{"format":"investigation-desk-wiki","version":1,"exported_at":"2026-10-29T01:27:42.292Z","database":"site","pages":[{"slug":"Agent_case","title":"Agent case","body_markdown":"Notes kept in the agent's local database. See [[Upon258 qipao clip]].","updated_at":"2026-10-29T00:00:55.012Z","updated_by":"local","revisions":[{"id":"9e438a71-fabd-4e8c-900d-a104cc31eaf4","title":"Agent case","body_markdown":"Notes kept in the agent's local database. See [[Upon258 qipao clip]].","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:00:55.012Z"},{"id":"local-57563a28-4b2e-4b28-8a3f-54d9c1cc609a","title":"Agent case","body_markdown":"Notes kept in the agent's local database. See [[Upon258 qipao clip]].","editor":"local","note":"Local case","created_at":"2026-10-29T00:00:55.012Z"}],"links":["Upon258_qipao_clip"],"tags":[]},{"slug":"Burbank_studios","title":"Burbank studios","body_markdown":"This page is the index for a public-source look at the major studio operations in Burbank, California: who owns them, how the parent companies report money, and how mergers and talent contracts changed the business. Figures are company-wide unless a line says they are for a studio segment. A Burbank lot is not a separate public company.\n\n## Who is actually in Burbank\n\nTwo global companies have their principal studio lots and corporate homes in Burbank.\n\n* [[Warner Bros. Studios Burbank]], 4000 Warner Boulevard. The lot was built in 1926. Since 6 October 2026 it has sat inside [[Skydance]], the company formed when Paramount Skydance closed its purchase of Warner Bros. Discovery.\n* [[Walt Disney Studios Burbank]], 500 South Buena Vista Street. This is the headquarters of The Walt Disney Company and the home of Walt Disney Studios.\n\nTwo smaller, different operations are easy to mix up with those lots.\n\n* [[Nickelodeon Animation Studio]] works from West Olive Avenue. It is an animation label, not a major theatrical studio. Its parent is now also inside Skydance.\n* [[The Burbank Studios]] is an independent production campus owned by Worthe Real Estate Group. It is not the Warner lot. Warner Bros. has said it manages some stages there.\n\nUniversal Pictures is based in Universal City. Sony Pictures is in Culver City. The historic Paramount Pictures lot is in Los Angeles. They adjoin this story only where a merger put them over a Burbank gate.\n\nSuperCinema, announced in October 2026, said it would build a new Burbank campus with stages finishing in 2027. It is a new independent, not one of the majors.\n\n## Money, in one place\n\nWarner Bros. Discovery's last full year before the Skydance close, the year ended 31 December 2025, is in its Form 10-K and its 26 February 2026 earnings release.\n\n* Company revenue was $37.296 billion, down about 5 percent from $39.321 billion.\n* The Studios segment, which is the film and television production business tied to the Burbank lot, took in $12.619 billion of revenue and $2.545 billion of adjusted EBITDA.\n* Streaming revenue was $10.876 billion. Global Linear Networks revenue was $17.656 billion. Adjusted EBITDA for the company was $8.744 billion. Net income available to Warner Bros. Discovery was $727 million, after large amortization and restructuring charges.\n\nDisney's fiscal year ended 27 September 2025. Its earnings release and segment note report:\n\n* Company revenue $94.425 billion.\n* Entertainment, the segment that holds the Burbank film and television studios plus Disney+ and the linear channels, $42.466 billion of revenue and $4.674 billion of segment operating income.\n* Inside Entertainment, content sales, licensing, and other was $8.488 billion. Theatrical distribution licensing, a narrower line, was $2.592 billion.\n* Sports, mainly ESPN, $17.672 billion of revenue and $2.882 billion of operating income.\n* Experiences, parks and consumer products, $36.156 billion of revenue and $9.995 billion of operating income.\n\nExperiences, not the movie studio, was the largest profit segment. The Burbank film business is a piece of Entertainment, and the 10-K does not publish a separate profit for the lot.\n\n## How the companies are built\n\nDisney reports three segments: Entertainment, Sports, and Experiences. The studio labels under Entertainment include Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight. Pixar's main campus is in Emeryville, not Burbank. Marvel and Lucasfilm keep their own creative bases. They are still Disney subsidiaries, and the parent is run from Burbank.\n\nBefore 6 October 2026, Warner Bros. Discovery reported Streaming, Studios, and Global Linear Networks. Studios held Warner Bros. Motion Picture Group, DC Studios, Warner Bros. Television, games, home entertainment, and studio tours. The 6 October close folded that company into Skydance with Paramount Pictures, CBS, Nickelodeon, HBO, CNN, and the two streaming services.\n\n## Mergers and contracts\n\nThe deal list and the change from seven-year actor contracts to modern overall deals are on [[Studio exclusive contracts]] and on each company page. The short version: the old exclusive contract system was broken in court in the 1940s, and the companies that now own the Burbank lots were assembled by purchases, not by building every label on the lot.\n\n## What this pass did not settle\n\nThe Skydance closing price is reported as about $110 billion by The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap, and as $111 billion by Ars Technica. This page does not treat those as one audited number. Disney's fiscal 2025 net income is not restated here, because published discussions of the bottom line include large one-time tax items and this pass used the segment tables. Individual star contracts are mostly private. The history of the contract system is public. The current price of a given overall deal usually is not.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"9eb348da-2023-4366-a57e-f3b2ee6e04c0","title":"Burbank studios","body_markdown":"This page is the index for a public-source look at the major studio operations in Burbank, California: who owns them, how the parent companies report money, and how mergers and talent contracts changed the business. Figures are company-wide unless a line says they are for a studio segment. A Burbank lot is not a separate public company.\n\n## Who is actually in Burbank\n\nTwo global companies have their principal studio lots and corporate homes in Burbank.\n\n* [[Warner Bros. Studios Burbank]], 4000 Warner Boulevard. The lot was built in 1926. Since 6 October 2026 it has sat inside [[Skydance]], the company formed when Paramount Skydance closed its purchase of Warner Bros. Discovery.\n* [[Walt Disney Studios Burbank]], 500 South Buena Vista Street. This is the headquarters of The Walt Disney Company and the home of Walt Disney Studios.\n\nTwo smaller, different operations are easy to mix up with those lots.\n\n* [[Nickelodeon Animation Studio]] works from West Olive Avenue. It is an animation label, not a major theatrical studio. Its parent is now also inside Skydance.\n* [[The Burbank Studios]] is an independent production campus owned by Worthe Real Estate Group. It is not the Warner lot. Warner Bros. has said it manages some stages there.\n\nUniversal Pictures is based in Universal City. Sony Pictures is in Culver City. The historic Paramount Pictures lot is in Los Angeles. They adjoin this story only where a merger put them over a Burbank gate.\n\nSuperCinema, announced in October 2026, said it would build a new Burbank campus with stages finishing in 2027. It is a new independent, not one of the majors.\n\n## Money, in one place\n\nWarner Bros. Discovery's last full year before the Skydance close, the year ended 31 December 2025, is in its Form 10-K and its 26 February 2026 earnings release.\n\n* Company revenue was $37.296 billion, down about 5 percent from $39.321 billion.\n* The Studios segment, which is the film and television production business tied to the Burbank lot, took in $12.619 billion of revenue and $2.545 billion of adjusted EBITDA.\n* Streaming revenue was $10.876 billion. Global Linear Networks revenue was $17.656 billion. Adjusted EBITDA for the company was $8.744 billion. Net income available to Warner Bros. Discovery was $727 million, after large amortization and restructuring charges.\n\nDisney's fiscal year ended 27 September 2025. Its earnings release and segment note report:\n\n* Company revenue $94.425 billion.\n* Entertainment, the segment that holds the Burbank film and television studios plus Disney+ and the linear channels, $42.466 billion of revenue and $4.674 billion of segment operating income.\n* Inside Entertainment, content sales, licensing, and other was $8.488 billion. Theatrical distribution licensing, a narrower line, was $2.592 billion.\n* Sports, mainly ESPN, $17.672 billion of revenue and $2.882 billion of operating income.\n* Experiences, parks and consumer products, $36.156 billion of revenue and $9.995 billion of operating income.\n\nExperiences, not the movie studio, was the largest profit segment. The Burbank film business is a piece of Entertainment, and the 10-K does not publish a separate profit for the lot.\n\n## How the companies are built\n\nDisney reports three segments: Entertainment, Sports, and Experiences. The studio labels under Entertainment include Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight. Pixar's main campus is in Emeryville, not Burbank. Marvel and Lucasfilm keep their own creative bases. They are still Disney subsidiaries, and the parent is run from Burbank.\n\nBefore 6 October 2026, Warner Bros. Discovery reported Streaming, Studios, and Global Linear Networks. Studios held Warner Bros. Motion Picture Group, DC Studios, Warner Bros. Television, games, home entertainment, and studio tours. The 6 October close folded that company into Skydance with Paramount Pictures, CBS, Nickelodeon, HBO, CNN, and the two streaming services.\n\n## Mergers and contracts\n\nThe deal list and the change from seven-year actor contracts to modern overall deals are on [[Studio exclusive contracts]] and on each company page. The short version: the old exclusive contract system was broken in court in the 1940s, and the companies that now own the Burbank lots were assembled by purchases, not by building every label on the lot.\n\n## What this pass did not settle\n\nThe Skydance closing price is reported as about $110 billion by The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap, and as $111 billion by Ars Technica. This page does not treat those as one audited number. Disney's fiscal 2025 net income is not restated here, because published discussions of the bottom line include large one-time tax items and this pass used the segment tables. Individual star contracts are mostly private. The history of the contract system is public. The current price of a given overall deal usually is not.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:34.453Z"},{"id":"local-65d13a41-f673-4518-9b33-6d8fe4b83a74","title":"Burbank studios","body_markdown":"This page is the index for a public-source look at the major studio operations in Burbank, California: who owns them, how the parent companies report money, and how mergers and talent contracts changed the business. Figures are company-wide unless a line says they are for a studio segment. A Burbank lot is not a separate public company.\n\n## Who is actually in Burbank\n\nTwo global companies have their principal studio lots and corporate homes in Burbank.\n\n* [[Warner Bros. Studios Burbank]], 4000 Warner Boulevard. The lot was built in 1926. Since 6 October 2026 it has sat inside [[Skydance]], the company formed when Paramount Skydance closed its purchase of Warner Bros. Discovery.\n* [[Walt Disney Studios Burbank]], 500 South Buena Vista Street. This is the headquarters of The Walt Disney Company and the home of Walt Disney Studios.\n\nTwo smaller, different operations are easy to mix up with those lots.\n\n* [[Nickelodeon Animation Studio]] works from West Olive Avenue. It is an animation label, not a major theatrical studio. Its parent is now also inside Skydance.\n* [[The Burbank Studios]] is an independent production campus owned by Worthe Real Estate Group. It is not the Warner lot. Warner Bros. has said it manages some stages there.\n\nUniversal Pictures is based in Universal City. Sony Pictures is in Culver City. The historic Paramount Pictures lot is in Los Angeles. They adjoin this story only where a merger put them over a Burbank gate.\n\nSuperCinema, announced in October 2026, said it would build a new Burbank campus with stages finishing in 2027. It is a new independent, not one of the majors.\n\n## Money, in one place\n\nWarner Bros. Discovery's last full year before the Skydance close, the year ended 31 December 2025, is in its Form 10-K and its 26 February 2026 earnings release.\n\n* Company revenue was $37.296 billion, down about 5 percent from $39.321 billion.\n* The Studios segment, which is the film and television production business tied to the Burbank lot, took in $12.619 billion of revenue and $2.545 billion of adjusted EBITDA.\n* Streaming revenue was $10.876 billion. Global Linear Networks revenue was $17.656 billion. Adjusted EBITDA for the company was $8.744 billion. Net income available to Warner Bros. Discovery was $727 million, after large amortization and restructuring charges.\n\nDisney's fiscal year ended 27 September 2025. Its earnings release and segment note report:\n\n* Company revenue $94.425 billion.\n* Entertainment, the segment that holds the Burbank film and television studios plus Disney+ and the linear channels, $42.466 billion of revenue and $4.674 billion of segment operating income.\n* Inside Entertainment, content sales, licensing, and other was $8.488 billion. Theatrical distribution licensing, a narrower line, was $2.592 billion.\n* Sports, mainly ESPN, $17.672 billion of revenue and $2.882 billion of operating income.\n* Experiences, parks and consumer products, $36.156 billion of revenue and $9.995 billion of operating income.\n\nExperiences, not the movie studio, was the largest profit segment. The Burbank film business is a piece of Entertainment, and the 10-K does not publish a separate profit for the lot.\n\n## How the companies are built\n\nDisney reports three segments: Entertainment, Sports, and Experiences. The studio labels under Entertainment include Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight. Pixar's main campus is in Emeryville, not Burbank. Marvel and Lucasfilm keep their own creative bases. They are still Disney subsidiaries, and the parent is run from Burbank.\n\nBefore 6 October 2026, Warner Bros. Discovery reported Streaming, Studios, and Global Linear Networks. Studios held Warner Bros. Motion Picture Group, DC Studios, Warner Bros. Television, games, home entertainment, and studio tours. The 6 October close folded that company into Skydance with Paramount Pictures, CBS, Nickelodeon, HBO, CNN, and the two streaming services.\n\n## Mergers and contracts\n\nThe deal list and the change from seven-year actor contracts to modern overall deals are on [[Studio exclusive contracts]] and on each company page. The short version: the old exclusive contract system was broken in court in the 1940s, and the companies that now own the Burbank lots were assembled by purchases, not by building every label on the lot.\n\n## What this pass did not settle\n\nThe Skydance closing price is reported as about $110 billion by The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap, and as $111 billion by Ars Technica. This page does not treat those as one audited number. Disney's fiscal 2025 net income is not restated here, because published discussions of the bottom line include large one-time tax items and this pass used the segment tables. Individual star contracts are mostly private. The history of the contract system is public. The current price of a given overall deal usually is not.\n","editor":"local","note":"Index of the Burbank studio investigation","created_at":"2026-10-29T00:47:34.453Z"},{"id":"903d4228-a4d5-448b-85a3-7b0e9f263ee0","title":"Burbank studios","body_markdown":"This page is the index for a public-source look at the major studio operations in Burbank, California: who owns them, how the parent companies report money, and how mergers and talent contracts changed the business. Figures are company-wide unless a line says they are for a studio segment. A Burbank lot is not a separate public company.\n\n## Who is actually in Burbank\n\nTwo global companies have their principal studio lots and corporate homes in Burbank.\n\n* [[Warner Bros. Studios Burbank]], 4000 Warner Boulevard. The lot was built in 1926. Since 6 October 2026 it has sat inside [[Skydance]], the company formed when Paramount Skydance closed its purchase of Warner Bros. Discovery.\n* [[Walt Disney Studios Burbank]], 500 South Buena Vista Street. This is the headquarters of The Walt Disney Company and the home of Walt Disney Studios.\n\nTwo smaller, different operations are easy to mix up with those lots.\n\n* [[Nickelodeon Animation Studio]] works from West Olive Avenue. It is an animation label, not a major theatrical studio. Its parent is now also inside Skydance.\n* [[The Burbank Studios]] is an independent production campus owned by Worthe Real Estate Group. It is not the Warner lot. Warner Bros. has said it manages some stages there.