Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch | 1/17/2019 | Staff
fufu-fefefufu-fefe (Posted by) Level 4
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/01/211V-03-0509_KZ-RD2.jpg?w=600

Add that to the company’s expansion into new markets with strategic acquisitions to fuel development and growth in Toronto and Bogota, and it’s clear that the company is looking to make more moves in 2019.

Jam City already holds intellectual property for a new game built on Disney’s Frozen 2, the company’s newly acquired Fox Studio assets like Family Guy and the Harry Potter property. Add that to its own Cookie Jam and Panda Pop properties and it seems like the company is ready to make moves.

Games - Revenue - Driver - Entertainment - Industry

Meanwhile, games are quickly becoming the go-to revenue driver for the entertainment industry. According to data collected by Newzoo, mobile games revenue reached a record $63.2 billion worldwide in 2018, representing roughly 47% of the total revenue for the gaming industry in the year. That number could reach $81.3 billion by 2020, the Newzoo data suggests.

Roughly half of...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Do you exist for Something or Nothing?
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!