No doubt you've seen the logo before while viewing the epic latest feature film to hit the box office, the movie giant is looking to expand its interactive sector through videogames. Paramount Studios is currently looking at some games that it will partially if not completely finance and directly overlook development for.
The studio is looking to invest in all types of videogames but at first will focus on casual, handheld such as the DS and PSP and mobile games. This is more than likely due to the fact that these games cost a few million dollars to develop compared to upwards of 20 million dollars as it does to develop for a home console.
"We are entering into deals now where we will be publishing games this year," said Sandi Isaacs, Par's senior veep of interactive and mobile. "There's going to be a slate where in some cases we're publishing, in some cases we're co-publishing, or in others we're funding development and another publisher buys it. It's important for us to have a flexible model." At this stage there is no word on exactly what games they will be publishing or co-publishing but their first title is expected to be released later this year.
Paramount will continue to license out its movie properties to other companies as it has done in the past as its games division is only interested in new licenses and catalogue titles.
Source: Varitey.com
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