BUSINESS
By Zain Shauk | February 6, 2010
Time Warner Inc., the parent company of Burbank-based Warner Bros., announced Wednesday it earned $627 million in 2009, up from a loss of $16 billion the year prior, as the company planned increased film investment that could generate more jobs in the region. Revenues for Warner Bros. declined by 3% in 2009, to $11 billion, but its operating income grew 21%, to $1.5 billion, which the company credited to lower print and advertising costs and reduced overhead. The Burbank media giant, which specialized in film and television, set a worldwide box office revenue record in 2009, pulling in more than $4 billion with the popularity of ?
BUSINESS
By Zain Shauk | May 12, 2010
Time Warner Inc., the parent company of Burbank-based Warner Bros., reported record quarterly profits this week for the start of 2010, fueled in part by strong DVD sales. Operating income for the New York-based owner of CNN, HBO, Time Magazine and other media properties jumped 37%, compared with the first quarter of 2009, to $1.4 billion, the company reported. ?We posted our best revenue growth in almost two years and the most profitable quarter in our history,? Jeff Bewkes, Time Warner?
BUSINESS
April 16, 2008
New Line production studio loses 450 jobs Time Warner, which owns Warner Bros. in Burbank, is planning to cut 450 jobs from its New Line movie production studio, according to reports. The staff reductions will leave New Line, which is based in West Hollywood, with 40 to 50 employees. Some of those employees may be offered jobs within Warner Bros., according to news reports. New Line will maintain its own independent development and production teams, and Time Warner will take over distributions of completed films, reports said.
NEWS
July 15, 2000
Erin Park MEDIA DISTRICT WEST - As an eighth-grader, she sold lemonade and cookies to raise money for guide dogs for the blind. In college, she volunteered at soup kitchens and juvenile hall. And now, Musette Buckley, vice president of production services for Warner Bros., devotes her free time to helping homeless mothers and their children. In June, Buckley's dedication to her volunteer work earned her recognition by Time Warner, Warner Bros.
NEWS
January 15, 2000
Paul Clinton MEDIA DISTRICT WEST -- As the dust settles from the Time Warner Inc. and America Online mega-merger, studio officials at Warner Bros. said it was too early to pinpoint how Burbank operations would be affected. "Tell me when you find out," joked Barbara Brogliatti, the studio's director of corporate communications. Warner Chairman and CEO Barry Meyer said it's likely little or nothing would change at the company's Burbank studios. Meyer also said the merger will give Warner Bros.
NEWS
March 1, 2008
Warner Bros. announces merger Burbank-based Warner Bros. announced Thursday they are merging with New Line Cinema, both Time Warner Inc. divisions. New Line, which has distributed an array of films such as the newly released ?Be Kind Rewind,? starring Jack Black and ?American History X,? about a reformed neo-Nazi, will still maintain separate film production operations, but will closely integrate and coordinate those duties with Warner Bros. in an effort to maximize efficiency and cut costs, Time Warner said.
BUSINESS
By By Mark R. Madler | November 5, 2005
???Warner Bros. announces Burbank studio layoffs as parent company posts $10.5-billion third quarter revenues.MEDIA DISTRICT WEST -- Despite high profits from its hit films and DVD sales, Warner Bros. Studios laid off 250 employees at its Burbank studio this week, foreshadowing what observers anticipate as sagging sales in the home entertainment market. Warner Bros., a division of Time Warner Inc, the largest media company in the world, let go full-time employees in various departments and no seasonal production-related jobs were included, said Senior Vice President of Studio and Production Affairs Lisa Rawlins.
BUSINESS
By Zain Shauk | February 4, 2010
Time Warner Inc., the parent company of Burbank-based Warner Bros., announced Wednesday it earned $627 million in 2009, up from a loss of $16 billion the year prior, as the company planned increased film investment that could generate more jobs in the region. Revenues for Warner Bros. declined by 3% in 2009, to $11 billion, but its operating income grew 21%, to $1.5 billion, which the company credited to lower print and advertising costs and reduced overhead. The Burbank media giant, which specialized in film and television, set a worldwide box office revenue record in 2009, pulling in more than $4 billion with the popularity of “Harry Potter and the Half-Blood Prince,” “Sherlock Holmes,” “The Blind Side” and “The Hangover.
NEWS
February 9, 2000
Paul Clinton MEDIA DISTRICT WEST -- Jon Gilbert has taken over studio operations at Warner Bros., the company announced. Gilbert, who previously served as an executive vice president of Warner Bros., will oversee all day-to-day management of the studio's production, post-production and other operations. "I'm very enthused," Gilbert said Thursday. "I'm gratified the studio had the confidence to choose me." Gilbert replaces Gary Credle, who was promoted to executive vice president of administration and studio operations.
BUSINESS
January 25, 2006
Warner Bros. Entertainment and CBS Corp. announced Tuesday they were forming a new television network that will replace the The WB and UPN networks. The CW will launch in the fall of 2006 and program 30 hours a week for seven days for its affiliated stations. The full distribution of the new network is expected to exceed 95% of the country. Dawn Ostroff, currently president of UPN, will become president of entertainment; and John Maatta, currently chief operating officer of The WB, will become chief operating officer of the CW. Warner Bros.