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, 1993. 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
Asiaweek Limited.............................. 80 Hong Kong
Sunset Publishing Corporation................. 100 Delaware
Time International Inc. ...................... 100 Delaware
Time Inc.(1).................................. 100 Delaware
American Family Publishers (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
TDS Ventures, Inc. ......................... 100 Delaware
Time Distribution Services, L.P. (partner-
ship)...................................... 63 New York
Time Customer Service, Inc. ................ 100 Delaware
Time Publishing Ventures, Inc. ............. 100 Delaware
Southern Progress Corporation (2)......... 100 Delaware
Time Inc. Ventures.......................... 100 Delaware
Health Publications, Inc. ................ 100 Delaware
*Hippocrates Partners (partnership)..... 50 California
TWC Ventures Inc. .......................... 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)...... (3) Delaware
TW Service Holding II, L.P. (partnership)..... (3) Delaware
TW Programming Co. (partnership)............ (4) New York
TW Transmission Co. (partnership)........... (4) New York
TW Cable Service Co. (partnership).......... (4) New York
E/Court Holding Co. (partnership)........... (4) New York
TW/BET Holding Co. (partnership)............ (4) New York
TW/Three D Holding Co. (partnership)........ (4) New York
TWQ II Co. (partnership).................... (4) New York
TWQ I Co., L.P. (partnership)............... (5) Delaware
WCI Record Club Inc. ......................... 100(6) Delaware
The Columbia House Company (partnership).... 50 New York
Warner Communications Inc. ................... 100 Delaware
Atari Games Corporation..................... 79 California
DC Comics (partnership)..................... 50(7) New York
Warner Bros. Publications Inc. ............. 100 New York
Warner Bros. Music International Inc. ...... 100 Delaware
Warner-Tamerlane Publishing Corp. .......... 100 California
1
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
---- ---------- ----------------
WB Music Corp. ............................. 100 California
W Cinemas Holding Inc. ..................... 100 Delaware
W. Cinemas Inc. .......................... 100 Delaware
Alpha Theatres Inc. ...................... 100 Delaware
NPP Music Corp. ............................ 100 Delaware
Warner/Chappell Music, Inc. ................ 100 Delaware
New Chappell Inc. (8)..................... 100 Delaware
Super Hype Publishing, Inc. .............. 100 New York
Cotillion Music, Inc. .................... 100 Delaware
Walden Music, Inc. ....................... 100 New York
Summy-Birchard, Inc. ..................... 100 Wyoming
Lorimar Motion Picture Management, Inc. .... 100 California
E.C. Publications, Inc. .................... 100 New York
WCI/Am Law Inc. ............................ 100 Delaware
American Lawyer Media, L.P. .............. 83.25 Delaware
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. (9).................. 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
Warner Cable Communications Inc. (10)....... 100 Delaware
TWI Ventures Ltd. .......................... 100 Delaware
American Television and Communications Corpo-
ration....................................... 100(11) Delaware
Capital Cablevision Systems, Inc. .......... 100 New York
Memphis CATV, Inc. ......................... 100 Tennessee
People's Cable Corporation.................. 100 New York
American Communications Corporation......... 100 Indiana
American Cablevision of Monroeville, Inc. .. 100 Pennsylvania
American Digital Communications, Inc. ...... 100 Delaware
ATC Cablevision of San Merino, Inc. ........ 100 California
ATC Cablevision of South Pasadena, Inc. .... 100 California
American Cablevision of Kansas City, Inc. .. 100 Missouri
Kansas City Cable Partners (partner-
ship).................................. 50(12) Colorado
2
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
---- ---------- ------------------
ATC Holdings II, Inc. ................... 100 Delaware
ARP 113, Inc. ......................... 100 Delaware
Paragon Communications (partnership)... 50(13) Colorado
ATC/PPV, Inc. ........................... 100 Delaware
Carolina Network Corporation............. 100 Delaware
Philadelphia Community Antenna Television
Company................................. 100 Pennsylvania
Lower Bucks Cablevision, Inc. ......... 100 Pennsylvania
Tri-County Cable Television Company.... 100 New Jersey
Public Cable Company..................... 100 Maine
Public Cable Company (partnership)..... 77 Maine
Shows, Inc. ............................. 100 Pennsylvania
Time Warner Operations Inc. ............... 100(14) Delaware
HBO Film Management, Inc. ............. 100 Delaware
Kremlin Productions, Inc. ............. 100 Delaware
Simba Productions, Inc. ............... 100 Delaware
WAC Productions, Inc. ................. 100 Delaware
Running Mates, Inc. ................... 100 Delaware
SUBSIDIARIES OF TIME WARNER ENTERTAINMENT COMPANY, L.P.
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
---- ---------- ------------------
Century Venture Corporation.................. 50 Texas
Century Colorado Corp. .................... 100 Delaware
Colorado Springs Cablevision, Inc. ...... 100 Delaware
Colorado Springs Citizens Cable, Inc. . 100 Delaware
CV of Viera Joint Venture (partnership)...... 50 Florida
Erie Telecommunications, Inc. ............... 54.19 Pennsylvania
Inverness/ATC Joint Venture (partnership).... 50 Colorado
Time Warner Cable New Zealand Holdings Ltd. . 100(15) New Zealand
Queens Inner Unity Cable System.............. 50 New York
Comedy Partners, L.P. (partnership).......... 50 New York
HBO Ole (partnership)........................ 50 New York
HBO Ole Distribution 1 A.V.V. ............. 100 Aruba
HBO Ole International/Sales Company Ltd. .. 100 British Virgin Is.
