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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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Spotify’s Latest Podcast Deals Have Helped Drive Market Value Up 39%

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Kim Kardashian West and Thursday’s (June 18) news of a multi-year, multi-project with Warner Bros., Spotify’s share price jumped 23% to an all-time high of $228.16 in midday trading before closing at $225.28.Since Spotify announced its exclusive licensing deal with Joe Rogan for his podcast, The Joe Rogan Experience, on May 19, Spotify’s share price has soared 38.5% and lifted its market capitalization $12.41 billion from $30.02 billion to $42.43 billion.

At that valuation, Spotify’s market value is more than twice as much as Warner Music Group, the lone major music group traded on a stock exchange, at $19.24 billion on Thursday, and considerably higher than Universal Music Group’s $33.3 billion valuation based on Tencent’s investment in.

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