WB and MGM Invest in Hobbit Game Developer Kabam - News/ 6,323 Views
Warner Bros. Entertainment (WB) and MGM have formed a partnership with the free-to-play game The Hobbit developer Kabam, by investing money. WB and MGM are placing executives on the board of directors at Kabam, including WB Home Entertainment president Kevin Tsujihara and MGM CEO and chairman Gary Barber who will be an observer on the board.
"Partnering with Warner Bros. and MGM is a natural fit for Kabam as we create new storylines and extensions of Hollywood studios’ intellectual properties for millions of gamers worldwide," said Kabam co-founder and chief executive Kevin Chou.
"We partnered with Kabam almost a year ago to deliver incredible games for The Hobbit trilogy, arguably one of the top intellectual properties in the world," said Tsujihara. "As we worked with Kabam, it became clear that a closer, more strategic partnership made sense for us both. Kabam is a leader in the industry and we look forward to being a part of their continued growth."
"Kabam offers great strategic vision and discipline for growth, and they are the best at what they do," said Mr. Barber. "They are a natural partner for us on both our vast selection of IP as well as potential future projects."
Kabam developed The Hobbit: Kingdoms of Middle-Earth which is available for Android and iOS. Kabam is currently developing The Hobbit: Armies of the Third Age which will be a browser based game and is expected to be released sometime in 2013. Both of these games were co-developed by WB.