Vidgame venture liftoff

RealNetworks pacts for online games

Online music and gaming company RealNetworks is joining with several prominent media execs to fund a new company that will import Asian online videogames to the U.S. market.

OGPlanet’s investors include former Disney Online prexy and RealNetworks exec Richard Wolpert; Peter Levin, CEO of digital media firm BellRock Media; Mark Surfas, founder of vidgame media company GameSpy; and former RealNetworks exec Andrew Wright.

Sangchul Park, formerly an exec with Korea’s LG Corp, is heading up OGPlanet, which has already taken over U.S. operations for Albatross 18, a PC-based multiplayer online game that’s been a hit in Asia.

Unlike most multiplayer online games, such as the ultra-popular “World of Warcraft,” OGPlanet’s games won’t carry a subscription fee. Instead, in a manner similar to cult U.S. hit “Second Life,” Netco plans to earn revenue through the sale of “virtual products” in the game worlds, as well as advertising.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Marketplace

    Leave a Reply

    No Comments

    Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s

    More Digital News from Variety

    Loading