On April 27 Time Warner (ticker: TWX) announced that it will
launch an online video game business in Fall 2005 called The GameTap
Broadband Entertainment Network
. Comments about GameTap from
the company's May 4, 2005 earning conference call with investors:

...GameTap…is a subscription service where you can play
games on your PC, on up to two PCs in your home, and the games… are the
classic games that come from all game platforms and services... whether
the game was all the way back to Sonic or PacMan, whichever platform it
came out on, Nintendo versus PlayStation, you can play it on GameTap
with no equipment change in your house...

We have game contracts with many game companies over 1,000 games.
And it will be the place in a way... like HBO where you go to find
classic games. To your question of what is our strategy or plan for
games... I wouldn't link GameTap directly with... what Warner's or new line
or HBO or Turner networks are doing in game licensing but what we're
doing across the company is co-licensing, co-producing, in certain
cases, Matrix is one of them where we've just announced a multiplayer
game, where at varies stages of either full or half participation in
the development and then publishing of games.

Finally, AOL and our cable company are game distributors, they
provide games you can play at home... so we'll be in the games business
in essentially all of those dimensions.

(Quotes are from the CCBN StreetEvents transcript.)

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