Time Magazine 2013 Annual Report Download - page 27

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2012, WBDD launched Disc to Digital, which allows consumers to obtain digital copies of their previously
purchased physical DVD and Blu-ray collections and, in 2013, in-home offerings of the service were launched by
multiple retailers. WBDD also launched Warner Archive Instant in 2013, a subscription streaming service
focused on rare and hard-to-find movies and television shows from the Warner Bros. library. The service is
available across multiple digital platforms.
Warner Bros. Interactive Entertainment (“WBIE”), a division of WBHE, is a developer, publisher and
distributor of interactive entertainment, including videogames, social networking games and mobile games.
WBIE’s games are distributed in physical formats for various console, PC/Mac and handheld platforms, as well
as digitally on multiple online and mobile platforms. In addition, WBIE develops, publishes and operates
massively multiplayer online games through Turbine Inc. (“Turbine”), a subsidiary of WBHE. WBIE’s
videogames are based on newly created intellectual property, as well as intellectual properties owned by Warner
Bros., DC Comics and third party licensors. In 2013, WBIE’s significant releases for traditional console, PC/Mac
and handheld platforms included Batman: Arkham Origins,Injustice: Gods Among Us and LEGO Marvel Super
Heroes. WBIE’s significant releases for mobile apps platforms in 2013 included Injustice: Gods Among Us and
LEGO Batman 2: DC Super Heroes. In addition, WBIE launched The Hobbit: Kingdoms of Middle Earth, which
was released in late 2012, on additional mobile apps platforms in 2013. WBIE also licenses Warner Bros. and
DC Comics properties for online, mobile and traditional videogames on various platforms to other companies,
and it publishes and distributes videogame titles that are owned by other companies.
Warner Bros. Consumer Products Inc. licenses rights to manufacturers, publishers, retailers, theme park
operators and other licensees both domestically and internationally to the names, likenesses, images, logos and
other representations of characters and copyrighted material from the motion pictures and television series
produced or distributed by Warner Bros., including Harry Potter, the superhero characters of DC Comics,
Hanna-Barbera characters and Looney Tunes. Also included are classic films such as The Wizard of Oz and Gone
with the Wind.
DC Entertainment works closely with other Warner Bros. businesses to strategically integrate the content
from its DC Comics, Vertigo and MAD Magazine brands in feature films, television programming, consumer
products, home entertainment and videogames. The DC Comics imprint, home to such iconic characters as
Batman,Superman and Wonder Woman, publishes on average more than 80 comic books and 25 graphic novels
per month. DC Entertainment’s Vertigo imprint publishes comic books and graphic novels and is home to
critically-acclaimed titles such as Sandman,Fables,Trillium,American Vampire and The Wake. MAD Magazine
publishes bi-monthly issues of the magazine, as well as special-edition books and magazines. In addition, DC
Entertainment is a leader in digital publishing, with more than 14,000 comic books and graphic novels available
on multiple distribution platforms.
Time Inc.
Time Warner’s publishing business is conducted primarily by Time Inc. On March 6, 2013, Time Warner
announced that its Board of Directors has authorized management to proceed with plans for the complete legal
and structural separation of Time Inc. from Time Warner (the “Time Separation”). The Time Separation is
expected to be effected as a spin-off of Time Inc. In the Time Separation, Time Warner will distribute all of its
Time Inc. common stock to Time Warner shareholders, and Time Inc. will become an independent publicly-
traded company. The Time Separation is contingent on the satisfaction of a number of conditions, including the
effectiveness of a registration statement on Form 10 that Time Inc. has filed with the SEC. Time Warner expects
to complete the Time Separation during the second quarter of 2014.
Time Inc. is the largest magazine publisher in the U.S. based on both readership, as measured by GfK
Mediamark Research and Intelligence, and print advertising revenues, as measured by Publishers Information
Bureau (“PIB”). As of December 31, 2013, Time Inc. published 23 magazines in print in the U.S., including
People,Sports Illustrated,InStyle,Time,Real Simple,Southern Living,Entertainment Weekly and Fortune.On
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