Utilize the input text as a context reference, choose the right relationship between 'HBO Max' and 'WarnerMedia' from the options.
Options: location of formation, founded by, parent organization, subsidiary

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.
parent organization