EXHIBIT 21
SUBSIDIARIES OF TIME WARNER INC.
Set forth below are the names of certain subsidiaries, at least 50% owned,
directly or indirectly, of Time Warner and TWE as of December 31, 1997, unless
otherwise indicated. Certain subsidiaries which when considered in the aggregate
would not constitute a significant subsidiary are omitted from the list below.
Indented subsidiaries are direct subsidiaries of the company under which they
are indented.
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
- -------------------------------------------------------------------------------- ---------- ---------------------
TIME WARNER INC. (Registrant): Delaware
Turner Broadcasting System, Inc............................................... 100 Georgia
Turner Arena Productions and Sales, Inc.................................... 100 Georgia
Atlanta Coliseum, Inc.................................................... 100 Georgia
The Omni Promotions Management Company................................... 100 Georgia
Seats, Inc............................................................... 100 Georgia
Atlanta National League Baseball Club, Inc................................. 100 Georgia
Hawks Basketball, Inc...................................................... 100 Georgia
Atlanta Hawks, L.P....................................................... 100 Georgia
Cable News Network, Inc.................................................... 100 Georgia
Cable News International, Inc............................................ 100 Delaware
CNN America, Inc......................................................... 100 Delaware
CNN Germany, Inc......................................................... 100 Georgia
CNN Newsource Sales, Inc................................................... 100 Georgia
Castle Rock Entertainment, Inc............................................. 100 Georgia
Castle Rock Entertainment................................................ 100(1) California
Goodwill Games, Inc........................................................ 100 Georgia
HB Holding Co.............................................................. 100 Delaware
Hanna-Barbera Entertainment Co., Inc..................................... 100 California
New Line Cinema Corporation................................................ 100 Delaware
Turner Entertainment Group, Inc............................................ 100 Georgia
Turner Entertainment Networks, Inc....................................... 100 Georgia
Turner Entertainment Networks Asia, Inc............................... 100 Georgia
Turner Network Television, Inc........................................ 100 Georgia
Superstation, Inc................................................... 100 Georgia
Turner Original Productions, Inc................................. 100 Georgia
The Cartoon Network, Inc............................................ 100 Georgia
Turner Classic Movies, Inc.......................................... 100 Georgia
Turner Home Entertainment, Inc........................................ 100 Georgia
Turner Learning, Inc................................................ 100 Georgia
Turner Publishing, Inc.............................................. 100 Georgia
Turner Retail Company............................................... 100 Georgia
Turner Pictures Group, Inc................................................. 100 Georgia
Turner Entertainment Co............................................... 100 Georgia
H-B Distribution Co................................................. 100 Georgia
TBS Funding Corp........................................................... 100 Georgia
Turner Broadcasting Sales, Inc............................................. 100 Georgia
Turner Broadcasting System Asia Pacific, Inc............................... 100 Georgia
Turner Home Satellite, Inc................................................. 100 Georgia
Turner Broadcasting System Limited......................................... 100 U.K.
Turner International Advertising Sales Limited........................... 100 U.K.
Turner International Network Sales Limited............................... 100 U.K.
