#nextfloor

[sanctchuary-blog]

I would say that I made an attempt to convince the Mayor of Los Angeles that South Central L.A. must be delegated and separated from the rest of Los Angeles County AND that I must be it's mayor... I begin by speaking it into existence... For now, I would say, I am the Honorary Mayor of South Central LA 😏 (All those in favor say Aye... The Aye's have it!) • Mayor Garcetti @mayorofla Thanks for the wisdom that was shared that day. #trade #investment #behumble #losangeles #ca #element #patbrowninstitute #publicaffairs • • P.S. Food for thought...: "We are the generation that must throw everything into the endeavor to remake America into WHAT WE SAY WE WANT IT TO BE." - (Research and read who wrote these words... think about it and then keep reading..) #believe As much truth as one can bear #nextlevel #nextfloor #tron #fbf #southcentralla #mayorofla #mayorofscla #pbiannualconference #tradepolicy #lasc @pat_brown_institute @lasccougars (at South Central LA, Los Angeles, California)

[kasprutz]

Rita @ Destiny Child

Attribute : Darkness Restraint-oriented Five star-born Designed by Hyulla

© NextFloor Games

[ct3ch]

South Korea fines game studios over deceptive loot box odds

South Korea fines game studios over deceptive loot box odds

The uproar over in-game loot boxes is leading to some real financial penalties — in South Korea. The country’s Fair Trade Commission has fined Nexon, Netmarble and NextFloor a total of 1 billion won (about $945,200) for allegedly deceptive loot box promotions. The regulator asserted that each of the studios either hid poor odds for obtaining in-game items with the purchases, or else advertised…

[sacredworld-blog]

#escalator #upordown #zebrajellyfishphotography #nextfloor

[indiegamefiend-blog]

Indie Releases of the day include Loyalty and Blood: Viktor Origins by Shorebound Studios // Next Hero by NextFloor Basement Lab Corp. // and Pato Box by Bromio // Check them out!

[sleeepwalker-mfr]

The girl nextfloor

[livioacerbo]

Chat app Line’s games business raises $110M for growth opportunities

Messaging app firm Line has given up majority control of its Line Games business after it raised outside financing to expand its collection of titles and go after global opportunities. The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor, the Korea-based game publisher that it acquired in …

Continue reading "Chat app Line’s games business raises $110M for growth opportunities"

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[un-enfant-immature]

Chat app Line’s games business raises $110M for growth opportunities

Messaging app firm Line has given up majority control of its Line Games business and raised outside financing as it seeks to expand its collection of games titles and look at global expansion options.

The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor, the Korea-based game publisher that it acquired in 2017. Now the business has taken on capital from Anchor Equity Partners, which has provided 125 billion KRW ($110 million) in financing via its Lungo Entertainment entity, according to a disclosure from Line.

A Line spokesperson clarified that the deal will see Anchor acquire 144,743 shares to take a 27.55 percent stake in Line Games. It looks like those are from existing investors since Line Corp confirmed that its own shareholding will be reduced from 57.6 percent to a minority 41.73 percent stake.

Korea-based Anchor is best known for a number of deals in its homeland including investments in e-commerce giant Ticket Monster, Korean chat giant Kakao’s Podotree content business and fashion retail group E-Land.

Line operates its eponymous chat app which is the most popular messaging platform in Japan, Thailand and Taiwan, and also significantly used in Indonesia, but gaming is a major source of income. This year to date, Line has made 28.5 billion JPY ($250 million) from its content division, which is primarily virtual goods and in-app purchases from its social games. That division accounts for 19 percent of Line’s total revenue, and it is a figure that is only better by its advertising unit, which has grossed 79.3 billion JPY, or $700 million, in 2018 to date.

The games business is currently focused on Japan, Korea, Thailand and Taiwan, but it said that the new capital will go towards finding new IP for future titles and identifying games with global potential. It is also open to more strategic deals to broaden its focus.

While Line has always been big on games, Line Games isn’t just building for its own service. The company said earlier this year that it plans to focus on non-mobile platforms, which will include the Nintendo Switch among others consoles.

That comes from the addition of NextFloor, which is best known for titles like Dragon Flight and Destiny Child. Dragon Flight has racked up 14 million users since its 2012 launch, at its peak it saw $1 million in daily revenue. Destiny Child, a newer release in 2016, topped the charts in Korea and has been popular in Japan, North America and beyond.

