Social studio Backstage bought by RealNetworks
Thursday, 16th September 2010 at 2:38 pm
Firm behind the RealPlayer says social is games’ growth sector
Internet media firm RealNetworks has acquired Canadian social games studio Backstage Technologies.
Terms of the deal were not announced.
Backstage, which helped develop the Facebook version of Family Feud, has been added to RealNetworks' digital games division, GameHouse.
“As we transform RealNetworks, we will focus on areas with strong revenue growth and profit potential that will realize the value of our core businesses,” said Bob Kimball, CEO of RealNetworks.
“The most compelling growth opportunity in games today is social games, and this acquisition is part of our commitment to make our entire GameHouse business social.”
© Develop 2013. All rights reserved.