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Scopely and Sony have introduced that the Culver Metropolis-based cellular video games firm shall be buying GSN Video games from the published behemoth for the tune of $1 billion. This costly buy provides one other high-value cellular video games firm to Scopely’s portfolio, and marks the tip of Sony’s administration of the Recreation Present Community-affiliated developer.
As a part of the acquisition deal, Sony will turn into a minority shareholder in Scopely, in accordance with Sony exec Ravi Ahuja.
GSN Video games has been a novel a part of Sony’s sport income for years, due to its affiliation with the Sony-owned Recreation Present Community and its authentic heyday through the Fb informal video games increase. Together with tie-in video games affiliated with sport exhibits Wheel of Fortune and Jeapordy , GSN has made its mark by releasing massively profitable on line casino titles like GSN On line casino and Solitaire TriPeaks.
Diving via the historical past of GSN Video games, and the way Sony discovered itself with an enormous informal video games income stream, is a enjoyable train. The corporate’s roots are partly within the Boston-based firm WorldWinner, which hosts money tournaments for digital video games, and the Toronto-based on-line sport firm Enjoyable Applied sciences, which bought WorldWinner in 2006.
Liberty Media, the previous proprietor of Recreation Present Community, bought Enjoyable Applied sciences in 2007, sunsetting that model however sustaining WorldWinner because it spun up what we now know as GSN Video games.
Liberty Media’s stake within the firm then took a wild trip via DirectTV and AT&T, with Sony turn into a bigger and bigger stakeholder till it took over the corporate in 2019 (sadly this adopted a 6-month burst of layoffs within the 2016-2017 interval)
It is attention-grabbing to see Sony half methods with GSN Video games even whereas it makes strikes towards increasing the platforms its PlayStation titles will be performed on. There’s clearly an enormous demographic distinction between GSN On line casino’s viewers and God of Struggle’s viewers (the On line casino model may be larger, for what it is price), however it seems if Sony was glad with buying and selling away that income for a mixture of money and monetary fairness.
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