scopely

scopely

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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The founders of Afterparty see themselves as on the forefront of a so-called "Web 3," a reimagined internet that relies less on private intermediaries like Google and Facebook, and enables more direct connections between creators and their fans through the blockchain.

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