Time Magazine 2011 Annual Report Download - page 21

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programming on the Hulu Plus subscription service and the free, advertising-supported Hulu website. The most
recent five episodes of the network’s primetime series appear on Hulu Plus the morning after they air on The CW
and then become available on Hulu’s advertising-supported website eight days after they air on The CW.
The Company holds an approximate 34% economic interest in Central Media Enterprises Ltd., a publicly-
traded broadcasting company that operates leading networks in six Central and Eastern European countries as of
December 31, 2011.
Filmed Entertainment
The Company’s Filmed Entertainment businesses produce and distribute feature films, television 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 films produced by third parties. Warner Bros.’ feature films are produced
under the Warner Bros. Pictures and New Line Cinema banners.
Warner Bros.’ feature film strategy focuses on offering a diverse slate of feature films with a mix of genres,
talent and budgets that includes several “event” films each year and building and leveraging franchises, such as
Batman,Harry Potter and The Lord of the Rings. During 2011, Warner Bros. released 22 original films for
theatrical exhibition, including Green Lantern,The Hangover Part II,Harry Potter and the Deathly Hollows:
Part 2,Horrible Bosses and Sherlock Holmes: A Game of Shadows. Of the films released during 2011, seven
were released in 3D format, including Green Lantern,Happy Feet 2 and Harry Potter and the Deathly Hollows:
Part 2. Warner Bros. released one film in January 2012, and plans to release 21 additional films throughout the
year, including The Dark Knight Rises,Dark Shadows,The Gangster Squad,Gravity,The Great Gatsby,The
Hobbit: An Unexpected Journey,Rock of Ages and Wrath of the Titans. Of the original feature films expected to
be released during 2012, Warner Bros. expects to release six in 3D format, including Gravity,The Great Gatsby,
The Hobbit: An Unexpected Journey and Wrath of the Titans. Release dates for Warner Bros.’ feature 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 2011, Warner Bros. released 20 such English-language and 23 such local-
language films.
After their theatrical exhibition, Warner Bros. licenses its newly produced films, as well as films from its
library, both domestically and internationally for distribution in various windows on broadcast and cable
networks and premium pay television services and 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 four to six months
following their release to theatrical exhibition, with the 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 (including, for most new
release titles, an UltraViolet digital copy), video on demand (“VOD”) and electronic sell-through (“EST”).
Warner Bros. generally releases newly produced films to brick and mortar retailers, by-mail and kiosk rental
services 28 to 56 days following their release to other home entertainment channels. Following the release of
newly produced films in the home entertainment window, Warner Bros. licenses its newly produced films, as
well as films from its library, for distribution in various windows to broadcast and cable networks and premium
pay television services 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. and internationally. WBTVG both develops and produces
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