The world hasn't converted entirely to a Kickstarter-based economy yet -- Activision's fiscal 2011 earnings are up again, with net revenues at $4.76 billion dollars (vs. 2010's $4.45 billion), exceeding its most recent outlook. Activision claimed the number one console and handheld publishing spot in both its fiscal Q4 (ending December 31) and the year of 2011.

What drove this success? Like you don't know, but: Call of Duty. Modern Warfare 3 was the best-selling game in terms of dollars, and Black Ops was #5. Skylanders also contributed, as it was the #8 best-selling game in the fourth quarter, and best-selling kids' game of 2011.

Digital revenue broke records again, with over 34 percent of that $4.76 billion net coming from "digital channels." No, you aren't forgetting some breakout XBLA hit from Activision -- those digital channels are COD map packs and WoW.

This article was originally published on Joystiq.

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