That pair's performance was likely dwarfed by the record-breaking sequels at the cinema: Warner Bros. raked in over $1.5 billion worldwide between Harry Potter and the Deathly Hallows: Part 2 and The Hangover Part II. (But don't tell Green Lantern that.)
Operating income for the division dropped by 11 percent from last year to $154 million. According to Warner's statement, higher revenues were offset during the period by elevated advertising costs, restructuring costs, and film-related valuation adjustments. Time Warner as a whole posted a net income of $637 million for the quarter, alongside revenues of $7.03 billion.