AOL Inc was founded in 1985 and later merged with Time Warner Inc. in 2001. The Company is a media and technology company that provides internet content with brands, products and services that it offers to consumers, advertisers, publishers and subscribers. Its segments include The Brand Group, which consists of itsportfolio of content brands as well as certain service brands. The Brand Group also includes co-branded websites owned or operated by third parties for which certain criteria have been met, including that the internet traffic has been assigned to the Company. The Membership Group, which consists of offerings that serve its registered account holders, both free and paid. The results for this segment include the performance of its subscription offerings and advertising offerings on Membership Group properties, including communications products such as AOL Mail, as well as from performance compensation received for marketing third party products and services. AOL Networks which consists of interconnected programmatic and premium advertising offerings that advertisers and publishers use to reach consumers across all devices (i.e., desktop, mobile, tablet and internet-enabled television) and includes offerings in formats such as display, video and social. The Brand Group and the Membership Group compete for the time and attention of consumers with a wide range of internet companies, including Yahoo, Google, Microsoft's MSN, IAC/InteractiveCorp., specialized digital content companies like Business Insider, Buzzfeed, The Verge and CNET; and social networking companies such as Facebook, Inc. and Twitter, Inc., as well as traditional media companies which are increasingly offering their own internet products and services. The AOL Networks technology platform competes with other end-to-end platform offerings such as Google and Yahoo, and AppNexus also aims to be in this competitive set. The Company's business is subject to various federal and state laws and regulations, particularly in the areas of intellectual property, privacy, data security and consumer protection.