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  1. Warner Media, LLC (stylized as WarnerMedia) is an American multinational mass media and entertainment conglomerate corporation owned by AT&T and headquartered in New York City, United States. It was originally formed in 1990 by Steve Ross and formerly known as Time Warner from 1990 to 2001 and 2003 to 2018, from the merger of Time Inc. and the original Warner Communications. The company has film, television and cable operations, with its assets including WarnerMedia Studios & Networks (consisting of the entertainment and family-friendly assets of Turner Broadcasting, HBO, and Cinemax as well as Warner Bros., which itself consists of the film, animation, and television studios DC Comics, New Line Cinema, and, together with ViacomCBS, a 50% interest in The CW television network); WarnerMedia News & Sports (consisting of the news and sports assets of Turner Broadcasting, as well as AT&T SportsNet); WarnerMedia Commercial (consisting of digital analytics company Xandr, Otter Media, and the company's home entertainment division); and WarnerMedia Direct (consisting of the HBO Max streaming service).
  2.  
  3. On October 22, 2016, AT&T announced an offer to acquire Time Warner for $108.7 billion (including assumed Time Warner debt). The proposed merger was confirmed on June 12, 2018, after AT&T won an antitrust lawsuit that the U.S. Justice Department filed in 2017 to attempt to block the acquisition. The merger closed two days later, with the company becoming a subsidiary of AT&T.
  4.  
  5. Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until AT&T's acquisition in 2018, after which it became WarnerMedia. The company's previous assets included Time Inc., TW Telecom, AOL, Time Warner Cable, AOL Time Warner Book Group, and Warner Music Group; these operations were either sold to others or spun off as independent companies. The company was ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
  6.  
  7. On February 10, 1972, the entertainment assets of the Kinney National Company reincorporated as Warner Communications due to a financial scandal involving price fixing in its parking operations. Warner Communications served as the parent company for Warner Bros., the Warner Music Group (WMG), Warner Cable, and Dimension Pictures during the 1970s and 1980s. It also owned DC Comics and Mad magazine.
  8.  
  9. During its time as Warner Communications, the company made a number of further acquisitions. In 1979, Warner formed a joint venture with credit card company American Express, Warner-Amex Satellite Entertainment, which owned such cable channels as MTV, Nickelodeon, The Movie Channel, and VH1 (which was launched in 1985 on the channel space left by Turner's Cable Music Channel). Warner bought out American Express's half in 1984 and sold the venture a year later to the original iteration of Viacom, which renamed it MTV Networks (now known as ViacomCBS Domestic Media Networks). In 1982, Warner purchased Popular Library from CBS Publications.
  10.  
  11. By the mid to late 1980s, Warner began to face financial difficulties. From 1976 to 1984, Warner Communications owned Atari, Inc., but suffered substantial losses due to the video game crash of 1983. Taking advantage of Warner Communications's financial situation, the neighboring company of Time Inc. announced on March 4, 1989, that the two companies were to merge.
  12.  
  13. During the summer of 1989, Paramount Communications (then Gulf+Western) launched a $12.2 billion hostile bid to acquire Time, Inc. in an attempt to end a stock-swap merger deal between Time and Warner Communications. Time raised its bid to $14.9 billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time Warner merger. The court ruled twice in favor of Time, forcing Paramount to drop both the Time acquisition and the lawsuit, and allowing the two companies to merge, which was completed on January 10, 1990.
  14.  
  15. WarnerMedia's businesses operate under the following five primary divisions:
  16. WarnerMedia Studios & Networks, encompasses the company's television series and motion picture development, production and programming. The division's primary unit is the Warner Bros.' film, television and animation studio – which also contains Warner Bros. Interactive Entertainment, the comic book company DC Entertainment, and youth or specialty-centric cable networks (Cartoon Network, Adult Swim, Boomerang and Turner Classic Movies). Other assets include HBO (as well as its sister channel Cinemax), the remaining former Turner networks TBS, TNT and TruTV, and with ViacomCBS, a 50% stake in The CW Television Network.
  17. WarnerMedia News & Sports, encompasses the company's worldwide broadcast news and sports networks, including CNN, Turner Sports, and the AT&T SportsNet family of regional sports networks.
  18. WarnerMedia Sales and Distribution oversees WarnerMedia's U.S. advertising sales, distribution, home entertainment, and content licensing. The division also contains digital media company Otter Media, and advertising/analytics company Xandr.
  19. WarnerMedia Direct is responsible for the product, marketing, consumer engagement and global rollout of the company's direct-to-consumer streaming service HBO Max.
  20. WarnerMedia International oversees certain international variations of the company's domestic television channels, with a few region-specific channels. This group is also responsible for local execution of all of WarnerMedia's linear businesses, commercial activities, and regional programming for HBO Max.
  21.  
  22. Assets owned by WarnerMedia:
  23. WarnerMedia Direct
  24. HBO Max (product, marketing, consumer engagement and global rollout)
  25. Warner Max (feature film production; co-owned with Warner Bros.)
  26.  
