These features were rolled out in games such as Nexon's "KartRider" racing game, which has been running for almost two decades - one of what the company calls its "forever franchises." 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. ![]() Sign up for playtesting now.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. When you see another Raider chased by a swarm of ARC drones, do you go in for the kill? Do you lend a helping hand? Or do you hold back and feast on the valuable remains?ĪRC Raiders is an upcoming third-person, PVPVE extraction shooter, set in a lethal future earth. So don't come back from a quest empty-handed. With the traders in Speranza, trust is hard-earned and easily lost. And there are no rules in Calabretta, so beware of other Raiders. ![]() Out there, the stakes are high, and you will have to fight for your loot. Everything from leftovers from yesterday’s run-in with ARC to the unlikely remains of a pinball machine. That’s why you’ve enlisted as a Raider, scavenging for vital supplies that are scattered across the landscape. ![]() But getting those resources is a risky job, and it isn’t for everyone. Demand for resources is at an all-time high. People have fled to the underground colony of Speranza, seeking supplies to survive, and shelter from the machines. About a decade ago, a mysterious mechanized threat appeared here. This place isn’t safe and hasn’t been for a long time.
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