Potter movies help Time Warner meet expectations

The Associated Press is reporting that Time Warner Inc., the company which owns Warner Bros. saw profits fall 53% in the third business quarter, but the Harry Potter movie series “helped the media conglomerate meet Wall Street expectations.”

The article went on to say that:

“Time Warner's earnings from movie production, which are often volatile because of hits and misses at the box office, jumped 71 percent on the latest 'Harry Potter' movie, as well as 'Rush Hour 3' and 'Oceans 13.'”

Thanks to Dorothea for sending this in!