Warner Bros. Home Entertainment Group acquires online gaming studio Turbine, Inc.

Warner Bros. Home Entertainment Group has announced the acquisition of Turbine, Inc., the largest privately-held online gaming studio in North America.

Turbine is a leader in online entertainment and a strong strategic fit for Warner Bros. as we continue to broaden our games portfolio and development capabilities,” said Kevin Tsujihara, president, Warner Bros. Home Entertainment Group. “Turbine’s renowned online game development and publishing expertise will help us develop additional online product offerings, while also providing us with new and innovative ways to market and communicate with our consumers.”

In 2007, Warner Bros. acquired TT Games, developer of the LEGO-based game franchises, including LEGO Star Wars, LEGO Indiana Jones and LEGO Batman. Early in 2009, Warner Bros. acquired Snowblind Studios to develop its The Lord of the Rings games franchise, with the first title The Lord of the Rings: War in the North expected to be released in 2011. Also in 2009, the Studio purchased the primary assets of Midway Games. Midway published the Mortal Kombat franchise, which has sold over 26 million units worldwide. Most recently, Warner Bros. acquired a majority stake in Rocksteady Studios, a privately held developer of interactive entertainment targeted at teens and adults.

Aprox. Value:  Undisclosed. The Boston Globe reported that “Warner Bros. will pay as much as $160 million, including sums to be paid to Turbine shareholders in future years if the company meets certain financial targets.”  

Acquirer:  Warner Bros. Home Entertainment Group
ACQ Web:  http://www.warnerbros.com 
Location:  USA, Burbank, CA
Region:  North America
Description:  Warner Bros. Home Entertainment Group (WBHEG) brings together Warner Bros. Entertainment’s home video, digital distribution, interactive entertainment, technical operations and anti-piracy businesses. WBHEG oversees the global distribution of content through packaged goods (Blu-ray Disc and DVD) and digital media in the form of electronic sell-through and video-on-demand via cable, satellite, online and mobile channels, and is a significant developer and publisher for console and online video game titles worldwide. WBHEG distributes its product through third party retail partners and licensees, as well as directly to consumers through WBShop.com.
Category:  Entertainment, Media
Contact:  Kevin Tsujihara, president, Warner Bros. Home Entertainment Group
 
Vendor:  Turbine, Inc
Vendor Web:  http://www.turbine.com 
Location:  USA, Boston, MA
Region:  North America
Description:  Turbine is the largest privately-held online gaming studio in North America and has created some of the world’s most popular and award-winning online games, including The Lord of the Rings Online™, Dungeons & Dragons Online®: Eberron Unlimited™, and Asheron’s Call®.
Category: Online Games
Contact:  Jim Crowley, president and CEO

Previously reported on Fusion DigiNet: Warner Bros. Home Entertainment Group acquires majority stake in Rocksteady Studios February 23, 2010

  
FDN Database Reference:  F231109-392
 
Contact us at pkelly@fusioncorp.co.uk or visit the Fusion Corporate Partners website

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