Time Warner Inc.’s stock price rose nearly 4 percent Monday in the wake of a massive $170 million opening weekend for Batman v Superman: Dawn of Justice.

Burbank’s Warner Bros. Entertainment Inc. is releasing the film.

Despite weak reviews, the DC Comics-based movie had the largest March opening in history and also raked in more than $424 million worldwide.

Time Warner shares closed at roughly $73 on Monday – up $2.60 from Friday’s close. With 10 other DC Comics films slated to debut over the next six years, Batman v Superman’s record opening was widely hailed as a harbinger for future box-office success.

The news represents a big turnaround for Warner Bros. and its New York parent company, which saw a string of disappointing movie releases in 2015. Time Warner’s stock dropped to as low as $56 based on the poor results and investor fears that the cord-cutting tendencies of younger audiences would impact the media giant’s profitability.