BUSINESS
September 10, 2009 | Claudia Eller and Ben Fritz
Warner Bros. hopes to cure a case of superhero envy. After years of lagging rival Marvel Entertainment in adapting comic-book properties for the big screen and other media, the Burbank studio unveiled a major restructuring of its DC Comics unit Wednesday that will bring its operations under tighter control. The move is an effort by Warner Bros. and corporate parent Time Warner Inc. to implement a new strategy for DC Comics, which will face stiffer competition from a steroid-charged Marvel as a result of Walt Disney Co.'s deal last week to acquire it for $4 billion.
BUSINESS
June 5, 1997 | JAMES BATES, TIMES STAFF WRITER
You've watched its TV shows and seen its movies. Now wear the studio's sneakers. In another sign of the blurring between sports and entertainment, Warner Bros. on Wednesday said it has agreed to a licensing deal using Laker center (and Warner Bros. actor) Shaquille O'Neal for a line of WB Sport shoes and clothing featuring O'Neal's "Shaq Dunkman" logo.
BUSINESS
May 11, 2009 | Ben Fritz
What's $120 million between friends? Village Roadshow Pictures, which has owed that much to Warner Bros. for nearly a year on four films released in 2008, has repaid the studio after restructuring its $1.4-billion credit line. Amid last year's financial collapse, the Australian film financing company unexpectedly lost access to funds it had committed to use for a 50% stake in "Get Smart," "Gran Torino," "Nights in Rodanthe" and "Yes Man." It has been co-financing Warner movies for over a decade.
BUSINESS
December 24, 1998 | GREG JOHNSON, TIMES STAFF WRITER
Furby, the hot holiday toy that looks like a cross between an owl and a gremlin, will get a face lift next year, industry sources say, following complaints from Warner Bros. that the toy bears too close a resemblance to Gizmo, a character in Warner's "Gremlins" movies. Pawtucket, R.I.-based Hasbro Inc., which manufactures the hot-selling Furby line, did not return phone calls Wednesday.
BUSINESS
April 16, 1999 | CLAUDIA ELLER, TIMES STAFF WRITER
Warner Bros. long-reigning chiefs, Bob Daly and Terry Semel, have lots to smile about these days, including their studio's market share leap to first on the strength of current hits "The Matrix" and "Analyze This" after a dismal two years at the box office. The $10-billion entertainment empire that the duo preside over, which encompasses the studio's movie, television and consumer products divisions and Time Warner's global music business, is firing on all cylinders right now.
BUSINESS
July 28, 2008 | Dawn C. Chmielewski, Times Staff Writer
For Warner Bros., the mission was to keep "The Dark Knight" from seeing the light of day. In an era of instantaneous digital copying and widely available high-speed Internet access, the premature and unauthorized release of a movie to the public -- especially a coveted summer blockbuster -- can spell disaster. If the movie's a stinker, the word will travel at the speed of a mouse click, ruining chances of making back money.