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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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Taking Stock of 2023: How Shares of Disney, Netflix, Warner Bros. Discovery and More Fared This Year

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variety.com

Jennifer Maas TV Business Writer Hollywood had a rough year in many areas — but the stock market largely was not one of them.

Wall Street is poised to finish out 2023 up double digits: As of Dec. 27, the S&P 500 index has climbed 25% year to date and is nearing an all-time high record close.

And in general, the majority of media companies saw their shares rise over the past 12 months, rebounding from a disastrous 2022.

Some experienced significant reversal in stock performance, led by Roku (up 134% between Jan. 3 and Dec. 26), as investors regained enthusiasm for its streaming outlook amid the company’s cost-cutting moves.

Read more on variety.com
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