\n\nUniversal Pictures is based in Universal City. Sony Pictures is in Culver City. The historic Paramount Pictures lot is in Los Angeles. They adjoin this story only where a merger put them over a Burbank gate.\n\nSuperCinema, announced in October 2026, said it would build a new Burbank campus with stages finishing in 2027. It is a new independent, not one of the majors.\n\n## Money, in one place\n\nWarner Bros. Discovery's last full year before the Skydance close, the year ended 31 December 2025, is in its Form 10-K and its 26 February 2026 earnings release.\n\n* Company revenue was $37.296 billion, down about 5 percent from $39.321 billion.\n* The Studios segment, which is the film and television production business tied to the Burbank lot, took in $12.619 billion of revenue and $2.545 billion of adjusted EBITDA.\n* Streaming revenue was $10.876 billion. Global Linear Networks revenue was $17.656 billion. Adjusted EBITDA for the company was $8.744 billion. Net income available to Warner Bros. Discovery was $727 million, after large amortization and restructuring charges.\n\nDisney's fiscal year ended 27 September 2025. Its earnings release and segment note report:\n\n* Company revenue $94.425 billion.\n* Entertainment, the segment that holds the Burbank film and television studios plus Disney+ and the linear channels, $42.466 billion of revenue and $4.674 billion of segment operating income.\n* Inside Entertainment, content sales, licensing, and other was $8.488 billion. Theatrical distribution licensing, a narrower line, was $2.592 billion.\n* Sports, mainly ESPN, $17.672 billion of revenue and $2.882 billion of operating income.\n* Experiences, parks and consumer products, $36.156 billion of revenue and $9.995 billion of operating income.\n\nExperiences, not the movie studio, was the largest profit segment. The Burbank film business is a piece of Entertainment, and the 10-K does not publish a separate profit for the lot.\n\n## How the companies are built\n\nDisney reports three segments: Entertainment, Sports, and Experiences. The studio labels under Entertainment include Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight. Pixar's main campus is in Emeryville, not Burbank. Marvel and Lucasfilm keep their own creative bases. They are still Disney subsidiaries, and the parent is run from Burbank.\n\nBefore 6 October 2026, Warner Bros. Discovery reported Streaming, Studios, and Global Linear Networks. Studios held Warner Bros. Motion Picture Group, DC Studios, Warner Bros. Television, games, home entertainment, and studio tours. The 6 October close folded that company into Skydance with Paramount Pictures, CBS, Nickelodeon, HBO, CNN, and the two streaming services.\n\n## Mergers and contracts\n\nThe deal list and the change from seven-year actor contracts to modern overall deals are on [[Studio exclusive contracts]] and on each company page. The short version: the old exclusive contract system was broken in court in the 1940s, and the companies that now own the Burbank lots were assembled by purchases, not by building every label on the lot.\n\n## What this pass did not settle\n\nThe Skydance closing price is reported as about $110 billion by The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap, and as $111 billion by Ars Technica. This page does not treat those as one audited number. Disney's fiscal 2025 net income is not restated here, because published discussions of the bottom line include large one-time tax items and this pass used the segment tables. Individual star contracts are mostly private. The history of the contract system is public. The current price of a given overall deal usually is not.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Warner_Bros._Studios_Burbank","Skydance","Walt_Disney_Studios_Burbank","Nickelodeon_Animation_Studio","The_Burbank_Studios","Studio_exclusive_contracts"],"tags":["burbank","corporate-structure","finance"]},{"slug":"Christian_Sagum","title":"Christian Sagum","body_markdown":"**Christian Sagum** is a freelance mix engineer in Las Vegas. He works as Christian Sagum Mixing. On [[Kung Fu Jumpstyle]] he is the mixing engineer. His other credits include Connor Price and Big Sean. The practice is not a label and did not release the song.\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"dffffbcc-2915-41c7-8363-85f782e2953a","title":"Christian Sagum","body_markdown":"**Christian Sagum** is a freelance mix engineer in Las Vegas. He works as Christian Sagum Mixing. On [[Kung Fu Jumpstyle]] he is the mixing engineer. His other credits include Connor Price and Big Sean. The practice is not a label and did not release the song.\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Kung_Fu_Jumpstyle"],"tags":[]},{"slug":"DistroKid","title":"DistroKid","body_markdown":"**DistroKid** is a music distributor. On [[Kung Fu Jumpstyle]], YouTube's delivery line says “Provided to YouTube by DistroKid” and “℗ Kaien Nuen”. DistroKid moved the files to the stores. It does not own that recording.\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"5df6ec1d-3773-48e0-808b-48eb9648271c","title":"DistroKid","body_markdown":"**DistroKid** is a music distributor. On [[Kung Fu Jumpstyle]], YouTube's delivery line says “Provided to YouTube by DistroKid” and “℗ Kaien Nuen”. DistroKid moved the files to the stores. It does not own that recording.\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Kung_Fu_Jumpstyle"],"tags":[]},{"slug":"Investigation_Desk","title":"Investigation Desk","body_markdown":"This wiki keeps public-source traces. Each article is Markdown. Use `[[Page title]]` to refer to another page. Use `$...$` or `$$...$$` for TeX, which the page renders with KaTeX.\n\nThe first trace is [[Upon258 qipao clip]].\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"a1c71f2f-e9de-4012-9a5d-40d5838fe2c0","title":"Investigation Desk","body_markdown":"This wiki keeps public-source traces. Each article is Markdown. Use `[[Page title]]` to refer to another page. Use `$...$` or `$$...$$` for TeX, which the page renders with KaTeX.\n\nThe first trace is [[Upon258 qipao clip]].\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Upon258_qipao_clip"],"tags":[]},{"slug":"Kaien_Nuen","title":"Kaien Nuen","body_markdown":"**概念黁**, Kaien Nuen, is an independent artist. His YouTube channel describes him as a rapper and conceptualist. On Douyin the account 概念黁 lists an IP in Japan and says he is studying English.\n\nHe released [[Kung Fu Jumpstyle]] on 28 April 2026 and described it as Chinese imagery set against Brazilian funk. The phonogram and composition copyright on that recording are in his own name.\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"b987d2bc-90d6-4828-a1d1-9b02b3aaf05f","title":"Kaien Nuen","body_markdown":"**概念黁**, Kaien Nuen, is an independent artist. His YouTube channel describes him as a rapper and conceptualist. On Douyin the account 概念黁 lists an IP in Japan and says he is studying English.\n\nHe released [[Kung Fu Jumpstyle]] on 28 April 2026 and described it as Chinese imagery set against Brazilian funk. The phonogram and composition copyright on that recording are in his own name.\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Kung_Fu_Jumpstyle"],"tags":[]},{"slug":"Kung_Fu_Jumpstyle","title":"Kung Fu Jumpstyle","body_markdown":"**Kung Fu Jumpstyle** (“学功夫，练武术”) is a recording by [[Kaien Nuen]]. Store pages date the release to 28 April 2026. The original is about 1 minute 38 seconds, at jumpstyle tempo\n\n$$\n140 \\text{ BPM}\n$$\n\nSlowed and sped-up versions went out in the same delivery. Spotify shows © 2026 Kaien Nuen and ℗ 2026 Kaien Nuen. No outside label owns the master.\n\n## Who worked on it\n\n| Role | Name |\n| --- | --- |\n| Artist, lyrics, composition copyright | [[Kaien Nuen]] |\n| Studio producer and vocal | [[Lunyue Chang]] |\n| Vocal | Tong Chen (陈彤 Ruby) |\n| Mixing engineer | [[Christian Sagum]] |\n| Distributor | [[DistroKid]] |\n\n[[Kaien Nuen]] wrote on Douyin that he had no team, paid for the video himself, and did the concept, arrangement, lyrics, composition, and recording. The store credits still name the producer, the second vocal, and the mixer.\n\n## Companies that were not on this record\n\n[[DistroKid]] delivered the files to YouTube. It is not the copyright owner. **0to8** is the copyright line on a different Kaien release, *MIDU KAWAI JUMPSTYLE*. **NWS Music Group** holds an exclusive license on *GGEZ*, a later release. **Livin'TheConcept** shows up on other catalog entries. Some lyric dumps add “编曲: CHAUNCEY”. That name is not on the DistroKid, Spotify, or YouTube credit block, and it does not resolve to a company.\n\nThe official video is [on Kaien's channel](https://www.youtube.com/watch?v=WzA4MEOLnvk). The Spotify track is [28cDUeuUXnY0ZhC2mPgE27](https://open.spotify.com/track/28cDUeuUXnY0ZhC2mPgE27). The [[Upon258 qipao clip]] quotes the hook.\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"939c393d-9a3f-4cc2-bf05-7a0a9c12b24e","title":"Kung Fu Jumpstyle","body_markdown":"**Kung Fu Jumpstyle** (“学功夫，练武术”) is a recording by [[Kaien Nuen]]. Store pages date the release to 28 April 2026. The original is about 1 minute 38 seconds, at jumpstyle tempo\n\n$$\n140 \\text{ BPM}\n$$\n\nSlowed and sped-up versions went out in the same delivery. Spotify shows © 2026 Kaien Nuen and ℗ 2026 Kaien Nuen. No outside label owns the master.\n\n## Who worked on it\n\n| Role | Name |\n| --- | --- |\n| Artist, lyrics, composition copyright | [[Kaien Nuen]] |\n| Studio producer and vocal | [[Lunyue Chang]] |\n| Vocal | Tong Chen (陈彤 Ruby) |\n| Mixing engineer | [[Christian Sagum]] |\n| Distributor | [[DistroKid]] |\n\n[[Kaien Nuen]] wrote on Douyin that he had no team, paid for the video himself, and did the concept, arrangement, lyrics, composition, and recording. The store credits still name the producer, the second vocal, and the mixer.\n\n## Companies that were not on this record\n\n[[DistroKid]] delivered the files to YouTube. It is not the copyright owner. **0to8** is the copyright line on a different Kaien release, *MIDU KAWAI JUMPSTYLE*. **NWS Music Group** holds an exclusive license on *GGEZ*, a later release. **Livin'TheConcept** shows up on other catalog entries. Some lyric dumps add “编曲: CHAUNCEY”. That name is not on the DistroKid, Spotify, or YouTube credit block, and it does not resolve to a company.\n\nThe official video is [on Kaien's channel](https://www.youtube.com/watch?v=WzA4MEOLnvk). The Spotify track is [28cDUeuUXnY0ZhC2mPgE27](https://open.spotify.com/track/28cDUeuUXnY0ZhC2mPgE27). The [[Upon258 qipao clip]] quotes the hook.\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Kaien_Nuen","Lunyue_Chang","Christian_Sagum","DistroKid","Upon258_qipao_clip"],"tags":[]},{"slug":"Local_copy","title":"Local copy","body_markdown":"This page was imported from a portable wiki database. The trace is [[Upon258 qipao clip]].\n\nThe stored ratio is $1054/1920$.","updated_at":"2026-10-29T03:00:00.000Z","updated_by":"local","revisions":[{"id":"a21a41c0-7f8c-4057-b807-d77187318642","title":"Local copy","body_markdown":"This page was imported from a portable wiki database. The trace is [[Upon258 qipao clip]].\n\nThe stored ratio is $1054/1920$.","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T03:00:00.000Z"},{"id":"local-copy0001","title":"Local copy","body_markdown":"This page was imported from a portable wiki database.","editor":"local","note":"Imported from a local database","created_at":"2026-10-29T03:00:00.000Z"}],"links":["Upon258_qipao_clip"],"tags":[]},{"slug":"Lunyue_Chang","title":"Lunyue Chang","body_markdown":"**Lunyue Chang** is credited as studio producer and vocal on [[Kung Fu Jumpstyle]]. He is a person, not a company, and a recurring songwriter and producer on other [[Kaien Nuen]] tracks, including *CHAMADA*, *MONTAGEM MIDU*, and *Time Zone*.\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"745e8145-fb8f-4ea0-8e22-86b2d33b9e63","title":"Lunyue Chang","body_markdown":"**Lunyue Chang** is credited as studio producer and vocal on [[Kung Fu Jumpstyle]]. He is a person, not a company, and a recurring songwriter and producer on other [[Kaien Nuen]] tracks, including *CHAMADA*, *MONTAGEM MIDU*, and *Time Zone*.\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Kung_Fu_Jumpstyle","Kaien_Nuen"],"tags":[]},{"slug":"Main_Page","title":"Main Page","body_markdown":"Investigation Desk is a public wiki of source traces. Pages are written in Markdown. A link written as `[[Page title]]` points at another page on this wiki. A missing page is a red link, and opening it creates the page.\n\n## Current investigations\n\n* [[Upon258 qipao clip]] — the 28 October 2026 post by @upon258, the file X hosts, and the song in the caption.\n* [[Kung Fu Jumpstyle]] — the recording, and the companies that did and did not touch it.\n* [[Kaien Nuen]] — the artist who released that recording.\n\n## Editing\n\nChoose **Edit** on any page, or start one from the box below. Math uses TeX between dollar signs. Inline: `$140$`. Display:\n\n$$\n\\frac{1054}{1920}\n$$\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"local-37b32559-7846-44d6-88b7-4e2e45712858","title":"Main Page","body_markdown":"This is a local Investigation Desk wiki. Add one page per investigation. Link another page with [[Page title]]. Math uses $...$ or $$...$$.\n","editor":"local","note":"Started the local wiki","created_at":"2020-01-01T00:00:00.000Z"},{"id":"51adba7c-4af9-46af-8301-3365a242167e","title":"Main Page","body_markdown":"Investigation Desk is a public wiki of source traces. Pages are written in Markdown. A link written as `[[Page title]]` points at another page on this wiki. A missing page is a red link, and opening it creates the page.\n\n## Current investigations\n\n* [[Upon258 qipao clip]] — the 28 October 2026 post by @upon258, the file X hosts, and the song in the caption.\n* [[Kung Fu Jumpstyle]] — the recording, and the companies that did and did not touch it.\n* [[Kaien Nuen]] — the artist who released that recording.\n\n## Editing\n\nChoose **Edit** on any page, or start one from the box below. Math uses TeX between dollar signs. Inline: `$140$`. Display:\n\n$$\n\\frac{1054}{1920}\n$$\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Upon258_qipao_clip","Kung_Fu_Jumpstyle","Kaien_Nuen"],"tags":[]},{"slug":"Media","title":"Media","body_markdown":"Stored files appear on the page.\n\n[[File:desk-pixel.png|pixel]]\n","updated_at":"2026-10-29T00:34:15.989Z","updated_by":"user:operator","revisions":[{"id":"19195de3-0dee-435a-9233-862fe4f15340","title":"Media","body_markdown":"Stored files appear on the page.\n\n[[File:desk-pixel.png|pixel]]\n","editor":"ip:159.26.99.143","note":"Show stored media","created_at":"2026-10-29T00:23:13.799Z"},{"id":"61a14216-93de-4dee-8c00-0e57c0634821","title":"Media","body_markdown":"Stored files appear on the page.\n\n[[File:desk-pixel.png|pixel]]\n","editor":"user:operator","note":"Administrator edit check","created_at":"2026-10-29T00:34:15.989Z"}],"links":[],"tags":[]},{"slug":"Nickelodeon_Animation_Studio","title":"Nickelodeon Animation Studio","body_markdown":"Nickelodeon Animation Studio is an animation label with a campus at 231 West Olive Avenue in Burbank and a second facility in New York. It is not a major theatrical studio and it does not own a backlot on the scale of [[Warner Bros. Studios Burbank]] or [[Walt Disney Studios Burbank]]. It is included because it is one of the largest production companies actually working in Burbank, and because its parent changed in 2025 and again in 2026.\n\n## Parent\n\nNickelodeon was part of Paramount's cable networks. Paramount combined with David Ellison's Skydance company in 2025. On 6 October 2026 that Paramount Skydance company closed the purchase of Warner Bros. Discovery and took the name [[Skydance]]. Nickelodeon's Burbank animation studio and the Warner lot are now under one parent. They were competitors for children's and family animation before that.\n\nA production directory updated in April and October 2026 described Nickelodeon Animation Studios as its own label inside CBS Studios, with Alec Botnick as president. That is a trade listing, not a Paramount organization exhibit. The corporate parent is not in doubt. The precise internal label name should be checked against a company release before it is treated as permanent.\n\n## What it makes\n\nThe studio, begun in 1992 as Games Animation, has made series including SpongeBob SquarePants, Rugrats, Avatar: The Last Airbender, The Fairly OddParents, and The Loud House. A 2026 listing described a 72,000-square-foot Burbank campus. Series from the studio have been licensed to Paramount+, Netflix, and the Nickelodeon channels. Those licensing deals are ordinary distribution contracts. They are not the exclusive actor contracts of the old studio system, which are described on [[Studio exclusive contracts]].\n\n## What is not public\n\nNickelodeon Animation does not file its own financial statements. Its revenue is inside Skydance's networks and studios totals. No separate Burbank profit was found in the Warner Bros. Discovery 10-K, and the combined Skydance 10-K for a period after 6 October 2026 does not yet exist.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"cfb8cdfa-cc7e-4710-a0b1-e074776aea64","title":"Nickelodeon Animation Studio","body_markdown":"Nickelodeon Animation Studio is an animation label with a campus at 231 West Olive Avenue in Burbank and a second facility in New York. It is not a major theatrical studio and it does not own a backlot on the scale of [[Warner Bros. Studios Burbank]] or [[Walt Disney Studios Burbank]]. It is included because it is one of the largest production companies actually working in Burbank, and because its parent changed in 2025 and again in 2026.