HBO Ole Services S.A. ................... 100 Venezuela
HBO Ole Producciones S.A. ................... 50 Venezuela
HBO Direct, Inc. ............................ 100 Delaware
HBO Turkey Holdings I Inc. ................ 100 Delaware
HBO Turkey Holdings II Inc. ............... 100 Delaware
Warner Cable of New Jersey Inc. ........... 100 Delaware
Warner Cable of Vermont 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
3
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
---- ---------- ----------------
Warner Films Consolidated Inc. ............. 100 Delaware
Exeter Distributing Inc. ................. 100 Delaware
Riverside Avenue Distributing Inc. ....... 100 Delaware
HBO Asia Holdings, L.P. (partnership)........... 99
HBO Pacific Partners, C.V. ................... 83.33 Neth. Antiles
Home Box Office (Singapore) Pty. Ltd. ...... 100 Singapore
Turner/HBO Ltd. Purpose Joint Venture (partner-
ship).......................................... 50 New York
Acapulco 37 S.A. de C.V. ....................... 100 Mexico
Warner Bros. Beteiligungs Gesellschaft mbH...... 100 Austria
Time Warner Entertainment Limited............... 100 U.K.
The Bountiful Company Limited................. 50 U.K.
Time Warner Entertainment (UK) Limited........ 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
Terremodo Ltd. ......................... 100 U.K.
Victory Film Production, Ltd. .......... 100 U.K.
Warner Bros. Theatres (U.K.) Limited........ 100 U.K.
Warner Bros. Investments (Pilsworth)
Ltd. .................................... 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.
Metro Color Laboratories (U.K.) Ltd. ........... 100 U.K.
Kay Holdings Ltd. ............................ 100 U.K.
Metrocolor (London) Limited................. 100 U.K.
Geffen Pictures (partnership)................... 50 New York
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. Lim-
ited....................................... 100 Australia
Warner World Australia Pty. Limited......... 100 Australia
Movie World Enterprises Partnership (part-
nership)................................. 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 (partner-
ship)...................................... 50 Australia
Warner Sea World Investments Pty. Limited..... 100 Australia
Sari Lodge Pty. Limited..................... 50 Australia
Sea World Management Pty. Ltd. ........... 100 Australia
4
PERCENTAGE STATE OR OTHER
OWNED BY JURISDICTION OF
IMMEDIATE INCORPORATION OR
NAME PARENT ORGANIZATION
---- ---------- ----------------
Warner Sea World Operations Pty. Ltd. ........ 100 Australia
Sea World Enterprises Partnership (partner-
ship)...................................... 50 Australia
Warner Sea World Units Pty. Ltd. ............. 100 Australia
Time Warner Entertainment GmbH.................. 100 Germany
Warner Bros. Deutchland Pay TV GmbH........... 100 Germany
Warner Home Video GmbH........................ 100 Germany
Warner Home Video Spol SRO.................. 100 Czech
Republic
Warner Bros. Film GmbH........................ 100 Germany
Warner Bros. Film GmbH Kinobertriebe........ 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
Cinema Data Service S.r.L. ................... 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. Licensing Espanola S.A. ......... 100 Spain
Warner Mycal Corporation........................ 50 Japan
Kabelkom Management Co. (partnership) (16)...... 50 Delaware
Kabelkom Holding Co. (partnership)(16).......... 50 Delaware
Quincy Jones Entertainment Company L.P. (part-
nership)....................................... 50 Delaware
5
Six Flags Entertainment Cor-
poration................... 100 Delaware
SF Holdings Inc. ......... 100 Delaware
Six Flags Theme Parks
Inc. .................. 100 Delaware
DC Comics (partnership)..... 50(7) New York
- --------
(1) The names of five subsidiaries of Time Inc. carrying on the magazine
publishing business are omitted.
(2) The names of nine subsidiaries of Southern Progress Corporation carrying
on the magazine or book publishing businesses are omitted.
(3) The General Partners of TWE own 77.78%, Toshiba America Entertainment,
Inc. owns 11.11% and Itochu Entertainment Inc. owns 11.11%
(4) TW Service Holding I, L.P. owns 99% and TW Service Holding II, L.P. owns
1%.
(5) American Television and Communications Corporation, Warner Cable
Communications Inc. and Warner Communications Inc. are the General
Partners and TW Service Holding I, L.P. and TW Service Holding II, L.P.
are the Limited Partners.
(6) Time Warner Inc. owns 80% and Warner Communications Inc. owns 20%.
(7) Warner Communications Inc. owns 50% and Time Warner Entertainment Company,
L.P. owns 50%.
(8) The names of 16 subsidiaries of New Chappell Inc. carrying on
substantially the same music publishing operations in foreign countries
are omitted.
(9) 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.
(10) The names of seven other subsidiaries of Warner Cable Communications Inc.
carrying on the cable television business are omitted.
(11) Time Warner Inc. owns 86.34%, Warner Communications Inc. owns 7.8% and
Time TBS Holdings, Inc. owns 5.86%.
(12) American Cablevision of Kansas City, Inc. owns 49% of Kansas City Cable
Partners and Time Warner Entertainment Company, L.P. owns 1%.
(13) American Television and Communications Corporation owns 50% of Paragon
Communications through two indirectly owned subsidiaries--31.09% through
ATC Holdings II, Inc. and 18.91% through ARP 113, Inc.
(14) Time Warner Inc. owns 87.21% and Warner Communications Inc. owns 12.79%.
(15) Time Warner Entertainment Company, L.P. owns 99% and Time Warner Inc. owns
1%.
(16) 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