Profile: Time Warner Inc (TWX.N)
23 Mar 2017
Time Warner Inc., incorporated on February 4, 2000, is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution. The Company also holds interests in companies that operate broadcast networks.
The Company holds interest in Central European Media Enterprises Ltd. (CME), which is a broadcasting company that operates television networks in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. The Company has an interest in The CW broadcast network (The CW), which includes a lineup of advertising-supported original programming, such as The 100, Arrow, Crazy Ex-Girlfriend, DC's Legends of Tomorrow, The Flash, Frequency, iZombie, Jane the Virgin, No Tomorrow, The Originals, Reign, Riverdale, Supergirl, Supernatural and The Vampire Diaries, as well as a block of advertising-supported programming. The CW also operates CW Seed, The CW's digital-only platform for original programming, which is available online and on mobile devices.
The Company's Turner segment creates and programs branded news, entertainment, sports and kids multi-platform content for consumers around the world. As of December 31, 2016, Turner operated more than 175 channels. In the United States, its networks and related businesses and brands include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Bleacher Report, the NBA and NCAA digital properties, Cartoon Network, Boomerang, CNN, the CNN digital network, HLN and iStreamPlanet. Turner's programming is distributed by cable system operators, satellite service distributors, telephone companies and other distributors, and is available to subscribers of the affiliates for viewing on television, through streaming online and on mobile devices through Turner's digital properties and services provided by affiliates, and on-demand on-television through Turner's digital properties and affiliates' digital video-on-demand (VOD) services. Some of Turner's programming is also available through subscription video-on-demand (SVOD) and other OTT services.
Turner's digital properties consist of its own digital properties and those it manages and/or operates for sports leagues where Turner holds the related programming rights. Turner's CNN digital network is the digital news destination and Turner's Bleacher Report is the digital sports destination across Facebook, Instagram and Twitter. Turner's other digital properties include its applications for CNN, TBS, TNT, Adult Swim and Cartoon Network, which enable viewers who subscribe to those networks through an affiliate to view the network programming live and on-demand through the applications, as well as tntdrama.com, TBS.com, adultswim.com and cartoonnetwork.com. Digital properties Turner manages and/or operates for sports leagues, including NBA.com, the NBA application, NCAA.com, the NCAA March Madness Live application and PGA.com.
Turner's domestic entertainment networks provide a blend of original series, acquired series and movies, sports and reality programming. Turner's TBS, TNT and Adult Swim are primetime advertising-supported cable networks among adults 18-49 in the United States, and Adult Swim is the advertising-supported cable network in total day among adults 18-34 in the United States. Turner has made investments in sports programming and motion pictures that air on its entertainment networks, including licensing the cable network television rights to popular films from franchises, such as Warner Bros.' franchise films based on DC Entertainment characters and the Star Wars, Marvel Comics and The Hunger Games film franchises, all of, which airs exclusively on TBS and TNT.
TNT is focused on distinctive dramas and is home to syndicated series and a roster of original series, as well as sports and network premiere motion pictures. TNT's returning original series include The Last Ship, The Librarians and Major Crimes, and its new original series include Animal Kingdom and Good Behavior. TNT's syndicated series include Bones, Castle, Charmed, Grimm and Supernatural. The network's upcoming slate includes various new original dramas, including The Alienist, Claws and Will, many of which are co-produced and co-owned by Turner. TBS is focused on comedies aimed at a younger audience, with a roster of original series, as well as sports and acquired television series and movies. TBS' returning original series include American Dad, Angie Tribeca, The Detour and Wrecked, and its original series include The Guest Book, People of Earth and Search Party. Syndicated series for include 2 Broke Girls, The Big Bang Theory, Family Guy, Friends, New Girl and Seinfeld.
