Utilize the input text as a context reference, choose the right relationship between WarnerMedia and HBO from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

And now I have a peer in the WarnerMedia business, Jason Kilar, who's responsible for all of WarnerMedia, and that is inclusive of clearly our networks, Turner and CNN, and most recently our HBO Max launch that we launched on the 27th of May, in addition to the studios themselves out of Warner Bros. And so, between the two of us, we represent telecommunications and the media franchise.

Answer: subsidiary