Warner Bros. Home Entertainment Group has revealed today their agreement to acquire TT Games (Traveller's Tales, independent game developers) and TT Games Publishing, the UK-based game publisher responsible for the LEGO Star Wars series, BIONICLE Heroes and other popular games.

"TT Games is very successful and respected in the game development and publishing world," said Barry Meyer, 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."

TT Games holds the rights to develop LEGO video games, while other titles currently in development include LEGO Batman: The Videogame and LEGO Indiana Jones. The company even holds rights for development and publishing of The Guinness World Records book.

"TT Games is the leading video game developer for young gamers and their families," said Kevin Tsujihara, president of Warner Bros. Home Entertainment Group. "The expertise that TT Games brings to Warner Bros. is a great match with our brands as well as an opportunity to effectively leverage our existing global infrastructure."

"After 18 years in the video games industry, the opportunity to become a meaningful part of the world's leading entertainment company is the fulfillment of a dream," said Jon Burton, managing director of Traveller's Tales. "Now that we are part of Warner Bros., I think it's safe to say we are exactly where we want to be."

As for WBHEG, it develops games through its own games division, according to the official report today, Warner Bros. Interactive Entertainment (WBIE), bringing both internal and external development resources, as well as original intellectual property. WBIE is known for publishing 300: March To Glory this year for Sony's PSP and Looney Tunes: ACME Arsenal, a game for the Xbox 360, Wii and PS2.

The future of WBIE's plans sees the publishing of LEGO Batman: The Videogame worldwide in 2008 and Speed Racer: The Videogame and Project Origin, the sequel to the F.E.A.R (developed by Monolith Productions).