Adult Swim is an evening and overnight block of programming airing on Turner's Cartoon Network. Adult Swim is aimed at millennial audiences and offers original and syndicated animated and live-action comedy programming. Adult Swim's original series include Black Jesus, Check It Out with Dr. Steve Brule, Dream Corp, LLC, The Eric Andre Show, Infomercials, Mike Tyson Mysteries, Mr. Pickles, Rick & Morty, Robot Chicken, Samurai Jack, Squidbillies, Your Pretty Face is Going to Hell and The Venture Bros. truTV focuses on comedy-driven reality and scripted series aimed at young adult audiences with the tag line Funny because it's tru. truTV's returning original series include Adam Ruins Everything, Billy on the Street, The Carbonaro Effect, Fameless, Hack My Life, Impractical Jokers and its first scripted series (Those Who Can't), and its new original series include Greater Ever, I'm Sorry, Jon Glaser Loves Gear, Talk Show the Game Show and Upscale with Prentice Penny.
Turner Classic Movies is a network that presents classic films from various film libraries in the world. Turner Classic Movies also offers interviews, original documentaries, specials and regular programming events that include The Essentials, 31 Days of Oscar and Summer Under the Stars. Outside the United States, Turner owns and/or operates regional entertainment networks, providing a range of programming, such as motion pictures and series, documentaries, fashion and lifestyle content, music videos, sports and travel. In Latin America, Turner is the provider of multichannel television in the region, and owns and operates regional entertainment networks, including Glitz, HTV, I-Sat, MuchMusic, Space, TBS, TCM, TNT, TNT Serie, truTV and Warner TV. Turner also owns and operates Chilevision, a free-to-air television broadcaster in Chile, and Esporte Interativo, a Brazilian linear television channel and OTT service that airs sports programming, including programming from South American and European soccer leagues. Turner also operates several regional entertainment networks in Europe and the Middle East, including TCM, TNT, TNT Comedy, TNT Serie, TNT Film and truTV. In Asia, Turner operates various regional entertainment networks, including Oh!K, TCM and Warner TV in Hong Kong, HBO South Asia and WarnerTV in India, Oh!K, TCM, truTV and Warner TV in Indonesia and Singapore, and MondoTV and Tabi Channel in Japan.
Turner Sports produces sports programming and content for Turner's TNT, TBS, and truTV networks and related digital properties. Turner's sports programming features licensed programming from the National Basketball Association (NBA), Major League Baseball (MLB), The National Collegiate Athletic Association (the NCAA) for the Men's Division I Basketball Tournament and the Professional Golfers' Association (PGA). NBA games and PGA tournaments air on the TNT network, and MLB games air on the TBS network. Turner also operates NBA TV, an advertising-supported cable network owned by the NBA that features NBA exhibition, regular season and playoff games and related programming. The NCAA Men's Division I Basketball Tournament games air on the TNT, TBS and truTV networks, and on the CBS network. Turner Sports operates bleacherreport.com, which is an online and mobile sports property that provides team-specific sports content and real-time event coverage, and provides Turner with cross platform programming. Turner also manages and operates NCAA.com, NCAA March Madness Live, which provides live and on-demand streaming video of games, NBA.com, which provides live streaming of games, and PGA.com.
Its Cartoon Network and Boomerang offers original animated and live-action entertainment targeted at kids in the United States and in international territories. Cartoon Network's original animated series include Warner Bros.' Be Cool, Scooby Doo! and Teen Titans Go!, as well as Adventure Time, The Amazing World of Gumball, Clarence, Steven Universe, Uncle Grandpa and We Bare Bears. Boomerang offers new original content from the Warner Bros., as well as classic animated entertainment from the Warner Bros., Hanna-Barbera, MGM and Cartoon Network libraries, such as The Flintstones, The Jetsons, Pink Panther, Tom and Jerry and Yogi Bear. Boomerang is offering series, such as Bunnicula, New Looney Tunes and The Tom and Jerry Show from Warner Bros., as well as Inspector Gadget and Mr. Bean.