Line went public in 2016 via a dual U.S.-Japan IPO that raised over $1 billion.

[workfromhom]

Chat app Line gets serious about gaming with its latest acquisition

Line, the company best-known for its popular Asian messaging app, is doubling down on games after it acquired a controlling stake in Korean studio NextFloor for an undisclosed amount.

NextFloor, which has produced titles like Dragon Flight and Destiny Child, will be merged with Line’s games division to form the Line Games subsidiary. Dragon Flight has racked up 14 million users since its 2012 launch — it clocked $1 million in daily revenue at peak. Destiny Child, a newer release in 2016, topped the charts in Korea and has been popular in Japan, North America and beyond.

Line’s own games are focused on its messaging app, which gives them access to social features such as friend graphs, and they have helped the company become a revenue generation machine. Alongside income from its booming sticker business, in-app purchases within games made Line Japan’s highest-earning non-game app publisher last year, according to App Annie, and the fourth highest worldwide. For some insight into how prolific it has been over the years, Line is ranked as the sixth highest earning iPhone app of all time.

But, despite revenue success, Line has struggled to become a global messaging giant. The big guns WhatsApp and Facebook Messenger have in excess of one billion monthly users each, while Line has been stuck around the 200 million mark for some time. Most of its numbers are from just four countries: Japan, Taiwan, Thailand and Indonesia. While it has been able to tap those markets with additional services like ride-hailing and payments, it is certainly under pressure from those more internationally successful competitors.

With that in mind, doubling down on games makes sense and Line said it plans to focus on non-mobile platforms, which will include the Nintendo Switch among others consoles, from the second half of this year.

Line went public in 2016 via a dual U.S.-Japan IPO that raised over $1 billion.

Understanding Line, the chat app behind 2016’s largest tech IPO

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[demianblog]

El negocio de juegos de la aplicación de chat de Line recauda $ 110 millones para oportunidades de crecimiento -

El negocio de juegos de la aplicación de chat de Line recauda $ 110 millones para oportunidades de crecimiento –

[ad_1]

Firma de aplicaciones de mensajería Línea ha renunciado al control mayoritario de su negocio de Line Games después de haber obtenido financiamiento externo para ampliar su colección de títulos y buscar oportunidades globales.

El negocio de Line Games se formó a principios de este año cuando Line fusionó su división de juegos existente de NextFloor, el editor de juegos con sede en Corea…

[kasprutz]

Kepri @ Destiny Child

Attribute : Darkness Offense-oriented Five star-born Designed by Hyulla

© NextFloor Games

[dizzedcom]

Chat app Line’s games business raises $110M for growth opportunities

Chat app Line’s games business raises $110M for growth opportunities

Messaging app firm Line has given up majority control of its Line Games business after it raised outside financing to expand its collection of titles and go after global opportunities.

The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor, the Korea-based game publisher that it acquired in 2017. Now the business has taken on capital…

[nuttytriumphenthusiast-blog]

Chat app Line’s games business raises $110M for growth opportunities – TechCrunch

Chat app Line’s games business raises $110M for growth opportunities – TechCrunch

Messaging app company Line has given up majority keep an eye on of its Line Games business and raised out of doors financing because it seeks to increase its number of games titles and take a look at international enlargement choices.

The Line Games business was once shaped previous this yr when Line merged its current gaming department from NextFloor, the Korea-based recreation writer that it…

[saltysuittaco-blog]

Chat app Line’s games business raises $110M for growth opportunities – TechCrunch

Chat app Line’s games business raises $110M for growth opportunities – TechCrunch

Messaging app company Line has given up majority keep an eye on of its Line Games business and raised out of doors financing because it seeks to increase its number of games titles and take a look at international enlargement choices.

The Line Games business was once shaped previous this yr when Line merged its current gaming department from NextFloor, the Korea-based recreation writer that it…

[uidesignworks]

Destiny Child

iOS & Android, NextFloor, 2016

[nbntv-blog]

Chat app Line gets serious about gaming with its latest acquisition – TechCrunch

Chat app Line gets serious about gaming with its latest acquisition – TechCrunch

[ad_1]

Line, the company best-known for its popular Asian messaging app, is doubling down on games after it acquired a controlling stake in Korean studio NextFloor for an undisclosed amount.

NextFloor, which has produced titles like Dragon Flight and Destiny Child, will be merged with Line’s games division to form the Line Games subsidiary. Dragon Flight has racked…