125-538: Otter Media Holdings, LLC was an American digital media company owned by Warner Bros. Discovery . The company was founded in 2014 by AT&T and The Chernin Group as a holding company of the anime streaming service Crunchyroll , in which the latter invested in 2013. In addition to Crunchyroll, it owned Rooster Teeth and held an ownership stake in Gunpowder & Sky with Floris Bauer. AT&T would later acquire
250-768: A lithograph company. After establishing Warner Bros. Music, Harry appointed his son, Lewis, to manage the company. By 1931, the studio began to feel the effects of the Great Depression, reportedly losing $ 8 million, and an additional $ 14 million the following year. In 1931, Warner Bros. Music head Lewis Warner died from an infected wisdom tooth . Around that time, Zanuck hired screenwriter Wilson Mizner , who had little respect for authority and found it difficult to work with Jack, but became an asset. As time passed, Warner became more tolerant of Mizner and helped invest in Mizner's Brown Derby restaurant. Mizner died of
375-421: A "gangster studio". The studio's first gangster film, Little Caesar , was a great box office success and Edward G. Robinson starred in many of the subsequent Warner gangster films. The studio's next effort, The Public Enemy , made James Cagney arguably the studio's new top star, and Warner Bros. made more gangster films. "Movie for movie, Warners was the most reliable source of entertainment through
500-473: A 75% controlling interest in The CW; WBD and Paramount would each retain a 12.5% ownership interest in the network. Nexstar stated that Mark Pedowitz would remain chairman and CEO of the network. WBD and Paramount would still produce content for The CW as the network's main content suppliers, but Nexstar stated that the arrangement would be for the 2022–23 broadcast season , and it was given "the option to extend
625-485: A Bosko clone. By the end of World War II, a new Schlesinger production team, including directors Friz Freleng (started in 1934), Tex Avery (started in 1935), Frank Tashlin (started in 1936), Bob Clampett (started in 1937), Chuck Jones (started in 1938), and Robert McKimson (started in 1946), was formed. Schlesinger's staff developed a fast-paced, irreverent style that made their cartoons globally popular. In 1935, Avery directed Porky Pig cartoons that established
750-567: A broader array of content. It was reported that the company had also suspended scripted development at TBS and TNT , to evaluate their strategies moving forward. The following day, Zaslav purchased approximately $ 1 million worth of WBD stock. On May 11, 2022, Warner Bros. Discovery eliminated several executive positions carried over from WarnerMedia, including Kids, Young Adults and Classics head Tom Ascheim , and general manager of TBS, TNT, and TruTV head Brett Weitz. These networks would be overseen by Finch as head of U.S. Networks, while
875-422: A cash settlement. Nevertheless, Cagney left the studio to establish an independent film company with his brother Bill. The Cagneys released their films though Grand National Films ; however, they were not able to get good financing and ran out of money after their third film. Cagney then agreed to return to Warner Bros., after Jack agreed to a contract guaranteeing Cagney would be treated to his own terms. After
1000-559: A character created for the Looney Tunes series, is the company's official mascot. The company's name originated from the founding Warner brothers (born Wonsal, Woron, and Wonskolaser before Anglicization): Harry , Albert , Sam , and Jack Warner. Harry, Albert and Sam emigrated as young children with their Polish-Jewish mother to the United States from Krasnosielc , Poland (then part of Congress Poland within
1125-473: A consultant. WBD delivered its second-quarter earnings report on August 4, 2022. Ahead of the report, the company performed multiple cuts to HBO Max throughout July and early-August, including cutting new programming development in much of Europe, live-action children's programming development, and direct-to-streaming films—leading to the notable August 3 cancellations of the nearly-completed films Batgirl and Scoob! Holiday Haunt as tax write-offs , and
1250-408: A contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network. The CW's then-president-and-CEO Mark Pedowitz confirmed talks of a potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen." On January 26, 2022, AT&T CEO John Stankey stated that
1375-440: A culture of internal competition between WarnerMedia's businesses. He also expected that "investment avoidance" via the consolidation of redundant business units (such as streaming) and staff would be one of the main ways that the company would achieve its promised $ 3 billion in cost savings. On April 21, 2022, Licht and Perrette announced the shutdown of CNN's streaming service CNN+ , which had only launched two weeks prior to
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#17327727364541500-661: A digital content company, which eventually merged with FilmBuff. In November 2016, Otter Media and actress Reese Witherspoon formed Hello Sunshine , a joint venture focused on telling female-driven stories on film, TV, and digital platforms; the company was later sold to a media company backed by the Blackstone Group. In January 2018, Otter Media bought the remaining stake in Ellation, the owner of VRV and Crunchyroll , and integrated it as Otter Media's Consumer Division. On June 20, 2018, Recode reported that AT&T
1625-540: A dog brought from France after World War I by an American soldier, established their reputation. Rin Tin Tin's third film was the feature Where the North Begins , which was so successful that Jack signed the dog to star in more films for $ 1,000 per week. Rin Tin Tin became the studio's top star. Jack nicknamed him "The Mortgage Lifter" and the success boosted Darryl F. Zanuck 's career. Zanuck eventually became
1750-707: A few films each year under the First National name until 1938. For thirty years, certain Warner productions were identified (mainly for tax purposes) as 'A Warner Bros.–First National Picture.' In the latter part of 1929, Jack Warner hired George Arliss to star in Disraeli , which was a success. Arliss won an Academy Award for Best Actor and went on to star in nine more movies for the studio. In 1930, Harry acquired more theaters in Atlantic City , despite
1875-460: A heart attack on April 3, 1933. By 1932, musicals were declining in popularity, and the studio was forced to cut musical numbers from many productions and advertise them as straight comedies. The public had begun to associate musicals with color, and thus studios began to abandon its use. Warner Bros. had a contract with Technicolor to produce two more pictures in that process. As a result, the first horror films in color were produced and released by
2000-575: A major loan. With this new money, the Warners bought the pioneer Vitagraph Company which had a nationwide distribution system. In 1925, Warners' also experimented in radio, establishing a successful radio station, KFWB , in Los Angeles. Warner Bros. was a pioneer of films with synchronized sound (then known as "talking pictures" or "talkies"). In 1925, at Sam's urging, Warner's agreed to add this feature to their productions. By February 1926,
