Here's what Time Warner (ticker: TWX) said on its conference call (key points and quotes) about movies, cable, networks and AOL. (Source: The Media Stock Blog - permission for full reproduction explicitly granted.)
On Time Warner Inc.
- Announced strategic agreement between Time
Warner Cable and America Online to develop a customized broadband offering
- Time Warner won 11 Golden Globe awards and 42
Oscar nominations, including 11 nominations for The Aviator
On Filmed Entertainment
- Warner Bros. Pictures led the industry with
$2.2 billion overseas box receitps and $3.4 billion in worldwide box office
- Launched Digital Phone, a residential IP
telephony service, to all 31 divisions across the country.
- Increased the maximum download speed of Road
Runner to 5 MBS from 3 MBS
- Launched Video Mail, which combines Web cam use
"Basic video customers declined 14,000….. however,
if you look at our advanced services…we added 124,000 digital customers….. we
ended the year with 44 percent penetration of basic subs….DVR net adds were
153,000 in the quarter…they ended the year with about 860,000 subscribers…that's
an 18 percent penetration to the digital sub base….high-def net adds were just
under 100,000…and SVOD net additions of 171,000 were more than double that of
the third quarter."
- According to Nielsen Media Research, TNT was
the top ad-supported TV network in the 18-49 and 25-54 year old age group
"The attractiveness of our TV business has only
been enhanced by new formats like DVD…it distributed product to 90
international territories directly, which is considerably more than any other
studio….at Warner's, DVD revenues related, or coming from TV shows, will be
around a billion dollars this year…so we're the U.S. leader in TV sales on DVD.
We have 10 of the top 25 franchises, and I'm very proud that our top 10 DVD
television releases come from all of our companies."
- Launched AOL 9.0 Security Edition and AOL
"AOL's overall brand subscriber base declined
464,000 in the fourth quarter versus the third quarter. Billed memberships of
that amount declined 377,000, and non-billed members fell 87,000."
- Announced acquisition of Essence Communications
Partners (publisher of Essence and Suede magazines)
(Quotes from the CCBN StreetEvents transcript.)