Time Magazine 2015 Annual Report Download - page 26

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beyond their initial airing on television. Warner Bros. also licenses its feature films to broadcast and cable networks, SVOD
and other OTT services and premium pay television services (including HBO) starting approximately eight to eleven months
following their theatrical release. During 2015, Warner Bros. licensed more than 900 feature films and over 3,000 hours of
feature film programming to television networks, premium pay television services and SVOD and other OTT services.
In international territories, Warner Bros. licenses rights to exhibit feature films and original television series to television
networks, premium pay television services, basic tier television services and SVOD services, free video on demand services
(“FVOD”) and other digital services. In addition, Warner Bros. licenses rights to exhibit feature films to Hollywood VIP, a
transactional VOD and SVOD service operated by Tencent in China in which Warner Bros. holds a minority interest, and
feature films and original television series to HOOQ, an SVOD service operating in India, the Philippines and Thailand,
which is owned by Warner Bros., Singtel Telecommunications Limited and Sony Pictures Television. During 2015, Warner
Bros. licensed thousands of hours of programming, dubbed or subtitled in more than 90 languages, to international
distributors in more than 190 countries.
As the worldwide demand for locally produced, local language programming increases, Warner Bros. is focused on
expanding its international local production business. Warner Bros. is developing programming specifically tailored for local
audiences through its global network of production companies. Warner Bros. is also focusing on adapting international local
programming into formats that can be produced by its local production companies in additional territories, including the
U.S. For example, The Bachelor (a format owned by Warner Bros. that originated in the U.S.) is being adapted and produced
in multiple international territories.
The revenues generated by Warner Bros.’ television business consist of (1) fees for the initial broadcast of Warner Bros.’
television programming on U.S. broadcast and cable television networks and premium pay television and SVOD and other
OTT services, (2) fees for the airing or other distribution of its television programming after its initial broadcast in secondary
U.S. distribution channels (such as basic cable networks, local television stations and SVOD and other OTT services),
(3) fees for the international distribution of Warner Bros.’ television programming for free-to-air television, basic tier
television services, premium pay television services and SVOD and other OTT services, including FVOD services, and
(4) revenues from the sale of the television programming of Warner Bros. and other companies in physical and digital
formats. Warner Bros.’ television programming also supports Warner Bros.’ key franchises, which helps generate consumer
product revenues based on the programming for years beyond the initial airing of the programming on television.
Feature Films
Warner Bros. is a leader in the feature film business and produces feature films under its Warner Bros. and New Line
Cinema banners. Warner Bros. also enters into arrangements with others to co-produce and co-finance feature films. Warner
Bros. produces and distributes a wide-ranging slate of films, and it is focused on expanding its film slate, built around its
strongest franchises with global appeal.
In January 2015, Warner Bros. widely released American Sniper. During 2015, Warner Bros. released 24 original feature
films for distribution in the U.S., including Black Mass,Creed,Mad Max: Fury Road,Get Hard,Magic Mike XXL,Point
Break and San Andreas. Of the films released during 2015, six were released in 3D format, including Point Break and San
Andreas, and eight were formatted for viewing on IMAX screens, including Mad Max: Fury Road. In February and March
2016, Warner Bros. released three films, including Batman v Superman: Dawn of Justice, and it plans to release an additional
16 films during 2016, including another film based on DC Entertainment’s universe of characters (Suicide Squad) and a film
set in the world of Harry Potter (Fantastic Beasts and Where to Find Them).
Internationally, Warner Bros. produces and distributes both English language and local language films for theatrical
exhibition in more than 125 territories outside the U.S. Warner Bros. uses both day and date and a staggered release schedule
for its international releases. In 2015, Warner Bros. released internationally 22 English-language films and 24 local-language
films that it either produced itself or acquired from other companies. In September 2015, Warner Bros. announced it had
entered into a joint venture with China Media Capital to develop and produce a slate of Chinese-language films, including
event films, for distribution in China and elsewhere around the world.
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