Cash, Investment

The Foundry Group Invests in New Harmonix IP

March 27, 2013 -

Harmonix has secured funding for three of its upcoming products from Colorado-based capital venture firm The Foundry Group, according to Polygon. The firm generally invests in companies that are in the business of "human computer interaction," and its last high profile investment land at Zynga.

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Four Days Remain to Fund Project Awakened

March 1, 2013 -

Project Awakened, a game that lets you play a highly customized super being of your own making is nearing the half-way mark of its funding goal on Kickstarter but only four more days remain for developer Phosphor Games Studio to raise the rest of the funds. As of this writing, Phosphor Games has raised $210,596 of its $500,000 goal from 5,324 backers.

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Chris Roberts' Star Citizen Crowd Funding Campaign Raises over $8 Million

February 15, 2013 -

Chris Roberts' Star Citizen has surpassed the $8 million dollar funding mark from several sources including over $2.1 million on Kickstarter alone. That milestone is leaps and bounds above the original pitch for $500,000. The PC based space sim from the man behind Wing Commander, Privateer and Freelancer continues to break new ground for a crowd funded game, raising more than a half million dollars in February alone.

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Kickstarter Goes Mobile on Apple Devices

February 14, 2013 -

Popular crowd funding platform Kickstarter has launched an app for iOS devices today that allows users to have more streamlined access to their favorite projects. The app promises the community the ability to "discover new projects, watch project videos, and get updates from projects and your friends." For project creators looking to get some funding from the community the app allows you to "stay connected with your backers, track your project’s progress, and post updates from wherever you are."

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Report: 'Notch' Helped Fund Age of Wonders 3

February 13, 2013 -

According to a Eurogamer report detailing how Triumph Studios came to be developing Age of Wonders 3, it was revealed that Mojang co-founder and Minecraft creator Markus "Notch" Persson was very instrumental in making it all happen.

The whole thing started when Triumph kept seeing a blurb mentioning Age of Wonders in the Minecraft title screen. After sending Persson a demo of the game they all managed to work something out:

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Wildman Kickstarter Cancelled

February 11, 2013 -

With only four days left to earn the other half of its $1.1 million funding goal, Gas Powered Games boss Chris Taylor decided to end the WildMan Kickstarter Campaign.

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Mobile Game Publisher GREE Announces New Partner Funding Program

February 5, 2013 -

Mobile game developer and publisher GREE announced details on a new $10 million fund to invest in and foster long-term relationships with "talented developers in the free-to-play mobile games industry." The fund is appropriately called the GREE Partners Fund, and will be administered by GREE International’s VP of Publishing and Partners, Jim Ying. The fund will allow GREE to invest an aggregate of $10 million through equity investments of $1 million or more.

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CasinoRPG Hits Kickstarter Funding Goal

February 5, 2013 -

With just two more hours to go in its Kickstarter campaign, Goldfire Studios has managed to go slightly over its funding goal of $20,000 for its gambling-based MMORPG, CasinoRPG. As of this writing the Kickstarter raised $20,161 from 197 backers. The next step for the persistent virtual world gambling game is a private beta test, though some of that testing will likely be tied to various reward tiers.

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PC Maker Dell Going Private With the Help of Microsoft

February 5, 2013 -

Dell has officially gone from being a publicly traded company to a privately owned firm with the help of a $2 billion loan from Microsoft. Given that Microsoft makes the top operating system for the platform, I suppose they have a vested interest in one of the PC market's biggest players staying healthy. Dell completed the terms of the deal that will take the company private, buying out stockholders at $13.65 a share in a $24.4 billion deal.

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CasinoRPG Nears Kickstarter Goal, With One Day to Go Before Deadline

February 4, 2013 -

As mentioned by E. Zachary Knight on Episode 39 of the Super Podcast Action Committee, today is the last day to contribute to the Kickstarter for Oklahoma City, Oklahoma-based Goldfire Studios' Vegas-themed MMORPG CasinoRPG.

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GameStick Kickstarter Closes at $647K

February 1, 2013 -

No one can deny that PlayJam's Kickstarter campaign for its GameStick Android console has proven successful, though not as successful as that other Android-based console Ouya. The Kickstarter campaign closed with $647,658 - $547,658 more than it was seeking with its original goal of $100,000 (the Ouya closed with nearly $8.6 million raised).

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Monaco Developer Call Kickstarter Stretch Goals 'Total Bullsh*t'

January 29, 2013 -

Indie game developer Andy Schatz thinks that stretch goals for all these Kickstarter crowd funding campaigns are "bullshit." Speaking recently to Penny Arcade Report, Schatz said that Kickstarter stretch goals are total bullshit and can lead to unnecessary new game features, the developer of the upcoming indie game Monaco said that the use of "stretch goals" - the promise of more game features if a certain amount of money is generated

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Wildman Kickstarter Stalls With 17 More Days to Go

January 29, 2013 -

At its current trajectory, Gas Powered Games' Kickstarter crowd funding campaign for its game Wildman will not be funded if it can't raise around $44,000 a day for the next 17 days. As of this writing the Kickstarter is at $352,827 of its $1.1 million goal. That leaves an outstanding funding deficit of $747,173...

