Warner Bros. is an entertainment company from America, with headquarters in Burbank, California. The company is a subsidiary of AT&T and operates in television, film industry, and video games. It is one of the six biggest and most successful films studios in the world, and a member of MPAA, the Motion Picture Association of America. Read the rest of the article to learn more about its work and net worth.
History and Notable Works
Warner Bros. was established on April 4, 1923, by four brothers Harry, Albert, Sam and Jack Warner. It is a broad-based entertainment business known globally, and one of the leaders in the overall entertainment industry today. They are equally successful in television and film, and also operates with brand licensing, digital distribution, and broadcasting.
Between 1930 and 1933, Disney Alumni Rudolf and Hugh Harman produced musical cartoons, which they sold to WB. In 1944, the company bought Schlesinger’s Cartoon department and rebranded it as Warner Bros. Cartoons.
By 1949, their success in TV and film was already increasing a lot. Harry Warner wanted to work on television production, but he was not allowed by the FCC. In 1955, they managed to do it.
The company is also the owner of music publishing holdings.
In 2012, they broke the all-time global records with $4.814 billion earnings. The international box office that year was $2.93 billion, while domestic earnings accumulated $1.884 billion.
Their best years since then was 2017 when they earned $5.12 billion.
Some of their most popular units are DC Entertainment including DC Comics and DC Films, New Line Cinema, WB Television, TMZ, The CW, WB Home Entertainment, Cartoon Network, Adult Swim, etc.
The most popular and the highest grossing projects by the company are the Harry Potter Franchise, The Dark Knight Trilogy, The Lord of the Rings and Hobbit trilogies, The Matrix trilogy, and various movies featuring DC Comics superheroes.
Perhaps even more popular than these blockbuster movies are their wacky and silly cartoon characters, The Looney Toons. Bugs Bunny, Daffy Duck, Porky Pig, Elmer Fudd, Tweety, Sylvester, Yosemite Sam, Marvin the Martian and the rest of the gang are iconic cartoon characters generations have grown up with.
Net Worth and Earnings
As of 2019, the total estimated net worth of this entertainment giant is $5 billion. Since the start of all entertainment industry, Warner Bros. is the only company to cross $1 billion in earnings every year for the past 17 years. The hard work and dedication of all of its units and employees made them and continues to make them enormous amounts of money, and give them great success. As big as they are, and as involved in the industry, the prosperous times for the company seem like they will last forever.