‘Harry Potter,’ ‘Hangover 2’ Propel Warner’s to $4.7B Worldwide Box Office

The studio was the second largest grossing studio in 2011, after Paramount

Thanks to the final Harry Potter film and the raunchy comedy "The Hangover Part II," Warner Bros. racked up $4.7 billion worldwide in 2011, the studio announced on Friday.

That's a lordly sum, but Warner Bros. did have to surrender its box-office crown to rival Paramount, which grossed $5.17 billion this year. 

It also falls short of the $4.8 billion the studio generated in the previous year. However, in a release touting the announcement, Warner's notes that 2011's gross makes it the first studio to ever exceed $4 billion globally for three consecutive years.

Domestically, the studio made north of $1.83 billion. 

Foreign markets continued to be a source of strength for Warner Bros., with the studio earning $2.87 billion internationally last year on a tentpole heavy slate that included new installments of its Final Destination and Sherlock Holmes franchises.

“Our 2011 slate saw a broad range of hits that encompassed comedy, action, suspense, and, of course, a little magic," Jeff Robinov, president of Warner Bros. Picture Group, said in a statement. "We share these successes with our production partners, as well as all those who worked so hard, not only to make the movies but to bring them to a worldwide audience.” 

Leading the pack for the studios was its farewell to the its mega-grossing boy wizard saga, “Harry Potter and the Deathly Hallows – Part 2,” which earned more than $1.33 billion worldwide. Joining it in the hit column were  “The Hangover Part II” ($586 million, worldwide), “Horrible Bosses” ($215 million, worldwide), “Final Destination 5” ($164 million, worldwide), “Crazy, Stupid, Love.” ($148 million, worldwide), and “Contagion” ($141 million, worldwide), and  “Sherlock Holmes: A Game of Shadows,” which has grossed $286 million worldwide to date. 

Less successful were "Green Lantern," the adaptation of the comic book series, which garnered a lackluster $219 million worldwide on a $200 million budget, and "Happy Feet 2," which flapped its way to an underwhelming $122 million on a $140 million budget.