Time Warner's slumping Filmed Networks division sees bright spot to 49 percent income drop in Traveller's Tales' family-friendly action game.
Warner Bros. Interactive Entertainment has a handful of high-potential titles due in 2011, including Mortal Kombat, F.E.A.R. 3, and Batman: Arkham City. However, even without those big-name titles, the gaming label is starting the year off on a positive note, judging from parent company Time Warner's first-quarter earnings, which were released this week.
For the reporting period ended March 31, Time Warner's Filmed Entertainment division was in part propped up by higher game revenues, led by Lego Star Wars III: The Clone Wars. The Traveller's Tales-developed game debuted on the Xbox 360, PlayStation 3, PSP, Wii, DS, 3DS, and PC on March 22 and received a lukewarm critical reception.
The bump in game sales could not fully offset Time Warner's slumping Filmed Entertainment segment. The division saw substantial declines during the quarter, reporting operating income had fallen 49 percent to $158 million. Revenue was also down during the three-month period, falling 3 percent to $2.6 billion. The division also includes WB's film business.
Time Warner's Filmed Entertainment segment is a large portion of its business, but it is not the largest. Overall, the media conglomerate posted a revenue jump of 6 percent to $6.7 billion, led primarily by gains attributable to its booming Networks TV division. Operating income, however, slipped 13 percent to $1.3 billion.
@Granpire - very true that playing co-op is much more fun!! @MJ12-Conspiracy - Lego Lord of the Rings!!! or Lego Twilight Saga :P
The next Lego game I'd like to see is another Lego Batman or maybe Lego Marvel Universe, Lego Mass Effect would also be cool.
@SadPSPAddict I completely agree! I enjoyed the game more than any previous Lego Star Wars. It might not be as amazing as when the first game came out, but the epic strategy battles and the new gameplay twists make for lots of improvements. But then, the game is about half as fun by yourself! :)
My family thinks the "official" review was a bit harsh. Some of the comments are fair enough but we think it's a better game overall :D
Emmy-winning writer Jon Vitti, who penned "Mr. Plow" episode of The Simpsons, working on 2016 film based on Rovio's game. Full Story
- Posted May 20, 2013 12:23 pm PT
Bankrupt publisher hoping to bring in at least $22 million from upcoming asset auctions. Full Story
- Posted May 23, 2013 9:43 am PT
Network journalist acknowledges one-sided violent video game report; invitations to Bungie and the Entertainment Software Association were declined. Full Story
- Posted May 20, 2013 10:45 pm PT