Jam City may well be placing a bet that Hollywood studio connections will offer a path to more franchise deals. The Culver City-based game developer has purchased Ludia, a Canadian game maker known for its "Jurassic Park"-themed games, for $165 million. Ludia has long partnered with NBCUniversal and its properties and is developing two new games based on DC Comics and Disney properties.
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Jam City's purchase of Ludia adds 400 employees working in Canada where companies can operate for less, Chief Operating Officer Josh Yguado said. As mobile gaming grows into a multi-billion sector, Jam City is competing with other game-makers like Scopely, which is acquiring studios of its own in Spain and Ireland.
Countries outside the U.S. offer contribute to production costs and offer tax breaks, which are highly attractive for a company looking to stay lean.
Fintech startup HoneyBee has hardly done any marketing and yet it is already becoming a go-to lifeline for cash-strapped employees. The company is a short-term credit program that works through employers, offering employees "rainy day loans" as well as credit and financial counseling. It recently raised $5.7 million in a round led by ff Venture Capital.
On this week's episode of Behind Her Empire, fashion icon Jenna Lyons opens up about her experience at J.Crew and how a medical condition that impacted her eyelash growth led her to create her new business, LoveSeen.