Thursday, 22 April 2010

Warner Bros To Acquire Games Developer Turbine

The film studio is all set to acquire Turbine, an online gaming company responsible for 'Dungeons and Dragon' as well as the online version of the 'Lord of the Rings' game.

The deal will allow Warner to spread its tentacles into the social gaming world and as it is part of a huge media conglomerate, Time Warner, it will certainly have the capital behind it to spread even further.

Commenting on the acquisition, Kevin Tsujihara, president of Warner's home entertainment group, said in a statement to the Financial Times that:
“Where the trends are dragging us towards is looking at 3D opportunities and going direct to the consumer. The connected consoles are really a path to the home in a way that could become a meaningful distribution platform for us.”
The studio explained that it has every intent of exploiting the increasing trends for internet enabled TV and to get a piece of the pie that is general online content.

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