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May 27, 2015 10:14 AM ET

Media

Company Overview of Warner Bros. Entertainment Inc.

Company Overview

Warner Bros. Entertainment Inc. creates, produces, markets, distributes, and licenses various forms of entertainment and their related businesses across various media and platforms in the United States and internationally. The company specializes in various entertainment activities, 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 in 1923 and is based in Burbank, California with a network of ...

4000 Warner Boulevard

Building 168

Burbank, CA 91522

United States

Founded in 1923

Phone:

818-954-6000

Fax:

212-954-7667

Key Executives for Warner Bros. Entertainment Inc.

Chairman and Chief Executive Officer
Age: 49
Chief Financial Officer and Executive Vice President
Executive Vice President of Operations and Planning
President of DC Entertainment, President of Warner Bros Interactive Entertainment (WBIE) and Chief Content Officer of Warner Bros Interactive Entertainment (WBIE)
President of Warner Bros Television Group, Chief Content Officer of Warner Bros Television Group, President of Warner Bros Television and President of Warner Horizon Television & Animation
Compensation as of Fiscal Year 2014.

Warner Bros. Entertainment Inc. Key Developments

Warner Bros. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Warner Bros. announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenues increased 4% ($133 million) to $3.2 billion, reflecting higher television licensing revenues primarily due to the subscription video-on-demand sale of Friends and higher revenues from videogames. Revenues also benefited from growth in theatrical revenues led by the strong performance of American Sniper. The increase was partially offset by the effect of foreign currency exchange rates. Adjusted operating income declined 13% ($50 million) to $330 million, as higher revenues were more than offset by higher film and advertising costs due to the mix of theatrical releases and videogame product. Operating Income decreased 12% ($45 million) to $324 million.

American Federation of Musicians Sue Warner Brothers., MGM and Paramount

The American Federation of Musicians sued Warner Brothers., MGM and Paramount for allegedly breaching their 2010 collective bargaining agreement regarding the recording of film scores. The lawsuit report by The Hollywood Reporter, the musicians guild claimed that the studios violated a music recording agreement when the film scores for movies such as "Interstellar," "Journey 2: The Mysterious Island," "Robocop" and "Carrie," all of which were produced in the U.S. or Canada, were recorded outside the countries.

Merlin Entertainments Announces Partnering with Warner Bros. Consumer Products and the Lego Group to Bring New 4D Animated Film

Merlin Entertainments announced it is partnering with Warner Bros. Consumer Products and The LEGO Group to bring a new 4D animated film based on the popular characters of The LEGO® Movie, from Warner Bros. Pictures, Village Roadshow Pictures and LEGO System A/S, to guests at LEGOLAND® Parks and LEGOLAND® Discovery Centers around the world later this year. The new 4D animated film will open exclusively at the six LEGOLAND Parks and 11 LEGOLAND Discovery Centers in North America, Asia and Europe.

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