According to Box Office Mojo, Harry Potter and the Deathly Hallows Part 1 (the penultimate film in the series) grossed $125 million at domestic theaters over the opening weekend, a great, albeit unsurprising, hit for Time Warner.
Time Warner reported its numbers for the third quarter of 2010, reporting an increase in revenue of 5.2% from the year before, up to $4.73 billion. Its net income rose 34% to a profit of $1 a share.
James Cameron signed on with 20th Century Fox to create two sequels to the biggest blockbuster film of all time - Avatar. The sequels are currently slated for a 2014 and 2015 release, respectively.
AOL, which spun off from Time Warner last year, said it terminated a $250 million credit line that included spending limits on mergers and acquisitions. The company cited its current cash balance and projected cash flows as reasons for scrapping the senior secured revolving credit agreement.
Time Warner reported that its second-quarter net income rose 7% to $562 million in the second quarter. Revenue was up 8% from the year before to $6.4 billion, which Time Warner credited to a strong advertising market.
Larry King announced his retirement from television this week, putting Time Warner's CNN in a big dilemma as it attempts to replace the hugely popular show of Mr. King.
Time Warner reported its fiscal results for the first quarter of 2010, announcing net revenues of $6.32 billion, up from $5.99 billion the year before. Its net income grew from $660 million the year before to $725 million for the quarter.
Clash of the Titans, the current leader at the box office, is a film that has been criticized for its poor 3-D quality, as it was filmed in 2-D and changed to 3-D afterwards. Experts are concerned that if most 3-D films are converted from 2-D films and look as bad as Clash of the Titans, audiences will balk at paying the extra $3 or more to see the films in 3-D, which will be detrimental to companies like Time Warner that have been benefitting from the rise of 3-D in films.
Time Warner-owned distributor Warner Bros. Studios announced that its newest 3D film "Clash of the Titans" easily won the worldwide box office for the weekend, taking in an estimated $64.1 million in the U.S. and Canada.
Time Warner, through its subsidiary Turner Asia Pacific Ventures, Inc., has acquired an 85.68% shareholding in NDTV Imagine Limited, an India-based non-news Hindi entertainment channel, from NDTV Networks PLC for approximately $65.54 million.
HBO, the pay television channel owned by Time Warner, is making its content available to subscribers of Verizon Communications Inc.’s FiOS through a streaming online service.
Time Warner's "Valentine's Day" was the U.S.A.'s number one movie over Valentine's Day weekend, earning a total of $52.4 million nationwide
Time Warner announced its Q4 figures, with its revenue increasing 2.2% to $7.32 billion and its operating income increasing 34.9% to $1.52 billion.
Keeping with its brand of groundbreaking entertainment, HBO is unveiling a newly imagined and flash-based website that reflects the network's growing reputation for technical innovation.
Netflix will delay sending out Warner Bros.' latest movies by nearly a month in order to gain rights to show its subscribers more movies over the internet. The move gives Time Warner a chance to boost DVD sales, the movie industry's biggest source of profits.
Time Warner and Fox reached a programming deal one week after the network threatened to drop the Fox signal from several stations and cable channels. The agreement put an end to public speculation on whether millions of cable subscribers would be left without access to cewrtain programming. In Time Warner's deal with News Corp, News Corp sought as much as $1 a month per Time Warner Cable subscriber for rights to Fox.
Time Warner is in a battle with Fox that might keep its customers from watching Fox shows as early as this week. The companies are arguing over cash fees for the rights to carry broadcast TV
Time Warner announced that its board of directors has approved the acquisition of NDTV Imagine, an indirect subsidiary of NDTV Limited that owns a leading Hindi general entertainment channel and other entertainment assets in India
In the spinoff of AOL, Time Warner obtained full control of celebrity website TMZ. It plans to try to get more advertising revenue out of the property and use some of those funds to expand the news operation
Collins Stewart media analyst Thomas Eagan has predicted that Time Warner has developed the potential for significant gains, raising his estimates for 2009 revenue from $28.82 billion to $28.95 billion and 12-month price target from $33.50/share to $38/share
Time Warner is asking the public for help as it tries to curtail increases in the programming fees it has to pay to carry cable channels and broadcast stations on its systems. Time Warner unveiled an advertising campaign Wednesday asking cable subscribers to vote online on whether it should "roll over" or "get tough" in negotiations over the fees, saying it would use the results of the survey in upcoming contract renewal talks.
