The document compares the films Happy Feet 2 and The Hobbit. It notes that both films were produced by Warner Bros, with budgets of $107 million for Happy Feet 2 and $250 million for The Hobbit. Happy Feet 2 lost money while The Hobbit made over $1 billion in profit. Warner Bros is a major film studio known for producing both large budget fantasy films like The Hobbit and lower budget films aimed at families like Happy Feet 2.