American telecommunications conglomerate AT&T prepares for sale a publishing house controlled by it Warner bros Interactive Entertainment. It is reported by the channel CNBC with reference to informed sources.
According to preliminary data, the company expects to receive order for this asset four billion dollars. Moreover, there are already three applicants: publishers Take-Two Interactive, Electronic Arts and Activision Blizzard. However, so far no agreements have been reached.
The difficulty lies in the fact that a significant part of the projects released by Warner Bros. Interactive Entertainment, created under license from Warnermedia. This is about “Harry potter“,”The lego movie“, Mortal kombat, Scribblenauts, “Lord of the rings“,”Game of Thrones“, DC Comics etc. Therefore, the parties must conclude an additional licensing agreement, under which AT&T will receive a portion of the proceeds from future games.
Starting July 1, 2023, the former CEO of WarnerMedia will officially become the new CEO of AT&T. John stenky. It is possible that it was he who initiated the sale of the gaming division. As previously reported, a large shareholder of the conglomerate represented by an investment company Elliot management demanded to reduce the debt burden and get rid of non-core assets.
In particular, it was about the company DirectcTV. In addition, the media circulated that they could put up for sale a streaming platform. Crunchyroll. However, the plans could be revised.
Given the situation, there are concerns that after the sale of Warner Bros. Interactive Entertainment subsequent restructuring may not survive some internal studios. Publishers controlled by teams such as TT Games (games under license Lego), WB Games Boston (IMO support The lord of the rings online), WB Games Montreal (Batman: Arkham Origins), Rocksteady studios (Batman: Arkham Asylum / City / Knight), NetherRealm Studios (Mortal kombat / Injustice), Monolith productions (Middle-earth: Shadow of War), WB Games Avalanche (Cars 3: Driven to Win) etc.
Presumably, problems have already arisen at WB Games Avalanche, which has been developing the game in the universe for the past few years. Harry potter (Wizarding world) On this hinted journalist Bloomberg Jason schreier. He added that he has no idea when the announcement will take place, but the creation of such a project now looks “difficult.”
It’s also interesting that the studio IO Interactive will independently publish announced at the presentation Playstation 5 the game Hitman iii. To release the previous part of the series, the company attracted as a partner precisely Warner bros Interactive Entertainment but now a new brand has been created iOi.
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