\n\n## Parent\n\nNickelodeon was part of Paramount's cable networks. Paramount combined with David Ellison's Skydance company in 2025. On 6 October 2026 that Paramount Skydance company closed the purchase of Warner Bros. Discovery and took the name [[Skydance]]. Nickelodeon's Burbank animation studio and the Warner lot are now under one parent. They were competitors for children's and family animation before that.\n\nA production directory updated in April and October 2026 described Nickelodeon Animation Studios as its own label inside CBS Studios, with Alec Botnick as president. That is a trade listing, not a Paramount organization exhibit. The corporate parent is not in doubt. The precise internal label name should be checked against a company release before it is treated as permanent.\n\n## What it makes\n\nThe studio, begun in 1992 as Games Animation, has made series including SpongeBob SquarePants, Rugrats, Avatar: The Last Airbender, The Fairly OddParents, and The Loud House. A 2026 listing described a 72,000-square-foot Burbank campus. Series from the studio have been licensed to Paramount+, Netflix, and the Nickelodeon channels. Those licensing deals are ordinary distribution contracts. They are not the exclusive actor contracts of the old studio system, which are described on [[Studio exclusive contracts]].\n\n## What is not public\n\nNickelodeon Animation does not file its own financial statements. Its revenue is inside Skydance's networks and studios totals. No separate Burbank profit was found in the Warner Bros. Discovery 10-K, and the combined Skydance 10-K for a period after 6 October 2026 does not yet exist.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:35.191Z"},{"id":"local-ef1377a9-d27a-4754-a88d-c57531fc7453","title":"Nickelodeon Animation Studio","body_markdown":"Nickelodeon Animation Studio is an animation label with a campus at 231 West Olive Avenue in Burbank and a second facility in New York. It is not a major theatrical studio and it does not own a backlot on the scale of [[Warner Bros. Studios Burbank]] or [[Walt Disney Studios Burbank]]. It is included because it is one of the largest production companies actually working in Burbank, and because its parent changed in 2025 and again in 2026.\n\n## Parent\n\nNickelodeon was part of Paramount's cable networks. Paramount combined with David Ellison's Skydance company in 2025. On 6 October 2026 that Paramount Skydance company closed the purchase of Warner Bros. Discovery and took the name [[Skydance]]. Nickelodeon's Burbank animation studio and the Warner lot are now under one parent. They were competitors for children's and family animation before that.\n\nA production directory updated in April and October 2026 described Nickelodeon Animation Studios as its own label inside CBS Studios, with Alec Botnick as president. That is a trade listing, not a Paramount organization exhibit. The corporate parent is not in doubt. The precise internal label name should be checked against a company release before it is treated as permanent.\n\n## What it makes\n\nThe studio, begun in 1992 as Games Animation, has made series including SpongeBob SquarePants, Rugrats, Avatar: The Last Airbender, The Fairly OddParents, and The Loud House. A 2026 listing described a 72,000-square-foot Burbank campus. Series from the studio have been licensed to Paramount+, Netflix, and the Nickelodeon channels. Those licensing deals are ordinary distribution contracts. They are not the exclusive actor contracts of the old studio system, which are described on [[Studio exclusive contracts]].\n\n## What is not public\n\nNickelodeon Animation does not file its own financial statements. Its revenue is inside Skydance's networks and studios totals. No separate Burbank profit was found in the Warner Bros. Discovery 10-K, and the combined Skydance 10-K for a period after 6 October 2026 does not yet exist.\n","editor":"local","note":"Burbank animation campus and parent","created_at":"2026-10-29T00:47:35.191Z"},{"id":"8ab7d24c-f051-4c18-a98f-0fc4223a4b38","title":"Nickelodeon Animation Studio","body_markdown":"Nickelodeon Animation Studio is an animation label with a campus at 231 West Olive Avenue in Burbank and a second facility in New York. It is not a major theatrical studio and it does not own a backlot on the scale of [[Warner Bros. Studios Burbank]] or [[Walt Disney Studios Burbank]]. It is included because it is one of the largest production companies actually working in Burbank, and because its parent changed in 2025 and again in 2026.\n\n## Parent\n\nNickelodeon was part of Paramount's cable networks. Paramount combined with David Ellison's Skydance company in 2025. On 6 October 2026 that Paramount Skydance company closed the purchase of Warner Bros. Discovery and took the name [[Skydance]]. Nickelodeon's Burbank animation studio and the Warner lot are now under one parent. They were competitors for children's and family animation before that.\n\nA production directory updated in April and October 2026 described Nickelodeon Animation Studios as its own label inside CBS Studios, with Alec Botnick as president. That is a trade listing, not a Paramount organization exhibit. The corporate parent is not in doubt. The precise internal label name should be checked against a company release before it is treated as permanent.\n\n## What it makes\n\nThe studio, begun in 1992 as Games Animation, has made series including SpongeBob SquarePants, Rugrats, Avatar: The Last Airbender, The Fairly OddParents, and The Loud House. A 2026 listing described a 72,000-square-foot Burbank campus. Series from the studio have been licensed to Paramount+, Netflix, and the Nickelodeon channels. Those licensing deals are ordinary distribution contracts. They are not the exclusive actor contracts of the old studio system, which are described on [[Studio exclusive contracts]].\n\n## What is not public\n\nNickelodeon Animation does not file its own financial statements. Its revenue is inside Skydance's networks and studios totals. No separate Burbank profit was found in the Warner Bros. Discovery 10-K, and the combined Skydance 10-K for a period after 6 October 2026 does not yet exist.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Warner_Bros._Studios_Burbank","Walt_Disney_Studios_Burbank","Skydance","Studio_exclusive_contracts"],"tags":["burbank","corporate-structure"]},{"slug":"Sandbox","title":"Sandbox","body_markdown":"This scratch page links to [[Upon258 qipao clip]]. The file ratio is $1054/1920$.","updated_at":"2026-10-28T23:42:32.027Z","updated_by":"ip:159.26.99.143","revisions":[{"id":"7a1abd19-9186-4a39-b84e-5453d877bb6f","title":"Sandbox","body_markdown":"This scratch page links to [[Upon258 qipao clip]]. The file ratio is $1054/1920$.","editor":"ip:159.26.99.143","note":"Show the editor","created_at":"2026-10-28T23:42:32.027Z"}],"links":["Upon258_qipao_clip"],"tags":[]},{"slug":"Skydance","title":"Skydance","body_markdown":"Skydance is the public company formed on 6 October 2026 when Paramount Skydance completed its purchase of Warner Bros. Discovery. It is the owner of [[Warner Bros. Studios Burbank]] and, through Paramount, of [[Nickelodeon Animation Studio]] in Burbank. Its other principal lot, Paramount Pictures, is in Los Angeles, not Burbank.\n\n## The close\n\nContemporaneous reports in The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap described a price of about $110 billion. Ars Technica reported $111 billion. The Los Angeles Times, carried by SFGate, described the same closing and said the combined company carried more than $80 billion of debt after paying Warner Bros. Discovery shareholders about $31.17 a share. Yahoo Finance reported the board, in February 2026, had judged a roughly $31-a-share bid for the whole company superior to Netflix's earlier agreement. Netflix's deal had been for the studios and streaming business and would have left the cable networks behind. Paramount's deal took the whole company.\n\nThe shares trade as SKYD. David Ellison, who had merged his Skydance production company into Paramount in 2025, and Ynon Kreiz, formerly chief executive of Mattel, were named to lead the combined company. Casey Bloys was described as adding Paramount+ to his HBO content role. Reports said the former Warner Bros. Pictures chiefs Michael De Luca and Pam Abdy were out, and that Paramount film executives Josh Greenstein and Dana Goldberg would oversee both film studios. James Gunn was reported as still at DC Studios. Those executive assignments are news reports, not an SEC organization chart read for this page.\n\nTechCrunch said the company described nearly $70 billion of annual revenue on a combined basis. That is a company statement reported by the press, not an audited combined 10-K. Warner Bros. Discovery's own 2025 revenue was $37.296 billion. Paramount's separate 2025 revenue was not re-added from a filing in this pass.\n\n## What Burbank is inside the new company\n\nThe Burbank assets are the Warner film and television studios, DC, Cartoon Network Studios, and the Warner lot and Ranch, plus Nickelodeon's animation campus. CBS, Paramount Pictures, MTV, Comedy Central, HBO, CNN, TNT, and the streaming services are part of the same parent and are not Burbank lots.\n\n## Antitrust conditions that touch the lot\n\nTwelve states and the Writers Guild sued to block the deal. Justice Elena Kagan denied an emergency application to stop the closing. CBS News reported a settlement term that bars selling or closing the Paramount and Warner Bros. lots for at least five years and a pledge of 30 films in each of the first two years. TheWrap reported at least 30 films a year and $1.5 billion of domestic production spending over five years. Both are descriptions of the settlement. The agreement's text was not reviewed here.\n\n## Earlier corporate line\n\nThe Warner side of this company is the line on [[Warner Bros. Studios Burbank]]: Kinney in 1969, Time Warner in 1990, AOL in 2001, AT&T in 2018, Discovery in 2022, Skydance in 2026. The Paramount side had its own sale, from National Amusements and the Redstone family into the 2025 combination with Ellison's Skydance, before this second deal. That 2025 Paramount combination is not restated from the merger proxy in this pass.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"7904a5ba-3028-4d00-9bed-74f4a921bbca","title":"Skydance","body_markdown":"Skydance is the public company formed on 6 October 2026 when Paramount Skydance completed its purchase of Warner Bros. Discovery. It is the owner of [[Warner Bros. Studios Burbank]] and, through Paramount, of [[Nickelodeon Animation Studio]] in Burbank. Its other principal lot, Paramount Pictures, is in Los Angeles, not Burbank.\n\n## The close\n\nContemporaneous reports in The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap described a price of about $110 billion. Ars Technica reported $111 billion. The Los Angeles Times, carried by SFGate, described the same closing and said the combined company carried more than $80 billion of debt after paying Warner Bros. Discovery shareholders about $31.17 a share. Yahoo Finance reported the board, in February 2026, had judged a roughly $31-a-share bid for the whole company superior to Netflix's earlier agreement. Netflix's deal had been for the studios and streaming business and would have left the cable networks behind. Paramount's deal took the whole company.\n\nThe shares trade as SKYD. David Ellison, who had merged his Skydance production company into Paramount in 2025, and Ynon Kreiz, formerly chief executive of Mattel, were named to lead the combined company. Casey Bloys was described as adding Paramount+ to his HBO content role. Reports said the former Warner Bros. Pictures chiefs Michael De Luca and Pam Abdy were out, and that Paramount film executives Josh Greenstein and Dana Goldberg would oversee both film studios. James Gunn was reported as still at DC Studios. Those executive assignments are news reports, not an SEC organization chart read for this page.\n\nTechCrunch said the company described nearly $70 billion of annual revenue on a combined basis. That is a company statement reported by the press, not an audited combined 10-K. Warner Bros. Discovery's own 2025 revenue was $37.296 billion. Paramount's separate 2025 revenue was not re-added from a filing in this pass.\n\n## What Burbank is inside the new company\n\nThe Burbank assets are the Warner film and television studios, DC, Cartoon Network Studios, and the Warner lot and Ranch, plus Nickelodeon's animation campus. CBS, Paramount Pictures, MTV, Comedy Central, HBO, CNN, TNT, and the streaming services are part of the same parent and are not Burbank lots.\n\n## Antitrust conditions that touch the lot\n\nTwelve states and the Writers Guild sued to block the deal. Justice Elena Kagan denied an emergency application to stop the closing. CBS News reported a settlement term that bars selling or closing the Paramount and Warner Bros. lots for at least five years and a pledge of 30 films in each of the first two years. TheWrap reported at least 30 films a year and $1.5 billion of domestic production spending over five years. Both are descriptions of the settlement. The agreement's text was not reviewed here.\n\n## Earlier corporate line\n\nThe Warner side of this company is the line on [[Warner Bros. Studios Burbank]]: Kinney in 1969, Time Warner in 1990, AOL in 2001, AT&T in 2018, Discovery in 2022, Skydance in 2026. The Paramount side had its own sale, from National Amusements and the Redstone family into the 2025 combination with Ellison's Skydance, before this second deal. That 2025 Paramount combination is not restated from the merger proxy in this pass.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:35.023Z"},{"id":"local-1c99eb7c-dff1-4972-a557-6501512c2425","title":"Skydance","body_markdown":"Skydance is the public company formed on 6 October 2026 when Paramount Skydance completed its purchase of Warner Bros. Discovery. It is the owner of [[Warner Bros. Studios Burbank]] and, through Paramount, of [[Nickelodeon Animation Studio]] in Burbank. Its other principal lot, Paramount Pictures, is in Los Angeles, not Burbank.\n\n## The close\n\nContemporaneous reports in The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap described a price of about $110 billion. Ars Technica reported $111 billion. The Los Angeles Times, carried by SFGate, described the same closing and said the combined company carried more than $80 billion of debt after paying Warner Bros. Discovery shareholders about $31.17 a share. Yahoo Finance reported the board, in February 2026, had judged a roughly $31-a-share bid for the whole company superior to Netflix's earlier agreement. Netflix's deal had been for the studios and streaming business and would have left the cable networks behind. Paramount's deal took the whole company.\n\nThe shares trade as SKYD. David Ellison, who had merged his Skydance production company into Paramount in 2025, and Ynon Kreiz, formerly chief executive of Mattel, were named to lead the combined company. Casey Bloys was described as adding Paramount+ to his HBO content role. Reports said the former Warner Bros. Pictures chiefs Michael De Luca and Pam Abdy were out, and that Paramount film executives Josh Greenstein and Dana Goldberg would oversee both film studios. James Gunn was reported as still at DC Studios. Those executive assignments are news reports, not an SEC organization chart read for this page.\n\nTechCrunch said the company described nearly $70 billion of annual revenue on a combined basis. That is a company statement reported by the press, not an audited combined 10-K. Warner Bros. Discovery's own 2025 revenue was $37.296 billion. Paramount's separate 2025 revenue was not re-added from a filing in this pass.\n\n## What Burbank is inside the new company\n\nThe Burbank assets are the Warner film and television studios, DC, Cartoon Network Studios, and the Warner lot and Ranch, plus Nickelodeon's animation campus. CBS, Paramount Pictures, MTV, Comedy Central, HBO, CNN, TNT, and the streaming services are part of the same parent and are not Burbank lots.\n\n## Antitrust conditions that touch the lot\n\nTwelve states and the Writers Guild sued to block the deal. Justice Elena Kagan denied an emergency application to stop the closing. CBS News reported a settlement term that bars selling or closing the Paramount and Warner Bros. lots for at least five years and a pledge of 30 films in each of the first two years. TheWrap reported at least 30 films a year and $1.5 billion of domestic production spending over five years. Both are descriptions of the settlement. The agreement's text was not reviewed here.\n\n## Earlier corporate line\n\nThe Warner side of this company is the line on [[Warner Bros. Studios Burbank]]: Kinney in 1969, Time Warner in 1990, AOL in 2001, AT&T in 2018, Discovery in 2022, Skydance in 2026. The Paramount side had its own sale, from National Amusements and the Redstone family into the 2025 combination with Ellison's Skydance, before this second deal. That 2025 Paramount combination is not restated from the merger proxy in this pass.