Time Warner announced today that Networks and Film businesses posted record profits this quarter. As part of their conference call, DC films were brought up.
Tuna Amobi - Standard & Poor's Equity Group
"...on the DC comics initiative it seems like you have a bunch of paddles in the [works] right now can you talk a little bit about the upcoming release strategy there I know you are working on Green Lantern then The Flash, Wonder, Justice League those titles any time frame and how you see the economics of the overall comics really this kind of affect in the studio margins as a whole and any multi platform implication would also be helpful for that area."
Jeff Bewkes - Chairman & CEO
"If you go to your question on DC, we are going to have a fairly interesting set of announcements and presentations pretty soon like in a matter of weeks I think. About our plans for DC and basically if you look across the title of the whole band of hits whether its Batman, The Dark Knight, Green Lantern coming up, Superman, there have been a huge number of franchised films that have been part of the Warner [tent pole] strategy that's been the reason for Warner's unparallel high and consistent earnings advantage over the other studios and DC has already been a part of that and we are now going to outline an even more expansive plan for that in the coming months."
Wow, in a matter of weeks we might see where DC films is headed. Hopefully there is some progress on their most iconic superhero characters. Superman is an ugly legal mess but maybe we can hear solid news on The Flash or Wonder Woman. For the full Q4 2009 conference report, click on the link below. The above quotes are from page 9.
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