Fewer home video releases and a drop in video catalogue sales contributed to a decrease in filmed entertainment revenues for Time Warner Inc. during the 2009 fiscal year. For the fiscal year ending Dec. 31, Warner Bros. brought in $11.1 billion in revenues, a 3 percent drop from the previous year. Warner Bros. had a record year at the box office with assured hits like the latest installment in the “Harry Potter” franchise joined by out-of-leftfield films such as “The Hangover” and “The Blind Side.” Warner Home Video continued at number one in DVD sales, Blu-ray Disc sales, VOD and electronic sell-through. Overall, the entertainment and media conglomerate showed an improvement for the 2009 fiscal year with a net income of $2.5 billion, or $2.07 per diluted share, on revenues of $25.8 billion. For the previous year, the company reported a net loss of $13.4 billion, or $11.23 per diluted share, on revenues of $26.5 billion. For the fourth quarter, Time Warner reported net income of $627 million, or $0.53 per diluted share, on revenues of $7.3 billion. For the same period in 2008, the company reported a net loss of $16 billion, or $13.41 per diluted share, on revenues of $7.2 billion. Mark R. Madler