\n","editor":"local","note":"6 October 2026 close and what it owns in Burbank","created_at":"2026-10-29T00:47:35.023Z"},{"id":"6fbed115-cd5a-4432-8eaa-e1c278e0d674","title":"Skydance","body_markdown":"Skydance is the public company formed on 6 October 2026 when Paramount Skydance completed its purchase of Warner Bros. Discovery. It is the owner of [[Warner Bros. Studios Burbank]] and, through Paramount, of [[Nickelodeon Animation Studio]] in Burbank. Its other principal lot, Paramount Pictures, is in Los Angeles, not Burbank.\n\n## The close\n\nContemporaneous reports in The Washington Post, CBS News, Forbes, TechCrunch, and TheWrap described a price of about $110 billion. Ars Technica reported $111 billion. The Los Angeles Times, carried by SFGate, described the same closing and said the combined company carried more than $80 billion of debt after paying Warner Bros. Discovery shareholders about $31.17 a share. Yahoo Finance reported the board, in February 2026, had judged a roughly $31-a-share bid for the whole company superior to Netflix's earlier agreement. Netflix's deal had been for the studios and streaming business and would have left the cable networks behind. Paramount's deal took the whole company.\n\nThe shares trade as SKYD. David Ellison, who had merged his Skydance production company into Paramount in 2025, and Ynon Kreiz, formerly chief executive of Mattel, were named to lead the combined company. Casey Bloys was described as adding Paramount+ to his HBO content role. Reports said the former Warner Bros. Pictures chiefs Michael De Luca and Pam Abdy were out, and that Paramount film executives Josh Greenstein and Dana Goldberg would oversee both film studios. James Gunn was reported as still at DC Studios. Those executive assignments are news reports, not an SEC organization chart read for this page.\n\nTechCrunch said the company described nearly $70 billion of annual revenue on a combined basis. That is a company statement reported by the press, not an audited combined 10-K. Warner Bros. Discovery's own 2025 revenue was $37.296 billion. Paramount's separate 2025 revenue was not re-added from a filing in this pass.\n\n## What Burbank is inside the new company\n\nThe Burbank assets are the Warner film and television studios, DC, Cartoon Network Studios, and the Warner lot and Ranch, plus Nickelodeon's animation campus. CBS, Paramount Pictures, MTV, Comedy Central, HBO, CNN, TNT, and the streaming services are part of the same parent and are not Burbank lots.\n\n## Antitrust conditions that touch the lot\n\nTwelve states and the Writers Guild sued to block the deal. Justice Elena Kagan denied an emergency application to stop the closing. CBS News reported a settlement term that bars selling or closing the Paramount and Warner Bros. lots for at least five years and a pledge of 30 films in each of the first two years. TheWrap reported at least 30 films a year and $1.5 billion of domestic production spending over five years. Both are descriptions of the settlement. The agreement's text was not reviewed here.\n\n## Earlier corporate line\n\nThe Warner side of this company is the line on [[Warner Bros. Studios Burbank]]: Kinney in 1969, Time Warner in 1990, AOL in 2001, AT&T in 2018, Discovery in 2022, Skydance in 2026. The Paramount side had its own sale, from National Amusements and the Redstone family into the 2025 combination with Ellison's Skydance, before this second deal. That 2025 Paramount combination is not restated from the merger proxy in this pass.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Warner_Bros._Studios_Burbank","Nickelodeon_Animation_Studio"],"tags":["burbank","corporate-structure","mergers","skydance"]},{"slug":"Sources","title":"Sources","body_markdown":"Sources for the [[Burbank studios]] pages. Each item is something this pass actually used. Pages say so when a number comes from a news report rather than a filing.\n\n## Filings and company releases\n\n* Warner Bros. Discovery, earnings release for the quarter and year ended 31 December 2025, 26 February 2026, wbd.com. Company revenue $37.296 billion, Studios revenue $12.619 billion, net income available $727 million.\n* Warner Bros. Discovery, Form 10-K for the year ended 31 December 2025, filed 27 February 2026. Segment definitions and the Studios content-revenue discussion. The filing still described a proposed Paramount Skydance transaction. It predates the 6 October 2026 close.\n* The Walt Disney Company, earnings release for the year ended 27 September 2025, datelined Burbank. Entertainment, Sports, and Experiences revenue and operating income, and the Entertainment lines for linear networks, direct-to-consumer, and content sales.\n* Disney Form 10-K segment and revenue-disaggregation tables for the year ended 27 September 2025, including theatrical distribution licensing of $2.592 billion.\n\n## The October 2026 combination\n\n* The Washington Post, 6 October 2026, Paramount closes its deal with Warner Bros. Discovery.\n* CBS News, 6 October 2026, including the reported bar on selling or closing the Paramount and Warner lots and the 30-film pledge.\n* Forbes, TechCrunch, The Verge, and TheWrap, 6 October 2026, on the close, the Skydance name, and the ticker SKYD.\n* Ars Technica, 6 October 2026, reporting the price as $111 billion rather than $110 billion.\n* SFGate / Los Angeles Times, 7 October 2026, on debt above $80 billion and consideration near $31.17 a share.\n* Yahoo Finance, 6 October 2026, on the February 2026 board decision and the Netflix bid that did not take the cable networks.\n\n## Lots and the city\n\n* Warner Bros. Studios Burbank, historical account of the 1926 First National lot and the 1972 Columbia joint venture.\n* The Hollywood Reporter, 18 March 2026, Winston Cho, on the Ranch Lot opening and the count of stages, including four at The Burbank Studios.\n* Worthe / theburbankstudios.com, landlord description of the independent campus.\n* The Burbank Leader / Outlook Newspapers, 24 October 2026, on SuperCinema's announced campus.\n* myBurbank, 20 October 2026, on the Media District Specific Plan and the Disney, Warner, and Burbank Studios anchors.\n* Production List, October 2026, address and parent-label description for Nickelodeon Animation Studio at 231 West Olive Avenue. Treated as a directory, not a filing.\n\n## Older deals and contracts\n\n* Associated Press, 24 January 2006, Disney's $7.4 billion Pixar agreement.\n* Variety, December 2009, and contemporary SEC-based reporting, on the Marvel negotiation and the $4 billion announcement.\n* Disney and 21st Century Fox joint announcement materials, June 2018, $71.3 billion equity value and assumed debt, and the March 2019 closing recorded in Disney acquisition lists.\n* Capital Cities/ABC closing, 9 February 1996, $19 billion, as recorded in standard acquisition lists.\n* De Havilland v. Warner Bros. Pictures, California Court of Appeal, 1944, the seven-year limit.\n* United States v. Paramount Pictures, Inc., 334 U.S. 131 (1948).\n\n## Not used as fact\n\nCommercial contact databases that rank \"studios in Burbank\" by employee guesses were not used for ownership or revenue. Map listings that still describe Disney in the old four-segment structure were not used for the 2025 accounts. Star overall-deal dollar figures in the trades were not copied.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"local-cb56af58-c5eb-4fe1-8df9-49c8fdff5e1d","title":"Sources","body_markdown":"Primary sources for this investigation.\n\nRecord the URL, what it shows, and what it does not show.\n","editor":"local","note":"Started the investigation","created_at":"2026-10-29T00:44:29.380Z"},{"id":"47d05b57-2afe-4e49-90ff-f9b59a0a9cd8","title":"Sources","body_markdown":"Sources for the [[Burbank studios]] pages. Each item is something this pass actually used. Pages say so when a number comes from a news report rather than a filing.\n\n## Filings and company releases\n\n* Warner Bros. Discovery, earnings release for the quarter and year ended 31 December 2025, 26 February 2026, wbd.com. Company revenue $37.296 billion, Studios revenue $12.619 billion, net income available $727 million.\n* Warner Bros. Discovery, Form 10-K for the year ended 31 December 2025, filed 27 February 2026. Segment definitions and the Studios content-revenue discussion. The filing still described a proposed Paramount Skydance transaction. It predates the 6 October 2026 close.\n* The Walt Disney Company, earnings release for the year ended 27 September 2025, datelined Burbank. Entertainment, Sports, and Experiences revenue and operating income, and the Entertainment lines for linear networks, direct-to-consumer, and content sales.\n* Disney Form 10-K segment and revenue-disaggregation tables for the year ended 27 September 2025, including theatrical distribution licensing of $2.592 billion.\n\n## The October 2026 combination\n\n* The Washington Post, 6 October 2026, Paramount closes its deal with Warner Bros. Discovery.\n* CBS News, 6 October 2026, including the reported bar on selling or closing the Paramount and Warner lots and the 30-film pledge.\n* Forbes, TechCrunch, The Verge, and TheWrap, 6 October 2026, on the close, the Skydance name, and the ticker SKYD.\n* Ars Technica, 6 October 2026, reporting the price as $111 billion rather than $110 billion.\n* SFGate / Los Angeles Times, 7 October 2026, on debt above $80 billion and consideration near $31.17 a share.\n* Yahoo Finance, 6 October 2026, on the February 2026 board decision and the Netflix bid that did not take the cable networks.\n\n## Lots and the city\n\n* Warner Bros. Studios Burbank, historical account of the 1926 First National lot and the 1972 Columbia joint venture.\n* The Hollywood Reporter, 18 March 2026, Winston Cho, on the Ranch Lot opening and the count of stages, including four at The Burbank Studios.\n* Worthe / theburbankstudios.com, landlord description of the independent campus.\n* The Burbank Leader / Outlook Newspapers, 24 October 2026, on SuperCinema's announced campus.\n* myBurbank, 20 October 2026, on the Media District Specific Plan and the Disney, Warner, and Burbank Studios anchors.\n* Production List, October 2026, address and parent-label description for Nickelodeon Animation Studio at 231 West Olive Avenue. Treated as a directory, not a filing.\n\n## Older deals and contracts\n\n* Associated Press, 24 January 2006, Disney's $7.4 billion Pixar agreement.\n* Variety, December 2009, and contemporary SEC-based reporting, on the Marvel negotiation and the $4 billion announcement.\n* Disney and 21st Century Fox joint announcement materials, June 2018, $71.3 billion equity value and assumed debt, and the March 2019 closing recorded in Disney acquisition lists.\n* Capital Cities/ABC closing, 9 February 1996, $19 billion, as recorded in standard acquisition lists.\n* De Havilland v. Warner Bros. Pictures, California Court of Appeal, 1944, the seven-year limit.\n* United States v. Paramount Pictures, Inc., 334 U.S. 131 (1948).\n\n## Not used as fact\n\nCommercial contact databases that rank \"studios in Burbank\" by employee guesses were not used for ownership or revenue. Map listings that still describe Disney in the old four-segment structure were not used for the 2025 accounts. Star overall-deal dollar figures in the trades were not copied.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:35.653Z"},{"id":"local-5df89036-9a40-442a-b600-70da97108ae9","title":"Sources","body_markdown":"Sources for the [[Burbank studios]] pages. Each item is something this pass actually used. Pages say so when a number comes from a news report rather than a filing.\n\n## Filings and company releases\n\n* Warner Bros. Discovery, earnings release for the quarter and year ended 31 December 2025, 26 February 2026, wbd.com. Company revenue $37.296 billion, Studios revenue $12.619 billion, net income available $727 million.\n* Warner Bros. Discovery, Form 10-K for the year ended 31 December 2025, filed 27 February 2026. Segment definitions and the Studios content-revenue discussion. The filing still described a proposed Paramount Skydance transaction. It predates the 6 October 2026 close.\n* The Walt Disney Company, earnings release for the year ended 27 September 2025, datelined Burbank. Entertainment, Sports, and Experiences revenue and operating income, and the Entertainment lines for linear networks, direct-to-consumer, and content sales.\n* Disney Form 10-K segment and revenue-disaggregation tables for the year ended 27 September 2025, including theatrical distribution licensing of $2.592 billion.\n\n## The October 2026 combination\n\n* The Washington Post, 6 October 2026, Paramount closes its deal with Warner Bros. Discovery.\n* CBS News, 6 October 2026, including the reported bar on selling or closing the Paramount and Warner lots and the 30-film pledge.\n* Forbes, TechCrunch, The Verge, and TheWrap, 6 October 2026, on the close, the Skydance name, and the ticker SKYD.\n* Ars Technica, 6 October 2026, reporting the price as $111 billion rather than $110 billion.\n* SFGate / Los Angeles Times, 7 October 2026, on debt above $80 billion and consideration near $31.17 a share.\n* Yahoo Finance, 6 October 2026, on the February 2026 board decision and the Netflix bid that did not take the cable networks.\n\n## Lots and the city\n\n* Warner Bros. Studios Burbank, historical account of the 1926 First National lot and the 1972 Columbia joint venture.\n* The Hollywood Reporter, 18 March 2026, Winston Cho, on the Ranch Lot opening and the count of stages, including four at The Burbank Studios.\n* Worthe / theburbankstudios.com, landlord description of the independent campus.\n* The Burbank Leader / Outlook Newspapers, 24 October 2026, on SuperCinema's announced campus.\n* myBurbank, 20 October 2026, on the Media District Specific Plan and the Disney, Warner, and Burbank Studios anchors.\n* Production List, October 2026, address and parent-label description for Nickelodeon Animation Studio at 231 West Olive Avenue. Treated as a directory, not a filing.\n\n## Older deals and contracts\n\n* Associated Press, 24 January 2006, Disney's $7.4 billion Pixar agreement.\n* Variety, December 2009, and contemporary SEC-based reporting, on the Marvel negotiation and the $4 billion announcement.\n* Disney and 21st Century Fox joint announcement materials, June 2018, $71.3 billion equity value and assumed debt, and the March 2019 closing recorded in Disney acquisition lists.\n* Capital Cities/ABC closing, 9 February 1996, $19 billion, as recorded in standard acquisition lists.\n* De Havilland v. Warner Bros. Pictures, California Court of Appeal, 1944, the seven-year limit.\n* United States v. Paramount Pictures, Inc., 334 U.S. 131 (1948).\n\n## Not used as fact\n\nCommercial contact databases that rank \"studios in Burbank\" by employee guesses were not used for ownership or revenue. Map listings that still describe Disney in the old four-segment structure were not used for the 2025 accounts. Star overall-deal dollar figures in the trades were not copied.\n","editor":"local","note":"Sources for the Burbank studio pages","created_at":"2026-10-29T00:47:35.653Z"},{"id":"18a09eec-1a6b-4c34-b9e2-d13fe60b69a6","title":"Sources","body_markdown":"Sources for the [[Burbank studios]] pages. Each item is something this pass actually used. Pages say so when a number comes from a news report rather than a filing.\n\n## Filings and company releases\n\n* Warner Bros. Discovery, earnings release for the quarter and year ended 31 December 2025, 26 February 2026, wbd.com. Company revenue $37.296 billion, Studios revenue $12.619 billion, net income available $727 million.\n* Warner Bros. Discovery, Form 10-K for the year ended 31 December 2025, filed 27 February 2026. Segment definitions and the Studios content-revenue discussion. The filing still described a proposed Paramount Skydance transaction. It predates the 6 October 2026 close.\n* The Walt Disney Company, earnings release for the year ended 27 September 2025, datelined Burbank. Entertainment, Sports, and Experiences revenue and operating income, and the Entertainment lines for linear networks, direct-to-consumer, and content sales.\n* Disney Form 10-K segment and revenue-disaggregation tables for the year ended 27 September 2025, including theatrical distribution licensing of $2.592 billion.\n\n## The October 2026 combination\n\n* The Washington Post, 6 October 2026, Paramount closes its deal with Warner Bros. Discovery.\n* CBS News, 6 October 2026, including the reported bar on selling or closing the Paramount and Warner lots and the 30-film pledge.\n* Forbes, TechCrunch, The Verge, and TheWrap, 6 October 2026, on the close, the Skydance name, and the ticker SKYD.\n* Ars Technica, 6 October 2026, reporting the price as $111 billion rather than $110 billion.\n* SFGate / Los Angeles Times, 7 October 2026, on debt above $80 billion and consideration near $31.17 a share.\n* Yahoo Finance, 6 October 2026, on the February 2026 board decision and the Netflix bid that did not take the cable networks.\n\n## Lots and the city\n\n* Warner Bros. Studios Burbank, historical account of the 1926 First National lot and the 1972 Columbia joint venture.\n* The Hollywood Reporter, 18 March 2026, Winston Cho, on the Ranch Lot opening and the count of stages, including four at The Burbank Studios.\n* Worthe / theburbankstudios.com, landlord description of the independent campus.\n* The Burbank Leader / Outlook Newspapers, 24 October 2026, on SuperCinema's announced campus.