One of Time Warner Inc.'s most popular shows is "Game of Thrones," which airs on its pay-TV channel HBO.
The show's wide popularity and critical acclaim have prompted many fans to seek out pirated copies of its episodes, rather than shell out for HBO each month.
During a conference call with investors Time Warner Chairman and CEO Jeff Bewkes was asked what he thought about the illegal downloads and their effect on Time Warner.
"People have always been running wires down the back of apartment buildings and sharing with their neighbors. Our experience is, it all leads to more penetration, more paying subscribers and more help for HBO, less reliance on having to do paid advertising," Bewkes said.
"'Game of Thrones' is the most pirated show in the world. That's better than an Emmy," he said.