HBO And Warner Bros. Will Drive Time Warner's Future Growth

We believe that, in the short to medium term, Time Warner's stock will primarily be driven by two factors - HBO and Warner Bros.- movies and TV licensing. However, unfavorable currency effects will likely be a drag on earnings. HBO's unparalleled content will continue to aid its subscription growth in the coming years while the new streaming service will widen its subscriber reach. Warner Bros.' movies and TV licensing will aid Time Warner's overall growth. We currently estimate revenues of abou...