K2 Network subsidiary Reloaded Productions has announced monetization plans for the revamped freemium version of All Points Bulletin, APB: Reloaded. When the game relaunches, it will offer Basic and Premium account types. Basic players will be able to log in for free while Premium players will pay an unspecified monthly fee to receive additional game [...]
Recent private Facebook stock transactions held through Second Market value the company at over $50 billion dollars, according to TechCrunch. This means Facebook is worth roughly one-fourth of either Google or Microsoft, nearly as much as Amazon, and more than both eBay and Yahoo. Only a few weeks ago, Facebook investor Accel Partners sold a number [...]
Electronic Arts plans to cut back its slate of boxed retail releases by 40% next year so it can invest more heavily in its fast-growing mobile and online freemium games business, according to Reuters. Currently, sales of boxed retail video games account for about 75% of EA’s revenue, but overall sales in that sector of [...]
A new report from Juniper Research calls for mobile game revenue to top $11 billion by 2015, effectively doubling from the $6 billion mobile games earned last year. Juniper’s report also calls for the market to shift from generating revenue primarily through paid downloads to freemium business models where games are free to download and [...]
American Express and Zynga have announced a American Express customers will be able to spend their Membership Rewards points to obtain limited edition virtual goods, virtual prepaid game cards, and physical prepaid game cards for Zynga’s games. American Express is the first financial services provider to offer virtual goods and currency as a redemption reward [...]
Teen social network myYearbook is partnering with fraud prevention firm ThreatMatrix to help control online fraud and abuse. myYearbook selected ThreatMatrix in part because its solutions do not require use of personally identifiable information. MyYearbook serves over 25 million registered users, many of them legally minors. ThreatMatrix will fight the most prevalent form of fraud [...]
Zynga Chief Game Designer Brian Reynolds will deliver the opening keynote the first day of the 5th annual Engage! Conference and Expo, taking place February 15-16, 2011 at the Javits Convention Center in New York City. Engage provides companies the critical information they need to reach kids and youth through digital technologies. Just three years [...]
Lionside, developer of Lionside Football, has secured a $1.6 million first round of funding, according to an SEC filing. Lionside is a San Francisco-based company with offices in London and Surabaya, Indonesia. The studio plans to use the funds to publish more sports-themed social games. Lionside is headed by Doug Scott, a veteran of Electronic [...]
Foursquare co-founder Naveen Selvadurai has stated in a Quora thread that his company is alpha testing a new version of the Foursquare API. Foursquare co-founder Dennis Crowley has confirmed this, stating that the new API is a total rewrite of the original API that’s 1000 times faster and more flexible in comments made to TechCrunch. [...]
Crytek, developers of the acclaimed PC and console FPS video game series Crysis, is at work on a new freemium MMOFPS called Warface that uses CryENGINE 3 technology. CryENGINE 3 is an engine that Crytek says will bring “next gen” AI, physics, and visuals to Warface. The game is being developed by Crytek Seoul, the [...]
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