2125-546: A mascot to Warner Bros., its various divisions, and Six Flags (which Time Warner once owned). The success of the compilation film The Bugs Bunny/Road Runner Movie in 1979, featuring the archived film of these characters, prompted Warner Bros. to organize Warner Bros. Animation as a new production division to restart production of original material. According to Warner's autobiography, prior to US entry in World War II , Philip Kauffman, Warner Bros. German sales head,
2250-413: A month-long strike. In retaliation, Warner—during his 1947 testimony before Congress about Mission to Moscow —accused multiple employees of ties to Communists. By the end of 1947, the studio reached a record net profit of $ 22 million (equivalent to $ 300 million in 2023). Warner acquired Pathé News from RKO in 1947. On January 5, 1948, Warner offered the first color newsreel , covering
2375-428: A net profit of $ 674,158.00. By 1936, contracts of musical and silent stars were not renewed, instead being replaced by tough-talking, working-class types who better fit these pictures. As a result, Dorothy Mackaill , Dolores del Río , Bebe Daniels , Frank Fay , Winnie Lightner , Bernice Claire , Alexander Gray, Alice White , and Jack Mulhall that had characterized the urban, modern, and sophisticated attitude of
2500-425: A new publicly traded company. AT&T and Discovery officially confirmed the agreement the next day; the merger would be structured as a Reverse Morris Trust , with AT&T shareholders holding a 71% interest in the new company's stock and appointing seven board members, and Discovery shareholders holding a 29% interest and appointing six board members. AT&T would receive US$ 43 billion in cash and debt from
2625-639: A new studio, which will be funded by and have an exclusive, five-year distribution deal with Warner Bros. Pictures. Warner Bros. Pictures was then divided into three business units with their own leadership: former MGM executives Michael De Luca and Pamela Abdy became the co-chairs of Warner Bros. Pictures and New Line Cinema , and temporarily oversaw the DC Films and Warner Animation Group units. Eight days later, WBD named former Discovery and Univision executive Luis Silberwasser as chairman of Sports. In July 2022, Alan Horn rejoined Warner Bros. as
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#17327727364542750-540: A partnership with local media company Stuff , which launched an evening newscast under the ThreeNews banner using its resources and former Newshub staff. In July 2024, CNN CEO Mark Thompson announced 100 employees would be laid off as part of a larger strategy to consolidate and integrate its television and digital operations. A week later, a smaller number of WBD employees at Max and in production, business affairs, and finance were also let go. On July 18, 2024, it
2875-486: A popular book by former ambassador James W. Gerard , was released. On April 4, 1923, with help from money loaned to Harry by his banker Motley Flint, they formally incorporated as Warner Bros. Pictures, Incorporated . (As late as the 1960s, Warner Bros. claimed 1905 as its founding date.) The first important deal was the acquisition of the rights to Avery Hopwood 's 1919 Broadway play, The Gold Diggers , from theatrical impresario David Belasco . However, Rin Tin Tin ,
3000-409: A quarterly loss in subscribers), describing Warner Bros. Discovery as being a "far more balanced and competitive company" that would "invest at scale smartly" and not "overspend" on growth and that its streaming businesses would complement its linear television. He stated that HBO Max had "meaningful subscriber churn ", and that the planned merger of it with Discovery+ would help to reduce it by offering
3125-431: A result of losses from the Great Depression, and Harry refused to restore it as the company recovered. Zanuck established his own company. Harry thereafter raised salaries for studio employees. In 1933, Warner was able to link up with newspaper tycoon William Randolph Hearst 's Cosmopolitan Films. Hearst had previously worked with MGM, but ended the association after a dispute with head producer Irving Thalberg over
3250-425: A result of their financial problems, Warner Bros. took the next step and released The Jazz Singer starring Al Jolson . This movie, which includes little sound dialogue, but did feature sound segments of Jolson singing, was a sensation. It signaled the beginning of the era of "talking pictures" and the twilight of the silent era. However, Sam died the night before the opening, preventing the brothers from attending
3375-458: A result, Harry Warner—while speaking at a convention of 1,500 independent exhibitors in Milwaukee, Wisconsin—was able to convince the filmmakers to spend $ 500,000 in newspaper advertising, and Harry saw this as an opportunity to establish theaters in places such as New York City and Los Angeles. As the studio prospered, it gained backing from Wall Street , and in 1924 Goldman Sachs arranged
3500-477: A result, the Ellation name was moved from being Otter Media's Consumer Division to Crunchyroll's subsidiary in Moldova, and VRV was made a brand of Crunchyroll. On December 9, 2020, Sony -owned Funimation Global Group, LLC announced its acquisition of Crunchyroll from Otter Media for $ 1.175 billion. The deal was finalized on August 9, 2021. Warner Bros. Discovery Warner Bros. Discovery, Inc. ( WBD )
3625-488: A single platform with a mixture of both companies' technologies. He also noted that WBD may prioritize launching Discovery+ and HBO Max as a unified platform in markets where Discovery+ has yet to launch, such as another parts of the Asia-Pacific. On March 14, 2022, Discovery CFO Gunnar Wiedenfels—who would assume the same position post-merger—confirmed that such a transition was a long-term goal. On December 22, 2021,
3750-518: A top producer and between 1928 and 1933 served as Jack's right-hand man and executive producer , with responsibilities including day-to-day film production. More success came after Ernst Lubitsch was hired as head director; Harry Rapf left the studio to join Metro-Goldwyn-Mayer . Lubitsch's film The Marriage Circle was the studio's most successful film of 1924, and was on The New York Times best list for that year. Despite
3875-515: A top star and signed him to a new contract, tripling his salary. In 1936, Harry's daughter Doris read a copy of Margaret Mitchell's Gone with the Wind and was interested in making a film adaptation. Doris offered Mitchell $ 50,000 for screen rights. Jack vetoed the deal, realizing it would be an expensive production. Major Paramount star George Raft also eventually proved to be a problem for Jack. Warner had signed him in 1939, finally bringing
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4000-686: A top star. Following High Sierra and after Raft had once again turned the part down, Bogart was given the leading role in John Huston 's successful 1941 remake of the studio's 1931 pre-Code film, The Maltese Falcon , based upon the Dashiell Hammett novel. Warner's cartoon unit had its roots in the independent Harman and Ising studio. From 1930 to 1933, Walt Disney Studios alumni Hugh Harman and Rudolf Ising produced musical cartoons for Leon Schlesinger , who sold them to Warner. Harman and Ising introduced their character Bosko in
