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November 14, 2006
EVE Online's Icelandic Creators Enfold White Wolf
Iceland's CCP, which operates the online platform for role playing games known as EVE Online, said it completed a merger with White Wolf, a US-based publisher of role playing games [Via paidcontent.org].
Both are privately-owned so there was no disclosure on the value of the deal, but it sounds more like an acquisition than a merger to us: White Wolf is going to operate as a "wholly owned subsidiary" of CCP. And Hilmar Petursson, CEO of CCP, will be CEO of the combined company, while Mike Tinney, president of White Wolf, will continue as president of the independent subsidiary.
EVE Online claimed 100K subscribers back in February.
If they're each paying $20 a month to play, that means the company is doing about $20M this year in turnover from gaming alone. It also sells merchandise around its games. The addition of White Wolf should boost both the gaming, by adding new titles, and the merchandising sales figures, according to the statement.
Read - Gaming Firms CCP and White Wolf Merge (paidcontent)
Read - Massive Multiplayer Online Role-Playing Game Innovator, CCP Announces Completion of Merger (press rel.)
Posted on November 14, 2006 08:01 AM | Posted to News And Updates | Permalink
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