Lego Star Wars Dev Sold for Over $200M, says U.K. paper (XB360)

One report from a British source suggests that Warner Bros. paid more than $200 million to acquire TT Games.

by James Brightman on Monday, November 12, 2007

Last week we reported on the acquisition of TT Games/Traveler's Tales by Warner Bros. Home Entertainment Group. The developer is best known for its popular Lego Star Wars games. In the future, TT Games will apply the Lego theme to Batman and Indiana Jones games.

But how much did Warner Bros. have to cough up to purchase the talented developer? Although financial terms were not disclosed in the original announcement, a new report in the Manchester Evening News suggests that Warner Bros. paid around £100 million, or approximately $206 million.

According to the report, the money will be paid out over five years. Jon Burton, managing director of Traveller's Tales said that he owns 80 percent of the company with the rest of the shares held by his management team.

Warner Bros. has been making heavy investments in the game industry of late. Although the company once relied primarily on licensing its top properties for the games business, it's getting involved in self publishing on a regular basis going forward. Last month, the company announced plans to launch an entertainment hub in Abu Dhabi and introduced a $500 million fund for video game development. Video games are big business, and it seems more big media companies want a piece of the growing pie.

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Lego Star Wars: The Complete Saga

Lego Star Wars: The Complete Saga
  • GenreAction Adventure
  • Release Date11/06/2007
  • PublisherLucasArts
  • DeveloperTraveller's Tales
  • ESRBRP - Rating Pending