Our latest coverage of Media and Games Invest.
Media and Games Invest, the parent company of Gamigo and KingsIsle, has posted its 2022 financial report that shows a shift away from premium MMO games and toward digital advertising. The report revealed that MGI is pivoting its strategy to focus on mobile and casual games, which offer better opportunities for in-game advertising and more significant growth potential than desktop-based [...]
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Big video game holding firms continue to divvy up video game companies amongst themselves Media and Games Invest (MGI) acquires yet another studio. MGI, which also happens to be Gamigo’s parent company, has bought Spanish mobile game developer and publisher AxesInMotion to the tune of €55 million, or roughly $58 million, with up to €110 million in potential payouts until [...]
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Media and Games Invest Group, Gamigo’s parent company, have bought 8% of Enad Global 7, the company that now owns Daybreak Games. The purchase makes MGI the second largest shareholder of EG7 which, according to the former, gives them a strategic minority position in the company. Meanwhile, both MGI and EG7 have both been in the spotlight recently with Daybreak’s [...]
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In October 2018, Redwood City-based Trion Worlds was acquired by German video game company Gamigo. Apparently, Gamigo itself has just undergone a major corporate restructuring based on an overlooked press release last February that a RIFT player recently came across. According to the press release, Media and Games Invest, Gamigo’s major stockholder bought an additional 1.05 million shares thereby increasing [...]
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