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Warner Bros. Revenues Help Time Warner

Higher television license fees contributed to an increase in fourth quarter revenues from Time Warner Inc.’s filmed entertainment division when compared to a year ago. Full year results for the media and entertainment conglomerate were helped by the strong slate of films from Burbank-based Warner Bros., of which seven brought in more than $100 million in worldwide box office receipts. For the quarter ending Dec. 31, Time Warner reported net income of $769 million, or $0.68 per diluted share, on revenues of $7.8 billion. For the same period a year earlier, the company reported a net income of $631 million, or $0.53 per diluted share, on revenues of $7.2 billion. Filmed entertainment revenues were $3.6 billion for the fourth quarter, a 9.5 percent increase over the revenues of $3.3 billion for the same period a year earlier. For the 2010 fiscal year, Time Warner reported net income of $2.6 billion, or $2.25 per diluted share, on revenues of $26.9 billion. That is a 4.1 percent increase over the net income of $2.5 billion, or $2.07 per diluted share, on revenues of $25.4 billion for the previous fiscal year. Yearly revenue for the filmed entertainment division was $11.6 billion, a 5 percent increase over the $11.1 billion from the previous year. The company attributed the boost in television license fees to an increase in off-network availabilities as well as stronger television availabilities of feature films. In 2010, the Warner Bros. Pictures Group led the Hollywood studios with a domestic box office of $1.9 billion and $2.9 billion in international box office. Warner Bros. Television Group was the largest provider of network programming with 40 television shows.

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