Time Warner CEO Jeff Bewkes had an update this morning for fans of DC Comics, and corporate synergy, in his quarterly call with Wall Street analysts. He talked up the prospects for the comics franchise, noting that DC Comics-related theatrical movies will join Star Wars as part of the effort to refresh TBS and TNT.
“We announced this quarter that TBS and TNT have reached a deal with Disney to be the cable home for the entire canon of Star Wars movies, and a similar deal with Warner Bros for its DC theatrical titles,” he said. “And that’s added to an already strong lineup that also includes Disney’s Marvel movies and the Hunger Games franchise.”
The effort “aligns perfectly with the younger audiences these brands are drawing.”
Later in the call, Bewkes touted what he called the “much anticipated” upcoming releases of Wonder Woman, Justice League and Lego Batman. He also cheered “an unprecedented 10 television series based on DC characters” — a business that he says is “generating more than $1 billion a year in revenue and going up.”
Sales are strong in digital properties, consumer products and “even in print,” he added.
Indeed, “since May DC has shipped a record 18 million comic books based on the new Rebirth series.” That’s “spearheaded by Geoff Johns, the renowned comic book writer who’s also actively helping to shape our DC films.”
In September the CEO told investors that upcoming DC Comics-related films will have “more lightness in them” than people saw from this year’s financially successful — but critically panned — Batman V Superman and Suicide Squad.
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