Disney has Sold FoxNext Games to Mobile Publisher Scopely
After rumors of Disney selling FoxNext Games surfaces last year, the mobile developer is officially being acquired by mobile publisher Scopely.
In a report from Variety, Disney has sold FoxNext Games to Scopely, a mobile games developer and publisher.
Scopely will be acquiring the studio’s Los Angeles studio which has 200 employees. While it isn’t known how much the deal cost, it’s expected to close within the next few weeks.
FoxNext Games is well known for developing Marvel Strike Force in 2018, a mobile RPG that brought in over $150 million dollars in its first year. Additionally, the studio is developing Avatar: Pandora Rising, an upcoming multiplayer strategy game based off the Avatar film franchise from James Cameron.
As for Scopely,they’ve released mobile games such as Star Trek: Fleet Command and The Walking Dead: Road to Survivial. Scopely plans to sell Cold Iron Studios, which develops PC and console games. The reasoning behind this is because Scopely’s main focus is on developing and releasing mobile games.
“We have been hugely impressed with the incredible game the team at FoxNext Games has built with Marvel Strike Force and can’t wait to see what more we can do together,” says Tim O’Brien, chief revenue officer at Scopely. “It’s a great deal for Scopely and aligns perfectly without M&A Strategy.”
Once the acquisition is wrapped up, Aaron Loeb, president of FoxNext Games, will join Scopely in an executive role. Additionally, Amir Rahimi, FoxNext Games’ senior VP and GM, will be the president of FoxNext Games Los Angeles.
“I’m extremely proud of what our talented team at FoxNext Games has built and accomplished in just a few years, and look forward to joining forces with the impressive team at Scopely, who have a well-deserved reputation as one of the preeminent companies in the free-to-play space,” says Loeb.
As Disney made their acquisition of 20th Century Fox official last year, one of the companies they acquired was FoxNext. With Disney not wanting a footprint in the games industry, it’s not surprising they’d want to sell off the company, with rumors of this circulating last September.
“Both FoxNext Games and Scopely are committed to bringing beloved worlds to life through interactive gaming experiences designed to be played for years to come,” says Rahimi, “and we believe this shared focus, coupled with our businesses’ unique strengths and Scopely’s expertise across multiple game genres, will lead to even greater success in the future.”