Back in late October, Warner Bros. received a $500 million investment in order to boost its gaming division, Warner Bros. Interactive Entertainment (WBIE). One of the planned uses of the money by Samantha Ryan, senior vice president of WB’s Seattle office, is to acquire some growing studios.
Today, WB announced they’ve acquired British studio TT Games, which encompasses two studios: Traveller’s Tales and TT Games Publishing. While Traveller’s Tales have been around since 1990, most fans will recognize them from their recent multi-platform title Lego Star Wars: The Videogame and its sequel Lego Star Wars II: The Original Trilogy. In combination, both games have sold over 12 million units worldwide.
Financial results weren’t disclosed. Even with the acquisition, TT Games will continue its existing partnerships with Lego, LucasArts and Guinness World Records. WBIE will publish Lego Batman: The Videogame, worldwide in 2008, along with Speed Racer: The Videogame and Project Origin with Monolith Productions.
Barry Meyer, chairman and CEO of WB, said, "TT Games is very successful and respected in the game development and publishing world. They are a great fit for us and the right next step for Warner Bros. as we grow into a significant presence in the games space."
John Burton, managing director of Traveller’s Tales, said, "After 18 years in the video games industry, the opportunity to become a meaningful part of the world’s leading entertainment company is the fulfillment of a dream. Now that we are part of Warner Bros., I think it’s safe to say we are exactly where we want to be."
