Tag Archives: vc

Time Warner and GGV Capital have agreed to finance Lord of the Rings Online developer Turbine to the tune of $40 million.

We’re not entirely sure if this is the same $40 million the company was supposed to have raised a month ago, but either way Turbine boss Jim Crowley is absolutely over the moon.

“This is truly an exciting time for Turbine. The addition of Time Warner, one of the world’s largest media companies, and GGV Capital, one of the financial community’s most sophisticated investors, adds a level of access, perspective and experience to Turbine that is singularly unique in the global online entertainment space,” he said.

Full press release after the link.

By Mike Bowden

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See here. Developer Sparkplay just got a bunch of money after years of living on beans on toast.

“We’ve been self-financing, and thus bootstrapping, for two years now and are incredibly excited about the chance to expand and accelerate our plans,” said CEO Matt Mihaly, probably from a bath full of gold. “We’re developing a different kind of game: one that combines compelling traditional MMO gameplay with new experiences that can be shared with friends on social networks and beyond.”

American Wii owners will be able to grab 1080° Snowboarding through Virtual Console at 9am PST, says this press release. The game has been available over the European service for a couple of weeks. It’ll set you back 1,000 Wii points, US-types.