PC gaming Giant Take-Two has announced that it's making a big move into mobile gaming with the acquisition of Zynga for a total price of approximately $12.7 billion. Take-Two already owns Rockstar Games, Codemasters and 2K, producing games like Grand Theft Auto, Red Dead Redemption, Bioshock and others. Zynga, meanwhile, produces well-known mobile titles like CSR Racing, FarmVille, and Words with Friends. Take-Two said that the deal will result in $6.1 billion worth of 12-month pro-forma net bookings, meaning it will become one of the largest gaming companies in the world. "This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," said Take-Two Chairman and CEO Strauss Zelnick. The deal will also help Take-Two save about $100 million annually after two years. Zynga itself was on an acquisition streak of late, having acquired the studio behind Torchlight 3early last year. Zynga has sometimes relied on acquisitions to find the hottest games in the notoriously fickle mobile gaming market. Still, Take-Two said that the mobile industry booked $136 billion 2021 and is currently growing at over 8 percent, so the money is there to be had. Mobile will now account for half of its net bookings (net amount of products and services sold digitally or sold-in physically), the company said. Continue reading at 'Engadget'
[ Engadget | 2022-01-10 13:17:58 UTC ]
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OverDrive executives said the acquisition will enhance OverDrive Education's Sora reading app and platform, which serve K-12 schools around the world. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-14 04:00:00 UTC ]
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The Association of American Publishers released its final report on 2020 industry sales today and the figures show another flat year, with sales down 0.2% compared to 2019, slipping to $25.71 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-08 04:00:00 UTC ]
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The purchase of Meredith Corp.'s magazine publishing operations is expected to close by the end of the year. Continue reading at Advertising Age
[ Advertising Age | 2021-10-06 23:04:39 UTC ]
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Nine Story Media Group has acquired a minority equity stake in Knights Of, becoming the inclusive publisher's first public investor. Continue reading at The Bookseller
[ The Bookseller | 2021-10-01 03:32:48 UTC ]
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Trusted Media Brands just recently acquired Jukin Media. Here's a look at what its strategy looks like — and what channels are set to expand first. The post Case Study: How Trusted Media Brands is prioritizing video after acquiring a viral digital content company appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-09-29 04:01:00 UTC ]
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Chicago’s Architecture Biennial could permanently transform the city’s vacant lots. Chicago’s latest attraction is a bright pink playground. Designed by architect Germane Barnes of Studio Barnes, in Miami, the climbable pavilion sits on a vacant lot in North Lawndale, a low-income, majority... Continue reading at Fast Company
[ Fast Company | 2021-09-28 06:00:28 UTC ]
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In a deal that will see two of Hollywood's most powerful talent agencies come together, Creative Artists Agency (CAA) has agreed to purchase ICM Partners. Both companies have significant outposts in New York book publishing, with CAA having 11 literary agents on staff and ICM having 17. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-27 04:00:00 UTC ]
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Bloomsbury has completed the acquisition of certain assets of Artfilms, the video streaming service of Contemporary Arts Media, as it expands its digital resources portfolio. Continue reading at The Bookseller
[ The Bookseller | 2021-09-22 17:59:05 UTC ]
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International Literary Properties (ILP), the global company that acquires and manages literary estates, has acquired Patrick Carman’s Skeleton Creek series. Continue reading at The Bookseller
[ The Bookseller | 2021-09-22 12:04:03 UTC ]
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Flash fiction has never been hotter. A tectonic shift over the last 20 years in how narrative is conveyed—fueled largely by the online journal’s rise from (mostly) irrelevance to somewhere near the top of the literary fiction food chain—has created the perfect environment for disseminating... Continue reading at Electric Literature
[ Electric Literature | 2021-09-20 11:00:00 UTC ]
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Virago Modern Classics has acquired world English language rights in The Amazing Mr Blunden by Antonia Barber, ahead of a Sky Original Christmas film this year. Continue reading at The Bookseller
[ The Bookseller | 2021-09-15 06:44:43 UTC ]
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Capstone, publisher of children’s books and K-5 ed-tech content, has acquired Buncee, a digital creation, collaboration, and communication tool for students and educators. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-14 04:00:00 UTC ]
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Cambridge University Press & Assessment has acquired CogBooks, an online technology company which specialises in adaptive courseware. Continue reading at The Bookseller
[ The Bookseller | 2021-09-09 18:13:45 UTC ]
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Studio Press, an imprint of Bonnier Books UK, has acquired More is More Décor by interior designer and Instagrammer Siobhan Murphy. Continue reading at The Bookseller
[ The Bookseller | 2021-09-06 17:12:14 UTC ]
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The Lit in Colour Pioneers programme, which supports UK schools in diversifying their English Literature curriculum, will be working with 119 cohorts from across the country this year, reaching almost 12,000 students. Continue reading at The Bookseller
[ The Bookseller | 2021-09-06 10:31:02 UTC ]
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In ‘Forever Young,’ the 75-year-old actress opens up about life before and after ‘The Parent Trap’ Continue reading at The Washington Post
[ The Washington Post | 2021-09-05 12:00:00 UTC ]
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Using close to 100 exhibitor tents, the Warsaw Book Fair moves outdoors this month to make its return in an open-air setting. The post Warsaw Book Fair Returns in Physical Rendition, September 9 to 12 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-09-03 12:25:43 UTC ]
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Daryl Gregory, author of the new novel 'Revelator,' recommends 10 groundbreaking Southern gothics. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-03 04:00:00 UTC ]
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In his latest novel, Toibin imagines the life of Thomas Mann, the Nobel Prize-winning author of “The Magic Mountain” and “Death in Venice.” Continue reading at The New York Times
[ The New York Times | 2021-08-31 18:09:36 UTC ]
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The tennis great and longtime activist shares little-known stories in her autobiography. Continue reading at The Washington Post
[ The Washington Post | 2021-08-27 12:00:00 UTC ]
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