Time Warner Inc. 's TWX recent superhero flick - Wonder Woman - continues to win hearts of movie lovers. So far, the movie has not only grossed more than $715 million globally but has also received 92% rating on Rotten Tomatoes.
Moreover, the movie has raked in above $350 million at domestic box office, making it the 22nd fastest movie to reach the mark. Superb box office performance of the Wonder Woman has helped the company's DC Extended Universe to reach a major milestone.
The four movies of the DC Extended Universe - Man of Steel, Batman v Superman: Dawn of Justice, Suicide Squad and Wonder Woman (still counting) has now garnered more than $3 billion worldwide. Batman v Superman: Dawn of Justice earned more than $870 million globally, while Man of Steel had garnered more than $660 million worldwide. Meanwhile, Suicide Squad which was released in Aug 2016, collected nearly $750 million. DC continues to extend its cinematic universe with Justice League being next in the line, slated to hit theaters on Nov 17, 2017.
We believe the remarkable performance of Wonder Woman will drive the Warner Bros. revenues in second-quarter fiscal 2017. In the first quarter, Warner Bros. revenues jumped 8% to $3,365 million.
Stock Performance & Other Development
In the past one year, the stock of this diversified media conglomerate has outperformed the Zacks categorized Media Conglomerates industry. The stock has surged 33.4%, while the industry advanced 6.2%. On the other hand, the broader Consumer Discretionary sector gained 17%.
Recently, in an effort to attract more young audience and increase advertising revenues, Time Warner has struck a deal with Snap Inc. SNAP . Per the deal, Time Warner will create and produce 10 original shows annually over the next two years.
Time Warner will make variety of shows like scripted dramas, documentaries and comedies. Following the deal, the number of shows on Snapchat will increase to three per day from one by the end of 2017. Earlier, Snap had sealed similar deals with other companies such as Comcast Corporation's NBC Universal and The Walt Disney Company's DIS ABC Networks.
Time Warner, which accepted the buyout offer of AT&T Inc. T , currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>