Time Warner profits get film and TV boost

Mike Tyson and Spike Lee in front of a HBO logo HBO is one of the networks owned by Time Warner

Related Stories

Time Warner has seen its second-quarter profit jump by 87%, helped by a strong performance at its film and TV arms.

The US giant is the owner of famous brands such as TV networks HBO and CNN and movie company Warner Brothers.

Releases such as The Great Gatsby and Man of Steel boosted revenue in the film unit and basketball games drove up cable TV advertising by 11%.

Quarterly profits were $711m (£460m), up from $413m a year ago. The firm also lifted its full-year profit outlook.

Meanwhile, revenue rose by some 10% to $7.44bn from $6.74bn, ahead of analysts forecasts of $7.11bn.

Chairman and chief Jeff Bewkes said investment in quality programming had helped to draw in viewers and advertisers.

HBO viewership remained strong, helped by its popular Game of Thrones series, Mr Bewkes added.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

From BBC Capital

Programmes

  • JellyClick Watch

    Can Twitter’s co-founder Biz Stone break the mould with his social Q&A Jelly app?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.