\n* myBurbank, 20 October 2026, on the Media District Specific Plan and the Disney, Warner, and Burbank Studios anchors.\n* Production List, October 2026, address and parent-label description for Nickelodeon Animation Studio at 231 West Olive Avenue. Treated as a directory, not a filing.\n\n## Older deals and contracts\n\n* Associated Press, 24 January 2006, Disney's $7.4 billion Pixar agreement.\n* Variety, December 2009, and contemporary SEC-based reporting, on the Marvel negotiation and the $4 billion announcement.\n* Disney and 21st Century Fox joint announcement materials, June 2018, $71.3 billion equity value and assumed debt, and the March 2019 closing recorded in Disney acquisition lists.\n* Capital Cities/ABC closing, 9 February 1996, $19 billion, as recorded in standard acquisition lists.\n* De Havilland v. Warner Bros. Pictures, California Court of Appeal, 1944, the seven-year limit.\n* United States v. Paramount Pictures, Inc., 334 U.S. 131 (1948).\n\n## Not used as fact\n\nCommercial contact databases that rank \"studios in Burbank\" by employee guesses were not used for ownership or revenue. Map listings that still describe Disney in the old four-segment structure were not used for the 2025 accounts. Star overall-deal dollar figures in the trades were not copied.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Burbank_studios"],"tags":["sources"]},{"slug":"Studio_exclusive_contracts","title":"Studio exclusive contracts","body_markdown":"The exclusive actor contract belongs to the old studio system. The companies that now own the Burbank lots still sign exclusive deals, but the legal object is different. A seven-year personal-services contract that the studio could suspend and extend is not the same thing as a two- or three-year overall deal, and it is not the same thing as Disney owning Marvel.\n\n## The studio system\n\nFrom the 1920s through the 1940s, Warner Bros., Paramount, MGM, RKO, and 20th Century Fox kept actors, directors, and writers under long-term exclusive contracts. The studio assigned the work, loaned the person to another studio, and could suspend the person without pay for refusing a role. Time on suspension was often added to the end of the term, so a seven-year contract could run longer than seven years.\n\nWarner Bros. in Burbank was a principal user of that system. Olivia de Havilland sued Warner Bros. over added suspension time. In 1944 the California courts held that a personal-services contract could not be enforced past seven calendar years. That decision, often called the De Havilland Law, stopped the extension practice. It did not abolish term contracts.\n\nIn 1948 the Supreme Court decided United States v. Paramount Pictures, Inc. The studios that owned theater chains had to separate production from exhibition, and block booking of films was barred. The economic reason for holding a large stock company under exclusive contract weakened after that. By the 1950s and 1960s stars were working picture by picture, through their own companies, or on shorter studio deals. Warner Bros. itself was sold to Kinney National in 1969, as the old contract studio was already gone.\n\n## What \"exclusive\" means now\n\nCurrent deals at [[Walt Disney Studios Burbank]] and [[Warner Bros. Studios Burbank]] are usually one of three kinds.\n\n* An overall deal: a producer or actor is exclusive to one studio for television or features during a term, in exchange for a guarantee and overhead. The person is not an employee for life, and the studio does not own the person's future outside the contract's scope.\n* A first-look deal: the studio sees the project first and may pass. Exclusivity is only for that first refusal.\n* An option or a holding deal on a single project.\n\nThe cash guarantee is almost never in the parent company's 10-K. Trade papers report round numbers. Those reports are not audited, and they go stale when a deal is renegotiated. This investigation does not repeat a list of star guarantees from the trades. A figure of that kind needs the contract or a filing.\n\nUnion agreements are public in a different way. SAG-AFTRA basic agreements set minimums, residuals, and some exclusivity rules for series regulars. They are industry-wide, not a Burbank studio's private contract. The 2023 SAG-AFTRA strike against the studios, including Disney and Warner Bros., was about those minimums, streaming residuals, and consent for artificial-intelligence replicas. It was not a return to the seven-year contract.\n\n## Ownership is not an actor contract\n\nWhen Disney bought Marvel, Lucasfilm, and the Fox film labels, it bought the companies and the copyrights. An actor who played a role in an earlier film was not placed under an exclusive Disney contract by the merger. A sequel can still depend on a new agreement with that actor. The same is true of the 6 October 2026 [[Skydance]] purchase of Warner Bros. Discovery. The DC and Harry Potter copyrights moved with the company. The actors did not.\n\nLoan-out companies are the ordinary modern form. The performer owns a corporation, and the corporation lends the performer's services to the studio for one picture or one series. Exclusivity, if any, is a clause in that loan-out, limited to the job.\n\n## What remains open\n\nA complete list of who is exclusive to Warner Bros. or Disney in October 2026 is not a public document. The studios treat the contracts as confidential. The public record supports the history above and the company-wide finances on [[Burbank studios]]. It does not support a roster of current exclusive actors with reliable prices.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"ea600ce8-8754-4c99-b8b4-2ffbbade5981","title":"Studio exclusive contracts","body_markdown":"The exclusive actor contract belongs to the old studio system. The companies that now own the Burbank lots still sign exclusive deals, but the legal object is different. A seven-year personal-services contract that the studio could suspend and extend is not the same thing as a two- or three-year overall deal, and it is not the same thing as Disney owning Marvel.\n\n## The studio system\n\nFrom the 1920s through the 1940s, Warner Bros., Paramount, MGM, RKO, and 20th Century Fox kept actors, directors, and writers under long-term exclusive contracts. The studio assigned the work, loaned the person to another studio, and could suspend the person without pay for refusing a role. Time on suspension was often added to the end of the term, so a seven-year contract could run longer than seven years.\n\nWarner Bros. in Burbank was a principal user of that system. Olivia de Havilland sued Warner Bros. over added suspension time. In 1944 the California courts held that a personal-services contract could not be enforced past seven calendar years. That decision, often called the De Havilland Law, stopped the extension practice. It did not abolish term contracts.\n\nIn 1948 the Supreme Court decided United States v. Paramount Pictures, Inc. The studios that owned theater chains had to separate production from exhibition, and block booking of films was barred. The economic reason for holding a large stock company under exclusive contract weakened after that. By the 1950s and 1960s stars were working picture by picture, through their own companies, or on shorter studio deals. Warner Bros. itself was sold to Kinney National in 1969, as the old contract studio was already gone.\n\n## What \"exclusive\" means now\n\nCurrent deals at [[Walt Disney Studios Burbank]] and [[Warner Bros. Studios Burbank]] are usually one of three kinds.\n\n* An overall deal: a producer or actor is exclusive to one studio for television or features during a term, in exchange for a guarantee and overhead. The person is not an employee for life, and the studio does not own the person's future outside the contract's scope.\n* A first-look deal: the studio sees the project first and may pass. Exclusivity is only for that first refusal.\n* An option or a holding deal on a single project.\n\nThe cash guarantee is almost never in the parent company's 10-K. Trade papers report round numbers. Those reports are not audited, and they go stale when a deal is renegotiated. This investigation does not repeat a list of star guarantees from the trades. A figure of that kind needs the contract or a filing.\n\nUnion agreements are public in a different way. SAG-AFTRA basic agreements set minimums, residuals, and some exclusivity rules for series regulars. They are industry-wide, not a Burbank studio's private contract. The 2023 SAG-AFTRA strike against the studios, including Disney and Warner Bros., was about those minimums, streaming residuals, and consent for artificial-intelligence replicas. It was not a return to the seven-year contract.\n\n## Ownership is not an actor contract\n\nWhen Disney bought Marvel, Lucasfilm, and the Fox film labels, it bought the companies and the copyrights. An actor who played a role in an earlier film was not placed under an exclusive Disney contract by the merger. A sequel can still depend on a new agreement with that actor. The same is true of the 6 October 2026 [[Skydance]] purchase of Warner Bros. Discovery. The DC and Harry Potter copyrights moved with the company. The actors did not.\n\nLoan-out companies are the ordinary modern form. The performer owns a corporation, and the corporation lends the performer's services to the studio for one picture or one series. Exclusivity, if any, is a clause in that loan-out, limited to the job.\n\n## What remains open\n\nA complete list of who is exclusive to Warner Bros. or Disney in October 2026 is not a public document. The studios treat the contracts as confidential. The public record supports the history above and the company-wide finances on [[Burbank studios]]. It does not support a roster of current exclusive actors with reliable prices.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:35.506Z"},{"id":"local-e307f2ad-2de0-48f1-a288-d35d6f0df61e","title":"Studio exclusive contracts","body_markdown":"The exclusive actor contract belongs to the old studio system. The companies that now own the Burbank lots still sign exclusive deals, but the legal object is different. A seven-year personal-services contract that the studio could suspend and extend is not the same thing as a two- or three-year overall deal, and it is not the same thing as Disney owning Marvel.\n\n## The studio system\n\nFrom the 1920s through the 1940s, Warner Bros., Paramount, MGM, RKO, and 20th Century Fox kept actors, directors, and writers under long-term exclusive contracts. The studio assigned the work, loaned the person to another studio, and could suspend the person without pay for refusing a role. Time on suspension was often added to the end of the term, so a seven-year contract could run longer than seven years.\n\nWarner Bros. in Burbank was a principal user of that system. Olivia de Havilland sued Warner Bros. over added suspension time. In 1944 the California courts held that a personal-services contract could not be enforced past seven calendar years. That decision, often called the De Havilland Law, stopped the extension practice. It did not abolish term contracts.\n\nIn 1948 the Supreme Court decided United States v. Paramount Pictures, Inc. The studios that owned theater chains had to separate production from exhibition, and block booking of films was barred. The economic reason for holding a large stock company under exclusive contract weakened after that. By the 1950s and 1960s stars were working picture by picture, through their own companies, or on shorter studio deals. Warner Bros. itself was sold to Kinney National in 1969, as the old contract studio was already gone.\n\n## What \"exclusive\" means now\n\nCurrent deals at [[Walt Disney Studios Burbank]] and [[Warner Bros. Studios Burbank]] are usually one of three kinds.\n\n* An overall deal: a producer or actor is exclusive to one studio for television or features during a term, in exchange for a guarantee and overhead. The person is not an employee for life, and the studio does not own the person's future outside the contract's scope.\n* A first-look deal: the studio sees the project first and may pass. Exclusivity is only for that first refusal.\n* An option or a holding deal on a single project.\n\nThe cash guarantee is almost never in the parent company's 10-K. Trade papers report round numbers. Those reports are not audited, and they go stale when a deal is renegotiated. This investigation does not repeat a list of star guarantees from the trades. A figure of that kind needs the contract or a filing.\n\nUnion agreements are public in a different way. SAG-AFTRA basic agreements set minimums, residuals, and some exclusivity rules for series regulars. They are industry-wide, not a Burbank studio's private contract. The 2023 SAG-AFTRA strike against the studios, including Disney and Warner Bros., was about those minimums, streaming residuals, and consent for artificial-intelligence replicas. It was not a return to the seven-year contract.\n\n## Ownership is not an actor contract\n\nWhen Disney bought Marvel, Lucasfilm, and the Fox film labels, it bought the companies and the copyrights. An actor who played a role in an earlier film was not placed under an exclusive Disney contract by the merger. A sequel can still depend on a new agreement with that actor. The same is true of the 6 October 2026 [[Skydance]] purchase of Warner Bros. Discovery. The DC and Harry Potter copyrights moved with the company. The actors did not.\n\nLoan-out companies are the ordinary modern form. The performer owns a corporation, and the corporation lends the performer's services to the studio for one picture or one series. Exclusivity, if any, is a clause in that loan-out, limited to the job.\n\n## What remains open\n\nA complete list of who is exclusive to Warner Bros. or Disney in October 2026 is not a public document. The studios treat the contracts as confidential. The public record supports the history above and the company-wide finances on [[Burbank studios]]. It does not support a roster of current exclusive actors with reliable prices.\n","editor":"local","note":"Seven-year contracts, 1944 and 1948 cases, modern deals","created_at":"2026-10-29T00:47:35.506Z"},{"id":"b47f9bab-9a84-41b5-8c14-082eb7c1d482","title":"Studio exclusive contracts","body_markdown":"The exclusive actor contract belongs to the old studio system. The companies that now own the Burbank lots still sign exclusive deals, but the legal object is different. A seven-year personal-services contract that the studio could suspend and extend is not the same thing as a two- or three-year overall deal, and it is not the same thing as Disney owning Marvel.\n\n## The studio system\n\nFrom the 1920s through the 1940s, Warner Bros., Paramount, MGM, RKO, and 20th Century Fox kept actors, directors, and writers under long-term exclusive contracts. The studio assigned the work, loaned the person to another studio, and could suspend the person without pay for refusing a role. Time on suspension was often added to the end of the term, so a seven-year contract could run longer than seven years.\n\nWarner Bros. in Burbank was a principal user of that system. Olivia de Havilland sued Warner Bros. over added suspension time. In 1944 the California courts held that a personal-services contract could not be enforced past seven calendar years. That decision, often called the De Havilland Law, stopped the extension practice. It did not abolish term contracts.\n\nIn 1948 the Supreme Court decided United States v. Paramount Pictures, Inc. The studios that owned theater chains had to separate production from exhibition, and block booking of films was barred. The economic reason for holding a large stock company under exclusive contract weakened after that. By the 1950s and 1960s stars were working picture by picture, through their own companies, or on shorter studio deals. Warner Bros. itself was sold to Kinney National in 1969, as the old contract studio was already gone.\n\n## What \"exclusive\" means now\n\nCurrent deals at [[Walt Disney Studios Burbank]] and [[Warner Bros. Studios Burbank]] are usually one of three kinds.\n\n* An overall deal: a producer or actor is exclusive to one studio for television or features during a term, in exchange for a guarantee and overhead. The person is not an employee for life, and the studio does not own the person's future outside the contract's scope.\n* A first-look deal: the studio sees the project first and may pass. Exclusivity is only for that first refusal.\n* An option or a holding deal on a single project.\n\nThe cash guarantee is almost never in the parent company's 10-K. Trade papers report round numbers. Those reports are not audited, and they go stale when a deal is renegotiated. This investigation does not repeat a list of star guarantees from the trades. A figure of that kind needs the contract or a filing.\n\nUnion agreements are public in a different way. SAG-AFTRA basic agreements set minimums, residuals, and some exclusivity rules for series regulars. They are industry-wide, not a Burbank studio's private contract. The 2023 SAG-AFTRA strike against the studios, including Disney and Warner Bros., was about those minimums, streaming residuals, and consent for artificial-intelligence replicas. It was not a return to the seven-year contract.