RPGFan


GameArts Joins Forces with GungHo Online Entertainment
05.20.04 - 8:48 AM

GameArts has announced a business partnership and capital tie-up with GungHo Online Entertainment. GameArts today issued new shares through a third party allocation, which where then acquired by GungHo. Thereby GungHo becomes GameArts' second largest shareholder, holding a 11.93% in the developing studio. The investment will be used to jointly plan and develop online games. While these games will be managed by GungHo, details regarding other services for instance, have yet to be revealed.

Despite having an impressive trackrecord of having produced two high profile game series in Lunar and Grandia, the upcoming projects will mark GameArts' first forray into online game development. GungHo Online Entertainment manages the Japanese operations of Ragnarok Online and the adult-themed MMORPG A3.


Back
Chris Winkler





Featured Content
Pillars of Eternity Review
Pillars of Eternity
Review
Blackguards 2 Review
Blackguards 2
Review
Random Encounter Episode 93
Random Encounter Episode 93
Podcast
Story of Seasons Review
Story of Seasons
Review
Xenoblade Chronicles X Preview
Xenoblade Chronicles X
Preview
Etrian Mystery Dungeon Review
Etrian Mystery Dungeon
Review
Music of the Year 2014: Day Seven
Music of the Year 2014
Day Seven
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes