Time Warner 2011 Revenue Up for both TV Networks & Film

9 Feb

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Time Warner full year results for the year ending December 31, 2011 showed positive growth for both TV Networks (Turner Broadcasting and HBO) as well as Filmed Entertainment.

NETWORKS (Turner Broadcasting and HBO)

Revenues grew 9% ($1.2 billion) to $13.7 billion, with increases of 6% ($495 million) in Subscription revenues, 12% ($453 million) in Advertising revenues and 21% ($202 million) in Content revenues. The increase in Subscription revenues resulted mainly from higher domestic rates and international subscriber growth. The growth in Advertising revenues was driven by strong pricing domestically, sports programming, including the NCAA Division I Men’s Basketball Championship events (the “NCAA Tournament”), and growth at Turner’s international networks, including acquisitions. Content revenues benefited from higher sales of HBO original programming and higher licensing revenues at Turner.

After setting viewership records during the 2010-2011 season, the NBA on TNT has returned even stronger in the 2011-2012 season with strong double digit gains in total viewers and households over the same time period as last year through the first 15 games of the season. In January, The Big Bang Theory on TBS ranked as ad-supported cable’s #1 comedy series, and TBS was ad-supported cable’s #1 entertainment network with adults 18-49 in primetime. Adult Swim had its most-watched year ever and finished the year ranked #1 among all ad-supported cable networks for key adult and male viewers in total day delivery. For 2011, CNN U.S. primetime viewership was up nearly 30% compared to 2010 among adults 25-54.

In December 2011, HBO announced distribution deals for HBO GO and MAX GO, its authenticated online video services, with both Time Warner Cable Inc. and Cablevision Systems Corp. With the addition of these two affiliates, the services will be available to essentially all of HBO’s and Cinemax’s domestic subscribers.

FILMED ENTERTAINMENT (Warner Bros.)

Revenues rose 9% ($1.0 billion) to $12.6 billion, led by the strong theatrical and home entertainment performance of Harry Potter and the Deathly Hallows: Part 2 and the home entertainment performance of Harry Potter and the Deathly Hallows: Part 1. Revenues also benefited from a stronger videogames release slate, higher television license fees, new subscription video-on-demand agreements and the favorable effect of foreign exchange rates. Key 2011 videogame releases included Batman: Arkham City, Mortal Kombat 9 and several LEGO titles. Television license fees increased due mainly to improved worldwide syndication, which included the off-network availability of The Big Bang Theory. This growth was offset in part by fewer home video releases and difficult theatrical comparisons to the prior year.

In 2011, Warner Bros. grossed $4.7 billion at the worldwide box office, led by the top grossing film, Harry Potter and the Deathly Hallows: Part 2. Warner Bros. also became the first studio to exceed $4.0 billion in global box office for three consecutive years. In 2011, Warner Bros. remained #1 domestically in each of DVD sales, Blu-ray Disc sales, VOD and EST. Harry Potter and the Deathly Hallows: Part 1 and Harry Potter and the Deathly Hallows: Part 2 ranked among the top three selling DVDs domestically in 2011.

For the 2011-2012 broadcast television season, Warner Bros. has produced more than 30 scripted primetime series, making it the leading supplier of primetime programming to the broadcast networks. Season-to-date through January 29, 2012, Warner Bros.’ 2 Broke Girls is the #1 new comedy series among households, adults 18-49 and total viewers. In 2011, Batman: Arkham City shipped more than 6 million units worldwide and was one of the top 10 best-selling games in North America. For the 84th Academy Awards, Warner Bros.’ films received five nominations, with two nominations for Extremely Loud & Incredibly Close (including Best Picture and Best Actor in a Supporting Role) and three for Harry Potter and the Deathly Hallows: Part 2.


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