The film studio plans to release at least 10 superhero movies over four years from its comic book unit DC Entertainment, beginning with 2016's "Batman v Superman: Dawn of Justice." ''Wonder Woman," ''Justice League Part One" and "Aquaman."
It plans to release three Lego sequels after the "The Lego Movie" packed theatres across the country and it will also release three movies written by "Harry Potter" author J.K. Rowling.
The studio also says it signed a deal to bring popular TV series "Friends" to video-streaming service Netflix Inc.
Shares of Time Warner Inc. rose 50 cents to $71.14 in afternoon trading Wednesday.