scopely

scopely

Courtesy of Scopely

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Mobile games studio Scopely is investing $20 million in a new game developer called Burlingame Studios and plans to co-create a game with the company.

The investment is part of Culver City-based Scopely’s plan to expand its “ecosystem” of studios that it has built, bought or backed around the world, the company said Wednesday. The goal is to grow Scopely’s portfolio by pairing its expertise in game-making, technology and publishing with specialized teams from internal and external studios.

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Photo by Josue Ladoo Pelegrin on Unsplash

As major publishers bet big on free-to-play games, Sony Pictures Entertainment is taking a step back with the $1 billion sale of GSN Games to Scopely, one of Los Angeles' most valuable startups.

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Jam City finalized its plans to pick up mobile gaming company Ludia – known for its "Jurassic Park" themed games – for $165 million, as the Culver City-based company seeks to become the "go-to studio for Hollywood."

The acquisition was first announced in May as part of Jam City's plans to go public via a $1.2 billion SPAC. But the IPO fell through. Since then, Jam City has raised a $350 million round from existing investors including Netmarble, Kabam and Fortress Investment Group and it's on the hunt for more companies to pick up.

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