  27. WarnerMedia Studios & Networks
  28. Warner Bros.
  29. Warner Bros. Theatre Ventures
  30. Warner Bros. Museum
  31. Warner Bros. Studios, Burbank
  32. Warner Bros. Studios, Leavesden
  33. The CW (50%; with ViacomCBS)
  34. - The CW Plus
  35. - CW Seed
  36. Fandango Media (30% with NBCUniversal)
  37. - Fandango Movieclips
  38. - FandangoNOW
  39. - Movies.com
  40. - MovieTickets.com
  41. - Rotten Tomatoes
  42. - Fandango Latam
  43. - Vudu
  44. Turner Entertainment Co.
  45. WaterTower Music
  46. WarnerMedia Innovation Lab
  47.  
  48. Warner Bros. Pictures Group
  49. Warner Bros. Pictures
  50. - Warner Bros. Pictures Domestic Distribution (North American exhibition)
  51. - Warner Bros. Pictures International (international distribution and production; most active in Germany, Italy, Spain, the United Kingdom, the Republic of Ireland, Japan, South Korea, Argentina, Brazil and Mexico)
  52. New Line Cinema
  53. DC Films
  54. Warner Animation Group
  55. Alloy Entertainment
  56. Castle Rock Entertainment
  57. The Wolper Organization
  58. Flagship Entertainment (China) (49%) (joint venture with China Media Capital (41%) and TVB (10%))
  59. Spyglass Media Group (minority stake)
  60. Warner Max (feature film production; co-owned with WarnerMedia Direct)
  61. Warner Bros. Studio Facilities
  62. - Warner Bros. International Dubbing & Subtitling
  63.  
  64. Warner Bros. Television Group
  65. WBTVS Scripted Production
  66. - Alloy Entertainment
  67. - Blue Ribbon Content
  68. - Warner Horizon Scripted Television
  69. WBTVS Unscripted Production
  70. - Telepictures
  71. - Telepictures Music
  72. - DC All Access
  73. - TMZ
  74. - Toofab
  75. - True Crime Daily
  76. - A Very Good Production
  77. Warner Horizon Unscripted & Alternative Television
  78. WBTVS International & Formats
  79. WBTVS UK
  80. - Ricochet
  81. - Twenty Twenty
  82. - Wall to Wall
  83. - Renegade Pictures
  84. - Yalli Productions
  85. WBTVS Belgium
  86. - Eyeworks Belgium Scripted
  87. - BlazHoffski Belgium
  88. - Savage Film (minority stake; Flanders-based film production company)
  89. WBTVS Netherlands
  90. - Kaap Holland Film
  91. - BlazHoffski Netherlands
  92. WBTVS Nordics
  93. - LTS Garðbær Studios
  94. WBTVS Germany
  95. - Cologne Film
  96. WBTVS Switzerland
  97. WBTVS France
  98. WBTVS Spain
  99. WBTVS Portugal
  100. WBTVS Australia
  101. WBTVS New Zealand
  102.  
  103. Warner Bros. Kids, Young Adults and Classics
  104. Warner Bros. Animation
  105. The Cartoon Network, Inc.
  106. Cartoon Network
  107. - Cartoon Network Studios
  108. Adult Swim
  109. - Williams Street
  110. - Williams Street Records
  111. Toonami
  112. Adult Swim Games
  113. - Big Pixel Studios
  114. Boomerang
  115. Turner Classic Movies
  116.  
  117. Warner Bros. Home Entertainment
  118. WB Games
  119. Avalanche Software
  120. Monolith Productions
  121. NetherRealm Studios
  122. Plexchat
  123. Portkey Games
  124. Rocksteady Studios
  125. TT Games
  126. - TT Games Publishing
  127. - TT Fusion
  128. - Traveller's Tales
  129. - TT Odyssey
  130. - Playdemic
  131. WB Games Boston
  132. WB Games Montréal
  133. WB Games New York
  134. WB Games San Diego
  135. WB Games San Francisco
  136.  
  137. Warner Bros. Global Brands and Experiences
  138. DC Entertainment
  139. DC Comics
  140. - WildStorm
  141. - DC Black Label
  142. Mad Magazine
  143. Warner Bros. Themed Entertainment
  144. - Warner Bros. Movie World
  145. - Parque Warner Madrid (5%)
  146. - Warner Bros. World Abu Dhabi
  147. - Warner Bros. Studio Tours
  148. Warner Bros. Consumer Products
  149.  
  150. Digital Networks
  151. DC Universe
  152. Stage 13
  153. Uninterrupted (joint venture with LeBron James)
  154. Ellen Digital Ventures (joint venture with Ellen DeGeneres)
  155.  
  156. Home Box Office, Inc.
  157. HBO
  158. - HBO2
  159. - HBO Signature
  160. - HBO Family
  161. - HBO Kids
  162. - HBO Comedy
  163. - HBO Zone
  164. - HBO Latino
  165. Cinemax
  166. - Cinemax on Demand
  167. HBO Films
  168. Bad Wolf Ltd (minority stake) – with Sky Drama production company.
  169.  