4125-545: A top studio in Hollywood , but this changed after 1935 as other studios, notably MGM, quickly overshadowed the prestige and glamor that previously characterized Warner Bros. However, in the late 1930s, Bette Davis became the studio's top draw and was even dubbed as "The Fifth Warner Brother". In 1935, Cagney sued Jack Warner for breach of contract. Cagney claimed Warner had forced him to star in more films than his contract required. Cagney eventually dropped his lawsuit after
4250-598: A unit of Fullscreen. On March 4, 2019, following the reconstruction of WarnerMedia's businesses, Otter Media became part of Warner Bros. Entertainment . However, on May 31, it was transferred to the WarnerMedia Entertainment division in order to oversee HBO Max . In September 2019, Crunchyroll announced it had acquired a majority stake in Viz Media Europe from Hitotsubashi Group , and later rebranded Viz Media Europe as Crunchyroll SAS . As
4375-460: A very successful musical under the direction of Lloyd Bacon. Warner assigned Bacon to "more expensive productions including Footlight Parade , Wonder Bar , Broadway Gondolier " (which he also starred in), and Gold Diggers that saved the company from bankruptcy. In the wake of 42nd Street 's success, the studio produced profitable musicals. These starred Ruby Keeler and Dick Powell and were mostly directed by Busby Berkeley . In 1935,
4500-575: Is an American film and entertainment studio headquartered at the Warner Bros. Studios complex in Burbank, California , and a subsidiary of Warner Bros. Discovery (WBD). Founded in 1923 by four 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
4625-570: Is an American multinational mass media and entertainment conglomerate headquartered in New York City . It was formed from WarnerMedia 's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022. The company's properties are divided into nine business units, consisting of the flagship Warner Bros. film and television studios, comic book publisher DC Comics , Home Box Office, Inc. (including HBO , Cinemax and Magnolia Network ), U.S. Networks Group (including
4750-485: Is one of the "Big Five" major American film studios , as well as a member of the Motion Picture Association (MPA). The company is known for its film studio division, the Warner Bros. Motion Picture Group , which includes Warner Bros. Pictures , New Line Cinema , Warner Bros. Pictures Animation , Castle Rock Entertainment , DC Studios , and the Warner Bros. Television Group . Bugs Bunny ,
4875-663: The Cascade , in New Castle, Pennsylvania , in 1903. When the original building was in danger of being demolished, the modern Warner Bros. called the current building owners and arranged to save it. The owners noted people across the country had asked them to protect it for its historical significance. In 1904, the Warners founded the Pittsburgh -based Duquesne Amusement & Supply Company, to distribute films. In 1912, Harry Warner hired an auditor named Paul Ashley Chase . By
5000-531: The Poverty Row section of Hollywood, and acquire a much larger studio lot in Burbank . They expanded by acquiring the Stanley Corporation, a major theater chain. This gave them a share in rival First National Pictures , of which Stanley owned one-third. In a bidding war with William Fox , Warner Bros. bought more First National shares on September 13, 1928; Jack also appointed Zanuck as
5125-586: The Russian Empire ), in October 1889, a year after their father emigrated to the U.S. and settled in Baltimore , Maryland . As in many other immigrant families, the elder Wonsal children gradually acquired anglicized versions of their Yiddish -sounding names: Szmuel Wonsal became Samuel Warner (nicknamed "Sam"), Hirsz Wonsal became Harry Warner, and Aaron Wonsal (although born with a given name common in
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5250-818: The Tournament of Roses Parade and the Rose Bowl Game . In 1948, Bette Davis, still their top actress and now hostile to Jack, was a big problem for Harry after she and others left the studio after completing the film Beyond the Forest . Warner was a party to the United States v. Paramount Pictures, Inc. antitrust case of the 1940s. This action, brought by the Justice Department and the Federal Trade Commission , claimed
5375-492: The United States Department of Justice on February 9. On March 11, 2022, the merger was approved by Discovery's shareholders. Due to the structure of the merger, it did not require separate approval from AT&T shareholders. In an SEC filing on March 25, 2022, AT&T stated that two-way trading of WBD stock with that of AT&T would begin on April 4, 2022, and that a special dividend would be issued
5500-480: The box office and the studio's net loss increased. During this time, Harry and six other movie studio figures were indicted for conspiracy to violate the Sherman Antitrust Act , through an attempt to gain a monopoly over St Louis movie theaters. In 1935, Harry was put on trial; after a mistrial, Harry sold the company's movie theaters and the case was never reopened. 1935 also saw the studio make
5625-464: The 1920s gave way to James Cagney , Joan Blondell , Edward G. Robinson , Warren William and Barbara Stanwyck , who would be more acceptable to the common man. The studio was one of the most prolific producers of Pre-Code pictures and had a lot of trouble with the censors once they started clamping down on what they considered indecency (around 1934). As a result, Warner Bros. turned to historical pictures from around 1935 to avoid confrontations with
5750-449: The 2025–26 season, ending a nearly 36-year association between the NBA and TNT. WBD had attempted to invoke a condition in its contract allowing it to match offers made by competitors (with the company, in particular, targeting the package sold to Amazon), but the league argued that it did not sufficiently match Amazon's offer. WBD threatened to take legal action over the agreement, claiming that
5875-706: The Americas) became Albert Warner. Jack, the youngest brother, was born in London, Ontario , during the family's two-year residency in Canada. The three elder brothers began in the movie theater business, having acquired a movie projector with which they showed films in the mining towns of Pennsylvania and Ohio . In the beginning, Sam and Albert Warner invested $ 150 to present Life of an American Fireman and The Great Train Robbery . They opened their first theater,
6000-551: The B's". Foy was able to garnish arguably more profits than any other B-film producer at the time. During Foy's time at the studio, however, Warner fired him seven different times. During 1936, The Story of Louis Pasteur proved a box office success and star Paul Muni won the Oscar for Best Actor in March 1937. The studio's 1937 film The Life of Emile Zola gave the studio the first of its seven Best Picture Oscars . In 1937,
