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Gamevil announces $10M partner fund for developers, revamps their social game platform as well.

It seems Gamevil knows that, even though they have many in-house hits themselves, helping developers and buying IPs can also be very successful. With that said, Gamevil has announced a $10M partner fund for developers to strength their list of quality smartphone games.

The $10 million fund will be to continue their current success they have had with purchasing games or partnering with game developers to have their games released under the Gamevil name. So far, almost each one release has been a hit which includes titles like Kami Retro and Touchmix. This isn’t including their iOS hits as well such as Air Penguin.

Gamevil has already started using this fund to acquire exclusive publishing and partial intellectual property (IP) rights of the Cartoon Wars series of games which include Cartoon Wars, Cartoon Wars Gunner and Cartoon Wars 2, just to name a few. While all this is great for developers, gamers were not left out of their recent announcement either.

Gamevil Live, their social game platform, was also announced that it will be revamped. After Gamevil Live is revamped, it will be rolled out onto currently published titles and hints at even including it in their Zenonia game. No more details were really given as to how or what will be revamped in Gamevil Live though nor was any sort of date given as to when it will roll out. As always, full press release below for all the details.

There are a lot of companies with developer funds and more will come as well in the near future. It is a very good time to be a mobile game developer.

Developer Website: Gamevil

 

GAMEVIL Partner Fund to invest $10M USD in Developers

LOS ANGELES, CA — June 29th, 2011 — GAMEVIL, a leading mobile game publisher and developer, announced it will invest $10 million in creating various forms of partnerships with external developers as it looks to strengthen its global reach and lineup of quality smartphone game titles. The internally-sourced fund marks the company’s strong commitment to a vision of rewarding growth and meaningful external partnerships.

As part of the initiative, GAMEVIL has recently acquired exclusive publishing and partial intellectual property rights of the         ‘Cartoon Wars’ series, including titles such as Cartoon Wars, Cartoon Wars Gunner and Cartoon Wars 2 which have garnered a significant global fan base over tim

Since the end of last year, GAMEVIL has already partnered with more than 10 different external developers and games in varying forms of investments and global publishing agreements. The expanded library of successful titles from all genres and platforms include games like Air Penguin, Chalk n’ Talk, Colosseum, KAMI RETRO, TouchMix, and Train City. Of note, Air Penguin has become a hit title reaching the number one spot on Apple’s App Store at its peak.

GAMEVIL has also announced that its social game platform, GAMEVIL Live, will be revamped and rolled out onto published titles in the coming months and begin to tap into a greater audience. The service will leverage a sizable number of users worldwide including fans of in-house hit games such as the ZENONIA and Baseball Superstars series

“As the market expands with smartphones at its center, partnering with promising and exceptional external developers has become more important,” said Yong Kuk Lee, Chief Financial Officer of GAMEVIL. “By working together with these creative developers and combining GAMEVIL’s understanding of the global smartphone game market, we will carve out success and growth for everyone involved.”

For more details, please visit www.gamevil.co

About GAMEVIL

GAMEVIL(R) is a premier mobile game publisher located in Seoul, Korea and Los Angeles, USA. Established in 2000, GAMEVIL has earned a reputation as one of the best companies in the mobile games sector by crafting award winners in a diverse portfolio of games. GAMEVIL is well known for revolutionizing the sector with its original and innovative mobile games, backed by unparalleled expertise in advanced mobile technology. As a world class leader in mobile games publishing, GAMEVIL continues to lead the sector with a commitment to establish mobile as the definitive mass market entertainment platform of the world. GAMEVIL is currently listed on the KOSDAQ Market (Ticker: 063080, Bloomberg: 063080:KS, Reuters: 063080.KQ)

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