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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. Wins Fevered Weekend Auction For T.J. Newman Novel ‘Drowning: The Rescue Of Flight 1421;’ Deal Reaches $1.5M Against $3M

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deadline.com

EXCLUSIVE: In one of the wildest book rights auctions the town has seen in some time, Warner Bros. production co-heads Michael De Luca and Pam Abdy tonight landed screen rights to the upcoming T.J.

Newman novel Drowning: The Rescue Of Flight 1421. Studio paid $1.5 million against $3 million, and there were five seven-figure bids on the table, sources said.

It’s the second splashy thriller novel set in the world of aviation written by Newman, who worked as a flight attendant as she wrote her debut novel Falling, which sold in three 7-figure deals: a worldwide publishing deal with Avid Reader/Simon & Schuster; foreign rights in more than 30 countries; and a $1.5 million movie deal with Universal and Working Title.

The debut novel became the fastest-selling fiction debut for Simon & Schuster since 2004. In her second novel Drowning, a plane crashes in the Pacific Ocean six minutes after takeoff and is flooded after an explosion during evacuation.

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