HARRY POTTER HELPS TIME WARNER PROFITS

TIME Warner’s film division has had its best quarter ever, with revenues growing by 19 per cent and profits improving by a whopping 153 per cent, largely due to the success of Harry Potter and the Deathly Hallows Part 2. Overall, Time Warner reported $822m (£515m) in profits, up from $522m last year, and $7.1bn in revenues. Its publishing division declined in both revenues and earnings.