<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[GameUP24]]></provider_name><provider_url><![CDATA[https://gameup24.wordpress.com]]></provider_url><author_name><![CDATA[William A.]]></author_name><author_url><![CDATA[https://gameup24.wordpress.com/author/louzwate/]]></author_url><title><![CDATA[Video Game Sales Slide At Warner&nbsp;Bros.]]></title><type><![CDATA[link]]></type><html><![CDATA[<div><img src='https://i0.wp.com/static.gamespot.com/uploads/screen_medium/416/4161502/2891152-batman+-+batman+-+2015-06-17+08-55-4604.jpg' style='max-width:600px;' /></p>
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<p>Media giant Time Warner&#8211;which operates video game, TV, and movie units&#8211;today reported earnings for the quarter and full year ended December 31, 2016. Video game revenue was down year-over-year, but the company overall saw sales increase by 4 percent to $29.3 billion.</p>
<p>Time Warner&#8217;s Warner Bros. division, which includes movies, TV, and games, saw flat revenue at $13 billion. The company&#8217;s movie and TV revenues rose year-over-year, thanks to new releases like <em>Batman v Superman</em>, <em>Suicide Squad</em>, and <em>Fantastic Beasts</em>, but was offset by lower video game sales.</p>
<figure><a href="http://ift.tt/2kNBFQw"><img alt="No Caption Provided" src="http://ift.tt/2k2EWXy"></a></figure>
<p>Warner Bros. explained that it had a tough comparison for video games, as the same period last year benefited from major games like<a href="http://ift.tt/1nlEgKm"> Mortal Kombat X</a> and<a href="http://ift.tt/1fFYSpb"> Batman: Arkham Knight</a>. By comparison, Warner Bros.&#8217; 2016 slate included <a href="http://ift.tt/1BLZAkI">Lego Marvel&#8217;s Avengers</a>, <a href="http://ift.tt/1Y8cl1B">Lego Star Wars: The Force Awakens</a>, <a href="http://ift.tt/24O4bgM">Batman: Arkham VR</a>, and <a href="http://ift.tt/1U14xxo">Batman: Return to Arkham</a>.</p>
<p>Operating income for the Warner Bros. division rose 22 percent to $1.7 billion. Warner Bros. noted that its big box office haul and the $90 million sale of Flixster was more than enough to offset the lower video game revenue.</p>
<p>Some high-profile upcoming Warner Bros. games include <a href="http://ift.tt/1sAmxWO">Injustice 2 </a>and the console versions of <a href="http://ift.tt/1AIrMXC">Lego Worlds </a>and<a href="http://ift.tt/R83C1O"> Lego City Undercover</a>. The company is also developing a <a href="http://ift.tt/2jZAQDL">new Cars 3 game with Disney</a>, while a <a href="http://ift.tt/2hMstu4">new Batman game starring Damian Wayne is reportedly in the works</a>.</p>
<p>Time Warner&#8217;s HBO division saw its revenue rise 5 percent to $5.9 billion, helped by subscription revenue jumping 5 percent. Time Warner called out <em>Game of Thrones</em>, <em>Veep</em>, <em>Last Week Tonight</em>, and <em>Westworld </em>in its earnings report. It added that the sixth season of <em>Game of Thrones </em>averaged almost 26 million viewers, making it the most-watched series ever for HBO. <em>Westworld </em>averaged 13 million viewers to set a new first-season record.</p>
<p>You can read Time Warner&#8217;s full earnings report <a href="http://ift.tt/ZaLgAu">here</a>.</p>
<p>Time Warner is just the latest to report earnings in recent weeks. Check out the stories below to see how other companies are doing; Activision, Ubisoft, and Nvidia report earnings on February 9.</p>
<ul>
<li><a href="http://ift.tt/2kpD903">How&#8217;s Xbox Doing? Key Takeaways From Microsoft&#8217;s Earnings</a></li>
<li><a href="http://ift.tt/2lfx07k">Sega: Here Are The Takeaways From New Earnings Report</a></li>
<li><a href="http://ift.tt/2kJK6fj">Square Enix Revenue And Profit Rise</a></li>
<li><a href="http://ift.tt/2kqSmR6">Capcom Sales And Profits Decline</a></li>
<li><a href="http://ift.tt/2jYVIHX">PS4 Ships 9.7M Units In Last Three Months</a></li>
<li><a href="http://ift.tt/2jXDhYt">Bandai Namco&#8217;s Licenses Strengthen Sales And Profits</a></li>
<li><a href="http://ift.tt/2kL5VbH">Konami Income Falls But Profits Soar By 70%</a></li>
<li><a href="http://ift.tt/2kjIjKT">GTA 5 Ships 75 Million Copies, As NBA 2K17 Approaches 7 Million; Mafia 3 Rises To 5 Million</a></li>
</ul>
<p><em>Source: <a style="text-decoration:none;" href="http://ift.tt/2kNvLin">GameSpot</a></em></div>
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