Media reported that Disney had just resold The FoxNext Games game studio in Los Angeles and Cold Iron Studios in San Jose to the mobile entertainment company Scopely. The content giant bought 21st Century Fox for $71.3 billion last year, taking the two gaming studios into the pocket, but Disney has not completely stripped Fox of its entire game lineup.
(Details of the terms of the acquisition are not disclosed by both parties)
The company clarified that the separate Fox IP licensed game portfolio is not part of the deal and will continue to be part of Disney’s licensed gaming business.
In March 2018, FoxNext Games launched its first game, MARVEL Strike Force. In a year, it earned $150 million on iOS and Android platforms.
In early 2019, the studio launched another Storyscape game that offers a free-to-use adventure in the world of “The X-Files” or “Titanic.” (As part of Fogbank, the acquisition is not included)
The studio recently launched a large-scale real-time strategy and social game, “The Rise of Pandora”, based on the setting of Avatar’s movie world.
According to Sensor Tower, MARVEL Strike Force has been downloaded more than 26 million times so far, and Storyscape has more than 1.7 million installs. As for Avatar: The Rise of Pandora, which is under development, there are currently fewer than 100,000 downloads.
In addition, FoxNext’s website says it is about to launch a series of games based on the alien movie world. In 2018, FoxNext acquired Cold Iron Studios.
Tim O’Brien, Chief Revenue Officer at Scopely, said he was impressed by the MARVEL Strike Force created by the FoxNext Games team.
Mergers and acquisitions will further expand our product portfolio and deliver an unforgettable experience in product play. It is happy to see the combination of two world-class teams, full of expectations for a better future.
Scopey is understood to have earned more than $1 billion in the summer of 2019 and last year acquired DIGIT Game Studios, the developer of Starship Voyage: Fleet Commander and Kingdom Leader.