AT&T Looking to Sell Warner Bros. Gaming Division

Uskompuf · Jun 16, 2020

According to a recent report from CNBC AT&T is considering selling the Warner Bros. gaming division for about 4 billion dollars as it seeks to divest assets with total debts nearing 200 billion dollars. Interested parties include Take-Two Interactive, Electronic Arts, and Activision Blizzard according to Industry Insiders. Most Warner Bros. Interactive games are based on Warner-owned intellectual property, such as "Harry Potter," "Game of Thrones" and "The Lego Movie." in addition to several separate franchises such as "Mortal Kombat" and "Scribblenauts". Any deal will likely involve a commercial licensing agreement with AT&T where they can continue to receive revenue from its IP.

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Camm · Jun 16, 2020

That's an expensive licensing agreement. I don't expect anyone to honestly take AT&T up on it.

silentbogo · Jun 16, 2020

4 billion for a division that nearly destroyed every franchise it touched?... With a potential prospect of being "hooked" on IP licensing needle?..
They've nearly destroyed Arkham , definitely tarnished Monolith's reputation, doing some weird stuff with MK on Steam, and most importantly - constantly remind that they don't give two flying flocks about their customers.
Most of their infrastructure was rotten before AT&T acquisition, which led to this point where since then they only had one major release.

Deleted member 67555 · Jun 16, 2020

Noooooo!!!!
All of my favorite games outside of CoD are made by Warner Bros.
I don't want Activision near WB...ugh wtf.

CrAsHnBuRnXp · Jun 16, 2020

silentbogo said:
doing some weird stuff with MK on Steam

Such as? Im genuinely curious.

silentbogo · Jun 16, 2020

CrAsHnBuRnXp said:
Such as? Im genuinely curious.

Like pulling MK9 and MK11. Also, MK11 release got cancelled in Ukraine (both Steam and PSN). WB's lazy explanation is "due to regional compliance", but what's even more messed up is that local retailers still sell the overstock (both PS4 physical copies and Steam keys), which means that they've got their money's worth, but won't let you play unless you activate it over VPN.

CrAsHnBuRnXp · Jun 16, 2020

When did they do that? Especially with 11 as they just release an expansion for it.

silentbogo · Jun 16, 2020

CrAsHnBuRnXp said:
When did they do that? Especially with 11 as they just release an expansion for it.

In march. It's back, but not in all coutries.

kapone32 · Jun 16, 2020

I wonder if whoever takes over will release a new Lord of the Rings (Mordor) game and will we see a new Batman?

RJARRRPCGP · Jun 16, 2020

At least up to Goblet of Fire, EA did the Harry Potter games. I just hope Disney don't gobble this one up, too!

erocker · Jun 16, 2020

jmcslob said:
Noooooo!!!!
All of my favorite games outside of CoD are made by Warner Bros.
I don't want Activision near WB...ugh wtf.

Eh... Activision or AT&T? Hmmmm... There's just no upside here.

Totally · Jun 17, 2020

kapone32 said:
I wonder if whoever takes over will release a new Lord of the Rings (Mordor) game and will we see a new Batman?

Those IPs will have nothing to do with whoever takes over.

New owners will have to work out new deals with Middle-Earth Enterprises and DC Comics (still AT&T).

rtwjunkie · Jun 17, 2020

Am I the only one that focused on the assets side of this? They hope to sell for 4 billion, which won’t make a dent in 200 billion in assets. And how, when your business is literally built on tech can you be that far under in this tech-hungry world?

Totally · Jun 17, 2020

rtwjunkie said:
Am I the only one that focused on the assets side of this? They hope to sell for 4 billion, which won’t make a dent in 200 billion in assets. And how, when your business is literally built on tech can you be that far under in this tech-hungry world?

Manpower/Payroll are probably factored in

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AT&T Looking to Sell Warner Bros. Gaming Division

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