US-based Kabam, a publisher of massively multiplayer social games, has raised an undisclosed amount of funding from Warner Brothers Entertainment and MGM Studios.
Kevin Tsujihara, president of Warner Bros will now join Kabam’s board of directors and MGM’s Chief Executive and chairman Gary Barber will join as an observer on the board.
Kevin Chou, co-founder and chief executive of Kabam, said: “Partnering with Warner Bros. and MGM is a natural fit for Kabam as we create new story lines and extensions of Hollywood studios’ intellectual properties for millions of gamers worldwide, either Kevin Tsujihara or Gary Barber would be a tremendous addition to any growing entertainment company’s board, to have both is a boon to Kabam.”
Since being founded in 2006, Kabam has raised a total of $125m in venture funding, including $85m in a Series D funding last year, from Canaan Partners, Redpoint Ventures, Intel Capital, Google Ventures, Pinnacle Ventures, Performance Equity and SK Telecom Ventures.
The parent company of Warner Bros, Time Warner Inc has previously made investments in game studios including CrowdStar and Trion Worlds through its investment fund,Time Warner Investments.
Kabam made $100m in gross revenue in 2011, a growth of more than 50%, a Kabam spokesperson said.