Television

Q2-16: Warner Bros pulls down Time Warner revenue 5.4 percent

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/03/Untitled-1_38_0.jpg?itok=bMGwjodZ

BENGALURU: Lower videogames, home entertainment and television licensing revenues pulled down Warner Bros revenue by 19.4 percent year-over-year (y-o-y) and operating income by 9.4 percent y-o-y for the quarter ended 30 June 2016 (Q2-16, current quarter). Warner Bros contributed 38.2 percent to Time Warner Inc. (Time Warner) in Q2-16, and hence pulled down its parent’s consolidated revenue by 5.4 percent y-o-y to $6,952 million from $7,348 million in the corresponding year ago quarter.

Time Warner operating income was almost flat y-o-y (declined 0.7 percent) in the current quarter at $1,846 million as compared to $1,849 million in Q2-15. Adjusted operating income in Q2-16 declined 5.5 percent y-o-y to $1,760 million from $1,862 million in Q2-15.

Company speak

Time Warner chairman and CEO Jeff Bewkes said, “We had a strong first half of 2016, which puts us ahead of our original goals for the year. Our performance reflects the creative excellence resulting from investments we’ve been making in the very best content. At the same time, we’re capitalizing on new distribution opportunities to take advantage of the growing demand for high-quality video content around the world. As an example of our creative excellence, Time Warner received 148 Primetime Emmy nominations - more than any other company - with HBO’s 94 again setting the pace for the industry. In the second quarter, TNT and TBS finished as the two highest rated ad-supported cable networks in primetime among adults 18-49, and Warner Bros. once again came out of the upfront as the leading supplier to broadcast television. Warner Bros. also gained momentum in film with recent successes, such as Central Intelligence and The Conjuring 2, and anticipation is running high for Suicide Squad, which debuts this week.”

Bewkes continued, “Today, we also announced our 10 percent investment in Hulu LLC and that Turner has separately signed an affiliate agreement for its full suite of networks to be carried on Hulu’s live-streaming service slated for launch early next year. These are just the latest examples of our commitment to supporting innovative digital services that allow consumers to access high-quality content however they want it across a variety of platforms. We’re confident the multiple investments we’re making in these types of services position the Company to benefit from growing global demand for the strongest network brands and very best video content.”

Segment numbers

Time Warner has three segments – Turner – which contributed the most to revenue (43.3 percent in Q2-16), Home Box Office – the smallest segment in terms of revenue contribution (21.1 percent in Q2-16) and Warner Bros which contributed 38.2 percent to Time Warner’s revenue Q2-16.

Turner

Turner reported 6.5 percent y-o-y increase in revenue in Q2-16 at $3,010 million as compared to $2,827 million in Q2-15. Revenues due to increases of 11 percent ($142 million) in Subscription revenue and 6 percent ($73 million) in Advertising revenue, partially offset by a decline of 15 percent ($32 million) in Content and other revenue says the company.

Turner’s operating income in Q2-16 was flat y-o-y at $1,130 million, while adjusted operating income increased marginally y-o-y (0.3 percent) to $1,133 million from $1,130 million. The company says that operating income was flat as the growth in revenues was offset by higher expenses, including increased programming and marketing costs.

Home Box Office (HBO)

HBO revenue in the current quarter increased 2 percent y-o-y to $1,467million from $1,438 million in Q2-15. Time Warner says that HBO revenue increased due to an increase of 6 percent ($72 million) in Subscription revenues partially offset by a decline of 17 percent ($43 million) in Content and other revenues.

The segment reported 5.3 percent y-o-y decline in operating income and adjusted operating income in the current quarter to $481 million from $508 million in Q2-15. Operating income declined because the growth in revenues was more than offset by higher expenses, including increased programming and restructuring and severance costs says the company.

Warner Bros

As mentioned above, Warner Bros declined 19.4 percent y-o-y to $2,658 million from $3,298 due to lower videogames, home entertainment and television licensing revenues.

The segment reported 9.7 percent y-o-y decline in operating income in Q2-16 to $308 million from $341 million.  Adjusted operating income in the current quarter declined 36.9 percent to $217 million from $344 million in Q2-15. Time Warner says that operating income declined due to the decline in revenues, partially offset by lower associated costs of revenues due to the number and mix of film and videogames releases, a $90 million gain on the April 2016 sale of Flixster and lower film valuation adjustments.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/coke-studio.jpg?itok=iwh3Lcy3
‘Coke Studio Bharat’ celebrates the new voice of India

After the overwhelming success of Coke Studio globally, Coca-Cola announced the launch of Coke Studio Bharat in Mumbai. The season is an amalgamation of over 50 artists from across the country who have come together to create over 10 memorable tracks celebrating the roots of Bharat.

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/barc.jpg?itok=pWG6g0jz
Barc Wk 4' 23: Star Plus tops in all India market

Broadcast Audience Research Council (Barc) India has released currency data for the fourth week, i.e., 21 January to 27 January. As per data for the all-India 2+ target group, Star Plus is the most watched channel in India with an average minute audience (AMA) of 2493.81 (000) AMA.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/dr-bhaskar.jpg?itok=8A6ulxV9
ZEE presents adclub’s 'M.Ad Quiz'

Zee announces the advertising club's M.Ad Quiz, in association with Brand Equity will be held on 3 February 2023 at Jade Sky, Worli, Mumbai, for the participating teams.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/shemaroo2.jpg?itok=AJAKyy_F
Shemaroo Entertainment announces series of key appointments to strengthen its leadership team

Shemaroo Entertainment, India’s leading media and entertainment powerhouse in India, has made key leadership appointments in Human Resource, Domestic and International Syndication Business and their Digital Video Business.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/india-tv-samvad.jpg?itok=yi2jgVRC
Union Budget: India TV to host "Samvad Budget Conclave 2023"

India TV, the nation’s leading Hindi news channel, is organising a daylong "Samvad Budget Conclave 2023" on 3 February in New Delhi.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/bharat_express.jpg?itok=fNp6Mrbn
Media Mogul Uday Shankar officially launches Upendrra Rai’s Bharat Express

Mumbai: Media veteran Uday Shankar has officially launched Upendrra Rai’s highly anticipated national Hindi news channel, Bharat Express amidst much fanfare at a dazzling ceremony organised at Hotel Andaz by Hyatt in New Delhi on 1 February 2023.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/cnbc-tv18.jpg?itok=vDMZr_I2
CNBC-TV18 brings Union Budget show ‘Budget Verdict’

CNBC-TV18 is set to host the eighth edition of the Budget Verdict on 2 February with the goal of providing viewers with a thorough understanding of the Union Budget 2023-24 and how it affects their lives.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/india_today.jpg?itok=PSxbHL4X
India Today TV stands No 1 on Budget Day

Mumbai: India Today TV not only broke all previous records with a dominant number one position in live YouTube viewership on Budget Day 2023, but also emerged as the channel with the most concurrent users across Hindi, English, and Business TV news channels on YouTube, outperforming even...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/alia-varun.jpg?itok=rXBJ9ZWi
Zee Cine Awards 2023 gives a sneak peek into its exciting lineup of performers

Mumbai:Zee Entertainment Enterprises Ltd. (ZEEL), India’s television, media and entertainment conglomerate, brings back the biggest celebration of Bollywood  Zee Cine Awards a show that celebrates cinema and the true spirit of heroism embodied in larger than life performances and  entertainment....

Television TV Shows Awards