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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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Stocks Reverse Losses For The Year; Roku, Movie Theaters Lead Friday Rally

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Jill Goldsmith Co-Business EditorThe Dow reversed its losses for the year and the Nasdaq and S&P 500 hit records at close as investors saw a possible tempering of COVID-19 spread and liked a policy speech by the Federal Reserve chief the day before.Shrugging off continued high unemployment and the ongoing pandemic, the DJIA ended the week up 161.6 points, or 0.57% — less than 1,000 points away from a record high in February.Among showbiz stocks, Roku led, hitting a new all-time high and closing up more than 7% after a survey by Deutsche Bank found the company in the lead in the connected TV market.

Deutche Bank analyst Jeffrey Rand said in a note that the survey showed 43% of connected TV respondents said they had a Roku device versus 35% a.

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