WarnerMedia, LLC is an American multinational media and entertainment conglomerate headquartered in the Time Warner Center in New York City. It is currently the world's third largest television networks and filmed TV & entertainment company in terms of revenue (after Comcast and The Walt Disney Company), and at one time was the world's largest media conglomerate.
Time Warner was formed in 1990 through the merger of Time Inc. and Warner Communications as Time Warner Inc. The current company consists largely of the assets of the former Warner Communications, as well as HBO (a Time Inc. subsidiary prior to the Warner merger) and the assets of Turner Broadcasting (acquired in 1996). Time Warner currently has major operations in film and television, with a limited amount of publishing operations. Among its assets are New Line Cinema, Home Box Office, Turner Broadcasting System, The CW Television Network, Warner Bros., CNN, Cartoon Network, Boomerang, Adult Swim, DC Comics, Warner Bros. Animation, Castle Rock Entertainment, Cartoon Network Studios, Esporte Interativo, Hanna-Barbera Productions and Warner Bros. Interactive Entertainment.
In the past, other major divisions of Time Warner included Time Inc., AOL, Time Warner Cable, Warner Books, and Warner Music Group. All of these operations were either sold to other investors or spun off as independent companies between 2004 and 2014.