Thursday 11 July 2013
Monday 1 July 2013
Fact Sheet: Time Warner
Time Warner is an America multinational
media corporation with headquarters situated in New York City.
History
In 1923, Time magazine debuted as the first weekly news magazine in the
United States. In 1927, Warner Bros. released the world’s first feature-length
talking picture, The Jazz Singer. In 1963, recommendations from Time Inc. based
on how it delivered magazines led to the introduction of zip codes by the
United States Post Office.
In 1976, Nolan Bushnell sold his Atari company to Warner Communications for an
estimated $2–12 million. Warner made considerable profits (and later losses)
with Atari, which it owned from 1976 to 1984. While part of Warner,
Atari achieved its greatest success, selling millions of Atari 2600s and computers. At its peak, Atari accounted for a third of
Warner's annual income and was the fastest-growing company in the history of
the United States at the time.
In 1996, Warner Bros. spearheaded the
introduction of the DVD, which rapidly replaced VHS tapes as the standard for
home video.
In 1999, HBO became the first national
cable TV network to broadcast a high–definition version of its channel.
In 2000, AOL purchased Time Warner for US$164 billion.
In 2010 Warner Bros. Entertainment became
first Hollywood studio to offer Movies directly on Facebook
In 2011, Warner Bros. announced an
agreement to acquire Flixster, a highly popular movie discovery application
company with over 25 million worldwide users per month.
In June 2012, Time Inc. launched digital
subscriptions on iPad.
Warner Bros: Home Entertainment, Motion Pictures, Television.
HBO: On Demand, Go, 2, Cinemax, Signature, Family, Comedy, Zone, Latino.
Time Inc: PEOPLE, Entertainment Weekly, InStyle, FORTUNE, CNNMoney.com, GOLF.
Media Products
Turner: Cartoon Network, Boomerang, Adult Swim, TNT, CNN
Worldwide, TCM, TunerSports, TheSmokingGun.com.
Financial
On February 2, 2011, Time
Warner reported a 2010 revenue of $26.9 billion, highest growth rate since 2004
and a 6% rise since 2009.On February 8 2012 Time Warner reported revenue of
$29.0 billion, highest growth rate since 2003. On February 6, 2013, Time Warner
reported revenue for 2012 of $28.7B and an adjusted operating income of $6.1B.
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