Time Warner revenue grows by 11.5%

Helped by the success of the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them," Time Warner reported an 11.5 percent increase in quarterly revenue.

The company, which is in the process of being bought by AT&T, posted net income from continuing operations of $317 million. That's down from $857 million in the fourth quarter of 2015.

Revenue rose to $7.9 billion from $7.1 billion.

Read more from Reuters.