13. Content for a New Age: Disney and Time Warner
Disney and Time Warner had similar business models. They combined the distribution of entertainment content by means of cable channels—for example, ESPN, which was part of Disney, and HBO, which was part of Time Warner—and the creation of such content in studios, such as Touchstone and Pixar, which were part of Disney, and New Line and Castle Rock, which were part of Time Warner. Three other large entertainment companies had similar business models:
NBCUniversal, which was owned by Comcast, had cable channels (such as the USA Network and CNBC) and production studios (like Universal Pictures).
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