What's up, Doc? At Warner Bros. Entertainment, what's up is a horde of film and TV properties. Warner Bros. Pictures produces and distributes flicks including the Harry Potter and the Deathly Hallows movies (Parts 1 and 2), as well as Inception and The Hangover Part II. Warner Bros. Home Entertainment has the world's largest film library; it distibutes DVDs and digital content and has video game activities. Warner Bros. Television Group produces shows including The Big Bang Theory (on CBS) and Gossip Girl (The CW Network). Warner Bros. also owns movie studio Castle Rock Entertainment, comic book company DC Entertainment, and 50% of The CW Network. The company is a subsidiary of Time Warner. That's all, folks!
Warner Bros. Entertainment accounts for about 40% of its parent company's overall revenues. The unit continues to be an industry leader in the motion picture and television production and distribution business due to its constant investment in programming and marketing.
Due to the massive success of its 2008 hit The Dark Knight, the company is focusing on its DC Entertainment unit. (The fact that the studio's Harry Potter days are over, at least from a new theatrical content perspective, is another movite for Warner Bros.' focus on DC.) In 2012 it released the highly anticipated Batman sequel, The Dark Knight Rises. Despite a mass shooting at a Colorado movie theater that occurred during a midnight screening, the film took in about $162 million in North America over its opening weekend.
Other DC-related releases include 2011's Green Lantern, as well as the upcoming Superman: Man of Steel. Also as part of its DC-related efforts, Warner Bros. is charged with the task of integrating the comic book business, brand, and characters into all areas of its operations, including including feature films, television, interactive entertainment, direct-to-consumer platforms, and consumer products.
In 2011 the company's revenues increased compared to the prior year, thanks to all the muggles who lined up to see the final installment of the Harry Potter series. Surprising no one, Harry Potter and the Deathly Hallows: Part 2 earned the distinction of being the number one film of the year, earning some $1.3 billion at the box office. Other hits for Warner Bros. in 2011 included The Hangover Part 2 and Horrible Bosses.
The small screen is another area in which the company has a strong foothold. Warner Bros. Television Group (WBTVG) produces primetime, network, first-run syndicated, cable, and animated television series. It supplied more than 30 scripted primetime series for the 2011-2012 television season, including The Closer on TNT, and Mike & Molly, Two and a Half Men, and The Big Bang Theory on CBS. In addition, through Telepictures Productions the company makes reality-based and talk/variety series for daytime syndication (Extra and The Ellen DeGeneres Show) and late night (Lopez Tonight). Teleproductions also produces entertainment news and gossip show TMZ on TV (through TMZ Productions).
Home video revenues have declined in recent years thanks to a shift to subscription rental services and discount rental kiosks. The company has responded to an increase in digital streaming and downloading by reorganizing its home entertainment operations. Warner Bros. Home Entertainment Group (WBHE) houses Warner Home Video and an interactive video game division, Warner Bros. Interactive Entertainment, as well Warner Bros. Digital Distribution assets. WBHE distributes movies and interactive content through online, wireless, pay per-view, and related technological channels. In 2011 WBHE expanded through Time Warner's purchase of online service Flixster, reflecting its commitment to boost digital distribution.