Warner Bros. and MGM invest in Kabam
Warner Bros. Entertainment and Metro-Goldwyn-Mayer Studios today revealed that they have partnered to make an investment in social mobile game developer Kabam, joining other investors like like Google Ventures, Intel and Redpoint Ventures.
Correction: We originally wrote that Google was an investor in Kabam. That was incorrect and should have been noted as Google Ventures.
Details about the investment haven’t been revealed, but Warner Bros. Home Entertainment President Keven Tsujihara and MGM CEO Gary Barber will join Kabam’s board of directors as (respectively) a member and observer.
The investment adds yet another layer to the relationship between Kabam and Warner Bros.
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