TIME WARNER REVENUE: WAITING FOR BATMAN

Without a Harry Potter or a Hangover sequel in theaters in the second quarter, Time Warner saw its net income plummet by a third to $430 million versus $638 million during the same quarter a year ago. Revenue was down 4.1 percent to $6.74 billion. Wall Street had anticipated the decline — and was no […]

SONY LOSES RECORD $5.7 BILLION — BUT FILM STUDIO SOARS

Sony’s motion picture unit was the one bright spot on the parent company’s dismal annual SEC filing today (Thursday), which reported a record loss of $5.7 billion, including a loss of $3.2 billion in the most-recent quarter. Over the weekend, however, Sony Films became the year-long domestic box office leader, with $518.1 million in ticket […]

TWC: FEWER SUBSCRIBERS, GREATER PROFITS

Time Warner Cable saw a 44-percent increase in its net income during the last quarter despite the fact that it lost 129,000 customers and its gross revenue rose only 4 percent. The rise in profits was attributed to cheaper-to-operate Internet and telephone services as well as existing subscribers to its video service opting for more […]

DISNEY’S PROFITS SOAR 40 PERCENT

The combination of Toy Story 3, Iron Man 2 and Alice in Wonderland 3D lifted Walt Disney Co.’s third-quarter profits 40 percent, according to the company’s quarterly earnings report, beating analysts’ forecasts by a wide margin. Income rose to $1.3 billion from $954 million during the comparable period a year ago. Revenue rose 16 percent […]