Warner Bros. having a rare down year

August 18th, 2006

“Last year Warner Bros. President Alan Horn was at the top of his game. Boy wizard Harry Potter, eccentric candy maker Willy Wonka and crime fighter Batman catapulted Warner to its most profitable year. But the hot streak ended with a thud. Not even Superman could prevent a crush of movie losses that has shaken the venerable Burbank studio and its affable leader. The costly disaster movie “Poseidon,” director M. Night Shyamalan’s fantasy thriller “Lady in the Water,” the computer-animated “The Ant Bully” and the urban drama “ATL” could lose more than $120 million combined for Warner and its financial partners, according to one person familiar with the films’ finances…” (Read full article here)

Entry Filed under: World & Business, Entertainment