AOL expects to spend $200 million in restructuring charges following its spin-off from Time Warner
Internet company AOL laid off about 100 full-time employees ahead of its spinoff from parent company Time Warner
Time Warner posted Q3 2009 results, posting $7.1 billion in revenue with a net income of $661 million.
After months of preparation, AOL plans to complete its spin-out from parent company Time Warner in the middle of December 2009
Comcast plans to show cable TV shows online by the end of the year to its paid subscribers, and Time Warner is currently looking into ways in which it can follow suit.
Indian broadcasting company NDTV is in talks with Time Warner to replace NBC Universal as an investor in its lifestyle business
Time Warner Inc. is no longer interested in making a bid for NBC Universal, which could Comcast's bid to buy a controlling stake in the parent of the NBC network and Universal Studios.
Shares of Time Warner jumped as much as 5.7% as investors expressed relief that the media giant likely won't be buying GE's NBC Universal unit.Comcast and GE are in talks over a potential deal in which GE would surrender majority control of NBC Universal in a newly formed private company.
Time Warner is expected to eventually sell its Time Inc magazine unit and could buy holdings in its core enteainment category.
AOL cut the job of two executives, including the COO, in an effort to streamline the company before Time Warner spins it off as a separate company.
TWX named Google executive Tim Armstrong as CEO of its AOL unit. This move is expected to attempt to reverse the poor performance of its struggling AOL segment in preparation for a possible spin-off. Armstrong led Google's Americas operations and is best known for developing Google's online advertising business.
TWX operated at a loss of $16.03 billion in Q4 2008 compared to a profit of $1.03 billion a year before. The results were mainly due to one-time costs of $16.85 billion because of noncash impairments to reduce the carrying value of goodwill and intangible assets.
TWX announced plans to cut 1,250 jobs or 3% of its workforce to reduce costs because of the economic downturn and increased competition.
AOL named former Yahoo exec Gregory Coleman as head of its online advertising unit, the third person to assume that role in 17 months. The move represents a strategic shift to an advertising-based company as compared to its former life as an Internet access provider.
TWX announced it would be cutting as much as 10% of its AOL units because of declining advertising spending as a result of the U.S. recession. Furthermore, its Warner Bros. film and television unit is eliminating 800 positions and its Time Inc. publishing division plans to eliminate 600 jobs.
Time Warner Cable is splitting from Time Warner Inc., but before it does it will be giving out a one time dividend at $10.27 per share. In order to fund this Time Warner Cable must borrow $10.9 billion, thats a lot of debt.
Time Warner is closing a deal that will allow HBO shows to be sold electronically on iTunes. The shows are expected to be sold at $1.99, but Time Warner and other companies are pushing for a variable pricing scheme.
TWX earnings dropped 36% in the first quarter. Plans of spinning off the cable division is also in the works. An agreement with shareholders is in the process of being ironed out in this move to simplify the huge conglomerate.
In an effort to cut costs, Time Warner has been cutting jobs in the Magazine Division since late 2006. The latest round in the end of February resulted in the displacement of about 100 Magazine Division employees.
The AOL unit of Time Warner announced the purchase of Bebo, the third largest social network site at the time behind News Corp's MySpace and Facebook, which has a significant investment from Microsoft. The purchase price was $850 million. The deal signals AOL's continued move away from a subscription-based ISP service towards a network of public sites making money from online advertising.
AOL advertising revenue growth lags rest of industry
Former Senior Vice President of AOL marketing, named president of Warner Bros.
Time Warner announced that AOL ad sales rose 40% in the last year.
Time Warner announced a 1% decrease in sales from their film division. Revenue dropped USD 36 million from the first quarter of 2006 to the first quarter of 2007.
Time Warner announced the sale of AOL France's Internet access, over 500,000 subscriptions.