6125-520: The Breen office. In 1936, following the success of The Petrified Forest , Jack signed Humphrey Bogart to a studio contract. Warner, however, did not think Bogart was star material, and cast Bogart in infrequent roles as a villain opposite either James Cagney or Edward Robinson over the next five years. After Hal B. Wallis succeeded Zanuck in 1933, and the Hays Code began to be enforced in 1935,
6250-759: The Flame (1930), Song of the West (1930), The Life of the Party (1930), Sweet Kitty Bellairs (1930), Under a Texas Moon (1930), Bride of the Regiment (1930), Viennese Nights (1931), Woman Hungry (1931), Kiss Me Again (1931), 50 Million Frenchmen (1931) and Manhattan Parade (1932). In addition to these, scores of features were released with Technicolor sequences, as well as numerous Technicolor Specials short subjects . The majority of these color films were musicals. In 1929, Warner Bros. bought
6375-551: The NBA had "grossly misinterpreted our contractual rights". In August 2024, WBD reported that it had lost $ 10 billion in the second quarter of 2024, relating to continued losses from its direct-to-consumer segment and the devaluation of its linear TV assets. In November 2024, WBD agreed to a legal settlement with the NBA. The settlement included access to NBA highlights at no additional cost for Bleacher Report and House of Highlights and allowed for WBD, under its TNT Sports division, to continue operating NBA TV and NBA.com for
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#17327727364546500-549: The NBA. The agreement also included live game rights for select international territories, but none domestically. In a separate agreement with Disney , WBD agreed to sublicense its NBA studio show Inside the NBA to ESPN and ABC in exchange for ESPN sublicensing Big 12 college football and basketball games to TNT Sports. Warner Bros. Discovery consists of eight primary business divisions: Warner Bros. Warner Bros. Entertainment Inc. (commonly known as Warner Bros. , or abbreviated as WB , or WBEI )
6625-687: The St. Louis-based theater chain Skouras Brothers Enterprises . Following this takeover, Spyros Skouras , the driving force of the chain, became general manager of the Warner Brothers Theater Circuit in America. He worked successfully in that post for two years and turned its losses into profits. Harry produced an adaptation of a Cole Porter musical titled Fifty Million Frenchmen . Through First National,
6750-570: The Time Warner name in 2003. Time Warner spun off its cable division (later known as Spectrum owned by Charter Communications ) and AOL (now owned by Yahoo! Inc. ) in 2009 and Time Inc. was spun out in 2013, which was later acquired by Meredith Corporation and is now known as Dotdash Meredith . In 2018, Discovery Communications and AT&T acquired Scripps Networks Interactive and Time Warner, and were renamed to Discovery, Inc. and WarnerMedia respectively. In 2019, AT&T dissolved
6875-522: The Turner Broadcasting System as part of its reorganization of its media assets. On May 16, 2021, Bloomberg News reported that AT&T was considering an offer to divest equity interest in their media subsidiary WarnerMedia (the former Time Warner, which AT&T acquired in 2018 for just over $ 85 billion in an attempt to become a vertically integrated media conglomerate ), and have it merge with Discovery, Inc. to form
7000-414: The U.S. and Japan, to produce original content for Crunchyroll and VRV. On December 4, 2018, Otter announced a broad restructuring that would result in the layoff of about ten percent of its staff. As part of the reorganization, Machinima, which had been part of Warner Bros. Digital Networks, was re-organized under Otter Media. Ellation will now house Rooster Teeth, Crunchyroll, and VRV, while Machinima became
7125-417: The auspices of Investigation Discovery and abandoning its remaining original live news programming. In January 2023, WBD announced licensing agreements with the free ad-supported streaming television (FAST) services The Roku Channel and Fox Corporation 's Tubi , featuring library content from Discovery, TLC, HGTV, Food Network, Warner Bros. Pictures, Warner Bros. Television, and HBO (including some of
7250-526: The beginning of every showing of Don Juan across the country) in 1926. Many film production companies questioned the necessity. Don Juan did not recoup its production cost and Lubitsch left for MGM. By April 1927, the Big Five studios (First National, Paramount, MGM, Universal Pictures , and Producers Distributing) had ruined Warners, and Western Electric renewed Warner's Vitaphone contract with terms that allowed other film companies to test sound. As
7375-420: The beginning of the Great Depression. In July 1930, the studio's banker, Motley Flint, was murdered by a disgruntled investor in another company. Harry acquired a string of music publishers (including M. Witmark & Sons , Remick Music Corp. , and T.B. Harms, Inc. ) to form Warner Bros. Music. In April 1930, Warner Bros. acquired Brunswick Records . Harry obtained radio companies, foreign sound patents and
7500-401: The brothers acquired the studio in 1928. Thanks to the success of The Jazz Singer , the studio was cash-rich. Jolson's next film for the company, The Singing Fool was also a success. With the success of these first talkies ( The Jazz Singer , Lights of New York , The Singing Fool and The Terror ), Warner Bros. became a top studio and the brothers were now able to move out from
7625-483: The change of plans during an earnings call, saying that Discovery+ has "profitable subscribers that are very happy with the product offering". In early-June 2023, Chris Licht was fired from CNN. On June 20, 2023, WBD underwent a round of layoffs affecting around 100 employees in the U.S. Networks division, most notably including multiple Turner Classic Movies (TCM) executives such as Pola Changnon (who had been with Turner for over 25 years). WBD announced plans to place
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#17327727364547750-556: The channel under Cartoon Network head Michael Ouweleen . It was also reported that WBD was preparing a deal to sell half of the published music catalog of Warner Bros. Entertainment (which consists primarily of music composed for its films and TV series, and is currently being administered by Universal Music Publishing Group ) for around $ 500 million. Amid concerns over the future of TCM, Martin Scorsese , Steven Spielberg , and Paul Thomas Anderson met with Zaslav, and on June 23 it
7875-604: The character as the studio's first animated star. In addition to Porky, Daffy Duck (who debuted in 1937's Porky's Duck Hunt ), Elmer Fudd ( Elmer's Candid Camera , 1940), Bugs Bunny ( A Wild Hare , 1940), and Tweety ( A Tale of Two Kitties , 1942) would achieve star power. By 1942, the Schlesinger studio had surpassed Walt Disney Studios as the most successful producer of animated shorts. Warner Bros. bought Schlesinger's cartoon unit in 1944 and renamed it Warner Bros. Cartoons . However, senior management treated
8000-520: The company aimed to be the "most innovative, exciting and fun place to tell stories in the world", and would combine Warner Bros.' "fabled hundred-year legacy of creative, authentic storytelling and taking bold risks to bring the most amazing stories to life" with Discovery's "integrity, innovation and inspiration." In an SEC Filing on November 18, 2021, Discovery revealed that talks with AT&T had fallen through, in April 2021, due to disagreements over
