Media titan, Time Warner–which seamlessly operates video game, TV, and movie units– just reported it’s earnings for the complete quarter and full year which ended at December 31, 2016 earlier today. Video game revenue had been down year after year. Despite that, the company overall saw sales bump by 4 percent to $29.3 billion.
Time Warner’s Warner Bros. subsidiary, which covers it’s movies, TV, and games, saw a rather flat revenue at $13 billion. The company’s movie and TV revenues have only risen over the past few years, thanks to fresh new releases such as Batman v Superman, Suicide Squad, and Fantastic Beasts, but this uprise was offset by significantly lower video game sales.
Warner Bros. has tried to rectify that its had rather tough competition for video games. During the same period last year, the company benefited from major triple a titles like Mortal Kombat X and Batman: Arkham Knight. By comparison, Warner Bros.’ 2016 slate even included Lego Marvel’s Avengers, Lego Star Wars: The Force Awakens, Batman: Arkham VR, and Batman: Return to Arkham.
The operating income for the Warner Bros. division increased by 22 percent to $1.7 billion. Warner Bros. further noted that its big box office haul and the recent $90 million sale of Flixster seemed to be more than enough to cover for the lower video game revenue.
A few of the upcoming Warner Bros. titles include Injustice 2 and the new console versions of Lego Worlds and Lego City Undercover. The company is also currently developing a new Cars 3 game with Disney, while a new Batman game starring Damian Wayne is reportedly in the works. so clearly, there’s lots going on that might turn Warner’s fate around in 2017 in the Gaming departement.
You can read Time Warner’s full earnings report here.