\n\n## Ownership is not an actor contract\n\nWhen Disney bought Marvel, Lucasfilm, and the Fox film labels, it bought the companies and the copyrights. An actor who played a role in an earlier film was not placed under an exclusive Disney contract by the merger. A sequel can still depend on a new agreement with that actor. The same is true of the 6 October 2026 [[Skydance]] purchase of Warner Bros. Discovery. The DC and Harry Potter copyrights moved with the company. The actors did not.\n\nLoan-out companies are the ordinary modern form. The performer owns a corporation, and the corporation lends the performer's services to the studio for one picture or one series. Exclusivity, if any, is a clause in that loan-out, limited to the job.\n\n## What remains open\n\nA complete list of who is exclusive to Warner Bros. or Disney in October 2026 is not a public document. The studios treat the contracts as confidential. The public record supports the history above and the company-wide finances on [[Burbank studios]]. It does not support a roster of current exclusive actors with reliable prices.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Walt_Disney_Studios_Burbank","Warner_Bros._Studios_Burbank","Skydance","Burbank_studios"],"tags":["contracts","history"]},{"slug":"The_Burbank_Studios","title":"The Burbank Studios","body_markdown":"The Burbank Studios is an independent production campus in Burbank's Media District, owned and developed by Worthe Real Estate Group. It is not [[Warner Bros. Studios Burbank]], and it is not a film distributor. The shared name is a remnant of an older joint venture.\n\n## The name\n\nIn 1972 Warner Bros. and Columbia Pictures combined their Burbank facilities as The Burbank Studios, using the Warner lot and Columbia's ranch about a mile north. That joint venture ended. Columbia's ranch later became the Warner Ranch. The name The Burbank Studios is now used by Worthe's campus, on the ground long associated with NBC's Burbank studio. NBC left Burbank. The network studio operation moved, and the real estate was redeveloped.\n\nWorthe's own description says the campus has 83,058 square feet of sound stages, about 459,503 rentable square feet of offices, and about 136,764 square feet of flex space. Worthe says its studio portfolio is more than 2.4 million square feet. Those are the landlord's figures.\n\n## Warner's stages on the campus\n\nOn 18 March 2026 The Hollywood Reporter reported that Warner Bros. managed four stages at The Burbank Studios facility, in addition to 30 on its own main lot and 16 at the new Ranch. Managing or renting stages is not the same as owning the campus. The owner named by Worthe is Worthe.\n\nThe adjacent Second Century office buildings, designed by Frank Gehry for Warner Bros. employees, were built by Worthe and Stockbridge. They house Warner offices. They are also not the Worthe stage campus and not the 1926 Warner lot.\n\n## Why it is in this investigation\n\nBurbank's city materials and local reporting treat Disney, Warner Bros., and this campus as the Media District's anchors. A financial investigation that counts only the two public parents will miss a large rental studio that major productions use without the productions being \"Warner movies\" or \"Disney movies.\" The campus has no public equity, no 10-K, and no exclusive actor contracts of its own. Its business is renting stages and offices.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"ae87f1da-8e4b-4430-937e-1138d98c5f15","title":"The Burbank Studios","body_markdown":"The Burbank Studios is an independent production campus in Burbank's Media District, owned and developed by Worthe Real Estate Group. It is not [[Warner Bros. Studios Burbank]], and it is not a film distributor. The shared name is a remnant of an older joint venture.\n\n## The name\n\nIn 1972 Warner Bros. and Columbia Pictures combined their Burbank facilities as The Burbank Studios, using the Warner lot and Columbia's ranch about a mile north. That joint venture ended. Columbia's ranch later became the Warner Ranch. The name The Burbank Studios is now used by Worthe's campus, on the ground long associated with NBC's Burbank studio. NBC left Burbank. The network studio operation moved, and the real estate was redeveloped.\n\nWorthe's own description says the campus has 83,058 square feet of sound stages, about 459,503 rentable square feet of offices, and about 136,764 square feet of flex space. Worthe says its studio portfolio is more than 2.4 million square feet. Those are the landlord's figures.\n\n## Warner's stages on the campus\n\nOn 18 March 2026 The Hollywood Reporter reported that Warner Bros. managed four stages at The Burbank Studios facility, in addition to 30 on its own main lot and 16 at the new Ranch. Managing or renting stages is not the same as owning the campus. The owner named by Worthe is Worthe.\n\nThe adjacent Second Century office buildings, designed by Frank Gehry for Warner Bros. employees, were built by Worthe and Stockbridge. They house Warner offices. They are also not the Worthe stage campus and not the 1926 Warner lot.\n\n## Why it is in this investigation\n\nBurbank's city materials and local reporting treat Disney, Warner Bros., and this campus as the Media District's anchors. A financial investigation that counts only the two public parents will miss a large rental studio that major productions use without the productions being \"Warner movies\" or \"Disney movies.\" The campus has no public equity, no 10-K, and no exclusive actor contracts of its own. Its business is renting stages and offices.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:35.354Z"},{"id":"local-35edbcd4-f09b-473e-8003-8e74e23c3808","title":"The Burbank Studios","body_markdown":"The Burbank Studios is an independent production campus in Burbank's Media District, owned and developed by Worthe Real Estate Group. It is not [[Warner Bros. Studios Burbank]], and it is not a film distributor. The shared name is a remnant of an older joint venture.\n\n## The name\n\nIn 1972 Warner Bros. and Columbia Pictures combined their Burbank facilities as The Burbank Studios, using the Warner lot and Columbia's ranch about a mile north. That joint venture ended. Columbia's ranch later became the Warner Ranch. The name The Burbank Studios is now used by Worthe's campus, on the ground long associated with NBC's Burbank studio. NBC left Burbank. The network studio operation moved, and the real estate was redeveloped.\n\nWorthe's own description says the campus has 83,058 square feet of sound stages, about 459,503 rentable square feet of offices, and about 136,764 square feet of flex space. Worthe says its studio portfolio is more than 2.4 million square feet. Those are the landlord's figures.\n\n## Warner's stages on the campus\n\nOn 18 March 2026 The Hollywood Reporter reported that Warner Bros. managed four stages at The Burbank Studios facility, in addition to 30 on its own main lot and 16 at the new Ranch. Managing or renting stages is not the same as owning the campus. The owner named by Worthe is Worthe.\n\nThe adjacent Second Century office buildings, designed by Frank Gehry for Warner Bros. employees, were built by Worthe and Stockbridge. They house Warner offices. They are also not the Worthe stage campus and not the 1926 Warner lot.\n\n## Why it is in this investigation\n\nBurbank's city materials and local reporting treat Disney, Warner Bros., and this campus as the Media District's anchors. A financial investigation that counts only the two public parents will miss a large rental studio that major productions use without the productions being \"Warner movies\" or \"Disney movies.\" The campus has no public equity, no 10-K, and no exclusive actor contracts of its own. Its business is renting stages and offices.\n","editor":"local","note":"Worthe campus, distinct from the Warner lot","created_at":"2026-10-29T00:47:35.354Z"},{"id":"cbe04df2-f54f-49ff-9d4b-dbc65bc2e21a","title":"The Burbank Studios","body_markdown":"The Burbank Studios is an independent production campus in Burbank's Media District, owned and developed by Worthe Real Estate Group. It is not [[Warner Bros. Studios Burbank]], and it is not a film distributor. The shared name is a remnant of an older joint venture.\n\n## The name\n\nIn 1972 Warner Bros. and Columbia Pictures combined their Burbank facilities as The Burbank Studios, using the Warner lot and Columbia's ranch about a mile north. That joint venture ended. Columbia's ranch later became the Warner Ranch. The name The Burbank Studios is now used by Worthe's campus, on the ground long associated with NBC's Burbank studio. NBC left Burbank. The network studio operation moved, and the real estate was redeveloped.\n\nWorthe's own description says the campus has 83,058 square feet of sound stages, about 459,503 rentable square feet of offices, and about 136,764 square feet of flex space. Worthe says its studio portfolio is more than 2.4 million square feet. Those are the landlord's figures.\n\n## Warner's stages on the campus\n\nOn 18 March 2026 The Hollywood Reporter reported that Warner Bros. managed four stages at The Burbank Studios facility, in addition to 30 on its own main lot and 16 at the new Ranch. Managing or renting stages is not the same as owning the campus. The owner named by Worthe is Worthe.\n\nThe adjacent Second Century office buildings, designed by Frank Gehry for Warner Bros. employees, were built by Worthe and Stockbridge. They house Warner offices. They are also not the Worthe stage campus and not the 1926 Warner lot.\n\n## Why it is in this investigation\n\nBurbank's city materials and local reporting treat Disney, Warner Bros., and this campus as the Media District's anchors. A financial investigation that counts only the two public parents will miss a large rental studio that major productions use without the productions being \"Warner movies\" or \"Disney movies.\" The campus has no public equity, no 10-K, and no exclusive actor contracts of its own. Its business is renting stages and offices.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Warner_Bros._Studios_Burbank"],"tags":["burbank"]},{"slug":"Upon258","title":"Upon258","body_markdown":"**upon 🔶 BNB** is the X account [@upon258](https://x.com/upon258), user id 1595493480520114176. X lists the join date as 23 November 2022 and the signup country as HK. On 28 October 2026 the account had about 9,700 followers, 6,700 following, 23,500 posts, and 727 media files. The bio is a generic line about 认知提升, 重塑自我, and 复利主义. There is no website and no location.\n\nThe account published the [[Upon258 qipao clip]]. It is a reach account, not the woman in that clip and not the maker of [[Kung Fu Jumpstyle]].\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"aafa50d8-92a6-428f-ad7e-9b9a7b7e4038","title":"Upon258","body_markdown":"**upon 🔶 BNB** is the X account [@upon258](https://x.com/upon258), user id 1595493480520114176. X lists the join date as 23 November 2022 and the signup country as HK. On 28 October 2026 the account had about 9,700 followers, 6,700 following, 23,500 posts, and 727 media files. The bio is a generic line about 认知提升, 重塑自我, and 复利主义. There is no website and no location.\n\nThe account published the [[Upon258 qipao clip]]. It is a reach account, not the woman in that clip and not the maker of [[Kung Fu Jumpstyle]].\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Upon258_qipao_clip","Kung_Fu_Jumpstyle"],"tags":[]},{"slug":"Upon258_qipao_clip","title":"Upon258 qipao clip","body_markdown":"On 28 October 2026 at 16:41 UTC, [[Upon258]] published [the post](https://x.com/upon258/status/2115484044154855858). The caption opens with the hook “师父教我扎马步” and then a note about a qipao and martial-arts posture. The hashtags are #国风美学, #新中式旗袍, #中华武术, #每日OOTD, and #自律女孩.\n\n## The file\n\nThe only public copy found is on X. The re-encoded video is [the mp4 X serves](https://video.twimg.com/amplify_video/2115484004568932353/vid/avc1/1054x1920/kbU4m64iQ-zLRquM.mp4). The container handler is Twitter-vork muxer, so the original encoder name is gone. The picture is $1054 \\times 1920$ pixels at 30 frames per second, with AAC stereo. That is not a normal phone frame. A $1080 \\times 1920$ frame is. The aspect ratio of the file that remains is\n\n$$\n\\frac{1054}{1920} \\approx 0.549\n$$\n\nA thin side crop is what people do when they cut a short-video handle off the edge. No logo remained. The caption sentences, apart from the song hook, do not appear anywhere else on the web.\n\n## Who posted it\n\n[[Upon258]] is a reach account. The avatar is a different portrait from the woman in the clip. The same afternoon the account posted other vertical clips of other women, on a timer, with the same caption mold, and replied “早安” on other threads. Earlier posts talk about comment velocity and a 赛马池. The operator is not the performer, and not [[Kaien Nuen]].\n\n## The song\n\nThe hook belongs to [[Kung Fu Jumpstyle]]. [[DistroKid]] delivered that recording. The copyright lines name [[Kaien Nuen]], not a label. The dance matches the September 2026 challenge built on that record. The rest of the caption was written for this upload.\n\n## What is still open\n\nThe performer's name, and any page where the video was posted before X, were not identified. The file looks like a beauty-filtered phone video. Nothing in the post names a generator.\n","updated_at":"2026-10-28T23:40:00.000Z","updated_by":"seed","revisions":[{"id":"79f39406-0be9-4378-85e0-fb8a870debcd","title":"Upon258 qipao clip","body_markdown":"On 28 October 2026 at 16:41 UTC, [[Upon258]] published [the post](https://x.com/upon258/status/2115484044154855858). The caption opens with the hook “师父教我扎马步” and then a note about a qipao and martial-arts posture. The hashtags are #国风美学, #新中式旗袍, #中华武术, #每日OOTD, and #自律女孩.\n\n## The file\n\nThe only public copy found is on X. The re-encoded video is [the mp4 X serves](https://video.twimg.com/amplify_video/2115484004568932353/vid/avc1/1054x1920/kbU4m64iQ-zLRquM.mp4). The container handler is Twitter-vork muxer, so the original encoder name is gone. The picture is $1054 \\times 1920$ pixels at 30 frames per second, with AAC stereo. That is not a normal phone frame. A $1080 \\times 1920$ frame is. The aspect ratio of the file that remains is\n\n$$\n\\frac{1054}{1920} \\approx 0.549\n$$\n\nA thin side crop is what people do when they cut a short-video handle off the edge. No logo remained. The caption sentences, apart from the song hook, do not appear anywhere else on the web.\n\n## Who posted it\n\n[[Upon258]] is a reach account. The avatar is a different portrait from the woman in the clip. The same afternoon the account posted other vertical clips of other women, on a timer, with the same caption mold, and replied “早安” on other threads. Earlier posts talk about comment velocity and a 赛马池. The operator is not the performer, and not [[Kaien Nuen]].\n\n## The song\n\nThe hook belongs to [[Kung Fu Jumpstyle]]. [[DistroKid]] delivered that recording. The copyright lines name [[Kaien Nuen]], not a label. The dance matches the September 2026 challenge built on that record. The rest of the caption was written for this upload.\n\n## What is still open\n\nThe performer's name, and any page where the video was posted before X, were not identified. The file looks like a beauty-filtered phone video. Nothing in the post names a generator.\n","editor":"seed","note":"Initial article","created_at":"2026-10-28T23:40:00.000Z"}],"links":["Upon258","Kaien_Nuen","Kung_Fu_Jumpstyle","DistroKid"],"tags":[]},{"slug":"Walt_Disney_Studios_Burbank","title":"Walt Disney Studios Burbank","body_markdown":"The Walt Disney Studios at 500 South Buena Vista Street is both a movie studio and the headquarters of The Walt Disney Company. Disney began in 1923 and moved the studio from Hyperion Avenue in Los Angeles to this Burbank lot in 1940. The lot is still the company's seat. The profit of the company is not the profit of the lot.\n\n## What the parent reports\n\nDisney's fiscal year ended 27 September 2025. The earnings release datelined Burbank, and the segment tables in the Form 10-K, give three segments.\n\n* Entertainment revenue $42.466 billion and segment operating income $4.674 billion. This segment holds film and television production, Disney+ and Hulu, and the non-sports linear channels, including ABC, Disney Channel, FX, Freeform, and National Geographic.\n* Within Entertainment, direct-to-consumer revenue was $24.614 billion, linear networks $9.364 billion, and content sales, licensing, and other $8.488 billion. Theatrical distribution licensing, a narrower line in the revenue note, was $2.592 billion.\n* Sports, principally ESPN, revenue $17.672 billion and operating income $2.882 billion.\n* Experiences, the parks, cruises, and consumer products, revenue $36.156 billion and operating income $9.995 billion.\n* Company revenue after eliminations: $94.425 billion, against $91.361 billion in fiscal 2024.\n\nExperiences produced more segment operating income than Entertainment and Sports together. A reader who treats \"the Burbank studio\" as Disney's main business is reading the wrong line. The studio is inside Entertainment, and Entertainment's largest revenue line in 2025 was subscriptions, not theatrical film.\n\nPublished accounts in October 2026 say Josh D'Amaro succeeded Robert A. Iger as chief executive on 18 March 2026. This pass did not open a Disney release for that date.