Time Magazine 2015 Annual Report Download - page 22

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Home Box Office Programming
Home Box Office continues to invest in high quality original programming for HBO and Cinemax. HBO’s domestic
original programming features award-winning and critically acclaimed dramatic and comedy series, such as Game of
Thrones,Girls,The Leftovers,Last Week Tonight with John Oliver,Silicon Valley,True Detective and Veep, as well as HBO
films, such as Bessie and Nightingale, mini-series, such as Olive Kitteridge and Show Me a Hero, boxing matches and other
sports programming, documentaries, such as Citizenfour,Going Clear: Scientology and the Prison of Belief and The Jinx:
The Life and Death of Robert Durst, and comedy and music specials. The quality and diversity of HBO’s original
programming differentiates HBO from other content providers, while enhancing 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. In 2015, Home Box Office premiered new series
Ballers,The Brink and Togetherness. In February 2016, Home Box Office premiered Vinyl, a new series from Martin
Scorsese and Mick Jagger, and it plans to premiere five additional new series in 2016, including Divorce (starring Sarah
Jessica Parker), The Night Of (starring John Turturro) and Vice Principals (starring Danny McBride). Home Box Office has
also worked closely with Warner Bros. on original programming such as The Leftovers and The Casual Vacancy.
Home Box Office is also expanding the scope of the programming it offers to reach new audiences and support both its
premium pay television services and HBO NOW. In 2016, Home Box Office will add new episodes and over 150 library
episodes of Sesame Street to its kids programming, and will also begin airing a daily newscast from VICE and original
programming from Bill Simmons and Jon Stewart.
Cinemax’s original primetime series in 2015 included Banshee, The Knick and Strike Back. In 2016, Cinemax plans to
premiere the series Outcast and air a new season of Banshee.
Domestically, a significant portion of the programming on the HBO and Cinemax services consists of uncut and
uncensored feature films, including recently-released feature films. Home Box Office has long-term licensing agreements
with major film studios and independent producers and distributors, including Warner Bros., Twentieth Century Fox (“Fox”),
Universal Pictures (“Universal”) and Summit Entertainment. The agreements provide Home Box Office the exclusive right
to exhibit and distribute on its premium pay television services and digital platforms the entire feature film slate theatrically
released in the U.S. by these studios during specified release years (other than certain animated films and certain other
specified films) during the applicable license period. A majority of these agreements cover theatrical film slates through
release year 2021 or beyond. Half of the top 40 feature films theatrically released in 2015 (as determined based on domestic
box office receipts) will be exhibited exclusively on the HBO and Cinemax premium pay television services and digital
platforms during the applicable license periods. Home Box Office also has agreements to license older films with Fox,
Universal, Warner Bros. and a number of other major studios and independent distributors.
Outside the U.S., a substantial portion of the programming on Home Box Office’s premium pay, basic tier television and
streaming 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,
Home Box Office’s international content offerings 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 Businesses and Revenues
Domestic Premium Pay Television and Streaming Services
Home Box Office generates revenues principally from providing its programming to domestic affiliates and other
distributors that distribute the programming to their customers who subscribe to the HBO and Cinemax services. At
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