After The Last Guardian shipped in 2016, director Fumito Ueda found himself in a fortunate position. Despite the game lingering in development for more than a decade, and despite its reception not reaching the acclaim of Ueda’s earlier work, players loved the vision. And the game industry was ready to sign him to a new publishing deal. Only one problem: He wasn’t sure he wanted one. At least, not right away. Following The Last Guardian’s release, Ueda says he met with several publishers and could have taken an offer to fund a new project. His team GenDesign could have staffed up, hired external help and moved quickly into production, similarly to how Ueda had approached projects in the past. But he and his team had something else in mind. Instead of jumping into a publishing deal right away, they wanted to give their ideas room to breathe. “There was a lot of new game ideas that popped up during our extended production period on The Last Guardian, and we really … [Read more...] about Meet Kowloon Nights, the group funding Fumito Ueda’s next game
Akre focus fund
Gree has rebranded and expanded its virtual reality fund as it gears up for a second round of investments. The 'GVR Fund' was launched back in April 2016 to help virtual and augmented reality developers find their feet. Gree initially only committed $12 million to the program, but eventually went on to sink $18.3 million into 17 companies, primarily based in North America. Now, the Japanese outfit wants to broaden the initiative to include more mixed and augmented reality projects. As such, it will now be known as the 'GFR Fund,' and will focus on investing in various early-stage virtual, augmented, and mixed reality startups. "We believe that virtual and augmented reality have the power to alter people's lives by completely changing the way of interaction between people and computer which has been trapped in small, square screens," reads the GFR Fund website. "We help talented entrepreneurs, who share … [Read more...] about Gree rebrands VR fund as focus shifts to mixed and augmented reality
Gree has rebranded and expanded its 'GVR' virtual reality fund as it gears up for a second round of investments. The $12 million fund was launched back in April 2016 to help virtual and augmented reality developers find their feet, but with that wad of cash nearly spent, Gree wants to broaden the program to include more mixed and augmented reality projects. With that in mind, the initiative will now be known as the 'GFR Fund,' and will look to invest a hefty $18 million in early-stage virtual, augmented, and mixed reality startups. "We believe that virtual and augmented reality have the power to alter people's lives by completely changing the way of interaction between people and computer which has been trapped in small, square screens," reads the GFR Fund website. "We help talented entrepreneurs, who share the same passion and value with us, expand their businesses globally." You can find out more about the retooled program over on the GFR Fund website. … [Read more...] about Gree expands VR fund as focus shifts to mixed and augmented reality
A few weeks ago, a subsidiary of Atari announced that it was considering a port of RollerCoaster Tycoon to the Nintendo Switch, to be funded through equity investment. Not just any equity investment, but a newly available type of investment made possible by the Jumpstart Our Business Startups (JOBS) Act. The legendary video game company, founded in 1972 by Nolan Bushnell and Ted Dabney, is synonymous with the explosive growth of arcades and titles like Pong and Missile Command. It’s equally synonymous with the collapse of the video game industry in the 1980s. So what is one of the most recognizable names in gaming doing using a crowdfunding platform intended to support entrepreneurs and startups? Polygon reached out to Atari Game Partners, and the StartEngine platform, to find out what’s going on here. What is StartEngine? StartEngine was founded by Howard Marks, the co-founder of Activision and for a time the CEO of Acclaim. His new company is an equity investment … [Read more...] about What is Atari doing funding RollerCoaster Tycoon on an equity crowdfunding platform?
Despite the tepid gaming community’s response to RollerCoaster Tycoon World on PC — a game with an unusually negative Steam review score of 5/10 — Atari is trying to crowdfund a similar project for Nintendo Switch. Developed by Nvizzio Creations and published by Atari, the game has had sweeping post-launch issues, a fact that is burdening their current campaign to raise $1,070,000 for the Nintendo Switch launch of RollerCoaster Tycoon Switch. And in the wake of some of those concerns, Atari has answered some lingering questions. First (and normally more important to gamers at large) is what happens if Atari doesn’t manage to meet their $1.07M funding goal? Unlike Kickstarter goals, StartEngine is investment focused — the funding goal listed does not necessarily need to be reached. In fact, the actual investment document notes that $1,070,000 is actually their maximum offering — they only required $10,000 to pass the minimum funding … [Read more...] about Atari Discusses RollerCoaster Tycoon Switch, Launching Regardless of Target Funding Goal