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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. Understands "Importance" of "Big Theatrical Releases," AT&T CFO Says

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hollywoodreporter.com

WarnerMedia's Warner Bros. will "continue to work with theater owners" even though it took animated film Scoob! straight to premium on-demand instead of waiting for cinemas to reopen after the novel coronavirus pandemic, John Stephens, the CFO of WarnerMedia owner AT&T, said Tuesday.

Speaking at the virtual MoffettNathanson Media & Communications Summit in a session that was webcast, he was asked about Universal Pictures' premium VOD push that has drawn a sharp response from cinema groups and how Warner Bros.

is thinking about that strategy. "Our launch of Scoob! took a different paththan normal because of the virus, and we’ll learn from that," he said about the Friday release, but highlighted that "we understand the importance of ...

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