CNN is the cable television news service. Turner focuses on maintaining CNN's involvement in around the world breaking-news and political coverage. CNN's news programs include Anderson Cooper 360 degrees, CNN Tonight with Don Lemon, Erin Burnett OutFront, New Day and The Situation Room with Wolf Blitzer. CNN's original series include Anthony Bourdain: Parts Unknown, Believer with Reza Aslan, Declassified: Untold Stories of American Spies, Finding Jesus, The History of Comedy, Morgan Spurlock Inside Man, This is Life with Lisa Ling and United Shades of America with W. Kamau Bell. As of December 31, 2016, CNN Worldwide had a portfolio of more than 20 news and information services across cable, satellite, radio, wireless devices and the Internet in more than 200 countries and territories. CNN Worldwide's networks and businesses include CNN U.S., CNN International, CNN en Espanol, CNNj, CNN.com, CNN Airport Network, CNN Radio, CNN Newsource and HLN. HLN is a CNN network that focuses on news, information, videos and talk shows. HLN's programs include How It Really Happened with Hill Harper, MichaeLA, Morning Express with Robin Meade, On the Story with Erica Hill and Primetime Justice with Ashleigh Banfield.
Home Box Office
Home Box Office owns and operates multichannel premium pay television services, HBO and Cinemax. Its businesses consist principally of premium pay television and OTT services domestically and premium pay, basic tier television and OTT services internationally, as well as home entertainment and content licensing. Home Box Office offers programming, and it continues to invest in a diverse roster of programming and make its programming available to consumers on a range of devices and platforms to enhance the appeal of its products and services. In the United States, its programming and services are distributed in various ways. HBO and Cinemax programming is available to subscribers of traditional affiliates for viewing live and on demand on television and various Internet-connected devices. Home Box Office operates HBO NOW, a domestic stand-alone OTT service that is distributed by digital distributors, such as Apple, Google, Amazon and Roku, as well as by some affiliates. Home Box Office also sells its original programming in both physical and digital formats and licenses some of its library programming to the Amazon Prime SVOD service.
HBO's original programming features dramatic and comedy series, such as Game of Thrones, Girls, Silicon Valley, Veep and Westworld, as well as talk shows and political satire, such as Last Week Tonight with John Oliver and Real Time with Bill Maher, HBO films, such as All The Way and Confirmation, mini-series, such as The Night Of, boxing matches and other sports programming, documentaries, such as A Girl in the River: The Price of Forgiveness and Everything is Copy, and comedy and music specials. It has premiered seven new series: Animals, Divorce, High Maintenance, Insecure, VICE News Tonight, Vice Principals and Westworld. It has also premiered The Young Pope and Big Little Lies and focuses on premiere additional new series, including The Deuce.
Warner Bros. is a television and film studio. Its businesses consist of the production, distribution and licensing of television programming and feature films and the distribution of home entertainment product in both physical and digital formats, as well as the production and distribution of videogames and consumer product and brand licensing. Warner Bros. has increased its production of new forms of content, including short-form online and mobile content, and has launched new direct-to-consumer offerings, such as OTT services. It is the producer of primetime television series for the United States broadcast networks. As of December 31, 2016, Overall, Warner Bros. had produced 75 television series in the United States. In addition, Warner Bros. licensed its United States programming in over 190 countries, as of December 31, 2016.
Warner Bros. is the videogame publisher among television and film studios, built on key brands and franchises. As of December 31, 2016, Warner Bros.' content library consisted of more than 80,000 hours of programming, including over 7,000 feature films and 5,000 television programs consisted of tens of thousands of individual episodes. Its portfolio of brands include DC Entertainment's brands (DC Comics, Vertigo and MAD Magazine), as well as the Looney Tunes and Hanna-Barbera brands. DC Comics' characters include Batman, the Flash, Green Arrow, Superman and Wonder Woman, while Warner Bros.' other characters include Bugs Bunny, Harry Potter, Scooby-Doo and Tom and Jerry. Warner Bros. is focused on expanding its brands and characters across all its businesses, including film, television programming, videogames and consumer products.
Warner Bros. is a leader in the global television production and distribution business. Warner Bros. develops, publishes and distributes videogames, including mobile and console games. As of December 31, 2016, it released 12 videogames, including Batman: Arkham VR, LEGO Marvel's Avengers and Mortal Kombat XL.
Time Warner Inc
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