WarnerMedia global operating income 2018-2020

On June 14, 2018, Time Warner was acquired by multinational conglomerate AT&T, who subsequently renamed Time Warner ‘WarnerMedia’. AT&T reported WarnerMedia’s global operating income as 8.19 billion U.S. dollars in 2020. Previous figures can be viewed for the purposes of tracking Time Warner’s income but due to being recorded pre-acquisition, cannot be compared to the company’s 2020 income. What were the results of the AT&T-Time Warner acquisition? The acquisition cost AT&T 85 billion U.S. dollars, and allowed AT&T to greatly increase its media holdings which it can leverage to support and grow existing and future direct-to-consumer services. AT&T now also owns WarnerMedia Entertainment subsidiary HBO, which includes streaming services HBO Go and HBO Now. New service HBO Max will launch in 2020 featuring popular American sitcom ‘Friends’, which will be removed from rival platform Netflix for the occasion. AT&T also reorganized its broadcasting assets by dissolving Turner Broadcasting and dispersing it across WarnerMedia – WarnerMedia Entertainment is now comprised of HBO, TNT, TruTV, and TBS, and will also include HBO Max. Meanwhile, Cartoon Network, Adult Swim and others were moved to Warner Bros. and all sports content now comes under WarnerMedia News & Sports. WarnerMedia generated between eight and nine billion U.S. dollars in revenue in the quarters directly after the acquisition, and as such looks to be a lucrative investment for its new owner.

2018年6月14日，时代华纳被跨国企业集团AT&T收购，随后将时代华纳更名为华纳媒体。AT&T在2020年报告称，华纳媒体全球运营收入为81.9亿美元。由于前述数据记录于收购前，故无法与公司2020年的收入进行对比。AT&T-Time Warner的收购结果如下：此次收购耗费AT&T850亿美元，使得AT&T大幅增加其媒体资产，这些资产可被用于支持和扩展现有及未来的直接面向消费者的服务。AT&T现在还拥有华纳媒体娱乐子公司HBO，包括流媒体服务HBO Go和HBO Now。新服务HBO Max将于2020年推出，届时将推出热门美国情景喜剧《老友记》，该剧将为此从竞争对手Netflix平台上移除。AT&T还对其广播资产进行了重组，解散了特纳广播公司，并将其业务分散至华纳媒体——华纳媒体娱乐现在包括HBO、TNT、TruTV和TBS，并将包含HBO Max。同时，卡通网络、成人游泳频道以及其他频道被转移到华纳兄弟，所有体育内容现在均归华纳媒体新闻与体育部门管理。收购后，华纳媒体在接下来的几个季度内实现了80至90亿美元的营收，因此对于其新东家而言，这显然是一项具有丰厚回报的投资。