Time Warner Chief Financial Officer John Martin said that the company's water-testing acquisition of Traveller's Tales has been "wildly successful" and it wants more. In a call with investors, Martin expressed that the gaming industry "intrigues" Time Warner, but that there's nothing "right now of any scale" that it's going to acquire.
Time Warner may not be doing any game company acquisitions at the moment, but it has made some maneuvers in the space. Most recently, it's invested in Turbine (Lord of the Rings Online) and Eidos. We'll have to wait and see if the siren call of gaming turns Time Warner's intrigue into lustful desire.
[Disclosure: Time Warner owns AOL which, in turn, owns Joystiq ... which means Time Warner also owns our wildly successful publishing arm, Joystiq Games. Well ... soon-to-be wildly successful, as soon as our debut title, Imagine Vin Diesel Kart Racerz: The Fast and the Curious, hits the market.]
[Via GameDaily]
Reader Comments (18)
Posted: Jan 8th 2009 5:17PM (Unverified) said
Well duh!, with all the money it's generating everybody wants to jump on board now =D.
Reply
Posted: Jan 8th 2009 5:26PM (Unverified) said
Damn you!
The JPAGTGAG was top secret!
Who gave your info? Who's the leak?!?!
Reply
The JPAGTGAG was top secret!
Who gave your info? Who's the leak?!?!
Posted: Jan 8th 2009 9:38PM (Unverified) said
Warner bought Atari in 1976, they had a pretty good run until they lost half a billion dollars in 1983...
Reply
Posted: Jan 8th 2009 5:57PM (Unverified) said
Imagine Vin Diesel Kart Racerz: The Fast and the Curious
Somebody fund this. Right now. I demand it.
Reply
Somebody fund this. Right now. I demand it.
Posted: Jan 8th 2009 6:11PM (Unverified) said
Oh how soon time has forgotten Time Warner Interactive, publisher of such amazing titles such as "Dick Vitale's Awesome Baby! College Hoops" for Sega Genesis in 1994, and other gems.
Actually, Area 51 (the arcade machine) wasn't half bad.
I did some work for them, back in the day.
Reply
Actually, Area 51 (the arcade machine) wasn't half bad.
I did some work for them, back in the day.
Posted: Jan 8th 2009 9:02PM Big George said
Um, Time Warner used to be involved with video games. Anyone remember the home ports of Primal Rage and the puke inducing Rise of the Robots?
Reply
Posted: Jan 8th 2009 11:34PM (Unverified) said
Official Future History of Time Warner games division: Time Warner will buy a game developer with a strong track record of succssful games.
Use pointless corporate speak to rationalize the massive reorganization in which profits go to time warners executives bonus's and programmers bonus's are paid with coffee mugs.
Replace current executives with "our people" who will walk in and demand massive changes to current projects in order to prove their in charge no matter how much it cripples game play.
Drive anyone with talent out of the company these people will then go and start a new Game company that will have develop a brand new successful franchise.
Time Warner will coast on the dead husks of franchises it has run into the ground until it liquidates the studio citing "unfavorable market conditions" rather than the more truthful "gross executive incompetence"
If this future history sounds suspiciously like past history you've heard of remember Time Warner is an entertainment company and hasn't had an original Idea since 1983. Their entire plan was a remake of "How to piss on the gaming industry" written by Electronic Arts copyright 1993.
Reply
Use pointless corporate speak to rationalize the massive reorganization in which profits go to time warners executives bonus's and programmers bonus's are paid with coffee mugs.
Replace current executives with "our people" who will walk in and demand massive changes to current projects in order to prove their in charge no matter how much it cripples game play.
Drive anyone with talent out of the company these people will then go and start a new Game company that will have develop a brand new successful franchise.
Time Warner will coast on the dead husks of franchises it has run into the ground until it liquidates the studio citing "unfavorable market conditions" rather than the more truthful "gross executive incompetence"
If this future history sounds suspiciously like past history you've heard of remember Time Warner is an entertainment company and hasn't had an original Idea since 1983. Their entire plan was a remake of "How to piss on the gaming industry" written by Electronic Arts copyright 1993.
Posted: Jan 9th 2009 3:56PM The Blank Mage Returns said
I imagined some suit wearing 50-year-old busting into a board meeting, out of breath, and saying: "GUYS! Guys! This thing, like, GAMES for your TELEVISION, I think it's taking off, and the time is NOW!"
"Games for our televisions? Stop talking nonsense."
"Fools! Gone are the times of our youth! We must look to the future! And the future is in the TV game!"
Reply
"Games for our televisions? Stop talking nonsense."
"Fools! Gone are the times of our youth! We must look to the future! And the future is in the TV game!"
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