New York City , New York , United States
|management||Jason Kilar ( CEO )|
|Number of employees||26,000|
|As of December 31, 2017|
The Warner Media (Time Warner to June 2018) is an international media company with numerous business areas. WarnerMedia is headquartered in New York City and was created in 1989 through the merger of Time Inc. and Warner Communications . Before it was taken over by the telecommunications group AT&T in June 2018, the company's share was listed on the New York Stock Exchange for a long time under the symbol "TWX" .
WarnerMedia includes the film and television studio Warner Bros. , the pay-TV broadcaster Home Box Office (HBO), Time Inc. book and magazine publishers and the comic book publisher DC , which among other things publishes the superhero comics about Superman and Batman brings out.
1996 merged Time Warner with Ted Turner's Turner Broadcasting System (TBS), a holding company which, among other cable channels such as CNN and TNT , Turner Entertainment , the film studio New Line Cinema brought into the Group and various sports teams of Atlanta.
On January 10, 2000, the Internet service provider AOL announced that it would take over Time Warner through a share swap. The merger was completed in 2001 and the newly created group was henceforth called AOL Time Warner . The bursting dot-com bubble became symptomatic of the group's development - the stock exchange's continued skepticism towards companies with a dot-com connection caused the group to slowly bleed to death. After depreciation and write-downs at AOL, the group reported a loss of US $ 99 billion for the 2002 financial year.
In order to counteract the downward spiral, AOL was deleted from the company name in 2003 . The horse cure that was prescribed at the same time was reflected in the sales of various parts of the company in the following months. The following are affected by the sales:
- Warner Music Group (WMG)
- one of the three largest record companies, sold to a group of investors around Edgar Bronfman jun.
- Time Warner Book Group (TWBG)
- The book division of the company was acquired in 2006 for $ 537.5 million (around 375 million euros) from the French conglomerate Groupe Lagardère and renamed the Hachette Book Group .
- European pressing plant for CDs and DVDs in Alsdorf near Aachen , today Cinram GmbH
- optical data carriers / media, now part of Cinram International
- Warner Media Services (WMS) aka Ivy Hill
- Cardboard packaging for media
- Cable transmitter, 50% share sold to partner Viacom
- Wrestling Federation, sold to competitor World Wrestling Entertainment (WWE) in 2001 after Time Warner tried to sell its less profitable businesses. The storyline of the "Invasion" had been arranged by Vince McMahon as a deal with Ted Turner .
- Basketball team, hockey team and the operating company of the common stadium
On May 28, 2009, Time Warner announced in a press release that AOL would appear as a separate brand from 2010 onwards. Since December 10, 2009, AOL was again traded as an independent company on the New York Stock Exchange and was taken over by Verizon on June 23, 2015 .
In August 2010, Time Warner bought the Chilean television station Chilevisión .
In October 2016, Time Warner agreed to acquire AT&T by the end of 2017 at a cost of $ 85 billion. Including assumed debt, the purchase price is $ 108.7 billion. The US Department of Justice appealed against the project due to antitrust concerns, but the responsible court rejected it on June 12, 2018. On June 14, both companies announced that the takeover was complete.
In April 2020, it was announced that John Stankey's management would change to Jason Kilar. The new CEO was previously the boss of the streaming service Hulu . The 48-year-old was previously Vice President for global application software at Amazon. He will take office during the corona pandemic and his challenge is to survive in the highly competitive streaming market.
Sales and profit development
After the merger of AOL and Time Warner in 2000, it was valued at an estimated $ 350 billion. That sum has fallen continuously since then, reaching US $ 65.7 billion in 2009.
In the fourth quarter of 2012, Time Warner posted sales of $ 8.2 billion with a profit of $ 1.2 billion.
Company from the house of WarnerMedia
The group consists of four large corporate divisions with many sub-divisions. The corporate divisions are structured as follows:
- WarnerMedia Entertainment
WarnerMedia News & Sports
- CNN Worldwide
- Turner Sports
- AT&T Sports Networks
- AT&T SportsNet
- MLB Network
- Warner Bros. Pictures Group
- Warner Bros. Television Group
- Warner Bros. Home Entertainment Group
- Warner Bros. Global Brands and Experiences
- Warner Bros. Global Kids & Young Adults
- Warner Bros. Digital Networks
- WarnerMedia Sales & International
- Official website of the Warner Media Group (English)
- Make four out of one . Der Tagesspiegel , February 12, 2006. "Why a group of investors wants to smash the American media company Time Warner"
- Group portrait on mediadb.eu, Institute for Media and Communication Policy
- ↑ a b Time Warner 2017 Form 10-K Report , accessed April 30, 2018
- ↑ Official: AOL and Time Warner merger. Golem.de; Retrieved January 9, 2011.
- ↑ Time Warner press release dated February 6, 2006, accessed February 19, 2011.
- ↑ US court approves merger of AT&T and Time Warner. Der Tagesspiegel , June 13, 2018, accessed on June 16, 2018.
- ↑ A very personal defeat for Donald Trump. Der Tagesspiegel, June 15, 2018, accessed on June 16, 2018.
- ↑ AT&T subsidiary: Streaming expert becomes new head of Warner Media. Retrieved April 2, 2020 .
- ↑ Time Warner media group benefits from television . heise.de. Retrieved February 7, 2013.