony is definitely hoping to keep the theatrical business alive and well for its film releases.

Read more on theplaylist.net
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