Time Magazine 2010 Annual Report Download - page 18

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As of March 2, 2011, the Company held an approximately 34.4% interest in Central Media Enterprises Ltd., a
publicly-traded broadcasting company that operates leading networks in six Central and Eastern European
countries.
Filmed Entertainment
The Company’s Filmed Entertainment businesses produce and distribute theatrical motion pictures, television
shows, animation and other programming and videogames; distribute home video product; and license rights to the
Company’s feature films, television programming and characters. All of these businesses are principally conducted
by various subsidiaries and affiliates of Warner Bros. Entertainment Inc. that are known collectively as the Warner
Bros. Entertainment Group (“Warner Bros.”).
Warner Bros. produces feature films both wholly on its own and under co-financing arrangements with others,
and also distributes its films and completed films produced by others. Warner Bros.’ feature films are produced
under the Warner Bros. Pictures, New Line Cinema and Castle Rock banners.
Warner Bros.’ feature film strategy focuses on offering a diverse slate of films with a mix of genres, talent and
budgets that includes several “event” movies each year and building and leveraging franchises, such as Harry
Potter,Batman and The Lord of the Rings. During 2010, Warner Bros. released 23 original motion pictures for
theatrical exhibition, including Harry Potter and the Deathly Hollows: Part 1,Inception,Clash of the Titans,Sex
and the City 2 and Valentine’s Day. Of the original motion pictures for theatrical exhibition released during 2010,
five were released in 3D, including Clash of the Titans and Yogi Bear. During 2009, Warner Bros. released 26
original motion pictures for theatrical exhibition, including Harry Potter and the Half-Blood Prince,The Hangover,
Sherlock Holmes,The Blind Side and Invictus. Warner Bros. released one film in January 2011, and currently plans
to release 22 additional original motion pictures for distribution throughout the year, including Harry Potter and the
Deathly Hollows: Part 2,Green Lantern,Sherlock Holmes 2,Happy Feet 2 and The Hangover 2. Of the original
motion pictures expected to be released during 2011, Warner Bros. expects to release seven in 3D, including Harry
Potter and the Deathly Hollows: Part 2,Green Lantern and Happy Feet 2. Release dates for Warner Bros.’ theatrical
films are determined by a number of factors, including competition and the timing of vacation and holiday periods.
Warner Bros. also distributes feature films acquired or produced for theatrical exhibition in more than 125
international territories. In 2010, Warner Bros. released 17 such English-language and 27 such local-language films.
After their theatrical exhibition, Warner Bros. licenses its newly produced films, as well as films from its
library, for distribution in various windows on broadcast, cable, satellite and pay television channels both
domestically and internationally, including cable and pay television channels affiliated with the Company, and
it also distributes its films on DVD and Blu-ray Discs and in digital versions.
Newly produced films are released in the home entertainment window approximately three to six months
following their release to theatrical exhibition, with the actual release date being influenced by seasonality,
competitive conditions, film attributes and expected performance. In the U.S. and most major international markets,
Warner Bros. generally releases all films simultaneously for DVD and Blu-ray Disc sales, rental through brick and
mortar retailers, video on demand (“VOD”) and electronic sell-through (“EST”). Beginning in 2010, Warner Bros.
began releasing newly produced films to subscription services and discount kiosks 28 days following their release to
other home entertainment services. Approximately one year after their theatrical exhibition, Warner Bros. licenses
its newly produced films, as well as films from its library, for distribution in various windows on pay and free
television channels delivered by cable, satellite and other multi-channel video programming distributors both
domestically and internationally.
Warner Bros. has an extensive film library consisting of rights to over 6,000 films previously released by
Warner Bros. and other studios.
Warner Bros. Television Group (“WBTVG”) is one of the world’s leading suppliers of television programming,
distributing programming in the U.S. as well as in more than 220 international territories and in more than
145 languages. WBTVG both develops and produces new television series, reality-based entertainment shows and
animation programs for the Company’s networks and third parties. WBTVG licenses such programming for initial
telecast and off-network exhibition, VOD and EST. WBTVG also licenses programming from the Warner Bros.
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