Time Magazine 2014 Annual Report Download - page 22

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Internationally, CNN is the most widely distributed news network reaching almost 300 million households outside the
U.S. as of December 31, 2014. CNN Worldwide is a portfolio of more than 20 news and information services across cable,
satellite, radio, wireless devices and the Internet in more than 200 countries as of December 31, 2014.
HLN is a CNN Worldwide network that focuses on news, information, videos and other content curated from multiple
social media platforms. For the 2014-2015 season, HLN’s programs include Dr. Drew On Call,Morning Express with Robin
Meade and Nancy Grace.
Home Box Office
Home Box Office, Inc. (“Home Box Office”) owns and operates leading multichannel premium pay television services,
HBO and Cinemax. Its businesses consist principally of premium pay television services domestically and premium pay and
basic tier television services internationally, a domestic and an international “stand-alone” streaming service, as well as home
entertainment and content licensing. At December 31, 2014, Home Box Office had approximately 138 million worldwide
subscribers, which consisted of approximately 46 million domestic premium pay subscribers and approximately 92 million
international premium pay and basic tier television service subscribers through international unconsolidated joint ventures.
Home Box Office Programming
HBO’s domestic original programming features award-winning and critically acclaimed dramatic and comedy series, such
as Game of Thrones,Girls,Last Week Tonight with John Oliver,The Leftovers,Silicon Valley,True Detective and VEEP,as
well as HBO films and mini-series, such as The Normal Heart and Olive Kitteridge, boxing matches and other sports
programming, documentaries and comedy and music specials. The quality and diversity of HBO’s original programming
differentiates HBO from other premium pay television services, basic television networks and SVOD services and enhances
the value of the HBO brand both domestically and internationally. This programming also continues to build the value of
Home Box Office’s content library while increasing the value of HBO across its businesses.
Home Box Office continues to expand HBO’s roster of original series and to work closely with Warner Bros. on original
programming. Home Box Office premiered new series True Detective in January 2014, Silicon Valley in April 2014 and The
Leftovers (produced by Warner Bros.) in June 2014. Home Box Office premiered its new series Togetherness in January
2015 and plans to premiere three additional new series, Ballers,The Brink and Westworld (produced by Warner Bros.), later
in 2015. In recent years, Cinemax has begun investing in original programming to enhance its brand. Cinemax’s original
primetime series in 2014 included Banshee and The Knick. In 2015 Cinemax will air new seasons of these shows and the
final season of Strike Back.
A significant portion of the programming on the domestic HBO and Cinemax services consists of uncut and uncensored
feature films, including recently-released feature films. Due to the importance of feature films to HBO and Cinemax
subscribers, Home Box Office has long-term licensing agreements of varying duration with major film studios, including
Warner Bros., Twentieth Century Fox, Universal Pictures and Summit Entertainment, and independent producers and
distributors. More than half of the top 25 feature films theatrically released in 2014 (as determined based on domestic box
office receipts) will be exhibited exclusively on the HBO and Cinemax premium pay television services during the applicable
license periods. Home Box Office also licenses older films from a number of major studios and independent distributors.
Outside the U.S., a substantial portion of the programming on Home Box Office’s premium pay and basic tier television
services consists of feature films licensed from major studios in the U.S. Home Box Office also licenses older films from a
number of major U.S. studios and other domestic and international independent distributors. In addition to films, the content
offerings on these international programming services may feature licensed HBO- and Cinemax-branded television
programming, local language original programming and/or U.S. television programming produced by other production
studios.
Home Box Office’s Business and Revenues
Domestic Services
Home Box Office generates revenues principally from providing its programming to domestic affiliates under long-term
arrangements that provide for annual service fee increases and have fees that are generally related to the number of the
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