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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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VidAngel Settles 4-Year Battle With Disney And Warner Bros, Agreeing To Pay $9.9M To Emerge From Bankruptcy
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deadline.comDade Hayes Finance EditorVidAngel, the Utah-based streaming outfit that shut down in 2016 after a judge ruled against its methods of altering and distributing content from Disney and Warner Bros, has found new life.The company said today it has emerged from bankruptcy after whittling down a $62.4 million judgment to a $9.9 million payout to the studios that will be stretched out over 14 years.
Utah Bankruptcy Court Judge Kevin R. Anderson approved the settlement.VidAngel grew by using DVDs to edit out profanity, nudity and violence from movies and TV series on Netflix, Amazon Prime and HBO and then streaming them to its customers.
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