Refer to the input text as context and select the correct relationship between 'WarnerMedia' and 'Max' from the available options.
Options: brand, location of formation, owner of, platform

A few months ago, we took the next step and moved Xandr to WarnerMedia so we could accelerate our progress in building software-based entertainment platforms supported by both subscription and advertising, like the AVOD version of HBO Max we plan to launch next year.
owner of