Dave Jones says APB could generate revenues in the hundred millions

Dave Jones says APB could generate revenues in the hundred millions
Michael French

By Michael French

April 15th 2008 at 3:19PM

GTA creator and CEO of Realtime Worlds explains plans to spend $50m investment and says new MMO APB will launch in 2009

After yesterday confirming his studio has received a whopping $50m investment, GTA creator and Realtime Worlds CEO Dave Jones has said he hopes his team's upcoming MMO APB will 'significantly' boost the studio's turnover.

Jones explained to the Scotsman that the team expects the investment to generate a signifcant ROI: "If we have a big success with APB on the scale of, for example, World of Warcraft, then we could be looking at hundreds of millions of pounds. It just depends what happens after we launched it."

The report estimates the studio's current turnover as around £5m.

"We want to launch APB in 2009, which will be pretty much worldwide – including the Asian markets. This is our first big online game," he added.

Yesterday the company confirmed its series B funding round had generated $50m - it announced in late 2006 that it had secured some $30m also.

Jones said: "Securing funding of this size from partners that are leading the financial and marketing communications industries further affirms Realtime Worlds' position as one of the most creative, respected and successful game development companies in the world."

An in-depth Q&A with Jones will appear here at Developmag.com very soon.