Turbine, a game publisher that makes massively-multiplayer online games but may soon be enacting a major strategic shift, is in the process of taking $40 million in new funding led by Granite Global Ventures, according to Dan Primack.
While its Lords of the Ring Online: Shadows of Angmar computer game franchise has found success, expectations are that the company will move toward the console market. Primack also speculates that it could be preparing to take a stab at console gaming.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":91689,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"A"}']Turbine also hired a new chief executive last year, which freed former CEO Jeffrey Anderson to recently found Play Hard Sports, which will make casual sports games, reports Massachussets High Tech. A $5 million funding was provided to Play Hard by New Enterprise Associates. VentureBeat wrote about Play hard Sports here.
Returning to Turbine, only $25 million of the $40 million total has been raised so far. Backers joining Granite so far include Highland Capital Partners, Polaris Venture Partners, Tudor Ventures and Columbia Capital.
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