Warner Bros. Pictures produces and distributes a wide-ranging slate of some 18-22 films each year, employing a business paradigm that mitigates risk while maximizing productivity and capital. Warner Bros. Pictures either fully finances or co-finances the films it produces and maintains worldwide distribution rights. It further monetizes its distribution and marketing operations by distributing films that are totally financed and produced by others. Current multi-faceted co-financing joint ventures include those with Village Roadshow Pictures and MGM. Warner Bros. Pictures also has a distribution and co-financing deal with Alcon Entertainment. Among WBPG’s 2020 releases are “Birds of Prey” (DC), Patty Jenkins’ “Wonder Woman 1984” (DC), Christopher Nolan’s “Tenet,” “The Conjuring: The Devil Made Me Do It” (NL) and “Dune.” In 2019, Warner Bros. Pictures Group released the highest-grossing R-rated film of all time, “Joker” (DC), which earned $1.08 billion at the global box office and won two Academy Awards, as well as the hugely successful horror sequel “IT Chapter Two” (New Line). In 2019, Warner Bros. Pictures Group earned $4.4 billion in worldwide receipts ($1.57 billion domestic, $2.85 billion international), marking the 10th time the Studio crossed the $4 billion mark. To date, Warner Bros. remains the only studio to cross the $1 billion mark both domestically and internationally 19 years in a row—an industry record.
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