Large information! iCandy Interactive, the large Australian studio behind cell hits like Crab Battle, Masketeers, and Claw Stars, has acquired Lemon Sky, the extremely regarded recreation and animation studio based mostly in Malaysia.
Because of this, iCandy is formally the most important pure-play recreation studio all through Australia and Southeast Asia, with 450 workers and income of A$17 million a 12 months. The acquisition is valued at a large A$44.5 million, fulfilled with money and new shares.
This can be a fairly massive deal if you happen to’re an iCandy investor or a eager follower of the Australian Inventory Alternate. But it surely’s additionally a giant deal if you happen to like cell video games.
iCandy and Lemon Sky, whose groups will probably be totally built-in over time, have some bold plans. Not solely do they intend to develop regionally, however they’ve set their sights on the informal market, the AAA market, the metaverse, and the courageous new world of blockchain gaming.
What are they? Properly, the blockchain is a type of digital ledger that permits avid gamers to personal distinctive in-game objects. This stuff can doubtlessly be used throughout a number of video games, traded, and offered for breathtaking sums of cash.
The metaverse, in the meantime, is a time period for an rising digital universe consisting of digital actuality, augmented actuality, and traditional expertise, the place customers can drop in, hang around, and usually exist in a parallel digital dimension.
iCandy chairman Kin W. Lau calls it, “a very powerful growth for the gaming world”.
It’s the longer term, and iCandy has simply staked a large declare on this daring new frontier.
And the corporate has actually earned its stake. Video games on the iCandy community – which consists of subsidiaries like Appxplore, Inzen Studio, Joyseed Gametribe, and others – are performed by greater than 360 million cell avid gamers worldwide.
Between them these regional studios have amassed a ton of awards, together with Google’s Greatest Play of 2016 and a New Android Glorious Video games Award in 2017.
Lemon Sky, in the meantime, has an extended record of AAA credit, having labored with studios like Blizzard, Naughty Canine, Sq. Enix, and numerous different giants of the video games trade, on video games like Overwatch 2, Diablo 3, and StarCraft: Remastered.
We’re anticipating massive issues, and so must you.