Company Overview of Warner Bros. Entertainment, Inc.
Warner Bros. Entertainment, Inc., an entertainment company, engages in the creation, production, marketing, distribution, and licensing of various forms of entertainment and their related businesses across various media and platforms in the United States and internationally. The company specializes in various aspects of entertainment industry, including feature films, television, home entertainment/DVD, animation, product and brand licensing, interactive entertainment, comic books, digital distribution, video games, international cinemas, and broadcasting. It also develops and produces musicals and other stage productions for the studio; and operates an online store. The company was founded ...
4000 Warner Boulevard
Burbank, CA 91522
Founded in 1923
Key Executives for Warner Bros. Entertainment, Inc.
President and Chief Operating Officer
Chief Financial Officer and Executive Vice President
President of DC Entertainment
President of Warner Bros. Television Group
Compensation as of Fiscal Year 2013.
Warner Bros. Entertainment, Inc. Key Developments
Warner Bros. Reportedly Eyes Investment In Machinima
Feb 26 14
Warner Bros. Entertainment, Inc. is said to be considering putting $10 million to $15 million into Machinima, Inc., according to people familiar with the situation. Warner Bros. has until the end of this week to decide whether to invest in Machinima, which appeals largely to young males, according to people familiar with the situation. It may retain an option to buy Machinima outright. According to Wall Street Journal, rRepresentatives of the two companies declined to comment.
L.A. Federal Judge to Dismiss Lawsuit Against Warner Bros. Over Clint Eastwood Film Concept
Feb 25 14
A Los Angeles federal judge announced on February 24, 2014 that she will likely dismiss a lawsuit filed against Warner Bros. and Clint Eastwood's production company by an actor-producer who alleges they plagiarized his idea for the baseball drama 'Trouble With the Curve'. Ryan A. Brooks of Los Angeles contends in his 2012 federal copyright infringement complaint that he wrote a screenplay in 2008 containing various plot points that turned up in Eastwood's 2012 film about an aging baseball scout whose daughter joins him on a scouting trip. U.S. District Judge Dale S. Fischer indicated she will grant a motion for summary judgment brought by Warner Bros. and other defendants. Along with Warner Bros. and Eastwood's Malpaso Productions, Brooks alleges the film's director, Robert Lorenz, and talent agencies United Talent Agency and the Gersh Agency were part of a scheme to deprive him and his Gold Glove Productions credit for the screenplay. The case 'is about a conspiracy to steal the body, structure, theme and soul of a unique, original, copyrighted screenplay from a production company and its owner', his lawsuit alleges. Brooks is seeking '$10 million' in damages, according to his court papers.
WARNER BROS. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Feb 5 14
WARNER BROS. announced earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, revenues increased 7% ($273 million) to $4.0 billion, mainly due to stronger theatrical and videogames slates. The growth was partially offset by a decline in home video revenues and lower television licensing revenues from theatrical product. Adjusted operating income increased 4% ($21 million) to $576 million mainly due to the increase in revenues and lower theatrical valuation adjustments, partially offset by increased television costs due to product mix. Operating income increased 4% ($21 million) to $573 million.
For the full year, revenues increased 2% ($294 million) to $12.3 billion, mainly due to stronger theatrical and videogames slates, as well as growth in electronic sell-through. The increase was partially offset by declines in television licensing revenues due to fewer theatrical availabilities and the comparison to last year's initial off-network availability of The Mentalist, as well as lower physical home video revenues. Adjusted operating income rose 7% ($90 million) to $1.3 billion, mainly due to higher revenues, partially offset by higher print and advertising expenses due to an increased number of theatrical releases, as well as increased restructuring and severance expenses. Operating income increased 8% ($96 million) to $1.3 billion.
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