Warner Media / WarnerMedia

WarnerMedia From Wikipedia, the free encyclopedia Jump to navigationJump to search "Time Warner" redirects here. For the former cable television operator in the United States separated from Time Warner in 2009, see Time Warner Cable. Warner Media, LLC WarnerMedia (2019) logo.svg 30 Hudson Yards(StreetView).jpg 30 Hudson Yards, WarnerMedia's headquarters in New York City Formerly Warner Communications Inc. (1972–1990) Time-Warner Inc. (also known as Time-Warner Entertainment Inc. from 1992) (1990–2001) AOL Time Warner Inc. (2001–2003) Time Warner Inc. (2003–2018) Type Subsidiary Industry Mass media Entertainment Predecessors Time Inc. (1922–1990) Kinney National Company (1966–1972) Warner Communications (1972–1990) Founded February 10, 1972; 49 years ago Founder Steve Ross Headquarters 30 Hudson Yards, New York City, U.S. Area served Worldwide Key people Jason Kilar (CEO) Andy Forssell (Head of operations, Direct) Ann Sarnoff (Chairwoman and CEO, Studios and Networks; Chairwoman and CEO, Warner Bros.) Jeff Zucker (Chairman, News & Sports; President, CNN) Gerhard Zeiler (CRO; Chairman, International) Tony Goncalves (President, Commercial; CEO, Otter Media) Brands Adult SwimAT&T SportsNetBoomerangCartoon NetworkCinemaxCNNCrunchyrollDC ComicsHBOHBO MaxHLNTBSTMZTNTTruTVTurner Classic MoviesWarner Bros. Revenue Decrease $30.4 billion (2020) Operating income 7,965,000,000 United States dollar Net income 6,201,000,000 United States dollar Total assets 69,209,000,000 United States dollar Number of employees 25,600 (2015) Parent AT&T (2018–present) Divisions WarnerMedia Studios & Networks WarnerMedia News & Sports WarnerMedia Sales and Distribution WarnerMedia Direct WarnerMedia International Website www.warnermedia.com Footnotes / references [1][2][3][4] 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 assets of Turner Broadcasting, HBO, and Cinemax as well as Warner Bros., which itself consists of the film, animation, television studios and the company's home entertainment division, 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 Sales & Distribution (consisting of digital analytics company Xandr and Otter Media); and WarnerMedia Direct (consisting of the HBO Max streaming service). On October 22, 2016, AT&T announced an offer to acquire Time Warner for $85 billion (including assumed Time Warner debt).[5][6] The proposed merger was confirmed on June 12, 2018,[7] after AT&T won an antitrust lawsuit that the U.S. Justice Department filed in 2017 to attempt to block the acquisition.[8] The merger closed two days later, with the company becoming a subsidiary of AT&T.[9] 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.[10] 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.[11]