The personal information of nearly 5 million parents and over 200,000 children has been stolen from the China-based device manufacturer. …
Just Flight is evidently the “new company” former Mastertronic MD Andy Payne mentioned would be spun out of the firm last week as Mastertronic sold it off to a new buyer amid bankruptcy proceedings. …
Niantic Labs is doing ok for itself after spinning off from Google earlier this year. The company beyond the augmented reality game Ingress split off in August when Google announced its newly formed parent company Alphabet.
Niantic is currently working on the ambitious Pokémon Go. Now it has more capital to make that project come to life thanks to this Series A funding.
Google, The Pokémon Company, and Nintendo have made a $ 20 million investment in the company. Funds will also be used for continued support of Ingress and other new games. Niantic will also be eligible for another $ 10 million from the trio as it meets milestones.
I don’t think there is anyone who doesn’t expect Pokémon Go to be an enormous win for all parties involved. This additional investment allows Niantic working capital to ensure that the implementation live up to fan expectations of a Pokémon game that interacts with the real world.
During a recent chat with Develop, Oculus CEO Brendan Iribe revealed the company is already researching how it can break into the augmented reality space. …
John Smedley has announced that he founded a new company this month, though details are not yet available. The former president of Daybreak (formerly Sony Online Entertainment) was supposed to be transitioning to a new role in the company after stepping down from his leadership position.
According to Smedley's Facebook profile, he is both CEO at the new company and president at Daybreak, though that could simply be because he hasn't updated his job information. Smedley vacated the president’s seat shortly after taking to Twitter about the conviction of someone associated with a group responsible for various service outages.
Smedley also said that Julius Kivimaki was responsible for the bomb threat and subsequent emergency landing of a plane on which the executive was flying. He closed the tirade, promising to go after Kivimaki and his parents.
The company said that Smedley would be taking some time off, but would be transitioning to an as yet undisclosed new role at Daybreak. Daybreak confirmed to us that Smedley has departed the company.
“On behalf of Daybreak, we wish Smed well in his new endeavors," a representative told us via email. Any questions regarding his new business should be directed to him.” We've reached out to Smedley for comment and will update should he respond.
Update: John Smedley responded to our request for comment. He indicated that he's not ready to announce anything right now, but news should be coming in the next few weeks.
When Smedley stepped down so soon after the Twitter attack on Kivimaki, it seemed like the two were linked. Also, without a specific new role for him when the announcement was made, an exit isn't surprising at all. We'll share news about his next venture when we have more information.
Team Fortress 2 is getting a new mode care of Bad Robot, the production company behind projects like Lost, Star Trek, Cloverfield, and the upcoming Star Wars: Episode VII.
The mode, which is currently available in beta, is called PASS Time, and is being developed by Escalation Studios under the direction of Bad Robot. The mode has more in common with traditional sports as players pass a ball back and forth and try to score goals. The carrier of the ball is also given a number of bonuses like speed and health boosts, as well as temporary invulnerability when the ball is stolen from an opponent. You can can find the fill details of the mode, and how to download it, by heading here.
This isn't the first time Bad Robot has teamed with Valve. Valve's Gabe Newell and Bad Robot's J.J. Abrams appeared on stage together at GDC in 2013, and in October 2010, Valve released an interactive teaser promoting Abrams' film, Super 8.
[Source: Team Fortress 2]
These two have been teasing collaboration for years, but have so far only released a handful of small projects. It seems like the two are building to something, but I can't tell what it is.
In this edition, the founder of MK-Ultra Games offers advice for fellow indie game makers starting their own companies: take it seriously, get your paperwork straight, and don’t spend your own money! …
Update: We're issuing a retraction on this story. The press release we read directly referenced Majesco Entertainment's stock ticker (COOL), but that was an error.
There is another Majesco, a maker of insurance software, which completed a merger with Cover-All. All of the information in the original story regarding Majesco Entertainment's most recent status remains accurate, and we are leaving this story up so those referencing it see the correction. Should Majesco Entertainment update us on its current status, we'll report that in a new story.
We apologize for the error. Thanks to Anthony Grosso for directing us to the correct information.
Cooking Mama publisher Majesco has acquired Cover-All, a New Jersey-based insurance company. The publisher has recently been through challenging financial straits, escaping another NASDAQ delisting warning.
According to a press release issued by Majesco and Cover-All, outstanding Cover-All shares will be converted to .21641 Majesco shares. Fractional shares will be rounded up to the next whole share.
Additionally, all outstanding, unexercised Cover-All options will be converted to Majesco options. The deal closed today, and Majesco will be changing its ticker from COOL to MJCO on or about Monday, June 29.
Majesco’s financial report issued in November 2014 painted a bleak picture of the company’s future in the video game publishing business. At that time, the company indicated that it had doubts about its ability to remain in business and had no significant new games for release in 2015.
Shortly thereafter, the company shuttered Midnight City, its indie publishing arm. Majesco’s website has not carried any new information since October of last year.
We’ve reached out to the company with a request for comment and update on the status of its publishing business. We’ll share any information we learn.
[Source: Business Wire via Seeking Alpha]
It seems like Majesco is working to reorient its business. I don’t expect there will be any sudden game announcements after this merger, though this could simply be an effort to diversify and provide a steady source of revenue outside the gaming business. This may be an effort to get the company back on its feet, though given the radio silence since last year, its impossible to know without a statement.
Update: Given the new, accurate information about this story, we're still interested in what Majesco Entertainment is up to, but it's clear it isn't getting into the insurance business.
Aside from accidentally stumbling into a Korean brothel, we learned some valuable things about E3 last week. …
Veteran game designer Chris Avellone took to Twitter today to confirm that he is stepping down as Obsidian’s chief creative officer and leaving the company after co-founding it 12 years ago. …