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Time Warner’s movie business has bounced back. After reporting a huge revenue drop in its theatrical products last quarter—down by 20 percent—the company announced on Wednesday that it saw a 13 percent spike in filmed entertainment revenue during the second quarter, totaling $2.8 billion.
Summer movies saved the day for Warner Bros. Despite the lackluster performance of Green Lantern, Harry Potter and the Deathly Hallows: Part 2 shattered records, grossing more than $1 billion worldwide by the end of July.
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