Lord of the Rings Online and Dungeons & Dragons Online developer, Turbine Inc., today announced its success in raising $40 million in equity financing. In addition to operating a particularly ruthless lemonade stand, Turbine secured the funds via new investors Time Warner Inc. and GGV Capital (formerly Granite Global Ventures). "Turbine has an extraordinary team, incredible technology and a growing portfolio of games based on some of the most popular brands ever created," said president and CEO of Turbine, Jim Crowley. "With this funding we are uniquely positioned to change the future of online entertainment as we bring new titles to market, expand the platforms we support and introduce new technologies to sustain self-evolving game worlds."
New games and new technologies sound like responsible things to invest in, Mr. Crowley. Responsible, but boring. We would have gone for something like the world's biggest ice cream cake.
Reader Comments (6)
Posted: Jun 4th 2008 3:11PM (Unverified) said
Does this mean my monthly charge will go up?? And the game world will be limited to Archet and Bree...Ohhh how I love my overly priced cable internet company.
Reply
Posted: Jun 4th 2008 4:18PM (Unverified) said
Time Warner is never late. I arrives precisely when it means to.
Reply
Posted: Jun 4th 2008 6:59PM (Unverified) said
So basically...Time Warner invested into more years of boredom from their less than admirable MMO's?
Hopefully Turbine has something better up their sleeves than LOTRO or DDO..
These games are both fails...
Reply
Hopefully Turbine has something better up their sleeves than LOTRO or DDO..
These games are both fails...
Sorry, you must be logged in to leave a comment.
Featured Stories
The most popular posts
in the last 7 days
- Vita 'UMD Passport' won't be offered in US 220 comments
- Kingdoms of Amalur: Reckoning review: A tempting fate 153 comments
- David Jaffe leaves Eat Sleep Play, layoffs hit developer [Update] 108 comments
- Don't call it a remake: Final Fantasy X is a 'remaster,' to be clear 95 comments
- Battleship movie adapted into FPS by Double Helix 93 comments








