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Tuesday, January 7, 2014

Warner Bros in talks with Dutch production firm Eyeworks - media, (NYSE: TWX)

Time Warner's Warner Bros division is in talks to purchase Dutch television production company Eyeworks, Dutch media reported on Tuesday, giving no details of the value of the deal or sources. Eyeworks produces and distributes entertainment programmes in 16 countries for more than 100 television channels, its website says, and has 1,500 staff. The bulk of its operations are in Europe but it is also active in Argentina, Chile, Brazil, the United States, New Zealand and Australia.Its most successful international titles include Test The Nation, Who Wants to Marry my Son?, Beat The Blondes, Reality Queens of the Jungle and I Know What You Did Last Friday.Eyeworks failed to comment on the media reports. Warner Bros was not immediately reachable for comment.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.74% or $-0.51/share to $68.16. In the past year, the shares have traded as low as $48.84 and as high as $70.77. On average, 4177790 shares of TWX exchange hands on a given day and today's volume is recorded at 3579315.