Playlogic renews SCEE deal

Playlogic renews SCEE deal
Michael French

By Michael French

April 19th 2007 at 3:00PM

Dutch studio Playlogic has renewed its first-party publishing deal with SCEE.

The studio's parent company has also become an official Nintendi Wii publisher.

Playlogic also reported an increase in profit of 71 per cent for the full year ended December 31st, 2006. Gross profit totalled $1.2 million, up from $0.7m in 2005.

Revenues were up a staggering 176 per cent in the same period, from $1.8 million in 2005 to $5 million.

The firm said that the profits rise resulted from increased revenues against increased production costs of $3.8 million, up from $1m the pervious year.

President and CEO of Playlogic Willem M. Smit said: "We expect substantial growth of revenues this year, which will vary in upcoming quarters in accordance with our release schedule. Playlogic has an excellent line-up of titles as well as various new licensing agreements that expand our portfolio of gaming platforms and will increase availability."