HBO,CNN and Turner owner plans to grasp on streaming rivals by investing in digital – and bolstering cable and satellite by keeping their content exclusiveTime Warner has prick its 2016 profit forecast and hinted it may delay releasing shows to streaming services such as Netflix that pose a threat to its business.
The HBO, CNN and Turner owner’s revenue increased by 5% to $6.6bn, and but its earnings outlook of $5.25 per share for 2016 fell short of expectations for $5.60.[br]Continue reading...
Source: theguardian.com