1
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
- -------------------------------------------------------------------------------- ---------- ---------------------
Turner International, Inc.................................................. 100 Georgia
Turner Network Sales, Inc.................................................. 100 Georgia
Turner Omni Venture, Inc................................................... 100 Georgia
ICC Ventures, Inc.......................................................... 100 Georgia
CNN Center Ventures...................................................... 100(2) Georgia
Turner Private Networks, Inc............................................... 100 Georgia
Turner Properties, Inc..................................................... 100 Georgia
Turner Sports, Inc......................................................... 100 Georgia
Turner Sports International Enterprises, Inc............................. 100 Georgia
World Championship Wrestling, Inc.......................................... 100 Georgia
Time Warner Companies, Inc.................................................... 100 Delaware
Asiaweek Limited........................................................... 80 Hong Kong
Sunset Publishing Corporation.............................................. 100 Delaware
Time International Inc..................................................... 100 Delaware
Time Inc.(3)............................................................... 100 Delaware
American Family Enterprises (partnership)................................ 50 New York
Book-of-the-Month Club, Inc.............................................. 100 New York
Entertainment Weekly, Inc................................................ 100 Delaware
Little, Brown and Company (Inc.)......................................... 100 Massachusetts
Time Distribution Services, Inc.......................................... 100 Delaware
Time Customer Serivce, Inc............................................... 100 Delaware
Time Publishing Ventures, Inc............................................ 100 Delaware
Southern Progress Corporation(4)...................................... 100 Delaware
Time Inc. Ventures....................................................... 100 Delaware
Health Publications, Inc.............................................. 100 Delaware
Hippocrates Partners (partnership).................................. 50 California
TWC Ventures............................................................. 100 Delaware
Time Life Inc............................................................ 100 Delaware
Time-Life Customer Service, Inc....................................... 100 Delaware
Warner Books, Inc........................................................ 100 New York
Warner Publisher Services Inc............................................ 100 New York
Time TBS Holdings, Inc..................................................... 100 Delaware
TW Service Holding I, L.P. (partnership)................................... (5) Delaware
TW Service Holding II, L.P. (partnership).................................. (5) Delaware
TW Programming Co. (partnership)......................................... (6) New York
TW Cable Service Co. (partnership)....................................... (7) New York
Time Warner Connect (partnership)........................................ (7) New York
WCI Record Club Inc........................................................ 100(8) Delaware
The Columbia House Company (partnership)................................. 50 New York
Warner Communications Inc.................................................. 100 Delaware
DC Comics (partnership).................................................. 50(9) New York
Warner-Tamerlane Publishing Corp......................................... 100 California
WB Music Corp............................................................ 100 California
HBO Film Management, Inc................................................. 100 Delaware
NPP Music Corp........................................................... 100 Delaware
Warner/Chappell Music, Inc............................................... 100 Delaware
Warner Bros. Music International Inc.................................. 100 Delaware
Warner Bros. Publications U.S. Inc............................... 100 New York
New Chappell Inc.(10).......................................... 100 Delaware
Super Hype Publishing, Inc............................................ 100 New York
2
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
- -------------------------------------------------------------------------------- ---------- ---------------------
Cotillion Music, Inc.................................................. 100 Delaware
Walden Music, Inc..................................................... 100 New York
Summy-Birchard, Inc................................................... 100 Wyoming
CPP/Belwin, Inc....................................................... 100 Delaware
Lorimar Motion Picture Management, Inc................................... 100 California
E.C. Publications, Inc................................................... 100 New York
Warner Music Group Inc................................................... 100 Delaware
Warner Bros. Records Inc................................................. 100 Delaware
Atlantic Recording Corporation........................................ 100 Delaware
Warner-Elektra-Atlantic Corporation................................... 100 New York
WEA International Inc.(11)............................................... 100 Delaware
Warner Music Canada Ltd............................................... 100 Canada
The Columbia House Company (Canada) (partnership)................... 50 Canada
Warner Special Products Inc.............................................. 100 Delaware
Warner Custom Music Corp.............................................. 100 California
WEA Manufacturing Inc.................................................... 100 Delaware
Allied Record Company................................................. 100 California
Time Warner Limited...................................................... 100 U.K.
Warner Music International Services Ltd............................... 100 U.K.
Time Warner UK Limited.............................................. 100 U.K.
Warner Chappell Music Group (UK) Ltd................................ 100 U.K.
Warner Chappell Music Limited.................................... 100 U.K.
Magnet Music Ltd............................................... 100 U.K.
Warner Music (U.K.) Limited......................................... 100 U.K.
