The document compares the films Happy Feet 2 and The Hobbit. It states that both films were produced by Warner Bros, with George Miller producing Happy Feet 2 and Peter Jackson producing The Hobbit. Happy Feet 2 had a budget of $107 million and lost $64 million, while The Hobbit had a larger budget of $250 million and made a profit of over $1 billion. Warner Bros is described as a major film studio known for producing big-budget fantasy films.