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Turbine Entertainment has secured $6.6m in venture capital according to a Form D filing with the Securities Exchange Commission (SEC). Of course, being an independent company, Turbine needs to secure funding for itself from investors in order to pursue their ambitions. This latest acquisition of funds puts the company one step closer to the $50M goal they have set to raise.
If you're interested in reading the Form D filing, it is available in PDF format here. Michael "MikeB" Bitton |
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So what does this mean? Just that they are looking for money to invest in the business, new projects, current projects? I'm by no means a business person type. Oh, and I'm currently playing DDO - Unlimited beta thingy.
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Originally posted by Mordoth
How is it? 
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Sarr
 Apprentice Member
Joined: 8/19/08
I'm positive about what I play. If it ends & I get negative, I move on. This is how we not troll. |
Originally posted by Mordoth
Check here: www.massively.com/2009/08/12/turbine-hits-6-6m-in-50m-funding-drive/1#c20848188 Usually it's that way - they want more many & investors want to invest in them, because they see and believe in potential to earn from their investment in said company. Turbine is releasing not only new version of DDO, but also is the first western company to admit they're working on console MMO (for quite some time now). Other than that, in TenTonHammer's recent interview, one of their members said they've bought out another IP of the size of LotR and D&D. It can be for upcoming fantasy MMO, space MMO, well, anything MMO with what we know. No details revealed to date. But investors have those infos and and maybe even played something we don't even know of - no one invests money not knowing why and what for.
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I haven't liked a single Turbine game yet. Doubt that major investments will change their design philosophies, which means I still won't waste any more money on this company. |
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Well, the only Turbine game I can say I have liked for sure was Asheron's Call. Since they apparently didn't like it enough themselves to continue making games in that mold, I guess this race to $50 million means little to me. Asheron's Call. The one open world, classless progression, live team content oriented game that ALL game sites and developers show little respect for as a template to pattern future MMOs after.
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As I posted elsewhere: Thanks for the update and I agree, I find it very interesting as well. It is interesting to me, mainly because the past funding seems directly tied to Time-Warner/Warner Brothers. With this much funding, one could argue that Turbine is gearing up for something huge. Gee, let me think.....something huge. Lots of money + a company that has effectively turned existing IP's into successful MMOS +Warner Brothers = ? Now what major IP does Warner Brothers has exclusive access too....... Harry Potter! With he theme park opening and the last major movie coming next year and the year after (It will be two movies, November 2010 and July 2011 I believe), what better way to capitalize on the market than a Harry Potter MMO. Just my speculation. :) |
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Originally posted by templarga oh gawd please not a harry potter MMO. I would like them to push the boat out and try an RTS mmo.. ph god some onw try an RTS mmo, yes there have been a few but most fail.. I think Battlerealms has the right idea but needs more.
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its wont be and RTS mmo RTS arent fun to many anyways but i really hope its not a harry potter MMO i mean i like the movies and books but making an mmo would just be epicfail imo |
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While AC2 was one of the biggest disappointments to me ever in gaming history, AC1 is still the most fun MMORPG I've played. And while DDO wasn't/isn't for me, LOTRO was/is a solid MMORPG and one I chose not to play only because it lacked "real" PvP. I am glad to see Turbine is still doing well and working on new projects. Though please don't let it be a freakin' Harry Potter game. |
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Originally posted by Vrazule
You know, I'm pretty close in that experiance. Never liked Aceron's Call, and the glimpse of 2 was "bleh", LotRO seems like a poor expriance the 3 times I've tried it, but all this and I must admit that I think DDO provides for an exceptional experiance that more MMO developers will eventually try to capture. If Turbine has done anything right over the years it's the directed experiance of DDO's content, the pacing of the combat ,the dynamics of chatracer building and how it all meshes well to provide for a quality experiance that I am yet to experiance in other MMO's. Sure DDO has lot's of instances, but you know what? More and more people are realizing that directed content allows for a very personalized gaming experiance. You see Blizzard doing this more and Bioware has also made excessive hints that Knight of the Old Republic will provide for an extremely similar experiance. That being said, there's no excuse to not have an open world game environment. DDO does lack this in the truest of sense as you're not able to encounter monters in the city or happen upon someone who might need help unless they're alreade in your party and had entered the Quest with you. If there's one area to improve the game it would be through establishing random encounters in the open world where anyone just in the area could be brought in much in the same way that Public Quests function in Warhammer Online. DDO is a better game then Turbine's recieved credit for. |
