Report: AT&T Looking To Sell Warner Bros. Interactive Entertainment

AT&T is buying Warner Bros. Interactive Entertainment, the gaming division of WarnerMedia, to a number of online game publishers in response to a report from CNBC. The gaming unit of Warner may fetch a value of $four billion for no matter firm finally ends up buying it, with potential events together with Take-Two Interactive, Electronic Arts, and Activision Blizzard.

Warner Bros. Interactive Entertainment is comprised of builders similar to NetherRealm Studios (Mortal Kombat, Injustice), Rocksteady Studios (Batman: Arkham), Monolith Productions (Shadow of Mordor, Shadow of War), TT Games (Lego franchise), Avalanche Software (Disney Infinity), and a number of other WB studios round North America. The gaming unit additionally works with licenses similar to Game of Thrones, Harry Potter, and Cars. According to the report, since lots of the licenses below the gaming unit, similar to Game of Thrones and Harry Potter, are mental properties owned by Warner, the deal may function some form of commercial-licensing settlement the place AT&T would obtain a part of the income from these IPs. 

This information comes following an govt shuffling at Warner and AT&T, as the previous WarnerMedia CEO John Stankey readies to take over as CEO of AT&T on July 1, whereas former Hulu CEO Jason Kilar stepped into Stankey’s function as CEO of WarnerMedia on May 1. Warner Bros. Interactive Entertainment’s most up-to-date main launch was Mortal Kombat 11: Aftermath from NetherRealm Studios, which launched on May 26.

[Source: CNBC]

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