Ivy Hill Corporation..................................................... 100 Delaware
TWI Ventures Ltd......................................................... 100 Delaware
American Television and Communications Corporation ('ATC')................. 100(12) Delaware
ATC/PPV, Inc............................................................. 100 Delaware
Philadelphia Community Antenna Television Company........................ 100 Pennsylvania
TWI Cable Inc.(13)......................................................... 100 Delaware
TW/Kblcom Inc.(14)....................................................... 100 Delaware
KBL Communications, Inc............................................... 100 Delaware
Paragon Communications (partnership)................................ 100(15) Colorado
Summit Communications Group, Inc......................................... 100 Delaware
Summit Cable Inc...................................................... 100 Delaware
Summit Cable Services of Georgia, Inc............................... 100 Delaware
Summit Cable Services of Forsyth County, Inc........................ 100 Delaware
Summit Cable Services of Thom-A-Lex, Inc............................ 100 Delaware
TW/TAE Holding, Inc........................................................ 100 Delaware
TW/TAE, Inc.............................................................. 100 Delaware
SUBSIDIARIES OF TIME WARNER ENTERTAINMENT COMPANY, L.P.
Time Warner Entertainment-Advance/Newhouse Partnership.......................... 66.67 New York
CV of Viera Joint Venture (partnership)....................................... 50 Florida
Time Warner Communications Holdings Inc.(16).................................... 100 Delaware
Century Venture Corporation..................................................... 50 Delaware
Erie Telecommunications, Inc.................................................... 54.19 Pennsylvania
Kansas City Cable Partners...................................................... 50 Colorado
Time Warner Cable New Zealand Holdings Ltd...................................... 100(17) New Zealand
Public Cable Company (partnership).............................................. 77 Maine
3
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
- -------------------------------------------------------------------------------- ---------- ---------------------
Queens Inner Unity Cable System................................................. 66.01 New York
Comedy Partners, L.P. (partnership)............................................. 50 New York
Warner Cable of Vermont Inc..................................................... 100 Delaware
HBO Direct, Inc................................................................. 100 Delaware
TWE Asia, Inc................................................................. 100 Delaware
TW Buffer Inc................................................................. 100 Delaware
Warner Bros. (F.E.) Inc.................................................... 100 Delaware
Warner Bros. (Japan) Inc................................................... 100 Delaware
Warner Bros. (South) Inc................................................... 100 Delaware
Warner Bros. (Transatlantic) Inc........................................... 100 Delaware
Bethel Productions Inc................................................... 100 Delaware
Warner Films Consolidated Inc.............................................. 100 Delaware
Exeter Distributing Inc.................................................. 100 Delaware
Riverside Avenue Distributing Inc........................................ 100 Delaware
HBO Asia Holdings, L.P. (partnership)........................................... 100(18) Delaware
HBO Pacific Partners, C.V..................................................... 83.33 Neth. Antiles
Home Box Office (Singapore) Pty. Ltd....................................... 100 Singapore
Turner/HBO Ltd. Purpose Joint Venture (partnership)............................. 50 New York
Acapulco 37 S.A. de C.V......................................................... 100 Mexico
Warner Bros. Gesellschaft mbH................................................... 100 Austria
Time Warner Entertainment Limited............................................... 100 U.K.
The Bountiful Company Limited................................................. 50 U.K.
Warner Bros. Studio Stores Ltd................................................ 100 U.K.
Warner Bros. Consumer Products (UK) Ltd....................................... 100 U.K.
TWE Finance Limited........................................................... 100 U.K.
Warner Bros. Theatres Ltd..................................................... 100 U.K.
Warner Bros. Distributors Ltd................................................. 100 U.K.
Lorimar Telepictures International Ltd..................................... 100 U.K.
Warner Bros. International Television Distribution Italia S.p.A.......... 100 Italy
Warner Bros. Theatres (U.K.) Limited.......................................... 100 U.K.
Warner Bros. Theatres Advertising Agency Limited........................... 100 U.K.
Warner Bros. Productions Limited.............................................. 100 U.K.
Warner Home Video (U.K.) Limited.............................................. 100 U.K.
