Warner Bros. Home Entertainment Group has agreed to acquire
Knutsford-based TT Games, the world's largest independent game
developer and publisher behind highly successful LEGO Star Wars
videogames, BIONICLE Heroes and many others.
Paul Stringer and Andy Ball, of Bolton-based accountancy firm, Cowgill
Holloway, advised the management of TT Games on the sale of the
business. The deal sees TT Games becoming the cornerstone of the
Group's family-focused games strategy.
Commenting on the deal, Andy Ball, partner at Cowgill Holloway said:
"TT Games was an ideal strategic fit for Warner Bros. and presents an
opportunity to grow the Group's gaming position in the UK."
Formed in 2005, TT Games has sold more than 38 million copies of its
games across most major platforms. The first title produced was the
award winning LEGO Star Wars, which has sold more than six million
units worldwide.
"TT Games is very successful and respected in the game development and
publishing world," said Barry Meyer, chairman and CEO of Warner Bros.
"TT Games is the leading video game developer for young gamers and
their families," said Kevin Tsujihara, president of Warner Bros. Home
Entertainment Group. "The expertise that TT Games brings to
Warner Bros. is a great match with our brands as well as an opportunity
to effectively leverage our existing global infrastructure."
TT Games has two primary operations: game development which continues
to be known as Traveller's Tales, and publishing which is known as TT
Games Publishing.
"After 16 years in the gaming industry, the opportunity to work with
the world's leading entertainment company is the fulfillment of a
dream," said Jon Burton, managing director of TT Games.
"Warner Bros. has an extraordinary track record in nurturing and
developing intellectual property in television, in movies and now in
games," said Tom Stone, director of TT Games Publishing. "That
history, combined with their world class distribution muscle, promises
a very exciting future for all of us at TT Games."
TT Games will continue to manage their existing relationships with Lego, LucasArts, Disney, Activision and Hit Entertainment.
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