Entertainment giant picks up India media house behind El Shaddai, Deadly Premonition via stock delisting.
Disney can now add El Shaddai and Deadly Premonition to its stable of franchises. Disney has announced it has acquired Ignition Entertainment parent company UTV Software Communications.
In August, reports suggested Disney was interested in buying out the India-based media company, which it already owned a majority stake in. UTV is the parent company of Ignition Entertainment, publisher of games like El Shaddai, Deadly Premonition, and Quarrel, which released last week on Xbox Live.
Disney will delist UTV's remaining shares from the stock market, enabling the company to fold UTV's business into its own. As part of the deal, Disney will also pick up UTV's Indiagames, which is one of the country's top mobile game companies.
UTV CEO Ronnie Screwvala has been named managing director of Disney India and will report to Andy Bird, Walt Disney International chairman.
"With the middle class expected to grow from 50 million to more than 500 million people by 2025, this market offers huge potential for us to deliver quality branded entertainment to consumers," he said.
It is unclear how this acquisition will affect Disney's gaming strategy moving forward. Disney's own gaming arm, Disney Interactive Studios, shut down Blackrock (developer behind Pure and Split Second) in July and Propaganda Games (Tron: Evolution) last year.
I just love reading how these big corporations like to buy smaller companies right after they get rid of one or two that they already owned. I think there should be a law that if you close company A, and then buy company B less than 3 years later, the employees of B that used to work at A get a huge bonus for ruining their friggin' life.
You know the games Ignition put out don't exactly fit the "Disney mold" even pixar had to tone down their movies.
Looks like we'll be getting less niche Japanese games now. Well, to be honest, considering the localization ATROCITIES Ignition has committed this may be a good thing. *Thinks of Lux-Pain, Muramasa, and Arc Rise Fantasia and shudders*
I never played any of those games. Not sure why Disney would waste their money on that company. They were better off keeping Blackrock studio open instead and create some new IP's. I understand why Propaganda Games was shut down. Tron game was complete (it sucked) and there was no need keeping them around. "Pure" & "Split Second" were great games though. Blackrock was a good asset if you ask me. Acquiring UTV was just stupid. I don't see them lasting long.
Well it was nice knowing you Ignition. How long before Disney cans them like they did Blackrock Studios.
I still feel closing down Blackrock Studios was not a good judgement on their path. Eventhough the sales were lack-lusting but split/second set the path ahead for destructible driving games which Motorstorm 3 based themselves upon.
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