Wed, Apr 21, 2010 | 00:38 BST
Turbine has been acquired by Warner Bros.
Turbine has been acquired by Warner Bros. Interactive Entertainment, which will now give it complete control over all future Lord of the Rings games made.
Turbine also produces Dungeons &Dragons Online, and Asheron’s Call, as you all know already.
“I view this as Hollywood coming to Boston,” said Turbine’s chief executive Jim Crowley. Crowley also revealed that more than one million currently people play Dungeons & Dragons Online.
Financial details of the deal were not released, but a source has told Boston.com that Warner Bros. will pay as much as $160 million, as well as “sums to be paid to Turbine shareholders should the company meets certain financial targets”.
Previous purchases for Warner Bros. include Traveller’s Tales Games, Midway Chicago, and it recently purchased a majority stake in Rocksteady Studios.
Turbine holds the exclusive license to make all internet games based on the LOTR books.
Martin Tremblay, president of Warner Bros. Interactive has said that it would work with Turbine on developing new online gaming properties.
“We will, for sure, in the future expand that platform to much more new product,” he said.