8125-484: The company made a number of further acquisitions. In 1979, Warner Communications formed a joint venture with credit card company American Express called Warner-Amex Satellite Entertainment . American Express acquired a 50% stake in Warner Communications' cable television holdings for $ 175 million. This company owned such cable channels as MTV , Nickelodeon , The Movie Channel , and VH1 (which
8250-528: The company's remaining one-third share from Fox. The Justice Department agreed to allow the purchase if First National was maintained as a separate company. When the Great Depression hit, Warner asked for and got permission to merge the two studios. Soon afterward Warner Bros. moved to the First National lot in Burbank. Though the companies merged, the Justice Department required Warner to release
8375-410: The company's top executive roles are filled by their Discovery counterparts, including Gunnar Wiedenfels as Warner Bros. Discovery's chief financial officer (CFO), JB Perrette as president and CEO of global streaming and interactive, and Discovery's chief lifestyle brands officer Kathleen Finch —whose role has been expanded to cover most of the combined company's U.S. linear networks, besides CNN (which
8500-402: The completion of the merger; the new leadership considered it to be incompatible with their goal of a unified streaming service for all WBD properties. In an investors' call on April 26 (concurrent with the first quarter earnings reports for Discovery Inc., its last prior to the merger), Zaslav contrasted the company's streaming businesses with those of Netflix (whose stock saw a decline after
8625-444: The consolidation of Cartoon Network Studios ' and Warner Bros. Animation 's development and production teams (with the two studios remaining separate labels with their own distinct output). On October 3, 2022, Nexstar closed its deal to acquire a controlling interest in The CW. Mark Pedowitz resigned from his position as the network's chairman and CEO, with Dennis Miller stepping in as the president of The CW. In October 2022, it
8750-489: The divestment. The merger was expected to be completed in mid-2022. The new company would be led by Discovery's current CEO, David Zaslav ; WarnerMedia's CEO Jason Kilar 's position in the new company was uncertain. Zaslav stated that the two companies would spend a combined US$ 20 billion annually on content (outpacing even Netflix ). The company will aim to expand their streaming services, which includes WarnerMedia's Max , to reach 400 million global subscribers. It
8875-698: The feature Don Juan starring John Barrymore . The film was silent, but it featured a large number of Vitaphone shorts at the beginning. To hype Don Juan ' s release, Harry acquired the large Piccadilly Theater in Manhattan , New York City , and renamed it Warners' Theatre. Don Juan premiered at the Warners' Theatre in New York on August 6, 1926. Throughout the early history of film distribution, theater owners hired orchestras to attend film showings, where they provided soundtracks . Through Vitaphone, Warner Bros. produced eight shorts (which were played at
9000-667: The film—sued the studio for displaying "vicious, untrue and false attacks" against him in the film. After appearing in the Warner's film The Man Who Played God , Bette Davis became a top star. In 1933, relief for the studio came after Franklin D. Roosevelt became president and began the New Deal . This economic rebound allowed Warner Bros. to again become profitable. The same year, Zanuck quit. Harry Warner's relationship with Zanuck had become strained after Harry strongly opposed allowing Zanuck's film Baby Face to step outside Hays Code boundaries. The studio reduced his salary as
9125-476: The first Looney Tunes cartoon, Sinkin' in the Bathtub , and created a sister series, Merrie Melodies , in 1931. Harman and Ising broke away from Schlesinger in 1933 due to a contractual dispute, taking Bosko with them to MGM. As a result, Schlesinger started his own studio, Leon Schlesinger Productions , which continued with Merrie Melodies while starting production on Looney Tunes starring Buddy ,
9250-453: The five integrated studio-theater chain combinations restrained competition. The Supreme Court heard the case in 1948, and ruled for the government. As a result, Warner and four other major studios were forced to separate production from the exhibition. In 1949, the studio's net profit was only $ 10 million (equivalent to $ 128.06 million in 2023). Warner Bros. had two semi-independent production companies that released films through
9375-455: The governments of England and the United States. By the middle of 1943, however, audiences had tired of war films, but Warner continued to produce them, losing money. In honor of the studio's contributions to the cause, the Navy named a Liberty ship after the brothers' father, Benjamin Warner. Harry christened the ship. By the time the war ended, $ 20 million in war bonds were purchased through
9500-474: The majority of the advertisement-supported cable channels of its predecessors, namely Discovery, Scripps Networks , Turner Broadcasting , and Warner), CNN Worldwide (which includes CNN and CNN International ), TNT Sports (including Motor Trend Group , TNT Sports UK , and Eurosport ), Global Streaming & Interactive Entertainment (which includes the Discovery+ and Max streaming services, as well as
9625-429: The manager of First National Pictures. In 1928, Warner Bros. released Lights of New York , the first all-talking feature. Due to its success, the movie industry converted entirely to sound almost overnight. By the end of 1929, all the major studios were exclusively making sound films. In 1929, First National Pictures released their first film with Warner Bros., Noah's Ark . Despite its expensive budget, Noah's Ark
9750-461: The merger was expected to close sometime during the second quarter of 2022. On February 1, 2022, it was reported that AT&T had finalized the structure of the merger: WarnerMedia would be spun off pro rata to AT&T's shareholders, and then merge into Discovery Inc. to form the new company. The transaction was approved by the Brazilian antitrust regulator Cade on February 7, followed by
9875-712: The next day to give AT&T shareholders a 0.24 share in WBD for each share of AT&T common stock they hold. The merger was officially completed on April 8, 2022, with trading beginning on the Nasdaq on April 11. At this time the company unveiled its final logo, designed by Chermayeff & Geismar & Haviv , which features a rendition of Warner Bros.' long-time shield logo. The combined company retained several top executives from WarnerMedia, including film and television heads Toby Emmerich and Channing Dungey , and HBO and HBO Max chief content officer (CCO) Casey Bloys. Most of
10000-470: The number of HBO Max subscribers by at least 10 million by counting inactivated subscriptions bundled with AT&T services—thus misleading investors in violation of the Securities Act . It also alleged that Discovery executives failed to warn investors that WarnerMedia's prospectus contained misleading statements. On September 28 during a company town hall, Zaslav addressed speculation that WBD
