Time Warner posted financial results for the full 2011 fiscal year today, noting an increase in revenue and profits year-over-year for its video game division.
The company's Filmed Entertainment sector, which houses its film, television, video and video game production, saw higher revenues thanks in part to a number of key video game releases and a "stronger" overall video game slate during the year, it said in a statement.
In particular, Warner noted that Batman: Arkham City shipped more than 6 million units worldwide, and was one of the best-selling games in North America during the fiscal year.
For the year ended December 31, 2011, the company's Filmed Entertainment division saw revenues of $12.6 billion, up compared to $11.6 billion year-over-year, and operating income of $1.3 billion, up compared to $1.1 billion year-over-year.
In terms of the fourth quarter, revenues recorded were $3.9 billion, up compared to last year, and operating income was $427 million, the same as last fiscal year.
Overall, the company posted total revenues of $29.9 billion, up compared to $26.9 year-over-year, and operating income of $5.8 billion, up compared to $5.4 billion year-over-year.
This has been a rock solid year for the Warner games division. Fear 3, Bastion and Batman: Arkham City were the ones I noticed.
I didn't really like Fear 3, but I absolutely loved Bastion, one of the best indie games of this generation. They took no part in the development of the game, but their bet on the launch of the game was spot on.
Rocksteady also achieved spectacular results with the batman franchise. I believe the sales doubles from the past iteration, and I'm confident it will hit at least the 7 million units sold worldwide.
Along with 2k, I believe that the best is yet to come if they continue to pave way with the same quality they have been bringing to the table.
I didn't really like Fear 3, but I absolutely loved Bastion, one of the best indie games of this generation. They took no part in the development of the game, but their bet on the launch of the game was spot on.
Rocksteady also achieved spectacular results with the batman franchise. I believe the sales doubles from the past iteration, and I'm confident it will hit at least the 7 million units sold worldwide.
Along with 2k, I believe that the best is yet to come if they continue to pave way with the same quality they have been bringing to the table.