Time Warner revenues jump 5%

wMedia giant Time Warner stated Wednesday profits rose slightly to $773 million from $769 million last quarter.Revenues elevated 5% in the year-ago quarter to $8.2 billion, reflecting greater revenues at shot entertainment from the "Harry Potter" franchise and from cable systems.Network revenue rose 5% (by $151 million) to $3.5 billion, together with a 5% ($89 million) increase in subscription revenues, a couplePercent ($25 million) in ad revenues and 16% ($42 million) rise in content revenues. Advertising revenues achieved positive results from worldwide growth. Content revenues elevated because of greater certification revenues at Turner. Systems modified operating earnings rose 27% ($240 million to $1.1 billion) driven through the timing of programming and marketing expenses.Film revenues rose 7% (by $254 million) to $3.9 billion, due mainly to more powerful home theatre and gaming slates and new subscription video-on-demand contracts. Growth was offset partially by lower theatrical film revenues minimizing television license costs. Contact the range newsroom at news@variety.com