KongZhong Corporation (NASDAQ: KONG), a digital entertainment company inChina, announced it has entered into definitive agreements to acquire a minority interest in Ourgame International Holdings Limited ("Ourgame" also known as "LianZhong") for a total consideration of RMB 100.0 mn in cash (US$16.5 million at current exchange rates). The board of directors of the Company has approved the transaction, which is set to close before the end of February 2014.
More than four in ten (44 percent) online U.S. consumers owned tablets as of December 2013, an increase of six percentage points from December 2012 (38 percent), according to research released today by the Consumer Electronics Association (CEA).
According to researcher IDC, vendors shipped a total of 1,004 million smartphones worldwide, up 38% from the 725 million units in 2012. Smartphones accounted for 55% of all mobile phone shipments in 2013, up from the 42% of all mobile phone shipments in 2012.
Sociality Rocks!, an organizer of one of the largest games conferences in Eastern Europe, focused on social and mobile games, is coming to San Francisco, April 22 and 23rd. The event is held at the Hilton in SF's Financial District. Sociality Rocks! is held in Kyiv, Moscow and starting this year in San Francisco. Four previous conferences have gathered more than 2,000 participants from 450 companies. To register, visit: http://en.socialityrocks.com/
Rovio's total consolidated full year revenue grew by 101%, driven by a healthy growth in games revenue and consumer product sales, and amounted to €152.2 million (2011: €75.6 million).
Earnings before interest and taxes (EBIT) were €76.8 million (2011: €46.9 million), up 64% from year 2011, and net profit after tax was €55.5 million (2011: €35.4 million). In a statement, the company said, "we doubled our revenue with an EBIT margin of 50%, more than doubled our headcount, established new offices and a New Business Ventures unit.” said Rovio CFO Herkko Soininen.
Disney plans to shut down game developer LucasArts. In a statement, the company said, "after evaluating our position in the games market, we've decided to shift LucasArts from an internal development to a licensing model, minimizing the company's risk while achieving a broader portfolio of quality Star Wars games."
DMW Games, formerly known as LA Games Conference, will be held April 18 and 19th in Los Angeles. Pearl Research readers receive 10% off registration with discount code PEARL10. The conference will feature 2 tracks with fireside chats from Playstation's Christopher Mahoney and EA's Pascal Brochier, panels, demos and presentations on digital game creation, distribution, monetization and marketing.
An analysis of Facebook app developer DoubleDown reveals some clarity to the size and scope of this market for app developer. DoubleDown, a social casino-style gaming operation known for its Facebook games, was acquired in January 2012 by IGT, a manufacturer of slot machines for $500 million. The total consideration includes $250 million in cash, $85 million in retention payments over the next two years and up to $165 million in cash payable over the next three years subject to DoubleDown meeting certain financial performance targets.
This all-new game universe will launch in June across all consoles and will have a phased roll out across mobile and online devices throughout 2013. Players will have a virtual “Toy Box.” Players can access their “Toy Box” and build and using their Disney characters, vehicles, settings and accessories.