Disney to Acquire Korea’s Studio Ex, Plans to Develop More Games for Asia
The folks over at AllThingsD report today that Disney (NYSE:DIS) will be acquiring Studio Ex, a game developer based out of South Korea, in order to make a push into the Asian market. Terms of the reported deal were not disclosed, but AllThingsD cites Disney’s statement regarding the matter:
The Walt Disney Company has acquired Studio Ex, a games development studio in Korea that focuses on multiplayer, free-to-play online and mobile games. […] Through a stock purchase agreement, Studio Ex is now a wholly owned subsidiary of The Walt Disney Company reporting into Disney Interactive.
While the afore-mentioned report didn’t mention it, this appears to be the same StudioEx whose US subsidiary raised $1.9 million back in 2010. Its Facebook game Galaxy X (aka Pluto Attacks) has a big following, and looks pretty impressive after I gave it a quick test run.
The studio will be working on games for Asia based on Disney intellectual property for Asian markets. (I wonder if this includes the Star Wars franchise too?)
Disney has been active in the Asia region, with its China branch partnering with China Mobile Games and Entertainment on Temple Run: Brave and Where’s My Water, and we also saw the company tie up with Japanese social gaming giant DeNA on Marvel’s War of Heroes.