\n\n## Labels under the studio\n\nWalt Disney Pictures, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures are the main film labels. Pixar is based in Emeryville. Marvel's film operation has been centered in Manhattan Beach. Lucasfilm has been centered in San Francisco. They report up through Burbank. Searchlight has been described in commercial directories as Burbank-based after the Fox purchase. That is a directory claim, not a line in the 10-K.\n\nDisney General Entertainment, including ABC, is also run from the Burbank company. ABC's broadcast network was part of the 1996 Capital Cities purchase, not a studio founded on the lot.\n\n## Purchases that built the present company\n\n* 9 February 1996: Disney closes the purchase of Capital Cities/ABC. The price reported at the time was $19 billion. ABC, ESPN, and the cable stakes came with it.\n* 5 May 2006: Disney closes the purchase of Pixar for $7.4 billion in stock. Steve Jobs became Disney's largest shareholder and a director. John Lasseter became chief creative officer of the animation studios.\n* 31 August 2009: Disney announces the Marvel purchase at about $4 billion, $30 in cash plus about 0.745 Disney share per Marvel share. The deal closed on 31 December 2009. Later reconstructions put the value at closing nearer $4.3 billion to $4.4 billion because the stock portion moved. Spider-Man films stayed with Sony, and the X-Men and Fantastic Four films stayed with 20th Century Fox, until later arrangements and the Fox deal.\n* 21 December 2012: Disney closes the purchase of Lucasfilm for $4.05 billion.\n* 20 March 2019: Disney closes the purchase of the 21st Century Fox entertainment assets. The June 2018 agreement that won the bidding against Comcast was $71.3 billion of equity value, about $35.7 billion of cash, Disney shares, and about $13.8 billion of net debt assumed. Fox Broadcasting, Fox News, and Fox Sports stayed in a separate Fox Corporation. The film library, 20th Century Fox Television, and the cable networks that were in the deal, including FX and National Geographic, came to Disney. Comcast had pushed the price up from Disney's earlier $52.4 billion stock bid.\n\nMiramax, bought in 1993, was later sold. It is not part of the current Burbank studio group.\n\n## Contracts\n\nDisney does not publish a list of exclusive actor contracts in the 10-K. The historic end of the seven-year studio contract, including litigation against Warner Bros. rather than Disney, is on [[Studio exclusive contracts]]. Disney's control of Marvel, Lucasfilm, and the former Fox film labels is ownership of the companies, not an exclusive employment contract with the actors.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"da1ccce1-49a1-4acc-af5d-c15432c45a5c","title":"Walt Disney Studios Burbank","body_markdown":"The Walt Disney Studios at 500 South Buena Vista Street is both a movie studio and the headquarters of The Walt Disney Company. Disney began in 1923 and moved the studio from Hyperion Avenue in Los Angeles to this Burbank lot in 1940. The lot is still the company's seat. The profit of the company is not the profit of the lot.\n\n## What the parent reports\n\nDisney's fiscal year ended 27 September 2025. The earnings release datelined Burbank, and the segment tables in the Form 10-K, give three segments.\n\n* Entertainment revenue $42.466 billion and segment operating income $4.674 billion. This segment holds film and television production, Disney+ and Hulu, and the non-sports linear channels, including ABC, Disney Channel, FX, Freeform, and National Geographic.\n* Within Entertainment, direct-to-consumer revenue was $24.614 billion, linear networks $9.364 billion, and content sales, licensing, and other $8.488 billion. Theatrical distribution licensing, a narrower line in the revenue note, was $2.592 billion.\n* Sports, principally ESPN, revenue $17.672 billion and operating income $2.882 billion.\n* Experiences, the parks, cruises, and consumer products, revenue $36.156 billion and operating income $9.995 billion.\n* Company revenue after eliminations: $94.425 billion, against $91.361 billion in fiscal 2024.\n\nExperiences produced more segment operating income than Entertainment and Sports together. A reader who treats \"the Burbank studio\" as Disney's main business is reading the wrong line. The studio is inside Entertainment, and Entertainment's largest revenue line in 2025 was subscriptions, not theatrical film.\n\nPublished accounts in October 2026 say Josh D'Amaro succeeded Robert A. Iger as chief executive on 18 March 2026. This pass did not open a Disney release for that date.\n\n## Labels under the studio\n\nWalt Disney Pictures, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures are the main film labels. Pixar is based in Emeryville. Marvel's film operation has been centered in Manhattan Beach. Lucasfilm has been centered in San Francisco. They report up through Burbank. Searchlight has been described in commercial directories as Burbank-based after the Fox purchase. That is a directory claim, not a line in the 10-K.\n\nDisney General Entertainment, including ABC, is also run from the Burbank company. ABC's broadcast network was part of the 1996 Capital Cities purchase, not a studio founded on the lot.\n\n## Purchases that built the present company\n\n* 9 February 1996: Disney closes the purchase of Capital Cities/ABC. The price reported at the time was $19 billion. ABC, ESPN, and the cable stakes came with it.\n* 5 May 2006: Disney closes the purchase of Pixar for $7.4 billion in stock. Steve Jobs became Disney's largest shareholder and a director. John Lasseter became chief creative officer of the animation studios.\n* 31 August 2009: Disney announces the Marvel purchase at about $4 billion, $30 in cash plus about 0.745 Disney share per Marvel share. The deal closed on 31 December 2009. Later reconstructions put the value at closing nearer $4.3 billion to $4.4 billion because the stock portion moved. Spider-Man films stayed with Sony, and the X-Men and Fantastic Four films stayed with 20th Century Fox, until later arrangements and the Fox deal.\n* 21 December 2012: Disney closes the purchase of Lucasfilm for $4.05 billion.\n* 20 March 2019: Disney closes the purchase of the 21st Century Fox entertainment assets. The June 2018 agreement that won the bidding against Comcast was $71.3 billion of equity value, about $35.7 billion of cash, Disney shares, and about $13.8 billion of net debt assumed. Fox Broadcasting, Fox News, and Fox Sports stayed in a separate Fox Corporation. The film library, 20th Century Fox Television, and the cable networks that were in the deal, including FX and National Geographic, came to Disney. Comcast had pushed the price up from Disney's earlier $52.4 billion stock bid.\n\nMiramax, bought in 1993, was later sold. It is not part of the current Burbank studio group.\n\n## Contracts\n\nDisney does not publish a list of exclusive actor contracts in the 10-K. The historic end of the seven-year studio contract, including litigation against Warner Bros. rather than Disney, is on [[Studio exclusive contracts]]. Disney's control of Marvel, Lucasfilm, and the former Fox film labels is ownership of the companies, not an exclusive employment contract with the actors.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:34.850Z"},{"id":"local-016107c0-be07-493d-b703-c9f2f9e6c130","title":"Walt Disney Studios Burbank","body_markdown":"The Walt Disney Studios at 500 South Buena Vista Street is both a movie studio and the headquarters of The Walt Disney Company. Disney began in 1923 and moved the studio from Hyperion Avenue in Los Angeles to this Burbank lot in 1940. The lot is still the company's seat. The profit of the company is not the profit of the lot.\n\n## What the parent reports\n\nDisney's fiscal year ended 27 September 2025. The earnings release datelined Burbank, and the segment tables in the Form 10-K, give three segments.\n\n* Entertainment revenue $42.466 billion and segment operating income $4.674 billion. This segment holds film and television production, Disney+ and Hulu, and the non-sports linear channels, including ABC, Disney Channel, FX, Freeform, and National Geographic.\n* Within Entertainment, direct-to-consumer revenue was $24.614 billion, linear networks $9.364 billion, and content sales, licensing, and other $8.488 billion. Theatrical distribution licensing, a narrower line in the revenue note, was $2.592 billion.\n* Sports, principally ESPN, revenue $17.672 billion and operating income $2.882 billion.\n* Experiences, the parks, cruises, and consumer products, revenue $36.156 billion and operating income $9.995 billion.\n* Company revenue after eliminations: $94.425 billion, against $91.361 billion in fiscal 2024.\n\nExperiences produced more segment operating income than Entertainment and Sports together. A reader who treats \"the Burbank studio\" as Disney's main business is reading the wrong line. The studio is inside Entertainment, and Entertainment's largest revenue line in 2025 was subscriptions, not theatrical film.\n\nPublished accounts in October 2026 say Josh D'Amaro succeeded Robert A. Iger as chief executive on 18 March 2026. This pass did not open a Disney release for that date.\n\n## Labels under the studio\n\nWalt Disney Pictures, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures are the main film labels. Pixar is based in Emeryville. Marvel's film operation has been centered in Manhattan Beach. Lucasfilm has been centered in San Francisco. They report up through Burbank. Searchlight has been described in commercial directories as Burbank-based after the Fox purchase. That is a directory claim, not a line in the 10-K.\n\nDisney General Entertainment, including ABC, is also run from the Burbank company. ABC's broadcast network was part of the 1996 Capital Cities purchase, not a studio founded on the lot.\n\n## Purchases that built the present company\n\n* 9 February 1996: Disney closes the purchase of Capital Cities/ABC. The price reported at the time was $19 billion. ABC, ESPN, and the cable stakes came with it.\n* 5 May 2006: Disney closes the purchase of Pixar for $7.4 billion in stock. Steve Jobs became Disney's largest shareholder and a director. John Lasseter became chief creative officer of the animation studios.\n* 31 August 2009: Disney announces the Marvel purchase at about $4 billion, $30 in cash plus about 0.745 Disney share per Marvel share. The deal closed on 31 December 2009. Later reconstructions put the value at closing nearer $4.3 billion to $4.4 billion because the stock portion moved. Spider-Man films stayed with Sony, and the X-Men and Fantastic Four films stayed with 20th Century Fox, until later arrangements and the Fox deal.\n* 21 December 2012: Disney closes the purchase of Lucasfilm for $4.05 billion.\n* 20 March 2019: Disney closes the purchase of the 21st Century Fox entertainment assets. The June 2018 agreement that won the bidding against Comcast was $71.3 billion of equity value, about $35.7 billion of cash, Disney shares, and about $13.8 billion of net debt assumed. Fox Broadcasting, Fox News, and Fox Sports stayed in a separate Fox Corporation. The film library, 20th Century Fox Television, and the cable networks that were in the deal, including FX and National Geographic, came to Disney. Comcast had pushed the price up from Disney's earlier $52.4 billion stock bid.\n\nMiramax, bought in 1993, was later sold. It is not part of the current Burbank studio group.\n\n## Contracts\n\nDisney does not publish a list of exclusive actor contracts in the 10-K. The historic end of the seven-year studio contract, including litigation against Warner Bros. rather than Disney, is on [[Studio exclusive contracts]]. Disney's control of Marvel, Lucasfilm, and the former Fox film labels is ownership of the companies, not an exclusive employment contract with the actors.\n","editor":"local","note":"Burbank headquarters, fiscal 2025 segments, purchases","created_at":"2026-10-29T00:47:34.850Z"},{"id":"2ee4d56e-7ab7-4c2d-b0ae-e6841cb26e5a","title":"Walt Disney Studios Burbank","body_markdown":"The Walt Disney Studios at 500 South Buena Vista Street is both a movie studio and the headquarters of The Walt Disney Company. Disney began in 1923 and moved the studio from Hyperion Avenue in Los Angeles to this Burbank lot in 1940. The lot is still the company's seat. The profit of the company is not the profit of the lot.\n\n## What the parent reports\n\nDisney's fiscal year ended 27 September 2025. The earnings release datelined Burbank, and the segment tables in the Form 10-K, give three segments.\n\n* Entertainment revenue $42.466 billion and segment operating income $4.674 billion. This segment holds film and television production, Disney+ and Hulu, and the non-sports linear channels, including ABC, Disney Channel, FX, Freeform, and National Geographic.\n* Within Entertainment, direct-to-consumer revenue was $24.614 billion, linear networks $9.364 billion, and content sales, licensing, and other $8.488 billion. Theatrical distribution licensing, a narrower line in the revenue note, was $2.592 billion.\n* Sports, principally ESPN, revenue $17.672 billion and operating income $2.882 billion.\n* Experiences, the parks, cruises, and consumer products, revenue $36.156 billion and operating income $9.995 billion.\n* Company revenue after eliminations: $94.425 billion, against $91.361 billion in fiscal 2024.\n\nExperiences produced more segment operating income than Entertainment and Sports together. A reader who treats \"the Burbank studio\" as Disney's main business is reading the wrong line. The studio is inside Entertainment, and Entertainment's largest revenue line in 2025 was subscriptions, not theatrical film.\n\nPublished accounts in October 2026 say Josh D'Amaro succeeded Robert A. Iger as chief executive on 18 March 2026. This pass did not open a Disney release for that date.\n\n## Labels under the studio\n\nWalt Disney Pictures, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, and Searchlight Pictures are the main film labels. Pixar is based in Emeryville. Marvel's film operation has been centered in Manhattan Beach. Lucasfilm has been centered in San Francisco. They report up through Burbank. Searchlight has been described in commercial directories as Burbank-based after the Fox purchase. That is a directory claim, not a line in the 10-K.\n\nDisney General Entertainment, including ABC, is also run from the Burbank company. ABC's broadcast network was part of the 1996 Capital Cities purchase, not a studio founded on the lot.\n\n## Purchases that built the present company\n\n* 9 February 1996: Disney closes the purchase of Capital Cities/ABC. The price reported at the time was $19 billion. ABC, ESPN, and the cable stakes came with it.\n* 5 May 2006: Disney closes the purchase of Pixar for $7.4 billion in stock. Steve Jobs became Disney's largest shareholder and a director. John Lasseter became chief creative officer of the animation studios.\n* 31 August 2009: Disney announces the Marvel purchase at about $4 billion, $30 in cash plus about 0.745 Disney share per Marvel share. The deal closed on 31 December 2009. Later reconstructions put the value at closing nearer $4.3 billion to $4.4 billion because the stock portion moved. Spider-Man films stayed with Sony, and the X-Men and Fantastic Four films stayed with 20th Century Fox, until later arrangements and the Fox deal.\n* 21 December 2012: Disney closes the purchase of Lucasfilm for $4.05 billion.\n* 20 March 2019: Disney closes the purchase of the 21st Century Fox entertainment assets. The June 2018 agreement that won the bidding against Comcast was $71.3 billion of equity value, about $35.7 billion of cash, Disney shares, and about $13.8 billion of net debt assumed. Fox Broadcasting, Fox News, and Fox Sports stayed in a separate Fox Corporation. The film library, 20th Century Fox Television, and the cable networks that were in the deal, including FX and National Geographic, came to Disney. Comcast had pushed the price up from Disney's earlier $52.4 billion stock bid.\n\nMiramax, bought in 1993, was later sold. It is not part of the current Burbank studio group.\n\n## Contracts\n\nDisney does not publish a list of exclusive actor contracts in the 10-K. The historic end of the seven-year studio contract, including litigation against Warner Bros. rather than Disney, is on [[Studio exclusive contracts]]. Disney's control of Marvel, Lucasfilm, and the former Fox film labels is ownership of the companies, not an exclusive employment contract with the actors.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Studio_exclusive_contracts"],"tags":["burbank","disney","finance","mergers"]},{"slug":"Warner_Bros._Studios_Burbank","title":"Warner Bros. Studios Burbank","body_markdown":"Warner Bros. Studios Burbank is the film and television lot at 4000 Warner Boulevard. First National Pictures built it in 1926. Warner Bros. has occupied it ever since the company absorbed First National. The lot is one campus inside a much larger public company. Since 6 October 2026 that parent is [[Skydance]].\n\n## What sits on the lot\n\nTenants identified with the lot include Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Warner Bros. Television Studios, Warner Bros. Animation, Warner Bros. Home Entertainment, Cartoon Network Studios, and DC Studios. Warner Bros. also operates the Ranch Lot, less than a mile away, which reopened on 18 March 2026 with 16 soundstages. The Hollywood Reporter described the company as managing 30 stages on the main lot, 16 at the Ranch, and 4 at [[The Burbank Studios]], a separate Worthe campus.