Time Warner intrigued by games, not planning to acquire more companies (yet)

In this troubled economy, it’s good to have a company with deep pockets supporting game making efforts.

According to CNNMoney,Time Warner Chief Financial Officer John Martin told a January 7, 2009, investor’s conference that the company’s acquisition of Traveller’s Tales has been “wildly successful.” Traveller’s Tales Lego treatment of Batman and Indiana Jones have been big hits and now the developer has access to Time Warner’s considerable collection of licenses. (We sure hope Lego Superman is on the way.)

Martin said that while the company is “intrigued” by the game industry, it is in no rush to acquire any more components just yet. Time Warner currently owns 52 million shares in Eidos, giving it 20 percent of the company’s shares. That has led to speculation that Time Warner may want to acquire the Tomb Raider publisher.

Time Warner plans to sell its cable business, so it could get a cash injection that would allow a big splash in the game industry. Martin told investors Time Warner expects more ad revenue from cable networks TBS, CNN and TNT as viewers and advertisers shift away from network television.

The Time Warner CFO also took time out to talk up HBO’s latest hit show, vampire drama True Blood. Vampires, shapeshifters and other supernatural creatures? That could make a decent video game.

Read [GameDaily]