Pikachu Posted October 2, 2018 Share Posted October 2, 2018 https://www.gamesindustry.biz/articles/2018-10-02-hugo-games-acquires-5th-planet-games-for-usd737-000 Quote Denmark-based mobile developer and publisher Hugo Games has acquired another studio in the form of 5th Planet Games. Hugo Games is the firm behind Kings of Soccer, Doodle Jump 2 and various titles starring Hugo The Troll. It has used existing liquidity to purchase 5th Planet in a deal that costs $737,000. Meanwhile, 5th Planet, based in Californian city Sacramento, is best known for titles such as Dawn of the Dragons, Curio Quest, Age of Heroes and Tap Cat 9 Lives, and is one of the best-selling developers on Kongregate. The revenue from these four titles currently stands at $800,000 per year, and Hugo Games has high hopes for the upcoming sequel to Dawn of the Dragons, which it is spending a further $160,000 on to bring it to market. The original's total revenues have so far reached $27.7 million. 5th Planet Games founder Robert Winkler will stay on as studio lead of the Sacramento team, running his team of 15 developers. Hugo Games CEO Henrik Nielsen said: "The 5th Planet Games crew are experts in the type of mobile games known as community-based games. "They have proved that they are able to create a high degree of retention and, even more importantly, they are able to [monetise] on them and earn money. This basically means that they have the knowhow to maintain their customers and make them deliver a steady income. That's an important and valuable ability which supplements Hugo Games perfectly." Quote Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2018 Share Posted October 2, 2018 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted October 2, 2018 Share Posted October 2, 2018 Well good for them! Quote Link to comment Share on other sites More sharing options...
AbsolutSurgen Posted October 2, 2018 Share Posted October 2, 2018 Quote Link to comment Share on other sites More sharing options...
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