\n\nA Frank Gehry office complex called Second Century, built for Warner Bros. through Worthe and Stockbridge, was completed beside the lot. It is office space for the company, not a second movie studio.\n\n## The Studios segment, before the 2026 sale\n\nWarner Bros. Discovery's Form 10-K for the year ended 31 December 2025, filed 27 February 2026, is the last full-year report of the company that owned this lot before Skydance. The Studios segment is the production and licensing business, not the cable networks and not HBO Max by itself.\n\n* Studios revenue: $12.619 billion, up from $11.607 billion in 2024.\n* Of that, content revenue was $11.740 billion. The company said theatrical product revenue rose 15 percent and television product revenue rose 9 percent, while games revenue fell 32 percent.\n* Studios adjusted EBITDA: $2.545 billion, up from $1.652 billion.\n* Whole-company revenue was $37.296 billion. Studios were about a third of that before inter-segment eliminations. Streaming was $10.876 billion and Global Linear Networks $17.656 billion.\n* Net income available to Warner Bros. Discovery was $727 million. The earnings release said that result included $5.8 billion of pre-tax acquisition-related amortization, content fair-value step-up, and restructuring.\n\nThose numbers describe 2025. They are not a report of the combined Skydance company.\n\n## How the lot changed owners\n\n* 1926: First National builds the lot.\n* 1969: Kinney National buys Warner Bros. The entertainment piece later becomes Warner Communications.\n* 1990: Time Inc. and Warner Communications combine as Time Warner.\n* 2001: AOL merges with Time Warner. The combination is later unwound and the AOL name dropped.\n* 2018: AT&T completes its purchase of Time Warner and renames the media group WarnerMedia.\n* 8 April 2022: Discovery, Inc. and WarnerMedia close their combination. The public company is Warner Bros. Discovery. Discovery shareholders held the larger share of the new equity.\n* February 2026: the Warner Bros. Discovery board treats a Paramount Skydance bid of about $31 a share for the whole company as superior to an earlier Netflix agreement that had covered the studios and streaming business and left the cable networks out.\n* 6 October 2026: Paramount Skydance closes the purchase. Reports from The Washington Post, CBS News, Forbes, and TechCrunch put the price at about $110 billion. Ars Technica reported $111 billion. The surviving public name is Skydance, ticker SKYD. David Ellison and Ynon Kreiz were named co-chief executives. David Zaslav left Warner Bros. Discovery. Published estimates of his exit package differ, from roughly $800 million to $886.8 million. This page does not pick one of those estimates as an audited figure.\n\nCBS News reported that the settlement of the state antitrust case bars Skydance from selling or closing the Paramount or Warner Bros. studio lots for at least five years, and includes a pledge to produce 30 films in each of the first two years. TheWrap reported a related pledge of at least 30 theatrical films a year and $1.5 billion of domestic film and television production over five years. The settlement document itself was not read for this page.\n\n## Contracts\n\nThe lot is where Warner Bros. held actors to long exclusive contracts in the studio era. The limit on that practice is [[Studio exclusive contracts]]. Modern Warner and DC talent deals are term overall or first-look agreements. Their prices are not in the 10-K.\n","updated_at":"2026-10-29T00:56:53.170Z","updated_by":"local","revisions":[{"id":"1be98b13-7d71-4db0-a3fd-ea4198dc54d9","title":"Warner Bros. Studios Burbank","body_markdown":"Warner Bros. Studios Burbank is the film and television lot at 4000 Warner Boulevard. First National Pictures built it in 1926. Warner Bros. has occupied it ever since the company absorbed First National. The lot is one campus inside a much larger public company. Since 6 October 2026 that parent is [[Skydance]].\n\n## What sits on the lot\n\nTenants identified with the lot include Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Warner Bros. Television Studios, Warner Bros. Animation, Warner Bros. Home Entertainment, Cartoon Network Studios, and DC Studios. Warner Bros. also operates the Ranch Lot, less than a mile away, which reopened on 18 March 2026 with 16 soundstages. The Hollywood Reporter described the company as managing 30 stages on the main lot, 16 at the Ranch, and 4 at [[The Burbank Studios]], a separate Worthe campus.\n\nA Frank Gehry office complex called Second Century, built for Warner Bros. through Worthe and Stockbridge, was completed beside the lot. It is office space for the company, not a second movie studio.\n\n## The Studios segment, before the 2026 sale\n\nWarner Bros. Discovery's Form 10-K for the year ended 31 December 2025, filed 27 February 2026, is the last full-year report of the company that owned this lot before Skydance. The Studios segment is the production and licensing business, not the cable networks and not HBO Max by itself.\n\n* Studios revenue: $12.619 billion, up from $11.607 billion in 2024.\n* Of that, content revenue was $11.740 billion. The company said theatrical product revenue rose 15 percent and television product revenue rose 9 percent, while games revenue fell 32 percent.\n* Studios adjusted EBITDA: $2.545 billion, up from $1.652 billion.\n* Whole-company revenue was $37.296 billion. Studios were about a third of that before inter-segment eliminations. Streaming was $10.876 billion and Global Linear Networks $17.656 billion.\n* Net income available to Warner Bros. Discovery was $727 million. The earnings release said that result included $5.8 billion of pre-tax acquisition-related amortization, content fair-value step-up, and restructuring.\n\nThose numbers describe 2025. They are not a report of the combined Skydance company.\n\n## How the lot changed owners\n\n* 1926: First National builds the lot.\n* 1969: Kinney National buys Warner Bros. The entertainment piece later becomes Warner Communications.\n* 1990: Time Inc. and Warner Communications combine as Time Warner.\n* 2001: AOL merges with Time Warner. The combination is later unwound and the AOL name dropped.\n* 2018: AT&T completes its purchase of Time Warner and renames the media group WarnerMedia.\n* 8 April 2022: Discovery, Inc. and WarnerMedia close their combination. The public company is Warner Bros. Discovery. Discovery shareholders held the larger share of the new equity.\n* February 2026: the Warner Bros. Discovery board treats a Paramount Skydance bid of about $31 a share for the whole company as superior to an earlier Netflix agreement that had covered the studios and streaming business and left the cable networks out.\n* 6 October 2026: Paramount Skydance closes the purchase. Reports from The Washington Post, CBS News, Forbes, and TechCrunch put the price at about $110 billion. Ars Technica reported $111 billion. The surviving public name is Skydance, ticker SKYD. David Ellison and Ynon Kreiz were named co-chief executives. David Zaslav left Warner Bros. Discovery. Published estimates of his exit package differ, from roughly $800 million to $886.8 million. This page does not pick one of those estimates as an audited figure.\n\nCBS News reported that the settlement of the state antitrust case bars Skydance from selling or closing the Paramount or Warner Bros. studio lots for at least five years, and includes a pledge to produce 30 films in each of the first two years. TheWrap reported a related pledge of at least 30 theatrical films a year and $1.5 billion of domestic film and television production over five years. The settlement document itself was not read for this page.\n\n## Contracts\n\nThe lot is where Warner Bros. held actors to long exclusive contracts in the studio era. The limit on that practice is [[Studio exclusive contracts]]. Modern Warner and DC talent deals are term overall or first-look agreements. Their prices are not in the 10-K.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:47:34.665Z"},{"id":"local-1b87f2c4-0e3d-45c8-aeaa-f8442853757f","title":"Warner Bros. Studios Burbank","body_markdown":"Warner Bros. Studios Burbank is the film and television lot at 4000 Warner Boulevard. First National Pictures built it in 1926. Warner Bros. has occupied it ever since the company absorbed First National. The lot is one campus inside a much larger public company. Since 6 October 2026 that parent is [[Skydance]].\n\n## What sits on the lot\n\nTenants identified with the lot include Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Warner Bros. Television Studios, Warner Bros. Animation, Warner Bros. Home Entertainment, Cartoon Network Studios, and DC Studios. Warner Bros. also operates the Ranch Lot, less than a mile away, which reopened on 18 March 2026 with 16 soundstages. The Hollywood Reporter described the company as managing 30 stages on the main lot, 16 at the Ranch, and 4 at [[The Burbank Studios]], a separate Worthe campus.\n\nA Frank Gehry office complex called Second Century, built for Warner Bros. through Worthe and Stockbridge, was completed beside the lot. It is office space for the company, not a second movie studio.\n\n## The Studios segment, before the 2026 sale\n\nWarner Bros. Discovery's Form 10-K for the year ended 31 December 2025, filed 27 February 2026, is the last full-year report of the company that owned this lot before Skydance. The Studios segment is the production and licensing business, not the cable networks and not HBO Max by itself.\n\n* Studios revenue: $12.619 billion, up from $11.607 billion in 2024.\n* Of that, content revenue was $11.740 billion. The company said theatrical product revenue rose 15 percent and television product revenue rose 9 percent, while games revenue fell 32 percent.\n* Studios adjusted EBITDA: $2.545 billion, up from $1.652 billion.\n* Whole-company revenue was $37.296 billion. Studios were about a third of that before inter-segment eliminations. Streaming was $10.876 billion and Global Linear Networks $17.656 billion.\n* Net income available to Warner Bros. Discovery was $727 million. The earnings release said that result included $5.8 billion of pre-tax acquisition-related amortization, content fair-value step-up, and restructuring.\n\nThose numbers describe 2025. They are not a report of the combined Skydance company.\n\n## How the lot changed owners\n\n* 1926: First National builds the lot.\n* 1969: Kinney National buys Warner Bros. The entertainment piece later becomes Warner Communications.\n* 1990: Time Inc. and Warner Communications combine as Time Warner.\n* 2001: AOL merges with Time Warner. The combination is later unwound and the AOL name dropped.\n* 2018: AT&T completes its purchase of Time Warner and renames the media group WarnerMedia.\n* 8 April 2022: Discovery, Inc. and WarnerMedia close their combination. The public company is Warner Bros. Discovery. Discovery shareholders held the larger share of the new equity.\n* February 2026: the Warner Bros. Discovery board treats a Paramount Skydance bid of about $31 a share for the whole company as superior to an earlier Netflix agreement that had covered the studios and streaming business and left the cable networks out.\n* 6 October 2026: Paramount Skydance closes the purchase. Reports from The Washington Post, CBS News, Forbes, and TechCrunch put the price at about $110 billion. Ars Technica reported $111 billion. The surviving public name is Skydance, ticker SKYD. David Ellison and Ynon Kreiz were named co-chief executives. David Zaslav left Warner Bros. Discovery. Published estimates of his exit package differ, from roughly $800 million to $886.8 million. This page does not pick one of those estimates as an audited figure.\n\nCBS News reported that the settlement of the state antitrust case bars Skydance from selling or closing the Paramount or Warner Bros. studio lots for at least five years, and includes a pledge to produce 30 films in each of the first two years. TheWrap reported a related pledge of at least 30 theatrical films a year and $1.5 billion of domestic film and television production over five years. The settlement document itself was not read for this page.\n\n## Contracts\n\nThe lot is where Warner Bros. held actors to long exclusive contracts in the studio era. The limit on that practice is [[Studio exclusive contracts]]. Modern Warner and DC talent deals are term overall or first-look agreements. Their prices are not in the 10-K.\n","editor":"local","note":"Lot, 2025 Studios segment, ownership line","created_at":"2026-10-29T00:47:34.665Z"},{"id":"821779e0-7012-4576-b471-ed61249fb0c3","title":"Warner Bros. Studios Burbank","body_markdown":"Warner Bros. Studios Burbank is the film and television lot at 4000 Warner Boulevard. First National Pictures built it in 1926. Warner Bros. has occupied it ever since the company absorbed First National. The lot is one campus inside a much larger public company. Since 6 October 2026 that parent is [[Skydance]].\n\n## What sits on the lot\n\nTenants identified with the lot include Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Warner Bros. Television Studios, Warner Bros. Animation, Warner Bros. Home Entertainment, Cartoon Network Studios, and DC Studios. Warner Bros. also operates the Ranch Lot, less than a mile away, which reopened on 18 March 2026 with 16 soundstages. The Hollywood Reporter described the company as managing 30 stages on the main lot, 16 at the Ranch, and 4 at [[The Burbank Studios]], a separate Worthe campus.\n\nA Frank Gehry office complex called Second Century, built for Warner Bros. through Worthe and Stockbridge, was completed beside the lot. It is office space for the company, not a second movie studio.\n\n## The Studios segment, before the 2026 sale\n\nWarner Bros. Discovery's Form 10-K for the year ended 31 December 2025, filed 27 February 2026, is the last full-year report of the company that owned this lot before Skydance. The Studios segment is the production and licensing business, not the cable networks and not HBO Max by itself.\n\n* Studios revenue: $12.619 billion, up from $11.607 billion in 2024.\n* Of that, content revenue was $11.740 billion. The company said theatrical product revenue rose 15 percent and television product revenue rose 9 percent, while games revenue fell 32 percent.\n* Studios adjusted EBITDA: $2.545 billion, up from $1.652 billion.\n* Whole-company revenue was $37.296 billion. Studios were about a third of that before inter-segment eliminations. Streaming was $10.876 billion and Global Linear Networks $17.656 billion.\n* Net income available to Warner Bros. Discovery was $727 million. The earnings release said that result included $5.8 billion of pre-tax acquisition-related amortization, content fair-value step-up, and restructuring.\n\nThose numbers describe 2025. They are not a report of the combined Skydance company.\n\n## How the lot changed owners\n\n* 1926: First National builds the lot.\n* 1969: Kinney National buys Warner Bros. The entertainment piece later becomes Warner Communications.\n* 1990: Time Inc. and Warner Communications combine as Time Warner.\n* 2001: AOL merges with Time Warner. The combination is later unwound and the AOL name dropped.\n* 2018: AT&T completes its purchase of Time Warner and renames the media group WarnerMedia.\n* 8 April 2022: Discovery, Inc. and WarnerMedia close their combination. The public company is Warner Bros. Discovery. Discovery shareholders held the larger share of the new equity.\n* February 2026: the Warner Bros. Discovery board treats a Paramount Skydance bid of about $31 a share for the whole company as superior to an earlier Netflix agreement that had covered the studios and streaming business and left the cable networks out.\n* 6 October 2026: Paramount Skydance closes the purchase. Reports from The Washington Post, CBS News, Forbes, and TechCrunch put the price at about $110 billion. Ars Technica reported $111 billion. The surviving public name is Skydance, ticker SKYD. David Ellison and Ynon Kreiz were named co-chief executives. David Zaslav left Warner Bros. Discovery. Published estimates of his exit package differ, from roughly $800 million to $886.8 million. This page does not pick one of those estimates as an audited figure.\n\nCBS News reported that the settlement of the state antitrust case bars Skydance from selling or closing the Paramount or Warner Bros. studio lots for at least five years, and includes a pledge to produce 30 films in each of the first two years. TheWrap reported a related pledge of at least 30 theatrical films a year and $1.5 billion of domestic film and television production over five years. The settlement document itself was not read for this page.\n\n## Contracts\n\nThe lot is where Warner Bros. held actors to long exclusive contracts in the studio era. The limit on that practice is [[Studio exclusive contracts]]. Modern Warner and DC talent deals are term overall or first-look agreements. Their prices are not in the 10-K.\n","editor":"local","note":"Imported from a wiki database","created_at":"2026-10-29T00:56:53.170Z"}],"links":["Skydance","The_Burbank_Studios","Studio_exclusive_contracts"],"tags":["burbank","finance","mergers","warner"]}]}