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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Bookouture, the U.K.-based digital publishing company that had a number of titles hit high on Amazon's Kindle ebooks bestselller list in 2016, has been acquired by Hachette U.K. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-07 00:00:00 UTC ]
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Hachette UK has acquired independent ebook publisher Bookouture, just four years since it was founded in 2012 by former Harlequin/Mills & Boon marketing executive Oliver Rhodes. Continue reading at The Bookseller
[ The Bookseller | 2017-03-07 00:00:00 UTC ]
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A Michigan indie takes on Facebook; Cleveland booksellers honor Women's History Month; three booksellers win book fair scholarships; and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-07 00:00:00 UTC ]
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Faber & Faber has acquired Friend of My Youth, a new novel by award-winning writer and critic Amit Chaudhuri. Continue reading at The Bookseller
[ The Bookseller | 2017-03-04 00:00:00 UTC ]
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Fabled children's book author Dr. Seuss once said that his experience working at Standard Oil 'taught me conciseness and how to marry pictures with words.' Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2017-03-03 00:00:00 UTC ]
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Penguin Random House has won the auction for books from former President Barack Obama and former First Lady Michelle Obama. PRH acquired world publication rights for both books, to be written by President and Mrs. Obama respectively. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-01 00:00:00 UTC ]
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Personnel changes hit Los Angeles Magazine as new owners lay off publisher, EIC. The post Hour Media Group Acquires Emmis Magazines for $6.5 Million appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-03-01 00:00:00 UTC ]
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Creative Loafing comes home, and more from around the publishing business. The post Industry Notes: Revenues Climb at UBM | HMP Acquires EMS World appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-02-28 00:00:00 UTC ]
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Acquired late last year, Antique Collectors Club, a publisher and distributor of decorative arts books, has changed its name to ACC Publishing Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-28 00:00:00 UTC ]
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As part of AOL's ongoing work to build a mobile advertising business that rivals Facebook and Google, the company is partnering with Berlin, Germany-based Adsquare on a new data effort. Adsquare's data will be built into AOL's programmatic platform One by AOL that helps publishers sell ads.... Continue reading at AdWeek
[ AdWeek | 2017-02-27 00:00:00 UTC ]
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Usborne has acquired Theatrical by Maggie Harcourt, a novel about a teenager's aspirations to work in theatre behind the scenes, and the real backstage drama that ensues when those dreams are realised. Continue reading at The Bookseller
[ The Bookseller | 2017-02-24 00:00:00 UTC ]
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The bestselling iBooks in mystery, romance, sci-fi, biography, fiction, and more for the week ended February 12, 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-17 00:00:00 UTC ]
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Fleet has acquired American author Claire Messud’s new novel The Burning Girl, to publish in September 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-02-16 00:00:00 UTC ]
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By dangling rewards in front of publishers that go all-in with them, platforms, inadvertently or not, worm their way into publishers’ organizations and dictate their strategy. Some publishers including The Washington Post and Mic say the rewards and potential influence with the platforms are... Continue reading at Digiday
[ Digiday | 2017-02-15 00:00:00 UTC ]
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Sphere non-fiction has acquired the first book by Emma Blackery, a musician and vlogger with more than 1.3 million subscribers to her YouTube channel. Continue reading at The Bookseller
[ The Bookseller | 2017-02-11 00:00:00 UTC ]
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Welsh independent publisher Firefly Press has bought a new YA novel by Rhian Ivory. Continue reading at The Bookseller
[ The Bookseller | 2017-02-07 00:00:00 UTC ]
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Picador has acquired a debut novel, Fire Sermon, and story collection, I Want to Show You More, from US writer Jamie Quatro Continue reading at The Bookseller
[ The Bookseller | 2017-02-07 00:00:00 UTC ]
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Sree Sreenivasan and Kinsey Wilson, two titans of digital media, are revolutionizing New York City and the ‘New York Times’ for the digital age Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-07 00:00:00 UTC ]
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A new Game of Thrones story focusing on the family history of the Targaryens is to be published this autumn in the US. Continue reading at The Bookseller
[ The Bookseller | 2017-02-03 00:00:00 UTC ]
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Mobile apps’ share of video consumption went down from eight to five percent by the end of 2016, continuing a downward trend, according to video tech firm JW Player. Not surprisingly, then, most digital publishers can’t justify spending $500,000 or more on mobile app development and maintenance,... Continue reading at Digiday
[ Digiday | 2017-02-02 00:00:00 UTC ]
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