Nexon was an early adopter of features that have become common in the industry including in-game virtual currencies and the free-to-play business model. "Nobody can define it and most importantly they can't define why it's so darn great," Mahoney said. Nexon has assiduously avoided the frenzy around the "metaverse" that has gripped tech giants Microsoft and Facebook. Mahoney hopes to leverage Nexon's experience in operating "live games" - updating titles while they are running - to launch big budget titles with a Western sensibility, such as the free-to-play shooter game "ARC Raiders," from Embark Studios.Įmbark's founder, Patrick Soderlund, once led Dice, the company that developed the "Battlefield" franchise and was acquired by Electronic Arts (EA.O) when Mahoney was head of mergers and acquisitions there. They are also discussing a game or virtual world inspired by "Battle of the Planets," an iconic Japanese anime show from the 1970s that AGBO is developing as a feature film. These talks are still in preliminary stages, cautions one source with direct knowledge of the situation. The two companies are in early talks on adapting Nexon franchises such as "MapleStory" and "Dungeon and Fighter," which have rich lore and passionate fan bases. "Our vision, which aligns well with Nexon's, recognizes that audiences have come to expect real immersion in the IP they care most about," said AGBO CEO Jason Bergsman. Nexon is working with AGBO to explore ways to extend its game franchises to film or television and develop virtual worlds or video games inspired by AGBO's movies. "The idea overall with that is to combine what we're really good at - making a virtual world last and grow forever - with what they're really good at," Nexon's chief executive, Owen Mahoney, told Reuters. In 2022 it invested $400 million for a minority stake in AGBO, the independent studio founded by Anthony and Joe Russo, the creative duo who directed Marvel's "Avengers: Endgame" and "Avengers: Infinity War." Last year it completed the acquisition of Stockholm-based Embark Studios, whose founder led development of the hit "Battlefield" franchise. Nexon Co Ltd (3659.T) - little known outside Asia - is one of the world's 10 largest video game companies by market capitalization its $22 billion valuation is larger than Take-Two Interactive, the company behind "Grand Theft Auto," or Roblox. The game's description on Steam says players will wield tools and gadgets to outsmart the enemy and use physics to their advantage for success.Īrc Raiders is set to come out in 2022 for PS5, Xbox Series X/S, and PC.TOKYO/LOS ANGELES, June 13 (Reuters) - The Japanese creator of one of the longest-running online role-playing titles, whose most popular video game has attracted nearly a billion registered users, is gearing up for global expansion and setting its sights on the West. The trailer ends by saying: "They will never stop coming," and shows an armored baddie with red eyes rising. In one cool scene, a character launches toward the giant being and chucks a grenade right at its center. You are playing as the underdog and must work together with your team to shoot off enemy parts and make sure everyone stays alive. But then the trailer shows humongous mechanized beings that take up the entire screen, giving the fights a David versus Goliath feel. Plenty of gunfire and explosions naturally ensue. With Robyn's "Dancing On My Own" serving as the trailer's anthem, we were introduced to deadly mechanized threats coming from space that must be brought down with the cooperation of your squad. Embark took to The Game Awards to unveil its project, Arc Raiders, offering our first big look at the game in action. Arc Raiders is an upcoming free-to-play cooperative shooter by Embark Studios, which is comprised of previous DICE employees who worked on the Battlefield series.
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