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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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Warner Bros. Discovery shops ‘Batman: Caped Crusader’ to rivals: report

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nypost.com

shelved a slew of animated projects amid steep cost-cutting at the company. Media giants like Netflix, Apple and Hulu are looking to scoop up the Bruce Timm and JJ Abrams-directed flick, which draws inspiration from DC Comic’s Batman franchise, according to The Hollywood Reporter.

Entertainment site the Direct floated Disney as a possible bidder, too. Warner Bros. Discovery, Disney, Apple, Netflix and Hulu did not return requests for comment.Warner Bros.

Discovery recently yanked six animated projects that were earmarked for its streaming service HBO Max, including “Did I Do That to the Holidays: A Steve Urkel Story,” an animated “Family Matters” spinoff; two “Looney Tunes” features, and the high-profile “Caped Crusader.”Originally, the “Caped Crusader” was slated to air on Warner Bros.

Discovery’s HBO Max and Cartoon Network, but that was before Discovery and WarnerMedia merged this year and CEO David Zaslav promised to cut $3 billion by 2024.As part of its plan to reduce costs, the company will unload projects to rivals, a strategy that has been part of its playbook for some time.

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