Warner Bros., a subsidiary of Time Warner (who owns our parent company, Weblogs Inc.) is moving its way back into the gaming development business. Not since the Atari days in the 1980s has Warner held any serious hold in the game development front. Now it would seem that there are changes afoot.
Warner Bros. purchased a 10% interest in SCi Entertainment, better known to the world as Eidos, for £44.5 million (roughly $87 million). The new deal will give SCi access to Warner's long list of IPs; the list includes Looney Tunes and Batman.
Apart from Batman and possible improved leverage with DC Comics (another Time Warner subsidiary), SCi may want to be careful about overusing the licenses (Harry Potter was, oddly, not mentioned). Looney Tunes, while widely recognized, rarely translates into a quality gaming experience. If SCi can come up with some original content, Warner Bros. can use them for movies, not just a one way benefit.