Turbine gets funding, "new titles" on the way
LotRO and D&D developer injected up to the eyeballs with cash
Turbine, Inc has revealed that a number of investors have pumped $40 million into its coffers, including Time Warner, for the development of "new titles".
"With this funding we are uniquely positioned to change the future of online entertainment as we bring new titles to market, as we expand the platforms we support and introduce new technologies to sustain self-evolving game worlds." said Turbine president Jim Crowley.
Bring new titles to the market, eh? We'd wager that's not just an off-the-cuff remark either. After all, LotRO is already doing quite well and you don't exactly need $40 million just to keep the lights on.
"Online interactive entertainment is a huge growth market," said Rachel Lam from Time Warner. "We are very excited about Turbine, its unique capabilities and the obvious opportunities that exist with our own broad portfolio of IP."
No titles have been confirmed, but Time Warner's 'broad portfolio' includes IP from Warner Bros. New Line Cinema. Cartoon Network and DC Comics. Sweet.
Jun 5, 2008
Sign up to the 12DOVE Newsletter
Weekly digests, tales from the communities you love, and more

The Baldur's Gate 3-themed Stardew Valley mod that Larian boss Swen Vincke called "amazing" gets DMCA'd by D&D publisher Wizards of the Coast

After PlayStation boss praises Nier Automata as a savior for Japanese games overseas, Yoko Taro says he was specifically told to focus on Japan because it wouldn't fly overseas