Warner Bros. Theatre Ventures is the live show, stageplay and musical production arm of Warner Bros. Discovery. The company forms a part of Warner Bros., one of the major business segments of Warner Bros. Discovery. Warner Bros. Theatre Ventures is led by Mark Kaufman. Founded in 2003, to develop and produce plays and musicals based on the Warner Bros. library. The first production by Warner Bros. Theatre Ventures was a musical adaptation of Anne Rice's The Vampire Chronicles entitled Lestat which entered development in 2003 and opened in 2006.