The Warner Brothers legacy started off with a $1,000 projector when Sam Warner saw the potential of motion pictures while working as a projectionist in the early 1900s. Over the last 100+ years, their company has seen many ups and downs, several leadership changes, and has undergone multiple corporate transactions and renaming.

Communications-services companies rose amid anticipation for more deal activity in the sector. A major advertising forecaster, WPP Media, said global trade disruptions and economic deglobalization have led it to cut ad revenue growth expectations for 2025 to 6%,