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Gas Powered Games' Wildman Kickstarter Inching Towards $280K

January 21, 2013 -

Gas Powered Games is on its way to staying alive, as its Kickstarter campaign for its latest game Wildman heads towards the $280,000 mark. Late Friday Chris Taylor posted a video on the Kickstarter page explaining that he had to lay off most of the company's staff and that the only way to save the company and hire those people back could be the Kickstarter campaign for its single and multiplayer action RPG. Since that appeal GPG has raised right around $69,000.

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Gas Powered Games Hit By Layoffs, Company's Future Relies Heavily on Wildman Kickstarter Success

January 19, 2013 -

After multiple reports from various sources revealed that a majority of the staff at Gas Powered Games had been laid off, Chris Taylor took to the Internet to comment. Apparently Taylor and a few employees are the only ones left at the studio behind such titles as the Dungeon Siege series, Demigod, and Supreme Commander. Recently Taylor and company launched a Kickstarter for a new game called Wildman but concerns over its early performance cause Gas Powered Games, who is short on cash, to lay off its staff.

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Gas Powered Games Raises Nearly 10 Percent of Wildman Funding in One Day

January 15, 2013 -

Chris Taylor's and Gas Powered Games' Kickstarter for their MOBA-style action RPG strategy hybrid Wildman is well on its way to raising the $1.1 million it is seeking on the crowd sourcing site from the community. Yesterday after the announcement I posited on Facebook that they would need to raise at least $50,000 a day to be well over their goal in the time remaining (around $1.6 million).

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Gas Powered Games Launches Kickstarter Campaign for 'Wildman'

January 14, 2013 -

Gas Powered Games founder Chris Taylor today launched the official Kickstarter campaign for his next big game called Wildman. Taylor and GPG are seeking $1.1 million in funding for the development of what he calls an action game that combines some of the best elements of his previous titles including Dungeon Siege, Supreme Commander and Demigod. Taylor is best known for creating the ultra popular real-time strategy game Total Annihilation while at Cavedog Entertainment.

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American McGee Seeks $200K To Finish Akaneiro

January 4, 2013 -

According to Kotaku, game designer American McGee and his company Spicy Horse Entertainment need more money to finish the development of their free-to-play action-role-playing game set in ancient Japan that combines role-playing and Japanese culture with a grim retelling of the Little Red Riding Hood fairytale.

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GameStick Surpasses Kickstarter Funding Goal

January 4, 2013 -

While there has been some speculation that the Android-based mini-console GameStick will have a hard time competing with the likes of Ouya, that hasn't hampered the enthusiasm of the community. The Kickstarter for the tiny little stick-based Android device designed to simply plug into the HDMI port of most modern high definition television sets has easily destroyed its funding goal of $100,000 in a little over a day and a half.

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GameStick Seeks Funding for Tiny Android-Based Home Console

January 2, 2013 -

It looks like the Android-based Ouya will have some competition. A Kickstarter funding campaign for PlayJam's "GameStick" has launched asking the community to help it raise $100,000 to bring its mini gaming console devices into full production. The GameStick is being billed as a home console that plugs directly into the HDMI slot of most major modern high definition televisions.

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Barkley 2 Kickstarter Sails Past $120K Stretch Goal

December 31, 2012 -

The Kickstarter for Barkley 2, the follow-up to the 2008 hit indie RPG Barkley, Shut Up and Jam: Gaiden, closed its crowd funding campaign just over the amount it needed to get fully funded, reports Polygon.

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Black Isle Studios Tries Unique Crowd-Funding Model for 'Project V13'

December 20, 2012 -

Black Isle Studios, a label of publisher Interplay, is trying something a little different: it is asking the community to crowd-source a "proof of concept" prototype of its post apocalyptic strategy role-playing game, Project V13. Funding tiers include $10, $20 and a Top 20 contributor tier for anyone who pledges more.

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Electronic Frontier Foundation Receives $500K from Markus Persson and Mark Cuban

December 20, 2012 -

The Electronic Frontier Foundation (EFF) has received $500,000 in funding from Minecraft creator and Mojang co-founder Markus "Notch" Persson and serial entrepreneur (and Dallas Mavericks owner) Mark Cuban. Both donated $250,00 each to help the advocacy group fight for patent reform in Washington, according to GII. Cuban is also a star on the popular ABC television show "Shark Tank."

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Dizzy Returns Developers Admit They Won't Hit Kickstarter Funding Goal

December 14, 2012 -

Another day, another failed Kickstarter campaign. This time it is "Dizzy Returns," the brainchild of former Blitz Games developers Philip and Andrew Oliver, who finally and quite publicly threw in the towel today. The brothers admitted that their Dizzy Returns Kickstarter would likely fall short of its £350,000 goal - a goal that many in the community questioned and the brothers tried to defend shortly after they pitched the game idea on Kickstarter.

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Code Hero Developer Finally Responds to Backer Complaints

December 13, 2012 -

Yesterday The Escapist shined a spotlight on the Kickstarter project Code Hero, which managed to garner a lot of support from backers. The game, which promised to teach users how to create a game was asking for $100,000.