  170. Turner Entertainment Networks
  171. TBS
  172. TNT
  173. TruTV
  174. Turner Sports & Entertainment Digital Network
  175. - Turner Entertainment Digital
  176. - WarnerMedia Podcast Network
  177. Turner Private Networks
  178. Turner Studios
  179. Studio T
  180.  
  181. WarnerMedia News & Sports
  182. CNN Worldwide
  183. CNN
  184. HLN
  185. CNN Business
  186. B/R 360
  187. CNN International
  188. CNN en Español
  189. CNN Chile
  190. CNN España (50%; joint venture with Mediaset España Comunicación)
  191. CNN Türk (50%; joint venture with Doğan Yayın Holding)
  192. CNN Indonesia (joint venture with Trans Media)
  193. CNN-News18 (licensed to Network 18)
  194. CNN Philippines (licensed to Nine Media Corporation)
  195. A2 CNN (licensed to G2 Media)
  196. CNN Brasil (licensed to a joint venture between Novus Mídia and MRV Engenharia)
  197. CNN Prima News (licensed to Prima Group)
  198. CNN Airport
  199. CNN Films
  200. CNNRadio
  201.  
  202. Turner Sports
  203. NBA TV (operations)
  204. B/R Live
  205. B/R Plus
  206. B/R en Español
  207. Turner Sports Digital
  208. - Bleacher Report
  209. - House of Highlights
  210. CDF (Chile)
  211. TNT Sports (Argentina)
  212. Esporte Interativo (Brazil)
  213.  
  214. AT&T Sports Networks, LLC
  215. AT&T SportsNet Pittsburgh
  216. AT&T SportsNet Rocky Mountain
  217. AT&T SportsNet Southwest
  218. Root Sports Northwest (40% with Baseball Club of Seattle, LP)
  219. MLB Network (16.67% with Major League Baseball, Comcast, Charter Communications and Cox Communications)
  220.  
  221. WarnerMedia International
  222. Boing
  223. - Boing (Africa)
  224. - Boing (France)
  225. - Boing (Italy) (49% with Mediaset)
  226. - Boing (Spain) (50% with Mediaset España Comunicación)
  227. Cartoon Network (international channels)
  228. - Cartoon Network Studios Europe
  229. Boomerang (international channels)
  230. Cartoonito
  231. Pogo
  232. Tooncast
  233. Chilevisión
  234. glitz*
  235. HBO (international channels)
  236. HBO Latin America
  237. HBO Asia
  238. - HBO Hits (Asia)
  239. - Red by HBO (24/7 Asian cinema channel; joint venture with Mei Ah Entertainment)
  240. HBO Europe
  241. - HBO Nordic
  242. - HBO Europe Original Programming Ltd. (producer of several local original scripted programming and series based on licensed formats for Central and Eastern Europe, based in London, England, United Kingdom)
  243. - HBO Netherlands (joint venture with Ziggo)
  244. - HBO Portugal
  245. - HBO España
  246. - HBO 3
  247. - Cinemax 2 (Central Europe)
  248. HBO India
  249. - HBO Defined (India)
  250. - HBO Hits (India)
  251. HTV
  252. I.Sat
  253. Much (Latin America)
  254. Space (Latin American pay TV channel)
  255. Oh!K
  256. TCM
  257. TNT
  258. - TNT Series
  259. - TNT Comedy
  260. - TNT Film
  261. - TNT Serie
  262. World Heritage Channel
  263. Warner TV
  264. - Warner TV France (joint venture with Canal+ Group)
  265. WB Channel
  266. JTBC (2.64%)
  267. TABI Channel
  268. - Tabitele
  269. MONDO TV
  270. - Mondo Mahjong TV
  271.  
  272. WarnerMedia Sales and Distribution
  273. Warner Bros. Domestic Television Distribution
  274. Warner Bros. Worldwide Television Distribution
  275. WarnerMedia Advertising Sales
  276. iStreamPlanet
  277.  
  278. Otter Media
  279. Rooster Teeth
  280. Achievement Hunter
  281. Crunchyroll
  282. Crunchyroll Studios (formerly Ellation Studios)
  283. Crunchyroll SC Anime Fund (anime production joint venture with Sumitomo Corporation)
  284. Crunchyroll SAS (majority)
  285. - Ellation
  286. - AV Visionen
  287. - Kazé
  288. - Anime on Demand
  289. - Anime Digital Network
  290. - Eye See Movies
  291. Crunchyroll Games, LLC
  292. VRV
  293. Fullscreen, Inc.
  294. - McBeard
  295. - Reelio
  296. Gunpowder & Sky
  297. - Alter (horror)
  298. - Cut (comedy)
  299. - Dust (science fiction)
  300. - FilmBuff
  301. Hello Sunshine (joint venture with Reese Witherspoon, Seth Rodsky and Emerson Creative)
  302.  
  303. Xandr
  304. AppNexus
  305. Clypd
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