GameTap heads to auction block
Turner Broadcasting confirms it is "considering strategic options" in relation to the sale of its online rental service.
For a time, it appeared as if online game-rental service GameTap would establish itself as a major player in the gaming-enthusiast scene. However, not a year after stocking up on a number of veteran game writers, the Turner Broadcasting-owned Web site announced that it would be pink-slipping its editorial and video teams in an effort to refocus on its game-distribution offerings.
Now the service itself is about to be unloaded by Turner. Buried away in its second-quarter financial results released earlier today, Turner parent company Time Warner said that it took an $18 million hit to its bottom line due to the "decision to sell its online video game business." Turner debuted GameTap in May 2005, saying that it had support from 17 publishers and equating the service to a "cable box for games on your PC."
"There is considerable marketplace interest in the GameTap business and brand," said a Turner representative to GameSpot in a statement. "We are considering various strategic options but have reached no final agreement as yet. When there is a resolution, we will announce it."
GameTap currently claims to offer more than 1,000 retro console, arcade, and PC games. The service also plays home to a number of high-profile original episodic-gaming series, including Telltales Games' Sam & Max franchise and American McGee's Grimm, the first episode of which went live last week.
Content you might like…
Users who looked at this article also looked at these content items.
Hot Stories
Newsmakers
-
Dragon Age: Origins Interview with Ray Muzyka
We chat with Ray Muzyka about some of the features in Dragon Age: Origins. Full Story
- Posted Jul 8, 2009 4:06 pm PT
-
Left 4 Dead 2 Doug Lombardi Interview
We talk to Doug Lombardi about Left 4 Dead 2 at a recent preview event in London. Full Story
- Posted Jul 3, 2009 4:42 pm PT
Featured Stories
-
Sony dismisses Activision threats, PS3 price cut rumors
Sony Corp. CEO Sir Howard Stringer brands third-party publisher's comments as "noise," SCEA CEO Jack Tretton says other consoles don't deliver the same value. Full Story
- Posted Jul 8, 2009 1:15 pm PT
- 1035 Comments
-
PS3 MGS4/Killzone 2 bundle now available
Best Buy begins offering rumored $400 retail configuration, which packs in 80GB console with nearly $90 of top-rated games. Full Story
- Posted Jul 7, 2009 11:19 am PT
- 498 Comments
-
Battlefield 1943 suffers server snafu
EA Dice's multiplayer-only downloadable shooter experiencing matchmaking technical difficulties after Xbox 360 launch this morning. Full Story
- Posted Jul 8, 2009 12:48 pm PT
- 164 Comments
-
Blizzard: Free-to-play WOW 'possible'
Lead designer Tom Chilton says the multiplatinum MMORPG champion could abolish monthly subscription plan by adopting microtransaction system. Full Story
- Posted Jul 7, 2009 12:43 pm PT
- 354 Comments
-
Square Enix retires Eidos publishing label
Japanese pub consolidates operations in Europe and NA, confirming some headcount reduction; British company's name will live on through dev studios. Full Story
- Posted Jul 7, 2009 11:15 am PT
- 149 Comments
Related Game
Related Games
Recent News
Site Blogs
-
Battlefield 1943 Review Coming Monday
Battlefield 1943, the latest entry in the venerable Battlefield series, arrived on the Xbox Live Marketplace and PlayStation Network this...





23 Comments