![]() ![]() Zaslav briefly touched on what the strategy looked like for Harry Potter. In the latest earnings call, CEO David Zaslav described games as a core part of the company's strategy. Games in general cost less than movies to produce but can produce higher revenue. That's on par with the average Harry Potter movie (although the movies would cost more if adjusted for inflation). Not only can it be as big, but it is also more profitable Hogwarts Legacy reportedly cost $150 million to produce. This trend shows that gaming can grow to become as big a business unit for WBD as the movie studio business. It is also not the first time that a video game outpaced the box office performance of a movie with the same IP "Marvel's Spider-Man" game's first three days sales crushed that of "Spider-Man: Homecoming" on opening weekend. movie since the Joker in 2019 (although the game could surpass the Joker as well over time). But the game isn't just outselling Harry Potter movies, it actually has the highest sales compared to any Warner Bros. This isn't an apples-to-apples comparison given box office numbers aren't adjusted for inflation. While the box office performance is in the US only while the game's sales are global, Hogwarts Legacy is yet to be released on PS4 and Nintendo, so its sales numbers are likely to increase even more. Hogwarts Legacy's sales numbers in its first two weeks saw it recognize $850 million in revenue, multiples of any Harry Potter movie ever generated. Hogwarts Legacy absolutely destroys all Harry Potter movies () Games Are as Viable as the Movie Theater BusinessĬonsider the box office performance of Harry Potter Movies: It will also briefly discuss Q4 results, arguing that the cash flow generation of the business remains strong in the long-term. This article will discuss the relevance of the game's financial performance and why gaming can be a crucial part of the company's business going forward. Discovery's ( NASDAQ: WBD) announcement that Hogwarts Legacy has generated $850 million in sales two weeks after its release shows why the gaming unit could boost the stock. Ivanastar/iStock Unreleased via Getty Images ![]()
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