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Warner acquires Snowblind Studios

As parent company posts huge loss.

Warner Bros. has acquired US developer Snowblind Studios, strengthening the money-making entertainment arm of the US media giant.

Snowblind - formed in 1997 - has been responsible for hack-and-slasher Baldur's Gate: Dark Alliance, EverQuest PS2 spin-off Champions of Norrath, and decent superhero action game Justice League Heroes.

Figures are left out of the acquisition announcement. But today sees 2008 earnings for parent company Time Warner down USD 16 million (GBP 11.1 billion), compared to a profit of USD 8.9 billion for 2007.

"These decreases were offset partially by growth in interactive video games revenues, due primarily to the releases of LEGO Indiana Jones and LEGO Batman," said Warner in a financial statement on the official company website.

Snowblind joins TT Games (LEGO Batman/Indiana Jones) and Monolith Productions (F.E.A.R. 2) as part of Warner Bros. Interactive Entertainment.

There's no word on what Snowblind will be making for Warner Bros. just yet.