I hope they do Bounce back, it's sad to see Such a Major company in this situation.

Plus i am dying for an update on the Next Bond Movie.

How does a company that has Bond and LOTR go bankrupt?

Yea, in ways it's actually good. This is the only hope they have really. I mean that's the whole nature of Chapter 11 bankruptcy: to give aid and keep someone from going completely under. It's a reorganization/aid thing.

You mean: Harry Potter is showing his magic extends beyond the screen by keeping WB at the top lol.

Having Batman films ready to be made sure helps.
Instant blockbuster.

Its a good example of it. They milked the hell out of Harry Potter and just Harry Potter. Now that its ending they are milking their super hero franchises, something they could of done ages ago. When thats done they will have something else to milk.

Not only that but their "experiements" are highly rated and make it bigtime too. Look at Inception and what not. WB knows how to make good films and have created a good name for themselves. Anything with a WB logo on it will sell well.