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Warner Media, LLC

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2019 Vault Rankings

At a Glance

Uppers

Reputation as one of the top media and entertainment companies

Employee benefits, employee diversity resource groups, green initiatives and volunteer programs are strong

Downers

Some subsidiaries have a reputation for poor customer service, such as Time Warner Cable

Economic trends and changes in the media industry have affected the company, including layoffs at many companies

The Bottom Line

Time Warner is an industry leader in media and entertainment with a diverse array of companies, including cable networks, television, movies and print publications.

About Warner Media, LLC

Even among media titans, this company is a giant. Warner Media is one of the world's largest media conglomerates, with operations spanning television and film. The company runs a portfolio of cable TV networks including CNN, TBS, and TNT. Time Warner also operates pay-TV channels HBO and Cinemax. Its Warner Bros. Entertainment, meanwhile, includes film studios (Warner Bros. Pictures, New Line Cinema), TV production units (Warner Bros. Television Group), and comic book publisher DC Entertainment. In 2018, Time Warner was bought by AT&T Inc. for $85 billion after a federal judge greenlit the deal over government objections.

Operations

Warner Media divides its business into three reportable segments: Turner, Home Box Office, and Warner Bros. Turner consists of cable networks and digital media properties. Its businesses and brands include Adult Swim, Boomerang, Cartoon Network, CNN, TBS, TNT, truTV, Turner Classic Movies, and Turner Sports. Its digital properties also include Bleacher Report and the CNN digital network.

Home Box Office (known as HBO) is the world's most successful premium television company. Its HBO, and Cinemax services, Home Box Office, Inc. is at the vanguard of creating and delivering groundbreaking original programming and hit Hollywood films to consumers worldwide across a wide range of platforms and offerings., The services offer the popular subscription video-on-demand products HBO On Demand® and Cinemax On Demand, as well as HBO GO and MAX GO, HD feeds, multiplex channels, and the standalone premium streaming service, HBO NOW. Internationally, HBO branded television networks, along with the subscription video-on-demand products HBO On Demand and HBO GO, bring HBO services to over 60 countries. HBO and Cinemax programming is sold into over 150 countries.

The Warner Bros. segment consists of television, feature film, home video, and video game production and distribution. Its vast content library spans around 115,000 hours of programming, including some 10,000 films and about 2,500 TV shows.

Geographic Reach

Warner Media is headquartered in New York. HBO branded television networks, along with the subscription video-on-demand products HBO On Demand and HBO GO, bring HBO services to over 60 countries. HBO and Cinemax programming is sold into over 150 countries worldwide.

Sales and Marketing

Warner Media brings fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers. The company reaches its market through television and worldwide distribution to DVD and Blu-ray, digital distribution, animation, comic books, videogames, product and brand licensing, and broadcasting.

Strategy

Time Warner's strategy has four main components: Use their industry leading scale and brands to increase investments in the best storytelling; Harness technology and develop new business models to increase the value of their content to consumers and distributors and drive growth for their businesses; Increase their presence in the most attractive, international territories to take advantage of the growing demand for the company's content worldwide; and Optimize their operating and capital efficiency to provide attractive returns to their shareholders.

Mergers and Acquisitions

In 2020, WarnerMedia has finalized its acquisition of Florida-based Ole Communications' minority stakes in both HBO Ole Partners and HBO Brasil Partners, the joint ventures between WarnerMedia and Ole Communications and now owns 100% of all HBO, Cinemax and HBO Go services in Spanish-speaking Latin America and Caribbean, as well as in Brazil. Terms not disclosed.

Warner Media, LLC

30 Hudson Yards
New York, NY 10001-2170
Phone: 1 (212) 484-8000

Firm Stats

Employer Type: Publicly Owned
EVP and CFO: Howard M. Averill
Chairman and CEO: Jeffrey L. Bewkes
CIO: Mitchell Klaif
Employees (This Location): 500
Employees (All Locations): 25,000

Major Office Locations

New York, NY

Other Locations

Lancaster, CA
Los Angeles, CA
Simi Valley, CA
Washington, DC
Tampa, FL
Evansville, IN
Mayfield, KY
Morganfield, KY
Goldsboro, NC
Statesville, NC
Center Conway, NH
Plymouth, NH
New York, NY
Orchard Park, NY
Mount Vernon, OH
Bristol, WI
Moscow, Russia