Turbine powered by $40M investment

Time Warner and GGV Capital lead equity financing of Lord of the Rings Online developer.

In 2005, Turbine Inc. secured a massive injection of funds to the tune of $30 million from various venture capital investors. With that cash, the massively multiplayer online game maker produced a pair of persistent-world titles that have met varying measures of success--Dungeons & Dragons Online: Stormreach and The Lord of the Rings Online: Shadows of Angmar.

Today, the Westwood, Massachusetts-based developer said that it has once again secured significant investment for funding its future endeavors, this time amounting to $40 million. Time Warner and GGV Capital led the equity financing, with existing investors Highland Capital Partners, Polaris Venture Partners, Tudor Ventures, and Columbia Capital also contributing to the cash installment.

Adding a bit of color to what Turbine intends to do with the $40 million, Turbine CEO Jim Crowley said, "With this funding we are uniquely positioned to change the future of online entertainment as we bring new titles to market, expand the platforms we support, and introduce new technologies to sustain self-evolving game worlds."

Time Warner has displayed an active interest in the gaming industry as of late, beyond its Warner Bros. Interactive Entertainment subsidiary. In April, the media conglomerate helped bail out UK-based SCi Entertainment, increasing its stake in the company to 20 percent by purchasing €15 million ($23.1 million) in additional stock. The media company also entered into a North American publishing agreement with SCi. As part of the deal, Time Warner agreed to distribute SCi- and Eidos-boxed products in North America, as well as provide other creative, publicity, marketing, and sales services, through its Warner Bros. Home Entertainment label.

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Discussion

17 comments
a2greg
a2greg

LOTRO has evolved into a really interesting world since its inception. It kind of treads the line between game and sim. I've briefly played WOW, EQ2, D&DO, and still play some Guild Wars but none of these has the taste and feel of a living fantasy world like LOTRO does. I give the designers props that they've read their Tolkien and try to give you that imagined world.

zaldir
zaldir

ShadoWeaverCode: The Games for windows title has nothing special to do with Vista. It only means it's a game for Windows.. (Both Vista and XP) It means it have been tested by Microsoft and some of the gaming industry's biggest names to ensure it got good quality, compatibility, safety features, and is easy to play, (Un)Install and find.

Warghost2k
Warghost2k

Yes, it's true that LOTRO is a great game. Never played D&D Online though.

sargent901
sargent901

ShadoweaverCode you dont need vista to play LOTRO and I strongly recomended the game.

Khalathwyr
Khalathwyr

Here's hoping they move back to the Asheron's Call method of creating games. LOTRO was a solid game (too akin for me to WoW though) , and D&D Online would have been better if it was made a true MMORPG with true freedom to explore instead of a leashed to Stormreach, repetitive dungeon crawl. Hopefully the success Age of Conan is having will instill security in Turbine that they don't have to stick to the WoW method and can add even more choice of style to this somewhat stagnant genre.

NeoGen85
NeoGen85

Way too many kos1085? I'll agree that there are several independent MMORPGs which have been around for years in Asia. The amount of big budget MMORPGs has increased, but less then a handful have been released on retail shelves each year. I thought options were good? It's not a saturated market when you look at the games at your local store, but the ideas have still remained the same. Some of the general gameplay has become more streamlined for casual gamers. I guess making it more effective for some. Turbine has always been one of my favorite companies since my first MMORPG was Asheron's Call. Hopefully they've learned something....hopefully.

Pete5506
Pete5506

dang thats alot of money

kos1085
kos1085

There are way too many MMO games out there.

BloodMist
BloodMist

Huh?It doesn't need VIsta, barely even uses DX10.

ShadoweaverCode
ShadoweaverCode

BloodMist & buzzguy's comments inspired me to go check out some screens and I have to say, I'm pretty impressed. I was about to go make an account and buy the game tonight to try it out until I saw the Games for Windows. Ah well, I'll have to wait to check it out after I get Vista.

BigSmitts07
BigSmitts07

its kind of bitter sweet that companies have that much money to just throw around..wish i had that kind of money...

lhbchen
lhbchen

When it's released 2 years ago, Had DDO had as much content as it does right now, it would easily be the best MMO around.

buzzguy
buzzguy

My limited time spent with LotRO was pretty positive. Great game, especially if you have a modest rig to play it on high detail levels. Easy to get into, and lots of fun, just like WoW.

BloodMist
BloodMist

Pssh, yeah right dingus, LotRO is an excellent MMO that has a lotta great unique things going for it in an amazing recreation of Middle Earth.There's a bustling community that plays it and enjoys it greatly.So good for that game i say. Yeah the rest of the games were meh though.

Guts5
Guts5

Asheron's Call was ok, DDO had great innovative combat but lacked in almost all other areas, LOTRO was just another rehash of EQ. Let's hope for more this next time. I doubt they can top the innovation of AOC.