'Potter', 'Hangover' Discs Spur Time Warner Q4 Studio Profit Surge3 Feb, 2010 By: Erik Gruenwedel
Strong box office results from The Blind Side and Sherlock Holmes, coupled with increased DVD/Blu-ray Disc sales of Harry Potter and the Half-Blood Prince and The Hangover, contributed to Time Warner Inc.'s filmed entertainment unit Feb. 3 reporting fourth-quarter (ended Dec. 31) operating income of $436 million, up 61% from operating income of $271 million during the previous-year period.
The film segment includes Warner Bros. Studios and Warner Home Video, among other properties.
The results follow the day after 20th Century Fox Home Entertainment and Fox Studios posted impressive quarterly revenue and operating income rebounds.
Revenue for the quarter increased $205 million to $3.3 billion due in part to video game sales of new releases LEGO Indiana Jones 2: The Adventure Continues and LEGO Rock Band.