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LEGO Harry Potter helps Warner profits increase

Company-wide revenues up 8 per cent to $6.4 billion; Potter ships 2.7m units

Time Warner has posted its highest revenue growth rate for two years, marking an eight per cent rise in revenues across the company for the second quarter.

The Filmed Entertainment division, which houses Warner Bros Interactive Entertainment - publishers of the LEGO videogames - saw revenues climb $183 million (£115 million), up 8 per cent, to $2.5 billion.

The latest title, LEGO Harry Potter: Years 1-4, has shipped over 2.7 million copies worldwide since its release on June 29, 2010.

The division also includes the Warner Bros cinematic arm, which posted strong gains on releases such as Inception and Sex and the City 2, but increased videogame revenues were acknowledged as a contributing factor to performance for the period.

"Time Warner delivered another quarter of strong financial and operating performance. Our revenue increased at its highest rate in two years, driving 15 per cent growth in adjusted operating income," said chairman and chief executive officer Jeff Bewkes.

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