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 Mortal Kombat ,  Lego Pirates  Drive Time Warner Game Revs

Mortal Kombat, Lego Pirates Drive Time Warner Game Revs

August 3, 2011 | By Mike Rose




Time Warner has reported its financial report for the second quarter, noting a growth in video game revenues due to a number of successful releases.

The company's Filmed Entertainment division, which comprises feature films, television, home video and video game production, saw a 13 percent increase in revenue to $2.8 billion year-on-year.

This, the company said, was due to the growth of its video game revenues. Releases such as Mortal Kombat 9 and Lego Pirates of the Caribbean were cited as the driving forces behind the increase.

However, the division saw a decline in operating income, down to $154 million from $173 million in the same quarter last fiscal year. The company blamed this on pre-release print and advertising expenses, amongst other reasons.

Overall, Time Warner saw its revenues increase by 10 percent to $7 billion, compared to $6.4 billion year-on-year, while its net income increased to $637 million from $560 million last year.

The Mortal Kombat reboot caused quite a stir earlier in the year when it was banned in Australia, due to the country's stringent policy on games with violent content.


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