ocused on travel. Turner also distributes WB, an English language entertainment network in India that features movies and television programming that is primarily licensed from Warner Bros. Entertainment Inc. (Warner Bros.). In Korea, Turner operates through a joint venture Cartoon Network Korea and QTV, a documentary network. CNN International, an English language news network, distributed in approximately 200 countries and territories as of December 31, 2012. CNN International has network feeds in five regions: Europe/Middle East/Africa, the Asia Pacific, South Asia, Latin America and North America. CNN en Español, a separate Spanish language news network, is distributed in Latin America and the U.S. HLN is distributed in Canada, the Caribbean, parts of Latin America and the Asia Pacific region. In a number of regions, Turner has launched local-language versions of CNN through joint ventures or contractual arrangements with local partners. These include CNN Turk, a Turkish language 24-hour news network available in Turkey; CNN Chile, a Spanish language 24-hour news network distributed in Chile; and CNNj, an English-with-Japanese-translation news service in Japan. In addition, CNN content is distributed through CNN-IBN, a co-branded, 24-hour, English language general news and current affairs network in India. Home Box Office HBO is operated by Home Box Office. As of December 31, 2012, Home Box Office had approximately 114 million worldwide subscribers, which consisted of approximately 41 million domestic premium pay subscribers and approximately 73 million international premium pay and basic tier television service subscribers through a wholly-owned subsidiary and unconsolidated international joint ventures. Both HBO and Cinemax are made available in high definition on a number of multiplex channels. Home Box Office also distributes HBO On Demand and Cinemax On Demand, as well as the authenticated HBO GO and MAX GO streaming services, products that enable Subscribers to view programs at the time they choose. The domestic HBO GO and MAX GO streaming services are distributed on various online and mobile platforms, and an authenticated HBO GO streaming service is available to international premium pay television subscribers of HBO in a number of countries. Domestically, a major portion of the programming on HBO and Cinemax consists of uncut and uncensored feature films. Home Box Office enters into licensing agreements of varying duration with major film studios and independent producers and distributors to ensure continued access to such feature films. HBO is also defined by its original dramatic and comedy series, such as Game of Thrones, True Blood, Boardwalk Empire, The Newsroom, Girls and VEEP, as well as motion pictures, mini-series, boxing matches and sports programs, comedy specials, family programming and documentaries. In 2011, Cinemax launched its original primetime series, Strike Back, and has subsequently launched the original primetime series, Hunted and Banshee. HBO won five Golden Globe Awards in 2013 and 23 Primetime Emmy Awards, three George Foster Peabody Awards, three Sports Emmy Awards, two News and Documentary Emmy Awards and one Academy Award in 2012. Home Box Office also generates revenues from the exploitation of its original programming through multiple distribution outlets. HBO Home Entertainment markets various HBO’s original programming on DVD and Blu-ray Discs. Home Box Office licenses its original programming to television networks in approximately 150 countries. In addition, Home Box Office content is distributed by means of EST in the U.S. and various international regions by Apple, Amazon, Microsoft, Sony, Walmart’s Vudu subsidiary, Best Buy and Barnes & Noble through their digital platforms. The Home Box Office-produced show Everybody Loves Raymond, which aired for nine seasons on broadcast television, is on basic cable and in syndication. HBO- and Cinemax-branded premium pay and basic tier television services are distributed in approximately 60 countries in Latin America, Asia and Europe. Home Box Office launched HBO Nordic, a new multi-platform premium programming ser
time warner inc
(AOL1:Frankfurt Stock Exchange)
Contact Info
One Time Warner Center
New York, NY 10019-8016
United States
Phone: 212-484-8000
Fax: 212-956-2847
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Industry Analysis
AOL1
Industry Average
| Valuation | AOL1 | Industry Range |
| Price/Earnings | 18.7x |
|
| Price/Sales | 2.0x |
|
| Price/Book | 1.9x |
|
| Price/Cash Flow | 16.6x |
|
| TEV/Sales | 1.2x |
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