"Venture capital continued to flood mobile gaming Tuesday as publisher Sorrent Inc. announced it raised $20 million in its latest round of funding.Granite Global Ventures led the Series D round, with current investors BA Venture Partners, New Enterprise Associates, Globespan Capital Partners and Sienna Ventures joining. Under terms of the funding, Granite Global Ventures Managing Director Hany Nada will join Sorrent's board of directors."
[RCR Wireless]
How many more wireless gaming companies are going to flood the market? Sure the model is proven (a la Jamdat) and it certainly works but there surely will be pricing pressure on the apps down the road - it's just a matter of time - and the gaming companies are only as good as their next game, as wirelss game app lifespan is not that long (unless there is a brand name or sticky title).
No comments:
Post a Comment