Videogames Using the Power of Fans to Get a Kick Start

Videogames are fast becoming one of the most popular categories that are able to attract start-up capital from everyday people.
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Mobile Gaming Is Hot, but Pocket Gems Won’t Sell Out

Pocket Gems says it is not for sale, even though other mobile gaming companies like OMGPOP and Funzio are cashing out at big valuations.
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News Byte

Frenzoo Raises $1 Million to Fund “Me Girl” Mobile Games

Frenzoo, which is building a series of mobile games targeting women, has raised $1 million in seed funding. Participating investors include Efficient Corporate, Siemer Ventures, K5 Ventures and Metaverse Services. Based in Hong Kong and San Francisco, the company said it will use the funding to launch a series of fashion- and lifestyle-based games under the brand “Me Girl.”

EA Says Digital Will Offset New Console Investments for the First Time

Despite having to sink $80 million into new console game development this year, EA’s CEO John Riccitiello is upbeat, saying that “we are absolutely a different company in a different spot.”
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Voices

In Japan, Games Business Pairs Reward and Risk

As a Japanese government investigation questions the legality of mobile videogames like those from Gree Inc. and DeNA Co., a snapshot is emerging ofboththe promise and risk of the nascent social-network games business, an industry that offers a new model of success for Japan’s flagging technology sector.

EA Predicts Digital Games Will Make Up 40 Percent of Revenue Next Year

Electronic Arts beat analyst expectations for both revenue and profits today for the fourth quarter, driven by strong digital revenues and sales from its latest game, Mass Effect 3.
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Will Electronic Arts’ Q4 Performance Help Its Struggling Stock?

Since the company’s last earnings release, Electronic Arts’ stock has tumbled 20 percent. Can the company’s Q4 results — coming out later today — be enough to turn things around?
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Funzio’s Big Exit to Gree Fueled by Only Three Hit Game Titles

Funzio’s $210 million sale to Tokyo-based Gree this week makes it the second mobile game company with a relatively short operating history to be snapped up recently.
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CrowdStar Lands $11.5 Million to Support Its Shift From Social to Mobile Gaming

CrowdStar has landed $11.5 million in fresh capital to help it complete its transformation from developing social games to mobile games.
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Japan’s Gree Buys Mobile Social Game Developer Funzio for $210 Million

Gree, the Tokyo-based company that bought OpenFeint for $100 million last year and is trying to build a global mobile social network, has acquired Funzio for $210 million.
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