10125-437: The ownership of the new company between AT&T and Discovery shareholders, and the amount of debt transferred to Discovery when they merged with WarnerMedia, before talks resumed on May 17, 2021. In November 2021, during an earnings call, Discovery Streaming CEO JB Perrette discussed possible options for its Discovery+ streaming service post-merger, including bundling the service with HBO Max and eventually merging them under
10250-456: The partnership." As the transaction did not need any regulatory approval (unlike the "Big Four" networks , The CW does not own any of its stations), Nexstar immediately took over the network's operations. In September 2022, WBD became the subject of a proposed class-action lawsuit by one of its shareholders, alleging that WarnerMedia was overinvesting in streaming content "without sufficient concern for return on investments", and had overstated
10375-826: The planned merger of Discovery+ and HBO Max would occur by summer 2023 in the United States, with other markets to follow. HBO subsequently faced a reorganization on August 15 to dismantle most of HBO Max's autonomous units, with HBO Max's head of comedy Suzanna Makkos now reporting to HBO's head of comedy Amy Gravitt, and layoffs within HBO Max's non-scripted, live-action family entertainment, international originals, and casting units, as well as HBO's acquisitions unit. HBO Max also continued to remove and cancel some of its lesser-viewed original programming, particularly family-oriented and animated series. On August 15, 2022, Nexstar confirmed to another report by WSJ in June that it would buy
10500-426: The premiere. Jack became sole head of production. Sam's death also had a great effect on Jack's emotional state, as Sam was arguably Jack's inspiration and favorite brother. In the years to come, Jack kept the studio under tight control. Firing employees was common. Among those whom Jack fired were Rin Tin Tin (in 1929) and Douglas Fairbanks Jr. (in 1933), the latter having served as First National's top star since
10625-426: The production of direct-to-streaming films for HBO Max—with Zaslav arguing that they lacked economic value and impact in comparison to theatrical releases. WBD renewed its contracts with Bloys and other key HBO executives, with Zaslav praising his performance as chief content officer. Zaslav stated that a "10-year plan" was in development for DC Films, modeled after those of Marvel Studios , while Perrette stated that
10750-448: The quiet removals of multiple HBO Max original films from the platform and its upcoming releases. In the second quarter of 2022, WBD took $ 9.8 billion in revenue and a net loss of $ 2.2 billion pro forma , primarily from integration and restructuring expenses. The company took $ 825 million in write-offs on "content impairments and development". The company confirmed cuts to children's programming development, and abandoned
10875-675: The remaining stake of Otter Media in 2018, which was folded under the WarnerMedia subsidiary, and later divested Crunchyroll to Sony Pictures Television 's subsidiary company Funimation Global Group, LLC in 2021. In April 2014, AT&T and the Chernin Group established Otter Media as the 50:50 joint venture to offer OTT services . In January 2016, Otter Media invested in Van Toffler (former CEO of Viacom Media Networks Music Group) and Floris Bauer's Gunpowder & Sky,
11000-555: The revival was affected by Berkeley's arrest for killing three people while driving drunk. By the end of the year, people again tired of Warner Bros. musicals, and the studio — after the huge profits made by 1935 film Captain Blood — shifted its focus to Errol Flynn swashbucklers . With the collapse of the market for musicals, Warner Bros., under Zanuck, turned to more socially realistic storylines. Because of its many films about gangsters, Warner Bros. soon became known as
11125-463: The series that were pulled from HBO Max earlier). On February 8, 2023, The Wall Street Journal reported that WBD had amended its plans to merge Discovery+ with HBO Max, with HBO Max's successor slated to include "most" Discovery content, and Discovery+ remaining operational to retain its subscriber base, and provide an alternative option for customers not interested in the higher-priced unified service. On February 24, WBD CEO David Zaslav confirmed
11250-576: The studio hired Midwestern radio announcer Ronald Reagan , who would eventually become the President of the United States . Although Reagan was initially a B-film actor, Warner Bros. was impressed by his performance in the final scene of Knute Rockne, All American , and agreed to pair him with Flynn in Santa Fe Trail (1940). Reagan then returned to B-films. After his performance in the studio's 1942 Kings Row , Warner decided to make Reagan
11375-411: The studio reported a net loss of $ 333,413. After a long period denying Sam's request for sound, Harry agreed to change, as long as the studio's use of synchronized sound was for background music purposes only. The Warners signed a contract with the sound engineer company Western Electric and established Vitaphone . In 1926, Vitaphone began making films with music and effects tracks, most notably, in
11500-467: The studio since 1935. The court ruled in de Havilland's favor and she left the studio in favor of RKO Radio Pictures, and, eventually, Paramount. Through de Havilland's victory, many of the studio's longtime actors were now freed from their contracts, and Harry decided to terminate the studio's suspension policy. The same year, Jack signed newly released MGM actress Joan Crawford , a former top star who found her career fading. Crawford's first role with
11625-587: The studio was 1944's Hollywood Canteen . Her first starring role at the studio, in the title role as Mildred Pierce (1945), revived her career and earned her an Oscar for Best Actress. In the post-war years, Warner Bros. prospered greatly and continued to create new stars, including Lauren Bacall and Doris Day . By 1946, company payroll reached $ 600,000 a week and net profit topped $ 19.4 million (equivalent to $ 303.1 million in 2023). Jack Warner continued to refuse to meet Screen Actors Guild salary demands. In September 1946, employees engaged in
11750-399: The studio was forced to abandon this realistic approach in order to produce more moralistic, idealized pictures. The studio's historical dramas, melodramas (or "women's pictures"), swashbucklers, and adaptations of best-sellers, with stars like Bette Davis , Olivia de Havilland , Paul Muni , and Errol Flynn , avoided the censors. In 1936, Bette Davis, by now arguably the studio's top star,
11875-408: The studio's profit increased substantially. After the success of the studio's 1929 First National film Noah's Ark , Harry agreed to make Michael Curtiz a major director at the Burbank studio. Mort Blumenstock, a First National screenwriter, became a top writer at the brothers' New York headquarters. In the third quarter, Warner Bros. gained complete control of First National, when Harry purchased
