Warner Bros. And MGM Invest In Game Company Kabam

DAVID LIEBERMAN, Executive Editor
Warner Bros. And MGM Invest In Game Company Kabam

The studios didn’t say how much they put in to the privately held maker of free-to-play social games. But it appears to be significant to Kabam: Warner Bros Home Entertainment President Kevin Tsujihara will become a member of its board, and MGM chief Gary Barber will be an “observer” on the board, according to today’s announcement. Kabam just released “The Hobbit, Kingdoms Of Middle-earth,” a game it co-developed with Warner Bros Interactive Entertainment. They’re working on another game for early next year: “The Hobbit: Armies Of The Third Age.” “As we worked with Kabam, it became clear that a closer, more strategic partnership made sense for us both,” Tsujihara says. “Kabam is a leader in the industry and we look forward to being a part of their continued growth.” Other investors include Google, Intel, Canaan Partners and Redpoint Ventures.

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