Kabam, Inc., a San Francisco, Calif.-based provider of free-to-play games for core players, has received an investment of undisclosed amount.
Backers include Warner Bros. Entertainment Inc. and Metro-Goldwyn-Mayer Studios Inc. (MGM). They join Google and Intel and venture capital firms Canaan Partners and Redpoint Ventures as investors in the company.
The investment follows the recent release of The Hobbit, Kingdoms of Middle-earth, a game co-developed by Kabam and Warner Bros. Interactive Entertainment (WBIE) and based on Peter Jackson’s The Hobbit Trilogy, a production of New Line Cinema and MGM. Kabam and WBIE are also co-developing The Hobbit: Armies of the Third Age, for release early next year.
In conjunction with the funding, Kevin Tsujihara, president, Warner Bros. Home Entertainment (WBHE) and Office of the President, Warner Bros. Entertainment, and Gary Barber, MGM chairman and CEO, will join Kabam’s Board of Directors as member and observer, respectively.
Founded in 2006 by CEO Kevin Chou provides free to play games available on PC, mobile, and tablet platforms. Recent titles include The Hobbit: Kingdoms of Middle-earth, The Godfather: Five Families, Dragons of Atlantis, Edgeworld, Kingdoms of Camelot, and Kingdoms of Camelot: Battle for the North.
FinSMEs
11/12/2012