Time Warner Cable 2013 Annual Report Download - page 13

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Time Warner had an outstanding year in 2013, and as we look back on
it, I first want to acknowledge the inspiring work of our employees
and our creative partners. What we all share is a dedication to light
up the world with the best storytelling across technological frontiers and
geographic boundaries. At the same time, our company has an unwavering
commitment to deliver strong financial returns to our shareholders, and
we’re really pleased not just with the progress we’ve made so far but also
with how we’ve been investing to position our company for the future.
As the preceding pages highlight, we’ve been following a clear strategy
we established several years ago to become the world’s leading video
content company, with an emphasis on television. And it’s been working,
both financially and creatively. Turner Broadcasting, Home Box Oce, and
Warner Bros. all just completed the most profitable year in their histories.
Our strategy is our guide, but it’s our people, brands, and leading scale
that attract the best talent with the best ideas, and then help creators and
journalists realize their visions and share them with the world.
From a creative perspective, we continue to set new standards —
exemplified by Warner Bros.’ 2014 Academy Award-winning films Gravity,
The Great Gatsby, and Her. What all these films have in common is not only
pioneering use of (and, in the case of Her, exploration of) technology, but
also a powerful narrative core that audiences connected with deeply and
emotionally. With 10 Oscars — led by seven for Gravity, including Best
Director for Alfonso Cuarón — Warner Bros. films received more Academy
Awards than all the other major studios combined. Financially, Warner Bros.
also had its best theatrical year on record and it ranked #1 at the domestic,
international, and worldwide box oces, with its films grossing over $5
billion at the worldwide box oce. It was also the fifth straight year that
Warner Bros. films grossed over $4 billion at the worldwide box oce, an
industry record.
Technology is not only making our films, television programming, and
journalism more vibrant and easily accessible to audiences, but has also
helped enable an unprecedented era of quality and choice. Warner Bros. has
been a leader of the TV renaissance, with more than 60 shows in production
across broadcast and cable networks for the 2013-2014 television season
A MESSAGE
FROM THE CHAIRMAN AND CEO
11
Je Bewkes
Chairman and CEO