Time Warner Pumps Money Into Another Video Game Company (TWX)

More evidence that big media wants in on the video game boom: Time Warner and Granite Global Ventures have led a $40 million funding round for Turbine, a video game developer responsible for Lord of the Rings Online.

In April, Time Warner pumped $30 million into SCi Interactive, the makers of the Tomb Raider franchise, even though their original investment of $90 million was only worth about $11 million at the time.

The Turbine funding was originally leaked about a month ago, but Time Warner’s particpation hadn’t been disclosed.

See Also:
Lara Croft Saved? SCi Raising $119M From Time Warner, Others (TWX)
Paramount Joins Viacom’s Relentless Video Game Push

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