Time Warner intrigued by games industry, says CFO
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]
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 (Page 1 of 1)
Wiinterfang @ Jan 8th 2009 5:17PM
Well duh!, with all the money it's generating everybody wants to jump on board now =D.
Duke @ Jan 8th 2009 5:20PM
OK, if we all want to make it out of this topic alive we will just nod our heads and smile.
Strategy_Panda (The Sandwich Poisoning Crew) @ Jan 8th 2009 5:23PM
Hitman MMO confirmed
Zertoss @ Jan 8th 2009 5:23PM
So when will we see Joystiq Podcast: The Game?
And of course, the inevitable followups:
Joystiq Podcast: The Game Appreciation Group
Joystiq Podcast Appreciation Group: The Game
and
Joystiq Podcast Appreciation Group: The Game Appreciation Group
Strategy_Panda (The Sandwich Poisoning Crew) @ Jan 8th 2009 5:26PM
Damn you!
The JPAGTGAG was top secret!
Who gave your info? Who's the leak?!?!
Courtney @ Jan 8th 2009 5:34PM
I'm envisioning a "Lost Vikings" style game where Chris, Justin and Ludwig must use their complimentary powers procure Blueberry Muffintops and defeat the makers of the LazerComb from taking over the world.
Haggard @ Jan 8th 2009 6:25PM
I bet there's someone here with at least enough skill to make a Half-Life 2 mod of that
Shagittarius @ Jan 8th 2009 5:24PM
BAD EGG
Mr Khan @ Jan 8th 2009 5:51PM
"And where does the garbage chute go?"
"The furnace."
"The furnace, ha ha ha. She'll be sizzled like a sausage."
(Awkward pause)
"Veruca, sweetheart, Daddy's coming!"
(Jumps)
jason @ Jan 8th 2009 5:50PM
Didn't Time Warner acquire Atari in the 80's? And then-well...the rest is history. Stay away Time Warner. Please.
Mr. Salty @ Jan 8th 2009 9:38PM
Warner bought Atari in 1976, they had a pretty good run until they lost half a billion dollars in 1983...
Joeshie @ Jan 8th 2009 5:57PM
Imagine Vin Diesel Kart Racerz: The Fast and the Curious
Somebody fund this. Right now. I demand it.
jcmschwa @ Jan 8th 2009 6:04PM
my name is john martin, too!
Jay @ Jan 8th 2009 6:11PM
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.
Big George @ Jan 8th 2009 9:02PM
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?
skyrous @ Jan 8th 2009 11:34PM
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.
jason @ Jan 9th 2009 11:49AM
Wow, you said it MUCH better than I did.
Blank-Mage @ Jan 9th 2009 3:56PM
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!"