21st Century Fox revenue jumps on film successes

Twenty-First Century Fox, the film and TV company controlled by Rupert Murdoch, reported an almost 17 percent rise in quarterly revenue, helped by the box office success of films such as "X-Men: Days of Future Past'' and growth in its cable network business.

The company, separated from News Corp last June, said revenue rose to $8.42 billion in the fourth quarter ended June 30, from $7.2 billion a year earlier.

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Net income attributable to shareholders was $999 million, or 45 cents per share, compared with a loss of $371 million, or 16 cents per share in the same quarter of 2013.

The company withdrew its $80 billion offer to buy Time Warner on Tuesday, abandoning plans to create one of the world's largest media conglomerates.

— By Reuters