Company Overview of Warner Bros. Entertainment Inc.
Warner Bros. Entertainment Inc., an entertainment company, engages in the creation, production, distribution, licensing, and marketing of various forms of entertainment and their related businesses. The company specializes in various entertainment activities, including feature films, television and home entertainment production and distribution, DVD and Blu-ray, animation, digital distribution, comic books, video games, product and brand licensing, interactive entertainment, international cinemas, and broadcasting. It produces television animation for broadcast, cable, pay, and digital marketplaces; works across various platforms and outlets through transactional and ad-supported video-on-de...
4000 Warner Boulevard
Burbank, CA 91522
Founded in 1923
Key Executives for Warner Bros. Entertainment Inc.
Chairman and Chief Executive Officer
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 and Chief Content Officer of Warner Bros Television Group
Compensation as of Fiscal Year 2015.
Warner Bros. Entertainment Inc. Key Developments
Warner Bros Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2015
Feb 10 16
Warner Bros reported unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported revenue of $3,305 million against $3,815 million a year ago. Adjusted operating income was $373 million against $391 million a year ago. Operating income was $366 million against $319 million a year ago. Revenues decreased 13%, mainly due to lower theatrical revenues, as the prior year quarter included the releases of The Hobbit: The Battle of the Five Armies, Interstellar and Annabelle, as well as the impact of foreign exchange rates. Adjusted Operating Income decreased 5% ($18 million) to $373 million, due to the decline in revenues partially offset by lower restructuring and severance charges and theatrical valuation adjustments.
For the year, the company reported revenue of $12,992 million against $12,526 million a year ago. Adjusted operating income was $1,435 million against $1,248 million a year ago. Operating income was $1,416 million against $1,159 million a year ago. Revenues increased 4%, reflecting higher videogames and television revenues, partially offset by lower theatrical and home entertainment revenues as well as the impact of foreign exchange rates. Adjusted Operating Income increased 15%, reflecting higher revenues as well as lower restructuring and severance charges and related cost-savings.
For the quarter, the company recorded asset impairments of $6 million against $36 million a year ago.
Warner Bros. Signs Joint-Venture Deal with China Media Capital
Sep 21 15
Warner Bros. has signed a joint-venture deal with China Media Capital to co-produce a slate of Chinese-language films films. The announcement of the joint venture, to be called Flagship Entertainment Group Ltd., comes just before Chinese President Xi Jinping's first state visit to the U.S. Flagship will be 49% owned by Warner Bros., while CMC will hold 51%. The company will have offices in L.A., Beijing and Hong Kong, and plans to 'develop, invest in, acquire and produce a wide range of films for distribution throughout China and around the world'.
Warner Bros. Entertainment Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 5 15
Warner Bros. Entertainment Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $3,298 million against $2,870 million a year ago. Operating income was $341 million against $234 million a year ago. Adjusted operating income was $344 million against $236 million a year ago.
For the six months, the company reported revenues of $6,497 million against $5,936 million a year ago. Operating income was $665 million against $603 million a year ago. Adjusted operating income was $674 million against $616 million a year ago.
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