WarnerMedia

WarnerMedia is an American multinational mass media and entertainment conglomerate owned by AT&T and headquartered in New York City. It was originally formed in 1990 as Time Warner, from the merger of Time Inc. and Warner Communications. The company has film, television, cable, and publishing operations, and currently consists of the assets of the former Warner Communications, HBO, and Turner Broadcasting System. Its assets include WarnerMedia Entertainment (consisting of the entertainment assets of Turner Broadcasting System & HBO, as well as Telewest Group, Otter Media and the HBO Max streaming service), WarnerMedia News & Sports (consisting of the news & sports assets of the former Turner Broadcasting System, as well as AT&T SportsNet), and Warner Bros. 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.

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., AOL, Time Warner Cable, Warner Books, 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.

History
Plans to merge Time Inc. and Warner Communications were made public on March 4, 1989. During the summer of that same year, Paramount Communications (formerly 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' merger, which was completed on January 10, 1990.

WarnerMedia Entertainment
WarnerMedia Entertainment and Direct-to-Consumer, also just referred to as WarnerMedia Entertainment, is WarnerMedia's entertainment networks division. The division is responsible for HBO, Cinemax, TBS, TNT, TruTV, British pay-TV broadcaster Telewest Group, and digital media company Otter Media. The division also contains WarnerMedia's direct-to-consumer operations, including HBO Max. Bob Greenblatt heads the division as chairman.

WarnerMedia News & Sports
The division is responsible for news channels CNN, CNN International and HLN, as well as the WarnerMedia sports networks, Turner Sports, Bleacher Report, and AT&amp;T Regional Sports Networks. It is headed by CNN Worldwide President Jeff Zucker.

Warner Bros.
Warner Bros.' businesses range from feature film and TV to home entertainment production and worldwide distribution to home video, digital distribution, animation, comic books, licensing and international cinemas and broadcasting. In 2012, the Warner Bros. Pictures Group grossed 4.3 billion dollars at the worldwide box office. Home Video is the industry leader with a 21% market share in total DVD and Blu-ray sales.

The Warner Bros. Home Entertainment Group works across platforms and outlets in the digital realm with video-on-demand, branded channels, original content, anti-piracy technology and broadband & wireless destinations. Each year Warner Bros. Pictures produces between 18 and 22 films. Warner Bros. has produced more than 50 television series in the 2012–2013 television season. Warner Bros. has also incorporated DC Comics content into Warner Bros. Entertainment via the creation of the DC Entertainment division, which was founded in 2009. DC Entertainment, which is wholly owned by the Company, is responsible for bringing the stories and characters from the DC Comics, Vertigo and MAD Magazine publishing portfolios into other Warner Bros. content and distribution businesses, including feature films, television programming, video games, direct-to-consumer platforms and consumer products. The DC Comics imprint, home to such iconic characters as Batman, Superman, Wonder Woman, Flash and Green Lantern, has launched digital versions of its top comic book and graphic novel titles, making them available for download on digital platforms.

In the March 4, 2019 reorganization, WB formed a new Global Kids & Young Adults unit for incoming Cartoon Network, Adult Swim, Boomerang from Turner plus received oversight of Turner Classic Movies and temporarily Otter Media, which was transferred to WarnerMedia Entertainment in May 2019.

Key management

 * John Stankey, CEO of WarnerMedia
 * Gerhard Zeiler, Chief Revenue Officer of WarnerMedia
 * Robert Greenblatt, Chairman of WarnerMedia Entertainment
 * Jeff Zucker, Chairman of WarnerMedia News & Sports
 * Ann Sarnoff, Chairwoman and CEO of Warner Bros.