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Harry Potter lifts Warner home video revenue, bucking a trend

August 04, 2011|The Los Angeles Times

Strong sales for "Harry Potter and the Deathly Hallows -- Part 1" pushed up Warner Bros.' home video movie revenue by 29% amid an overall shrinking market, helping drive improved financial results for media conglomerate Time Warner during the second quarter ended June 30.

The New York-based owner of Warner Bros., cable networks HBO, TNT and TBS, and the Time Inc. magazine group reported a 10% increase in revenue to $7 billion and a 14% rise in net income to $638 million. Both figures were slightly ahead of Wall Street expectations but not good enough to defy an overall down day for the stock market.  COMPANY TOWN

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