Warner Bros. is aiming to cut production costs by reducing the number of movies it turns out annually by 26 percent -- from 27 movies per year in 2008 to 20 ASAP, Jeff Robinov, president of Warner's motion picture group, has told the London Financial Times . The studio has already reduced the number of films it produces annually 19 percent to 22. The cutback comes at a time when the studio is losing its most reliable blockbuster -- the Harry Potter franchise, placing additional pressure on it to succeed with fewer films. "Our plan is to expand our event movies," Robinov told the FT . We think it will take two movies to replace -- if replace is the right word -- the loss of Harry Potter on an economic basis." He indicated that the studio is betting that this year the two movies will be The Dark Knight Rises in July and The Hobbit in December.
05/03/2012
Long before the time of Harry Potter, wizards and witches still lived their lives in...
Harry Potter and his friends, Ron Weasley and Hermione Granger, continue their search for Voldemort's...
The final instalment of the Harry Potter series is almost upon us! Harry Potter and...
Watch the trailer for Harry Potter and the Half-Blood PrinceHarry, Ron and Hermione are fast...
It's gotten to the point where the quality of the films don't really matter: Now...
Harry Potter and the Order of the PhoenixTrailerWe've managed to get our hands on the...
Welcome back, Potter.The beloved Harry Potter returns to screens, a scant year after his most...
In his second big-screen outing, adolescent wizard Harry Potter is blessed with enough cinematic magic...
Harry Potter is growing up, and so is his movie franchise.Under the tutelage of a...