BUSINESS

Batman Saves Gotham, Time Warner's Second-Quarter Finish

07/29/2008 05:12 am ET | Updated May 25, 2011

The record $155.3 million take in the first weekend of Time Warner Inc.'s The Dark Knight will boost the New York media company's chances of meeting its full-year forecast, according to UBS AG analyst Michael Morris.

Warner Brothers' sixth Batman film, which trumped last year's Spiderman 3 as well as Mr. Morris's projections, will likely give Time Warner similar returns to the total $891 million made by Spiderman 3, the UBS analyst said.

Read more on Crain's New York Business

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