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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The day includes two sets of pitch sessions of books for possible film or virtual-reality development, each followed by networking sessions. The post At Frankfurt Book Fair: ‘A Book Is a Film Is a Game’ Networking Day Returns appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-09-28 00:00:00 UTC ]
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Publishers mull how to make money in a world dominated by platforms. The post ‘Do billions of views even matter?’: Overheard at the Digiday Publishing Summit appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-09-27 00:00:00 UTC ]
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In their new book, Biblical scholars Candida Moss and Joel Baden examine the Green family’s collection of antiquities planned for their $500 million Museum of the Bible, and question how the Hobby Lobby owners might be able to control the conversation about the Bible through it. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-25 00:00:00 UTC ]
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Multimillion fines are just the start for Facebook and Google, as the world comes to realise how political big tech has becomeIn his wonderful book The Swerve: How the Renaissance Began, the literary historian Stephen Greenblatt traces the origins of the Renaissance back to the rediscovery of a... Continue reading at The Guardian
[ The Guardian | 2017-09-24 00:00:00 UTC ]
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Quercus imprint Jo Fletcher Books has acquired a cross-genre debut set in 1960s America, called Our Child of the Stars, in a two-book deal. Continue reading at The Bookseller
[ The Bookseller | 2017-09-22 00:00:00 UTC ]
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Edinburgh University Press has reported a 12% rise in sales for the year to end July 2017, to £3.22m. Continue reading at The Bookseller
[ The Bookseller | 2017-09-18 00:00:00 UTC ]
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Durham, N.C.-based Carolina Wren Press is acquiring the trademarks and backlist of Winston-Salem-based publisher John F. Blair. The combined company will function as a non-profit publisher and will be renamed Blair. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-15 00:00:00 UTC ]
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Myriad has bought world rights to What We Talk About When We Talk About Rape, a "game-changing" book that looks at sexual assault and the global discourse on rape from the viewpoint of a survivor, writer, counsellor and activist. Continue reading at The Bookseller
[ The Bookseller | 2017-09-14 00:00:00 UTC ]
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Canongate has bought Severn House Publishers, for an undisclosed sum, from owner Edwin Buckhalter. With the acquisition, Buckhalter will retain a consultancy role, while Severn publisher Kate Gibb has been promoted to COO of Canongate. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-13 00:00:00 UTC ]
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Oreva Capital has backed a management-led buyout of Here Publishing, rebranding it Pride Media Inc. The post Owner of High Times Acquires LGBT Magazines Out and The Advocate appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-11 00:00:00 UTC ]
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Pan Macmillan imprint Bluebird has acquired a new book by Pope Francis, a rumination on happiness called Happiness in this Life. Continue reading at The Bookseller
[ The Bookseller | 2017-09-08 00:00:00 UTC ]
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The company expands its printing and distribution services by purchasing one of the largest publication printers in the U.S. The post LSC Communications Acquires Publishers Press appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-07 00:00:00 UTC ]
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John Murray is publishing Falling Short, a "funny, uplifting, deeply moving" literary debut by "true new talent" Lex Coulton. Continue reading at The Bookseller
[ The Bookseller | 2017-09-07 00:00:00 UTC ]
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Sister Pictures has acquired the television rights for writer and comedian Adam Kay’s debut This is Going To Hurt: Secret Diaries Of A Junior Doctor in a 12-way auction. Continue reading at The Bookseller
[ The Bookseller | 2017-09-07 00:00:00 UTC ]
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BookTrust’s new writer in resident Taran Matharu has discussed the need for publishers to capitalise on young people’s enthusiasm for gaming through books. Continue reading at The Bookseller
[ The Bookseller | 2017-09-05 00:00:00 UTC ]
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"This acquisition provides a significant opportunity for us to expand both communities." The post Chief Executive Group Acquires Corporate Board Member Magazine appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-01 00:00:00 UTC ]
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Given a green light by competition authorities, Poland's bookseller Empik adds Platon to its assets, a major national and international distribution outfit. The post Polish Bookseller Empik Approved to Accelerate Its Growth By Acquiring Distributor Platon appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-09-01 00:00:00 UTC ]
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A year ago, Electronic Arts kicked off its indie publishing program EA Originals by announcing an intriguing gem: Fe, created by studio Zoink from Gothenberg, Sweden. The wordless adventure game follows a woodland creature as it roams a geometric, st... Continue reading at Engadget
[ Engadget | 2017-08-22 00:00:00 UTC ]
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To 'explore new uncharted waters,' China South Publishing takes a stake in Frankfurt Book Fair's global rights and license trading platform, IPR License. The post Multimedia Giant China South Publishing Invests in IPR License appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-08-15 00:00:00 UTC ]
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Across the U.S. today, various publications are relaying to their readers some pressing news: they've been sold. Morris Publishing Group, a part of Morris Communications Co., has been purchased by New York-based New Media Investment Group. This means that the Savannah Morning News, the Topeka... Continue reading at AdWeek
[ AdWeek | 2017-08-10 00:00:00 UTC ]
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