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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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WarnerMedia Expected to Shutter Hong Kong Theatrical Unit

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variety.com

Vivienne Chow Universal Pictures will take over the distribution and marketing of Warner Bros. theatrical releases in Hong Kong and Macau from January 1, 2021 onwards.

WarnerMedia is understood to be laying off around a dozen employees as part of the change.A WarnerMedia regional spokesman in Singapore was unable to confirm or deny the information, though multiple industry sources have told Variety of the plans.

They were also detailed in the Apple Daily newspaper. A Universal Pictures spokesman in Hong Kong also declined to comment.The WarnerMedia spokesman explained that “there is no longer really a company entity called WB any more…likewise HBO Asia and Turner.

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