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Why Guitar Hero 7 Was Canned: Big Ambitions, No Money

December 6, 2012 -

Yesterday we reported that Activision and developer Vicarious Visions had been working on Guitar Hero 7, but a report today from Kotaku citing an anonymous source close to the situations says that the game was a hot mess and overly ambitious.

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Fitness MMO Company Gets Seed Funding from BVM Capital

December 3, 2012 -

BVM Capital announced that it has made a seed round investment in health and fitness gaming company Fitness Interactive Experience (FIX). FIX is dedicated to making fitness and health fun, accessible and socially connected using massively multiplayer online games.

Pixel Academy Seeks Funding to Continue Teaching Children Video Game Design and More in NYC

November 27, 2012 -

Pixel Academy, a New York City-based company founded by former Lead Game Designer at Nickelodeon (Mike Fischtha) has been conducting workshops for children ages 8-12 all over the city at locations such as homes and public libraries. These workshops teach children video game design, 3D printing, Arduino fashion design, and other fun technology based courses.

Don Daglow Suspends Kickstarter Campaign for Tony La Russa's Baseball With Fans

November 27, 2012 -

Veteran game designer Don Daglow wanted to make a smartphone-based baseball game called Tony La Russa's Baseball With Fans so he launched a Kickstarter appeal to raise $249,000. Unfortunately after only a week of activity, the project only managed to bring in about $2,440 of that goal from 23 backers.

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Kickstarter CEO: No Plans for IPO, Selling the Company

November 6, 2012 -

Popular crowd funding site Kickstarter has no plans or interest in becoming a publicly traded company, according to CEO Perry Chen. The company, which recently expanded into the United Kingdom and has managed to drive nearly $350 million into 76,000 projects since April 2009, is backed financially by a number of investors including Union Square Ventures, Betaworks and a number of angel investors.

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Matthew Wilson@wond dont forget creative assembly. sega still has a big pc part.05/05/2015 - 5:11pm
WonderkarpI saw that. I feel like Sega is on the verge of just becoming 100% Atlus. Atlus is selling like crazy and the buzz for Persona 5 is high. Especially in my house05/05/2015 - 4:58pm
Matthew Wilsonhttp://arstechnica.com/gaming/2015/05/05/for-first-time-ever-sega-wont-have-a-booth-at-e3/ sega is not having a both at e3 this year. yet another Japanese developer pulling back.05/05/2015 - 4:44pm
Andrew EisenSorry, got pulled away. To expand on that, I believe the NX is much too far away for Nintendo to delay Zelda until its launch.05/05/2015 - 4:39pm
Andrew EisenNo.05/05/2015 - 4:16pm
Wonderkarphey Andrew, got a question. do you think Nintendo will pull a Wii and delay Zelda onto their "new console" like they did with Twilight Princess?05/05/2015 - 4:15pm
Wonderkarpand it said it was submitted but i never saw anything05/05/2015 - 4:11pm
Wonderkarpno. i sent info regarding that "games dont make people sexist" study from Germany.05/05/2015 - 4:07pm
MGI love how people try to use "white knight" as a negative. Yes, please call me the chivalrous defender of the weak, the innocent, and the downtrodden. The reverse of calling someone the white knight means he/she is this http://tinyurl.com/o4sv8kr05/05/2015 - 4:06pm
Andrew EisenAnyway, I'm checking into the Submit News button. Were you getting an error or something?05/05/2015 - 4:06pm
Wonderkarpalright Andrew.05/05/2015 - 4:05pm
MechaCrashThat would require him to make even the barest attempt to educate himself before shooting his mouth off.05/05/2015 - 4:03pm
Andrew EisenOh for crying out loud, stop sniping at each other. Find an issue to discuss instead. Preferably something other than what you think about one another.05/05/2015 - 4:01pm
MechaCrashYour feeble attempts to salvage your pride are not being bought by anybody. Go cry to whatever circlejerk about how the mean ol' SJW persecuted you just because you're a hypocrite who claims to be about ethics and then displays none.05/05/2015 - 3:57pm
Wonderkarpwant me gone? Sure, I'll leave. you can be the brave white knight who slayed the fish to appease those who look down on you. *clap clap*05/05/2015 - 3:54pm
WonderkarpOnly reason I came back was to make sure a story got reported here. I was going to use the submit news button but that doesnt work. I pop in time to time, dont comment. Why I'm commenting now? Boredom most likely. Boredom and Venting.05/05/2015 - 3:52pm
MechaCrashAt this point I'm wondering how much of this you'll take before you throw another tantrum and LEAVE FOREVER for the third time.05/05/2015 - 3:47pm
MechaCrashHaha, do you really think I'm the only one who holds you in contempt for misattributing and then complaining about a video you refuse to watch? It's just that I'm willing to be blunt enough to call you on it.05/05/2015 - 3:46pm
WonderkarpIt bottles down to I dont care what you think of me, MechaCrash.05/05/2015 - 3:42pm
Wonderkarpits like "I'm not a racist because I have a black friend and dance around the words I say" and it isnt your general feelings05/05/2015 - 3:38pm
 

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