Lorimar Distribution International (Canada) Corp................................ 100 Canada
Lorimar Canada Inc.............................................................. 100 Canada
Productions et Editions Cinematographiques Francaises SARL (PECF)............... 100 France
Warner Home Video France S.A.................................................. 100 France
Time Warner Entertainment Australia Pty. Ltd.................................... 100 Australia
Lorimar Telepictures Pty. Limited............................................. 100 Australia
Warner Bros. (Australia) Pty. Ltd............................................. 100 Australia
Warner Holdings Australia Pty. Limited........................................ 100 Australia
Warner Bros. Properties (Australia) Pty. Ltd............................... 100 Australia
Warner Bros. Theatres (Australia) Pty. Limited............................. 100 Australia
Warner World Australia Pty. Limited........................................ 100 Australia
Movie World Enterprises Partnership (partnership)........................ 50 Australia
Warner Home Video Pty. Limited............................................. 100 Australia
Warner Bros. Video Pty. Ltd.............................................. 100 Australia
Warner Sea World Aviation Pty. Ltd......................................... 100 Australia
Sea World Aviation Partnership (partnership)............................. 50 Australia
Warner Sea World Investments Pty. Limited.................................. 100 Australia
4
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
- -------------------------------------------------------------------------------- ---------- ---------------------
Sari Lodge Pty. Limited.................................................. 50 Australia
Sea World Management Pty. Ltd......................................... 100 Australia
Warner Sea World Operations Pty. Ltd....................................... 100 Australia
Sea World Enterprises Partnership (partnership).......................... 50 Australia
Warner Sea World Units Pty. Ltd............................................ 100 Australia
Time Warner Germany Holding GmbH................................................ 100(19) Germany
Time Warner Entertainment Germany GmbH........................................ 100 Germany
Time Warner Entertainment Germany GmbH and Co. OHG......................... 100(20) Germany
Warner Bros. Movie World GmbH & Co. KG................................... 60 Germany
Warner Bros. Deutschland Pay TV GmbH....................................... 100 Germany
Warner Home Video GmbH..................................................... 100 Germany
Warner Home Video Spol SRO............................................... 100 Czech Republic
GWHS Grundstrucks Verwaltungs GmbH......................................... 100 Germany
Warner Bros. Film GmbH..................................................... 100 Germany
Warner Bros. Film GmbH Kinobetriebe...................................... 100 Germany
Warner Bros. Film GmbH Multiplex Cinemas Mulheim......................... 100 Germany
Time Warner Merchandising Canada Inc............................................ 100 Canada
Warner Bros. Canada Inc......................................................... 100 Canada
Warner Bros. Distributing (Canada) Limited...................................... 100 Canada
Warner Home Video (Canada) Ltd.................................................. 100 Canada
Warner Bros. (Africa) (Pty) Ltd................................................. 100 So. Africa
Warner Bros. Belgium SA/NV...................................................... 100 Belgium
Warner Bros. (D) A/S............................................................ 100 Denmark
Warner & Metronome Films A/S.................................................. 50 Denmark
Warner Bros. Theatres Denmark A/S............................................. 100 Denmark
Scala Biografome I/S (partnership)......................................... 50 Denmark
Dagmar Teatret I/S (partnership)........................................... 50 Denmark
Warner Bros. Film Ve Video Sanayi Ve Ticaret A.S................................ 100 Turkey
Warner Bros. Finland OY......................................................... 100 Finland
Warner Bros. (Holland) B.V...................................................... 100 Netherlands
Warner Home Video (Nederland) B.V............................................. 100 Netherlands