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Maybe now they can add more quests to LOTRO (they've got one guy re-doing the pre-moria quests, but he's working very slowly, just being one guy, and only on the North Downs - 20-25), which is it's main flaw. http://my.lotro.com/character/landroval/galadthryth/ - Lord of the Rings Online Character |
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I doubt any VC would give them money just to keep running things status quo. They must have a big project in mind to make a lot of money, otherwise where's the ROI for the VC? |
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Whats the difference how much money they raise. They are only going to mess up another great ip unless they actually create one themselves. |
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Pfft. So? I'm raising $50 million for myself, too. For, uh, strategic sheep purposes. Nobody wrote a story about that. They will never again get a dime of my money, based entirely on the fact that they are developing an MMOG for consoles. If it succeeds, the PC is dead, along with the possibility of any semblance of intelligent gaming. Just turn DDO into a console MMO - that game is perfect for that audience, and should ensure the quick demise of the genre. |
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Originally posted by Kylrathin
After almost 20 years of being a gamer, I wouldn't exactly call PC MMOs a bastion of intelligent gaming. |
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Originally posted by laephis
After almost 20 years of being a gamer, I wouldn't exactly call PC MMOs a bastion of intelligent gaming. And after 30 years of being a gamer, I would say that PC games have the potential to require more intelligence of their players. This used to be the case, but has not been in several years. I would agree with you on the current crop of MMOs, for the most part. But since MMOs are what is primarily propping up PC gaming right now, if dev companies are successful in porting MMOs to consoles, they will slowly move all development that direction, leaving the PC hung out to dry. |
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Originally posted by Kylrathin And after 30 years of being a gamer, I would say that PC games have the potential to require more intelligence of their players. This used to be the case, but has not been in several years. I would agree with you on the current crop of MMOs, for the most part. But since MMOs are what is primarily propping up PC gaming right now, if dev companies are successful in porting MMOs to consoles, they will slowly move all development that direction, leaving the PC hung out to dry.
pfft! PC is still the best gaming experience ever. :D |
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Originally posted by Bleakmage And after 30 years of being a gamer, I would say that PC games have the potential to require more intelligence of their players. This used to be the case, but has not been in several years. I would agree with you on the current crop of MMOs, for the most part. But since MMOs are what is primarily propping up PC gaming right now, if dev companies are successful in porting MMOs to consoles, they will slowly move all development that direction, leaving the PC hung out to dry.
pfft! PC is still the best gaming experience ever. :D
I'd agree with that almost entirely. There's still a few gems that pop up occasionally on consoles that wouldn't work quite as well on PC, but few and far between.
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Originally posted by dlunas
pfft! PC is still the best gaming experience ever. :D
I'd agree with that almost entirely. There's still a few gems that pop up occasionally on consoles that wouldn't work quite as well on PC, but few and far between.
But some of them get ported to PC. :D |
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Originally posted by Bleakmage
pfft! PC is still the best gaming experience ever. :D
I'd agree with that almost entirely. There's still a few gems that pop up occasionally on consoles that wouldn't work quite as well on PC, but few and far between.
But some of them get ported to PC. :D
I wasn't denying that, just saying a few of them work better on a console. Only a few, though, and mostly because they were designed from the ground up for that particular console.
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Speaking of designed for a particular console, do you remember the amazing things they were able to do with late-generation PS1 games? They did so much with so little. Seems these days that tight coding is a thing of the past. . . |
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Originally posted by Bleakmage
Yeah, I remember, late generation PS1 and SNES, for that matter, although PS1 they managed to squeeze out more than you'd think. I'm actually getting ideas for my own game, hopefully I'll be able to start it in the next few years, but it'll probably be one of the ones on the bottom of the list saying more votes required for a while.
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