TV is going on the Internet on demand,says Time Warner CEO Jeff Bewkes(pronounced Byu-kiss).There's still some mid-hanging fruit for industry growth.If you think about all the people with mobile devices,the TV industry is turning to it.There's a tremendous amount of economic activity when TV goes mobile.
Basically every device is becoming a TV.It is also going on overseas.Time Warner network CNN goes all over the planet.TV profits,viewers and ratings are all growing and healthy.
All these new devices have helped the TV industry figure out how to be easier to find and easier to use.We've got now 150 channels buying shows off of network TV.We license more shows to network and cable channels than anyone else.We haven't licensed to competing subscription services.You pay a subscription,you can have it on any device that you own.
We had pricing growth in the mid-teens.The revenue growth in Time Warner's HBO,CNN,TNT is very strong.The TV business,the film business is really quite strong.The Internet is a great development,but let's not forget the strength and vitality of the TV business,Mr.Bewkes reminded.
Time Warner is a media conglomerate that owns several major brands in journalism and entertainment.From Time,Life,Fortune and People magazines to CNN,HBO and Warner Brothers Pictures Group,as well as allied online properties,it is a global leader in the publishing,film and television industries.
Time Warner Cable and Warner Music Group are now independent entities.They were spun off from their parent,Time Warner,Inc.
Time Warner,Inc.(TWX)
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