Warner Bros. Theatres (Holland) B.V........................................... 100 Netherlands
Warner Bros. Holdings Sweden AB................................................. 100 Sweden
Warner Bros. (Sweden) AB...................................................... 100 Sweden
Warner Home Video (Sweden) AB................................................. 100 Sweden
Warner Bros. Italia S.p.A....................................................... 100 Italy
Warner Entertainment Italia S.r.L............................................. 100 Italy
Warner Bros. (Korea) Inc........................................................ 100 Korea
Warner Bros. (Mexico) S.A....................................................... 100 Mexico
Warner Bros. (N.Z.) Limited..................................................... 100 New Zealand
Warner Home Video (N.Z.) Limited.............................................. 100 New Zealand
Warner Bros. Norway A/S......................................................... 100 Norway
Warner Bros. Singapore Pte. Ltd................................................. 100 Singapore
Warner Home Video (Ireland) Ltd................................................. 100 Ireland
Warner Home Video Portugal Lda.................................................. 100 Portugal
Warner-Lusomundo Sociedade Iberica de Cinemas Lda............................... 50 Portugal
Warner Home Video Espanola S.A.................................................. 100 Spain
Warner Bros. Consumer Products S.A............................................ 100 Spain
Warner Mycal Corporation........................................................ 50 Japan
Kabelkom Management Co. (partnership)(21)....................................... 50 Delaware
5
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
- -------------------------------------------------------------------------------- ---------- ---------------------
Hungary Holding Co.............................................................. 100(19) Delaware
Kabelkom Holding Co. (partnership)(21)........................................ 50 Delaware
Quincy Jones Entertainment Company L.P. (partnership)........................... 50 Delaware
DC Comics (partnership)......................................................... 50(9) New York
HBO Ceska Republika, S.R.O...................................................... 100 Czech Republic
- ------------
(1) TBS owns 69.31% and Castle Rock Entertainment, Inc. owns 30.69%.
(2) Turner Omni Venture, Inc. owns 75% and ICC Ventures, Inc. owns 25%.
(3) The names of five subsidiaries of Time Inc. carrying on the magazine
publishing business are omitted.
(4) The names of nine subsidiaries of Southern Progress Corporation carrying on
the magazine or book publishing business are omitted.
(5) The General Partners of TWE own 87.5% and TW/TAE, Inc. and Time Warner
Companies, Inc. each own 6.25% as limited partners.
(6) TWE owns 99% and TW Service Holding II, L.P. owns 1%.
(7) TW Service Holding I, L.P. owns 99% and TW Service Holding II, L.P. owns
1%.
(8) Time Warner Companies, Inc. owns 80% and Warner Communications Inc. owns
20%.
(9) Warner Communications Inc. owns 50% and TWE owns 50%.
(10) The names of 16 subsidiaries of New Chappell Inc. carrying on substantially
the same music publishing operations in foreign countries are omitted.
(11) The names of 34 subsidiaries of WEA International Inc. carrying on
substantially the same record, tape and video cassette distribution
operations in foreign countries are omitted.
(12) Time Warner Companies, Inc. owns 86.34%, Warner Communications Inc. owns
7.8% and Time TBS Holdings, Inc. owns 5.86%.
(13) The names of 42 subsidiaries of TWI Cable Inc. carrying on the cable
television business are omitted.
(14) The names of 21 subsidiaries of TW/Kblcom Inc. carrying on the cable
television business are omitted.
(15) KBL Communications Inc. owns 54.0797% of Paragon Communications, ATC owns
0.6672% and the remaining 45.2531% is owned by TWI Cable Inc. through its
subsidiaries.
(16) The names of 21 subsidiaries of Time Warner Communications Holdings Inc.
carrying on the same alternate access operations are omitted.
(17) TWE owns 99% and Time Warner Companies, Inc. owns 1%.
(18) TWE owns 99% and TWE Asia Inc. owns 1%.
(19) TWE owns 99% and HBO Direct, Inc. owns 1%.
(20) Time Warner Entertainment Germany GmbH owns 85% and Time Warner Germany
Holding GmbH owns 15%.
(21) The names of 13 subsidiaries of Kabelkom Management Co. and Kabelkom
Holding Co. carrying on substantially the same cable television operations
in Hungary are omitted.
6