Tuesday, June 16th 2020
AT&T Looking to Sell Warner Bros. Gaming Division
According to a recent report from CNBC AT&T is considering selling the Warner Bros. gaming division for about 4 billion dollars as it seeks to divest assets with total debts nearing 200 billion dollars. Interested parties include Take-Two Interactive, Electronic Arts, and Activision Blizzard according to Industry Insiders. Most Warner Bros. Interactive games are based on Warner-owned intellectual property, such as "Harry Potter," "Game of Thrones" and "The Lego Movie." in addition to several separate franchises such as "Mortal Kombat" and "Scribblenauts". Any deal will likely involve a commercial licensing agreement with AT&T where they can continue to receive revenue from its IP.
Source:
CNBC
13 Comments on AT&T Looking to Sell Warner Bros. Gaming Division
They've nearly destroyed Arkham , definitely tarnished Monolith's reputation, doing some weird stuff with MK on Steam, and most importantly - constantly remind that they don't give two flying flocks about their customers.
Most of their infrastructure was rotten before AT&T acquisition, which led to this point where since then they only had one major release.
All of my favorite games outside of CoD are made by Warner Bros.
I don't want Activision near WB...ugh wtf.
New owners will have to work out new deals with Middle-Earth Enterprises and DC Comics (still AT&T).