‘Suicide Squad’ helped Time Warner exceed earnings estimates; DC TV is a $1 billion business

Time Warner, the corporate parent company of Warner Bros. and DC Comics, held its third quarter earning results today, and there was a lot of good news to report! Suicide Squad helped the company make even more money than it was anticipating to this quarter.

“We had a strong third quarter, which keeps us on track to exceed our original 2016 outlook and underscores our leadership in creating and distributing the very best content,” said Time Warner CEO Jeff Bewkes.

“In film, Warner Bros. had a strong quarter led by Suicide Squad and has the number 1 release of the fall in Sully, while anticipation is off the charts for J.K. Rowling’s Fantastic Beasts and Where to Find Them, which hits the big screen on Nov. 18.”

Bewkes also mentioned the success of DC Comics’ Rebirth event this summer, and said that DC television shows (like Gotham, Supergirl, Arrow, etc.) make the company $1 billion in revenue a year.

Last month, AT&T announced that it would acquire Time Warner in a $85.4 billion deal. The deal is expected to close late next year.

SOURCE: The Hollywood Reporter (1), (2)