12000-513: The studio's top gangster stars after appearing in the successful film, which convinced audiences to question the American legal system. By January 1933, the film's protagonist Robert Elliot Burns—still imprisoned in New Jersey—and other chain gang prisoners nationwide appealed and were released. In January 1933, Georgia chain gang warden J. Harold Hardy—who was also made into a character in
12125-1049: The studio, the Red Cross collected 5,200 pints of blood plasma from studio employees and 763 of the studio's employees served in the armed forces, including Harry Warner's son-in-law Milton Sperling and Jack's son Jack Warner Jr. Following a dispute over ownership of Casablanca 's Oscar for Best Picture, Wallis resigned. After Casablanca made Bogart a top star, Bogart's relationship with Jack deteriorated. In 1943, Olivia de Havilland (whom Warner frequently loaned to other studios) sued Warner for breach of contract. De Havilland had refused to portray famed abolitionist Elizabeth Blackwell in an upcoming film for Columbia Pictures . Warner responded by sending 150 telegrams to different film production companies, warning them not to hire her for any role. Afterwards, de Havilland discovered employment contracts in California could only last seven years ; de Havilland had been under contract with
12250-498: The studio. Gunn will oversee creative development on DC projects, while Safran will oversee the business aspect. During an earnings report in November 2022, it was announced that the launch of WBD's streaming service had been moved up to spring 2023. Max was unveiled April 12, 2023. In December 2022, CNN announced cutbacks and a reorganization to prioritize its "core" operations, resulting in sister channel HLN being brought under
12375-682: The studio: Doctor X (1932) and Mystery of the Wax Museum (1933). In the latter part of 1931, Harry Warner rented the Teddington Studios in London, England. The studio focused on making " quota quickies " for the domestic British market and Irving Asher was appointed as the studio's head producer. In 1934, Harry officially purchased the Teddington Studios. In February 1933, Warner Bros. produced 42nd Street ,
12500-560: The studios under the Kids, Young Adults and Classics division ( Warner Bros. Animation , Cartoon Network Studios and Williams Street ) was moved under Warner Bros. Television . The same day, it announced an agreement with British telecom company BT Group for it to contribute its BT Sport channels into a 50/50 joint venture with its UK Eurosport channels, and eventually merge them. On June 1, 2022, Warner Bros. Pictures head Toby Emmerich announced that he would step down and establish
12625-410: The success of Yankee Doodle Dandy at the box office, Cagney again questioned if the studio would meet his salary demand and again quit to form his own film production and distribution company with Bill. Another employee with whom Warner had troubles was studio producer Bryan Foy . In 1936, Wallis hired Foy as a producer for the studio's low budget B movies leading to his nickname "the keeper of
12750-698: The success of Rin Tin Tin and Lubitsch, Warner's remained a lesser studio. Sam and Jack decided to offer Broadway actor John Barrymore the lead role in Beau Brummel . The film was so successful that Harry signed Barrymore to a long-term contract; like The Marriage Circle , Beau Brummel was named one of the ten best films of the year by the Times . By the end of 1924, Warner Bros. was arguably Hollywood's most successful independent studio, where it competed with "The Big Three" Studios ( First National , Paramount Pictures , and Metro-Goldwyn-Mayer (MGM)). As
12875-459: The third top 1930s gangster actor into the Warners fold, knowing that he could carry any gangster picture when either Robinson or Cagney were on suspension. Raft had difficulty working with Bogart and refused to co-star with him. Eventually, Warner agreed to release Raft from his contract in 1943. After Raft had turned the role down, the studio gave Bogart the role of "Mad Dog" Roy Earle in the 1941 film High Sierra , which helped establish him as
13000-476: The thirties and forties, even though it was clearly the most budget-conscious of them all." — Film historian Andrew Sarris in "You Ain't Heard Nothin' Yet.": The American Talking Film History & Memory, 1927–1949 . Another gangster film the studio produced was the critically acclaimed I Am a Fugitive from a Chain Gang , based on a true story and starring Paul Muni , joining Cagney and Robinson as one of
13125-592: The time of World War I , they had begun producing films; in the early 1920s they acquired their first studio facilities on Sunset Boulevard in Hollywood. Sam and Jack produced the pictures, while Harry and Albert, along with their auditor and now-controller Chase, handled finance and distribution in New York City. During World War I their first nationally syndicated film, My Four Years in Germany , based on
13250-472: The transaction was approved by the European Commission . On January 5, 2022, The Wall Street Journal reported that WarnerMedia and Paramount Global (at the time named ViacomCBS) were exploring a possible sale of either a majority stake or all of The CW , and that Nexstar Media Group was considered a leading bidder. The reports also indicated that WarnerMedia and ViacomCBS could include
13375-610: The treatment of Hearst's longstanding mistress, actress Marion Davies , who was struggling for box office success. Through his partnership with Hearst, Warner signed Davies to a studio contract. Hearst's company and Davies' films, however, did not increase the studio's profits. In 1934, the studio lost over $ 2.5 million, of which $ 500,000 was the result of a 1934 fire at the Burbank studio, destroying 20 years' worth of early Vitagraph, Warner Bros. and First National films. The following year, Hearst's film adaption of William Shakespeare 's A Midsummer Night's Dream (1935) failed at
13500-446: The unit with indifference, beginning with the installation as senior producer of Edward Selzer , whom the creative staff considered an interfering incompetent. Jack Warner had little regard for the company's short film product and reputedly was so ignorant about the studio's animation division that he was mistakenly convinced that the unit produced cartoons of Mickey Mouse , the flagship character of Walt Disney Productions . He sold off
13625-464: The unit's pre-August 1948 library for $ 3,000 each, which proved a shortsighted transaction in light of its eventual value. Warner Bros. Cartoons continued, with intermittent interruptions, until 1969 when it was dissolved as the parent company ceased its production of film shorts entirely. Characters such as Bugs Bunny, Daffy Duck, Tweety , Sylvester , and Porky Pig became central to the company's image in subsequent decades. Bugs in particular remains
13750-595: The video game publisher Warner Bros. Games ), and International Networks. It also holds a one-eighth stake in The CW (with Paramount Global also owning a one-eighth stake), and a majority stake in Television Food Network, G.P. (comprising Food Network and Cooking Channel ), which are co-owned by Nexstar Media Group . Warner Bros. , Turner Broadcasting System , Scripps Networks Interactive and Discovery, Inc. have conjoined histories. Warner Bros.
