It's been a little over a decade since courts approved the sale of Midway Games and its catalogue to Warner Bros. Now a fresh report is claiming parent company AT&T is internally discussing the sale of the entire Warner Brothers gaming division. Read on for the full story:
CNBC reports a source "familiar with the matter" has claimed AT&T is discussing a potential $4 billion dollar sale of the entire Warner Bros Interactive Entertainment division. This would include an extensive catalogue of intellectual property, including Mortal Kombat, and various Warner Brothers licenses, such as Injustice, Batman, Harry Potter, and Lego.
The anonymous source claims major holding companies have expressed interest in the acqusition, including Take-Two Interactive Software, Electronic Arts, and Activision Blizzard. CNBC was unable to get any official comment from applicable parties.
Warner Bros retained their Midway Games Chicago development team, rebranded NetherRealm Studios in 2010. The MK franchise was relaunched shortly after with a 2011 reboot, followed by massively successful sequels Mortal Kombat X and Mortal Kombat 11.
Corporate maneuverings from above in 2016 saw Time Warner acquired by AT&T, with little visible interruption to the MK brand. Rumors of the sale of gaming assets coincide with the ascension of WarnerMedia CEO John Stankey to CEO of the telco giant, while "activist" stake holders Elliott Management call for cost cutting and a reduction of expansion, seeking to capitalize from proven core assets.
While big business plays out like a story from the Mortal Kombat saga, Mortal Kombat 11: Aftermath continues to expand the plot and success of the latest installment in the gaming franchise. The recently released Retrocade DLC arena includes reference to several classic Midway Games titles, which could also be part of a WB Games sale.
MK Online will continue to follow this story as it develops. What do you think about another prospective change of hands after the last decade at Warner Bros? Share your thoughts in the comments below and find more stories in the Mortal Kombat 11 forum.