Friday, February 28, 2014

Warner Bros. Wants to Put Money into Machinma


by Brian Cook 

On the heels of the Minecraft Movie being announced, a report by the Wall Street Journal says that Warner Bros. is "mulling over an investment in the web video network Machinima."

WB is considering a 10-15 million dollar investment in the gaming-centered video production site, which could help end Machinma's search for a new CEO and get over the company's recent financial hardships, which include two rounds of layoffs and the departure of many executives.

Neither company chose to comment.
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Source: Wall Street Journal
Image: Pulse