Lionsgate Invests Millions in Next Games

Film company Lionsgate Entertainment has invested an undisclosed amount of capital in Finish developer Next Games. Next Games is a game studio based in Helsinki, Finland that was formed last year by former Rovio, Disney and Supercell developers. The studio raised $6 million in its first round of public funding, and is currently working on a free-to-play mobile game based on AMC's The Walking Dead show called No Man's Land and another undisclosed project.

"Gaming is a logical next step in extending our content portfolio, and we're very excited about the potential of our partnership with Next Games," said Peter Levin, who is in charge of Lionsgate's Interactive Ventures and Games division. "We see them as a prolific source of the next generation of games, creating exciting and engaging properties based on our franchises as well as new content that we develop together."

Next Games' first round of funding was backed by China’s IDG Capital Partners, Lowercase Capital and York Ventures. While Lionsgate did not disclose the size of its investment in Next Games, Variety – citing a source familiar with the situation – pegs the amount at around $2 million.

Source: Gamasutra

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