Time Warner quarterly revenue rises 9%

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(Reuters) - Time Warner Inc (NYSE:TWX), which is in the process of being bought by AT&T Inc (NYSE:T), reported a 9 percent rise in quarterly revenue on Thursday, helped by the success of its latest superhero movie "Justice League".

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The company's net income attributable to shareholders increased to $1.39 billion, or 1.75 cents per share, including a gain of $1.06 per share related to changes to U.S. tax laws.

In the year-ago quarter, the company earned $293 million, or 37 cents per share.

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Revenue rose to $8.61 billion from $7.89 billion.

(Reporting by Sonam Rai in Bengaluru; Editing by Saumyadeb Chakrabarty)

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