Time Warner Inc.
- Warner Bros.
- Total Nominations: 21
- Best Picture Nominees: Gravity, Her
- TWX Stock: Thumbs up
Everything is looking up for Time Warner Inc. as Turner Broadcasting System, HBO and Warner Bros. all posted record profits in fourth-quarter 2013. Revenue jumped 5% year-over-year to $8.6 billion and 4% for full-year revenues to $29.8 billion.
Warner Bros. delivered its best year on record. It led both domestic and international box offices, and its films received an industry-leading 21 Academy Award nominations. Sales at Warner Bros. rose 7% to $4 billion in the fourth quarter, boosted by Gravity and The Hobbit: The Desolation of Smaug. Warner Bros. also has over 60 programs airing on broadcast and cable during the 2013-2014 television season, including three No. 1 shows: The Big Bang Theory, The Voice and The Following.
In the second quarter of 2014, Time Warner plans to separate Time Inc. into an independent publicly traded company, a move designed to consolidate and improve company efficiency. Investors can also expect a new $5 billion buyback program and a double-digit increase in its dividend for the fifth straight year.