Warner Bros. to Acquire British Game Developer

BURBANK, November 8: Warner Bros. Home Entertainment Group (WBHEG)
has entered into an agreement to acquire TT Games, a British game developer and
publisher.

“TT Games is very successful and respected in the game
development and publishing world,” said Barry Meyer, the chairman and CEO of
Warner Bros. “They are a great fit for us and the right next step for Warner
Bros. as we grow into a significant presence in the games space.”

Added Kevin Tsujihara, the president of Warner Bros. Home
Entertainment Group: “TT Games will become the cornerstone of our Home
Entertainment Group’s family-focused games strategy. This is a great marriage
and Warner Bros. will enthusiastically encourage the ongoing growth and
development of TT Games.”

TT Games has two primary operations: game development, which
continues to be known as Traveller’s Tales, and publishing, which is known as
TT Games Publishing. TT Games was formed in 2005 with the merger of the game
developer Traveller's Tales and game publisher Giant Interactive Entertainment.

The first title to be published by TT Games was the
award-winning LEGO Star Wars: The Videogame,
which sold more than 6 million units worldwide. TT Games released the BAFTA
Award-winning LEGO Star Wars 2: The Original Trilogy in September 2006, which also sold more than 6
million units worldwide. The company also recently rolled out LEGO
Star Wars: The Complete Saga. Other titles
in development include LEGO Batman: The Videogame and LEGO Indiana Jones.

TT Games holds the worldwide rights to develop LEGO video
games. The company also holds the video game development and publishing rights
to The Guinness World Records book. TT
Games will continue to manage its existing relationships with LEGO, LucasArts
and Guinness World Records.

Warner Bros. Home Entertainment Group (WBHEG) develops games
through its games division, Warner Bros. Interactive Entertainment (WBIE). WBIE
will publish LEGO Batman: The Videogame
worldwide in 2008, as well as Speed Racer: The Videogame, based on the feature film produced by Joel Silver
and directed by the Wachowski brothers and Project Origin, the sequel to the game F.E.A.R by Monolith Productions. As a licensor, WBIE
continues to work with the industry leaders Electronic Arts, Midway, Eidos and
others on select properties.

—By Irene Lew