Warner Brothers, a subsidiary of Time Warner with headquarters in Burbank, California, has several subsidiary companies, including Warner Brothers. Studios, Warner Brothers Pictures, Warner Brothers. Television, Warner Brothers Animation, Warner Home Video, and DC Comics. Warner owns half of The CW Television Network. Founded in 1918 by Polish immigrants, Warner Brothers is the third-oldest American movie studio in continuous operation, after Paramount Pictures, founded in 1912 as Famous Players, and Universal Studios, also founded in 1912.