Time Warner is trying to decide whether to license foreign companies to produce its films and records

Question:

Time Warner is trying to decide whether to license foreign companies to produce its films and records or to set up foreign sales affiliates to sell its products directly.
What factors might determine whether it expands abroad via licensing or by investing in its own sales force and network?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...