Time Warner’s outlook for the end of the year has taken on a rosier hue as ticket sales from the eighth and final film in the Harry Potter series, “Harry Potter and the Deathly Hallows Part 2” reached 1.3 billion dollars in international box office sales since the film’s July, 2011 release.
Time Warner, which has major holdings in Warner Brothers Studios, Time Inc, HBO, CNN Money and Turner Broadcasting announced that it is optimistic that it will see annual earnings for 2011 reach into “the high teens” on a percentage basis. Only three months ago the media conglomerate was expecting growth closer to “the low teens.”
The first Harry Potter film was released in 2001. The last film ranks as the third highest grossing film in history, with only “Avatar” and “Titanic” outperforming the teenage wizard’s popularity.