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What Propelled Time Warner (TWX) to Attain New 52-Week High?

Time Warner Inc. TWX hit a fresh 52-week high of $100.67 on Jun 30, eventually closing at $100.41. We believe that the company's foray into new markets, strategic investments and digital endeavors have helped the stock attain new highs.

We also observed that shares of this diversified media conglomerate have moved up 35.1% in the last one year, and have not only outperformed the Zacks categorized Media Conglomerates industry but also the broader sector. While the industry has advanced 7.4%, the broader Consumer Discretionary sector gained 16.6%.

Let's delve deeper into the factors that have been helping the company's shares to surge and exhibit a sturdy performance.

Strategic Initiatives and Augmenting Digital Presence

Time Warner's significant international presence has helped it to broaden its client base and product portfolio. Moreover, rising demand of its content from distributors and other cable or satellite providers is augmenting revenues. Moreover, Game of Thrones is all set to return for its highly anticipated seventh season on Jul 16 and will be premiered on HBO.

The company has also improved its streaming and video-on-demand service through FilmStruck, which features the largest streaming...