Tag Archives: AT&T

AT&T seems not to sell its gaming studios

Warner Bros. Interactive Entertainment, owner of studios including NetherRealm, Rocksteady, and TT Games, is seemingly no longer up for sale.

Last month’s reports showed that parent company AT&T, which acquired Warner Bros. two years ago, was looking to offload its gaming division for about $4 billion in a deal that might include a commercial licensing agreement where AT&T can go on to get revenue from its IP like LEGO and Harry Potter. Electronic Arts, Activision Blizzard, and Take-Two, all initially expressed interest, but not any deal followed. Then reports came in that Microsoft had also showed an interest in acquiring the outfit.

However, now it seems AT&T has reconsidered the sale and it is restructuring the organization, instead of selling off its gaming concern to help mitigate its debts. CEO Jason Kilar told staff Warner Bros. Interactive in an email to staff that remains part of the Studios and Networks groups.

A statement from the company says that the Warner Bros. Motion Pictures Group continues to be led by Chairman Toby Emmerich and Warner Bros. Warner Bros. Interactive remains part of the Studios and Networks group, along with their Global Brands and Franchises team including DC led by Pam Lifford, and their Kids, Young Adults and Classics business led by Tom Ascheim, all of which focused on engaging fans with their brands and franchises through games as well as other interactive experiences.

The email didn’t shed light on the change, nor what may next be in store for WB’s gaming division, but Kilar acknowledged to all staff that the changes elsewhere in the organization were much to take in and that they will also successfully navigate them as well.

The news comes just after Rocksteady has confirmed that it is working on a Suicide Squad game. The Batman Arkham developer revealed in a tweet showing an image of a decrepit-looking Superman with a target on his head that the Suicide Squad game will be announced during the DC Fandom event on 22nd August.