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Turbine has been acquired by Warner Bros.

Wednesday, 21st April 2010 00:34 GMT By Stephany Nunneley

lordoftheringsring

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.

Breaking news

3 Comments

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  1. Uncontested

    I suppose that sounds the final death knell for Asheron’s Call. It was a great 7 or so years that I played that game. (( I think its been around for 11 now ))

    #1 4 years ago
  2. scratchy69

    That’s the end of the biggest independent developer in the US then – swallowed up by the man.

    #2 4 years ago
  3. Patrick Garratt

    I bet Jeff and the boys are on a mad Vegas bender today. Charlie, hookers, hookers called Charlie, the works.

    “What’s your name, honey?”
    “Just call me the $160 million man.”

    #3 4 years ago