LotRO Devs Secure $40 Million in Financing

Turbine, developers of Lord of the Rings Online, announced today they have secured $40 million in financing. Among the partners joining up to spur Turbine's growth are GGV Capital and Time Warner, Inc.

"This is truly an exciting time for Turbine. The addition of Time Warner, one of the world's largest media companies, and GGV Capital, one of the financial community's most sophisticated investors, adds a level of access, perspective and experience to Turbine that is singularly unique in the global online entertainment space," said Jim Crowley, president and CEO of Turbine, Inc. "Turbine has an extraordinary team, incredible technology and a growing portfolio of games based on some of the most popular brands ever created. With this funding we are uniquely positioned to change the future of online entertainment as we bring new titles to market, expand the platforms we support and introduce new technologies to sustain self-evolving game worlds."

That's some serious $$ - keep an eye on Turbine!

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