
Six to eight titles planned for Q1 2008 across a number of platforms
Dutch development and publishing operation Playlogic will be looking to strengthen its position in the market after a massive cash injection to the tune of $12.3 million.
The firm received the equity through a private placement from investors.
“We announced a $10 million private placement on the 25th of April and after receiving the final payment, this placement is now closed,” Playlogic’s Rogier Smit told MCV.
“The proceeds of the private placement were used to reduce the company’s debt position. We are also using the money to finance new games and enhance our working capital position.”
When asked if the cash would be used to spearhead any further expansion in the UK, Smit continued: “As always, publishing great titles is our primary goal for next year. In the first quarter of 2008 Playlogic expects to release six to eight titles worldwide on various platforms.”
Advertisement
Recently, Playlogic announced that it is in the process of working with SCEE on an original title for the PS3, collaborating with the format holder’s London office.
Comments
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 27
Modern Warfare 2 already pirated? 26
Activision praises retail and promises fair play on MW2 18
First MW2 pre-orders arrive 16
Tesco sells Xbox 360 games for £3.97 11
EA: PES is struggling 8
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
Playlogic secures $10m funding boost 1
Playlogic reports profits hike
Playlogic granted PS3 publishing license 1
Playlogic targets new IP for PS3 1
New UK games firm emerges
PlayV lands in UK with a bang 4
Playlogic’s Q3 revenue drops 70% 1
Playlogic appoints new Business development Director 1
PlayLogic signs with Koch 1
Playlogic launches new digital platform 1
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets














