September 18 2007
London, UK, 18 September 2007, Emote Games a specialist Production Company established to take advantage of the immense opportunities in cross platform games development has received an investment of£4 million from venture Capital firm, Electra Quoted Management Limited (Electra Quoted). This initial investment will assist in funding organic growth and Emotes industry investment portfolio. Electra Quoted has also undertaken to make further funds available throughout the companies' growth strategy.
As development costs and production values continue to increase it becomes more important to challenge the risk vs. return profile of each game investment to ensure all viable publishing opportunities are exploited to maximise the exposure of a title.
Working with brand owners and developers to grow and leverage IP, Emotes unique business model looks to address the challenges created by the transition from retail to download and from hardware to virtual publishing platforms.
The rising popularity in digital publishing platforms such as Home, and the proliferation of connected hardware devices, means opportunities within publishing and distribution have evolved. The Emote model is set to bridge the widening media divide and take advantage of these opportunities by offering proven industry expertise, technology infrastructure and production finance for the development of a diverse range of projects across multiple platforms.
"Amid the rapid convergence of entertainment types in a maturing download market, the time is right for the introduction of the production based model, said Morgan O'Rahilly, CEO, we are looking to assist our partners in exploiting their I.P. both operationally and financially. This initial investment from Electra Quoted Management will enable us to deliver our strategy and take advantage of these current market opportunities".
Emote intends to build the business through a combination of strategic partnerships to produce a balanced mix of projects based on established and emergent intellectual property. With several major projects already underway emote are looking to acquire brand and development partners to fulfil its production capacity.
For more information visit www.emotegames.co.uk
About Emote Games Limited
Emote Games Ltd. is a specialist Production Company formed to work with IP, brand owners and developers to grow intellectual property, maximise distribution and take advantage of the immense opportunities in cross-platform development and digital distribution
Emote offers finance for the development and production of a range of projects across a variety of formats. With several projects already underway Emote are looking to acquire brand and development partners in order to fulfill its production capacity.
About Electra Quoted Management Limited
Established in 1981, Electra Quoted is a specialist asset management company offering a range of investment products for retail and institutional investors.It concentrates on both the quoted and unquoted UK smaller companies arena and as at 31 December 2006 Electra Quoted had funds under management of over£140m.
For more information visit www.electraquoted.com
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