Online gaming company Gamania Digital Entertainment Co (遊戲橘子) announced yesterday its partnership with Seed Studio (喜登數位) to develop interactive game content and said it expects to release new casual game titles in the second half of next year.
Seed Studio is a leading creative game development studio with two popular games: Blue Shift and Epoch Wars. Its founder and chief executive is Wu Ji-tung (吳昕東), a second-generation member of the family that runs Shin Kong Group (新光集團).
Despite the worldwide financial tsunami, the global online gaming industry has blossomed and is projected to reach US$192 billion next year, it said.
“To seize the opportunity in Asia, we are extremely excited about our strategic alliance with Gamania and hope to roll out high-quality consumer products for avid gamers starting in the second half of next year,” Seed Studio chairman Foo Jin-hsuan (符景喧) told a media briefing yesterday.
“Gamania had been aggressively looking for suitable partners” for a long time, Gamania CEO Albert Liu (劉柏園) said. “We chose Seed Studio because it has a young research and development team, enormous creativity and innovative technology.”
Through the partnership, Gamania hopes to push its branded products not only in Taiwan, but also in China, Hong Kong, Japan, South Korea and North America.
Seed Studio was founded in 2006 with capital of NT$140 million (US$4.24 million). The company employs 65 people and has worked with international renowned game production personnel to co-develop proprietary game engines.
Seed Studio’s client list includes Microsoft Corp and Sony Computer Entertainment Inc.
Gamania’s main rivals in Taiwan are Softworld International Entertainment Corp (智冠科技) and its subsidiary Chinese Gamer International Corp (中華網龍).
Gamania also released its audited first-half financial results.
Consolidated revenues came in at NT$2.67 billion, with an operating margin of NT$1.38 billion. Gross margin was 51.8 percent, the company said in a press statement.
Pretax and net profits reached NT$384.45 million and NT$291.94 million, up 65.04 percent and 66.64 percent respectively from the same period last year. Its net earnings per share reached NT$2.
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