Reliance Games has announced the acquisition of two gaming companies in Japan and Korea, marking its foray into two of the world’s top-five mobile gaming markets. Through this acquisition, the company has acquired a 100% stake in the gaming division of Funnel Japan along with its team and all the games under development.
The company has also acquired a 51% stake in Busan, Korea-based gaming studio Bluesom Inc, which will develop games for both Japan and Korean markets. Both the acquisitions have been carried out by a new company created for this purpose, Reliance Big Entertainment Japan Co. While Funnel Japan is a game distribution company with around 10 people, Bluesom is games studio with around 35 employees.
Commenting on the acquisition, Manish Aggarwal, chief executive of Reliance Entertainment Digital said,”We have purposefully gone for a joint venture. The local founding team and gaming talent play an important role, and we wanted to retain them through their stakes.”
He further added,”India is a very small market which grosses under $100 million a year. Our focus and vision is to be amongst top 10 leaders in the international gaming markets of the US, UK, China, Japan and Korea.”
Reliance will be launching the first mobile game in Japan by next month and two more by June-July. It will also be launching its Hollywood IP-based localised games for these markets.