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At the Warner Bros. studio business, revenue fell 4 percent to $3.7 billion, largely because of a weaker lineup. The same quarter in 2011 had revenue from the home release of the final Harry Potter movie and the video game “Batman: Arkham City.” Theatrical releases of the first “Hobbit” movie and “Argo” in most recent quarter weren’t enough to offset those declines.

But operating income increased 29 percent to $552 million. Fewer releases mean fewer expenses to market the movies and make prints for theaters, though executives also credited the studio’s TV production business, which is seeing increased demand from networks for first-run shows and reruns and from the likes of Netflix looking for more content for their services.

The Time Inc. magazine business saw revenue fall 7 percent to $967 million as ad revenue fell and the company no longer had money from a school fundraising business sold in early 2012. Subscription revenue was flat.

The company expects 2013 adjusted earnings to be up in the low double-digit percentage, an estimate that reflects the anticipated restructuring charges at Time Inc. It was $3.28 per share in 2013, meaning the projected range is $3.61 to $3.77. Analysts had expected earnings of $3.66 per share for 2013.