This press release has word that film studio Red Eagle Entertainment is entering the world of games, as the owner of the rights to late author Robert Jordan's Wheel of Time series says they will create a series of Wheel of Time games to accompany each of their movies based on the series, the first of which, The Eye of the World, is currently in production. Even more ambitiously, they say their Red Eagle Games is also to create an MMOG based on the series. There's not much more in the way of details about the games, other than they are being targeted at "all major videogame platforms, including consoles, personal computers, handheld systems and wireless devices." There's an article on VentureBeat (thanks Mike Martinez and GamesIndustry.biz) focusing on the riskiness associated with such plans. Those with long memories will recall Legend Entertainment released an Unreal-engine Wheel of Time action/RPG in 1999.