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Posts tagged investors

Nerd Kingdom is hopeful about an investor for TUG

Developer Nerd Kingdom has been fairly quiet since its announcement in September that half of its team was being let go in order to keep development moving on TUG. The good news is that the needed investors might be right around the corner. An update on the game's Kickstarter page notes that the te...

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Forbes: Activision's dependence on declining WoW subs 'potential for a catastrophic situation'

With the recent news of World of Warcraft's struggling subscription numbers fresh on our minds, Forbes investigated WoW's primary shareholder and predicted trouble on the horizon for investors. "After looking into Activision Blizzard, Inc., we discovered an amazing looking company that is unfo...

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Gambitious launching itself as a game-focused crowdsourcing center

Crowdsourcing is becoming the new trend, with Kickstarter projects serving as the new hotness for getting a game start-up funded. So it's not hard to understand why Gambitious is promoting itself as an alternative to Kickstarter, specifically as a means to fund game development via crowdsourced p...

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God save the green: Deal makes Jagex a US company

Jagex is trading up the Union Jack for the Stars and Stripes, as controlling interest in the studio has changed hands to a US firm. Insight Venture Partners, a venture capital firm from the US, completed a deal last year to increase its ownership to 55% of the UK-based company. Previously, the...

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The agonizing wait for Star Wars: The Old Republic's launch date continues [Updated]

The multi-million dollar question that's been on every Star Wars: The Old Republic fan's lips can be summed up in one word: When? While we still don't know a precise date, we may be a step or two closer to finding out today. SWTOR fansite Darth Hater combed through a recent EA Q&A session ...

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Controlling share in Bigpoint purchased for $350 million

The prolific MMO developer Bigpoint is answering to couple of new bosses today. According to Gamasutra, Summit Partners and TA Associates have banded together to heavily invest in the company -- and by doing so, to take a controlling share in Bigpoint. The two firms, which are now on the board of...

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The "big bet": EA aims at a half-million subscribers to make SWTOR profitable

"It's a big bet, but it's the right kind of bet to make for EA." These are the words of BioWare's Ray Muzyka, responding to a conference call to EA investors in which the company admitted that Star Wars: The Old Republic will need to pull in at least 500,000 subscribers to become profitable. ...

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Could EA's history make investors wary about SWTOR?

According to a report on Gamasutra, investors have been slow to support Electronic Arts in its latest MMORPG endeavor, Star Wars: The Old Republic. The article released today cites Janco Partners analyst Mike Hickey as saying, "We believe many investors are betting against SWTOR achieving market su...

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Update: 38 Studios sets facts straight on Copernicus

In a follow-up to our story posted yesterday, 38 Studios has contacted us with a response on the issue of the game's cost to be between 50 million and 100 million and their "tenative release date" as reported by the Boston Globe. According to 38 Studios, the 50 to 100 million figure came from the Bo...

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38 Studios estimates it will take 50 to 100 million to finish Copernicus, Schilling looking for investors

Curt Schilling is out on the field again -- the investing field, that is. The former baseball star turned game developer is looking for more investors to back 38 Studios and their first game, the title codenamed Copernicus. The company's estimates for their game requires 50 to 100 million more in ...

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