13875-520: The war, eliminating its B Pictures unit in 1941. Bryan Foy joined Twentieth Century Fox. During the war era, the studio made Casablanca ; Now, Voyager ; Yankee Doodle Dandy (all 1942); This Is the Army , and Mission to Moscow (both 1943). The last of these films became controversial a few years afterwards. At the premieres of Yankee Doodle Dandy (in Los Angeles, New York, and London), audiences purchased $ 15.6 million in war bonds for
14000-452: Was announced that filmmaker James Gunn and producer Peter Safran would serve as the co-CEO and co-chairmen of DC Films which rebranded as DC Studios moving forward. The duo has signed a four-year deal that will oversee the production of films, television, and animation under the DC label. The pair will report directly to Zaslav, while also working alongside but independently with other members of
14125-667: Was announced that the channel would be placed under Warner Bros. Pictures Group heads Michael De Luca and Pamela Abdy—who both affirmed the cultural significance of TCM and pledged to keep its programming "untouched and protected". In December 2023, Warner Bros. Discovery announced the purchase of Turkish streaming platform BluTV , with operations in the MENA region. On February 16, 2024, RedBird Capital Partners (via its United Arab Emirates -backed partnership RedBird IMI) announced its intent to acquire All3Media —a WBD joint venture with Liberty Global —for £1.15 billion. The acquisition
14250-469: Was close to buying out Chernin's stake in Otter Media, on the heel of its acquisition of Time Warner (whose digital media holdings included Machinima ). On August 7, 2018, AT&T announced their acquisition of Chernin Group's stake in Otter Media for an undisclosed amount, believed to be around $ 1 billion. On August 22, 2018, Ellation formed Ellation Studios, a production studio with facilities in both
14375-489: Was completed on May 16, 2024. WBD had previously announced an intent to sell its stake in the company to British broadcaster ITV plc , but the company declined. In April 2024, Warner Bros. Discovery New Zealand announced that it would shut down its news department Newshub (which produced bulletins for its free-to-air channel Three ) in July 2024, citing declining local advertising revenue. Newshub would be supplanted by
14500-729: Was founded on April 4, 1923, by four 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" American film studios , as well as a member of the Motion Picture Association (MPA). In 1965, Turner Broadcasting System was founded by Ted Turner and based in Atlanta , Georgia. A year later, Kinney National Company came into existence and its media division became Warner Communications before merging with Time Inc. in 1990 to become Time Warner. During its time as Warner Communications,
14625-408: Was founded, launching The Discovery Channel three years later and was renamed to Discovery Communications in 1994. Scripps Networks Interactive was founded in 2008 spun off from E. W. Scripps Company 's cable division. In 1996, Time Warner Entertainment acquired the Turner Broadcasting System; but the company later merged with America Online (AOL) to form AOL Time Warner in 2001 and reverted to
14750-431: Was launched in 1985 on the channel space left by Turner's Cable Music Channel ). Warner Communications bought out American Express's half in 1984 and sold the venture a year later to the original iteration of Viacom , which renamed it MTV Networks (now known as Paramount Media Networks). In 1982, Warner Communications purchased Popular Library from CBS Publications . Meanwhile in the same year, Cable Education Network
14875-596: Was murdered by the Nazis in Berlin in 1936. Harry produced the successful anti-German film The Life of Emile Zola (1937). After that, Harry supervised the production of more anti-German films, including Confessions of a Nazi Spy (1939), The Sea Hawk (1940), which made King Philip II an equivalent of Hitler , Sergeant York , and You're In The Army Now (1941). Harry then decided to focus on producing war films. Warners' cut its film production in half during
15000-498: Was profitable. In 1929, Warner Bros. released On with the Show! , the first all-color all-talking feature. This was followed by Gold Diggers of Broadway which would play in theaters until 1939. The success of these pictures caused a color revolution. Warner Bros. color films from 1929 to 1931 included The Show of Shows (1929), Sally (1929), Bright Lights (1930), Golden Dawn (1930), Hold Everything (1930), Song of
15125-439: Was pursuing a possible sale as early as 2024, stating that they were "absolutely not for sale", and "have everything we need to be successful." On October 11, Warner Bros. Television Group laid off 82 employees and eliminated 43 vacant positions as part of a restructuring that primarily impacts their unscripted and animation units. The restructuring saw the consolidation of Warner Horizon and Telepictures ' creative operations, and
15250-570: Was reported by the Financial Times that Zaslav and WBD executives had been discussing the possibility of breaking up the company, so that WBD's unprofitable linear television networks could be separated from the more profitable Warner Bros. studio business and Max. On July 24, 2024, the NBA officially announced new media rights agreements with Disney ( ESPN and ABC ), NBCUniversal ( NBC and Peacock ), and Amazon Prime Video beginning in
15375-444: Was stated that the company would aim to achieve $ 3 billion in cost savings via synergies within two years. On June 1, 2021, it was announced that the merged company would be known as Warner Bros. Discovery, and an interim wordmark was unveiled with the tagline "The stuff that dreams are made of"—a quote from the 1941 Warner Bros. film The Maltese Falcon , itself paraphrasing Shakespeare's The Tempest . Zaslav explained that
15500-616: Was taken over by Chris Licht , replacing the outgoing Jeff Zucker ), Magnolia Network (which reports to Bloys, after having previously reported directly to Zaslav under Discovery), and the Turner Sports unit (which would be overseen by the newly-formed Warner Bros. Discovery Sports division). In an introductory town hall featuring Oprah Winfrey as host, Zaslav stated that the combined company would need to have "one culture" that "starts with people feeling safe, people feeling valued for who they are", as opposed what he described as
15625-447: Was unhappy with her roles. She traveled to England and tried to break her contract. Davis lost the lawsuit and returned to America. Although many of the studio's employees had problems with Jack Warner, they considered Albert and Harry fair. In the 1930s many actors and actresses who had characterized the realistic pre-Code era, but who were not suited to the new trend into moral and idealized pictures, disappeared. Warner Bros. remained
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