WBD Studios, privately owned by Warner Bros. Discovery and headquartered at its historic 110-acre main lot in Burbank, California, employs approximately 39,050 individuals and reported $12.6B in revenue as of 2025. The company specializes in entertainment content rights, with subsidiaries including Flagship Entertainment Group, New Line Cinema, Telepictures, Warner Bros International Television Production (WBITVP), and Warner Bros. Pictures Animation. Functioning as a public commercial film and television studio facility division under the Warner Bros. Discovery, Inc. corporate umbrella, WBD Studios' underlying infrastructure traces its origins to 1926 when First National Pictures constructed the foundational Burbank lot, which was subsequently acquired by Warner Bros. in 1928 and eventually integrated into the Warner Bros. Discovery corporate portfolio following the media conglomerate's merger in 2022. The company also has major international physical expansions, including Warner Bros. Studios Leavesden in Hertfordshire, United Kingdom. The enterprise functions as a provider of physical production spaces, technical craftsmanship, and stage rentals for the global entertainment industry.
A movie theater owner with nearly 50 years of experience on August 21 expressed suspicion regarding the proposed merger of Paramount Skydance and Warner Bros. Discovery, highlighting the complexity of such deals. This followed support from major movie theater chains; Cinemark, AMC Theatres, and Regal Cinemas publicly backed Paramount Skydance’s proposed $111 billion merger with Warner Bros. Discovery, with Cinema United remaining the last major holdout in the theatrical exhibition industry. Earlier on August 21, reports indicated Paramount Skydance CEO David Ellison is planning a "Batman: Reeves Trilogy" and an "Arkham Asylum Trilogy" as part of a new DC strategy upon the completion of the Paramount-WBD deal, potentially reinstating the SnyderVerse and adapting The Dark Knight Returns, reportedly with Saudi backing. Also that day, Los Angeles city councilmember and mayoral candidate Nithya Raman reiterated her opposition to the merger, labeling it a "bad deal" for entertainment workers and endorsing California Attorney General Rob Bonta’s lawsuit challenging the acquisition. Previously, on August 20, Paramount Skydance CEO David Ellison was reportedly scouting Austin, Texas, as a potential new location for the studio if California Attorney General Rob Bonta does not settle the multistate antitrust suit blocking his approximately $110 billion acquisition of Warner Bros.
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WBD Studios offers products in the media and telecoms services industry. WBD Studios's product portfolio comprises of entertainment content rights.
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WBD Studios's revenues were over $1B in 2025. All the revenue comes from entertainment rights and distribution.
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