{"id":25474,"date":"2015-12-02T06:15:55","date_gmt":"2015-12-02T11:15:55","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=25474"},"modified":"2015-12-02T18:13:43","modified_gmt":"2015-12-02T23:13:43","slug":"warner-bros-pictures-1","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2015\/12\/02\/warner-bros-pictures-1\/","title":{"rendered":"Warner Bros. Pictures #1"},"content":{"rendered":"
Mallory Rogers<\/pre>\n
\"Warner_Bros._Pictures_logo.svg\"<\/a><\/p>\n
[22]<\/a><\/p>\n
Warner Bros. Pictures<\/strong><\/p>\n
4000 Warner Blvd.,
\nBurbank, CA 91522<\/p>\n
http:\/\/www.warnerbros.com\/studio\/divisions\/warner-bros-pictures<\/a><\/p>\n
SOCIAL MEDIA<\/strong><\/p>\n
Twitter<\/a><\/p>\n
Facebook<\/a><\/p>\n
\n
KEY EXECUTIVES<\/strong><\/p>\n
\"PhotoSizedDown_Kevin_Tsujihara_2014\"<\/a>
Kevin Tsujihara [12]:<\/a> Chairman and Chief Executive Officer, Warner Bros.<\/p><\/div>
\"Jon_Gilbert_195x230\"<\/a>
Jon Gilbert [13]:<\/a> President, Warner Bros. Worldwide Studio Facilities<\/p><\/div>
\"Steve<\/a>
Steve Papazian [14]:<\/a> President, Worldwide Physical Production, Warner Bros. Pictures<\/p><\/div>
\"Greg_Silverman
Greg Silverman[15]: <\/a>President, Creative Development and Worldwide Production, Warner Bros. Pictures<\/p><\/div> <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
 <\/p>\n
\n
 <\/p>\n
BACKGROUND<\/strong><\/p>\n
\"wb-logo-history\"<\/a><\/p>\n
[16] <\/a><\/p>\n
 Warner Brothers Pictures <\/a>produces and distributes a variety of anywhere from 18 to 22 films each year. To date, Warner Bros. has produced 23 films in 2015. These films range in genre from Pan<\/a><\/em> to Vacation<\/a><\/em> to Entourage<\/em><\/a>. Warner Bros. is part of the Big 6<\/a>, a group of movie studios that produce and distribute the majority of films in Hollywood.\"static1.squarespace.com\"<\/a><\/p>\n
\u00a0[17] <\/a><\/p>\n
The focus of Warner Bros. Pictures is to produce films that are wide ranging to appeal to all audiences. It \u201cproduces and maintains worldwide distribution rights.\u201d It has joint ventures with Village Roadshow Pictures and PatPac-Dune Entertainment to finance such films. Warner Brothers Pictures also has a deal with Alcon Entertainment to help finance films. [11] <\/a><\/p>\n
This company is also under the larger media conglomerate umbrella of TimeWarner<\/a>. In addition to Warner Bros. Pictures TimeWarner also owns the remaining segments of Warner Bros. such as Warner Bros. Animation as well as HBO and Turner.<\/p>\n
\n
HISTORY<\/strong><\/p>\n
Well-respected and one of the most diversified companies in the industry, Warner Bros. Pictures has a storied past. Warner Bros. Studios was founded April 4, 1923 by brothers Albert<\/a>, Sam<\/a>, Harry<\/a> and Jack<\/a>. [11] <\/a><\/p>\n
\"\"<\/a> The four Warner brothers (left to right) Sam, Harry, Jack, and Albert, 1926. [18]<\/a><\/p>\n
One of the moments that sparked its respect was the release of \u201cthe world\u2019s first \u2018talkie\u2019\u201d in 1927.\u00a0 This talkie was The Jazz Singer.<\/a> A<\/em> \u201ctalkie\u201d is a synchronized-sound feature film. This innovative success spurred the success of the brothers\u2019 film company for years to come.\"\"<\/a><\/p>\n
[19] <\/a><\/p>\n
However, their work in the film industry started much earlier. In 1903 the four brothers traveled though Pennsylvania and Ohio as traveling exhibitors showing films off a portable projector. The Great Train Robbery<\/em> was one of the first films they displayed to the public. This film was hailed as \u201cthe first motion picture to tell a definite story.\u201d From here, the brothers continued and expanded their business in Pennsylvania where they opened the Cascade Theater. Each brother had their own skill\/job in the theater. Albert and Harry sold tickets, \u201cSam ran the hand-crank projector while Jack sang \u2018illustrated\u2019 songs during the intermissions to sister Rose’s piano accompaniment.\u201d [11] <\/a><\/p>\n
New Line Cinema<\/a>, a unit of Warner Bros. Pictures, was acquired in 2008 by TimeWarner. Their production of highly successful, critically acclaimed films attracted them to TimeWarner. Though their production, marketing, development and distribution are all separate from Warner Bros. the collaboration serves to “maximize film performance and operating efficiencies.” [25]<\/a><\/p>\n
Warner Bros. Pictures has amassed a large amount of success through the years, including the\u00a0Harry Potter<\/em><\/a> and Dark Knight<\/a> <\/em>franchises. This studio has been producing nearly 6,500 feature films since the late 1920s\/early 1930s.<\/p>\n
\n
FINANCE
\n<\/strong><\/p>\n
According to the third quarter results for 2015 ending in September 2015 Warner Bros’ parent company, TimeWarner, revenue has increased 5%. This 5% translates to $6.6 billion. However, these results did not include anything past September. This means the release of Pan <\/em>and the lack of success it had in the box officer were not taken into account. The increase came from Warner Bros. and Home Box Office to offset the decline from Turner. Also from the third quarter Warner Bros. had an adjusted EPS of $1.25 and repurchased 41 million shares that will run through October 30 for $3.3 billion.\u00a0[8]<\/a> <\/span> [24]<\/a><\/span><\/p>\n
The proxy statement TimeWarer released to educate investors for the year 2015 lays out all that TimeWarner has done over the past year. It details what all has happened, operating strategies, expansion programs, etc. As of 2015 Warner Bros. Studios has\u00a0 production companies in 16 international territories. Warner Bros. Studios is expanding globally to capture a wider reach, becoming bigger. This plays into the financial aspect to see what is working in the company, what films have brought in, monetarily and other important financial details. In fact, “Warner Bros. generated over $4 billion at the global box office for the 6th year in a row; announced expanded slate of movies for 2016-2020.”[24]<\/a><\/span><\/p>\n
\n
FILMS THUS FAR<\/strong><\/p>\n
Producing 23 films this year to date, one of Warner Bros.\u2019 more recent films, Pan<\/em>, seemed to flop. [9]<\/a> This flop did not sit well with executives after already having had a less-than- successful summer. None of its films surpassed $500 million worldwide. Settling in at number three among top movie studios when usually number 1 indicated to executives something had to change. Anticipated success from The Man From U.N.C.L.E.<\/a><\/em> was dashed after making only $13.4 million opening weekend. [3]<\/a> Warner Bros\u2019 looked at Straight Outta Compton<\/a>,<\/em> worked with New Line Cinema to produce it but backed out thinking its budget was too high ceding this film to Universal Studios. Hope for the remainder of the year was placed in Black Mass<\/em><\/a> and others. Black Mass <\/em>might be Warner Bros’ saving grace with rumors of Oscar consideration for main character Johnny Depp<\/a>.<\/p>\n