AT&T Wants to Sell Warner Bros.’s Gaming Division for $4 Billion

[Tsing]

Image: Warner Bros.



CNBC has learned that AT&T is planning to sell its Warner Bros. Interactive Entertainment gaming division, which happens to own Mortal Kombat’s NetherRealm Studios and Rocksteady Studios, of Arkham Asylum/City/Knight fame. Big-name publishers such as Take-Two Interactive Software, Electronic Arts, and Activision Blizzard have reportedly expressed interest in a deal that could be worth $4 billion.



“Many of the video game titles within Warner Bros. Interactive are tied to Warner-owned intellectual property, including Harry Potter, Game of Thrones, and The Lego Movie, wrote CNBC. “The unit also owns the Mortal Kombat and the Scribblenauts series. A deal might involve a commercial licensing agreement where AT&T can continue to get...

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[Burticus]

Billion with a B? Whut....

How can Mortal Kombat be worth billions?

 

[Brian_B]

It’s the IP - having access to Harry Potter, GoT, etc is where the money is

 

[Nanobot]

At a time when people are spending more time indoors and the gaming industry is projected to grow, this seems like a really lazy business decision. Licensing IP to make money is like telling everyone who works for you that the C-Suite doesn't have confidence in your abilities to make the company money.

 

[Grimlakin]

Can I sell a percentage of my future ip for a few hundred million today?