Fremantle’s Ludia to invest $30 million for expansion plans

MUMBAI: On the heels of the global success of its latest title, Jurassic World: The Game, FremantleMedia’s mobile and online game developer Ludia is planning to invest a sum of $30 million to support the expansion of the Montreal studio and team.


Additionally, the company will also be creating 100 new positions as it begins work on four new franchises, expanding its portfolio. The expansion of the Montreal studio will allow the 100 new hires to join the 300 employees already assigned to different projects.


“We are thrilled with today’s news as it clearly demonstrates the tremendous growth and achievements Ludia has experienced. Such an investment in resources, infrastructure and renowned intellectual properties is a testament to the quality of Ludia’s work and the growth of the mobile and online games industry,” said Ludia Inc president and CEO Alex Thabet.


These new licenses will allow Ludia to take on more projects with a broader consumer appeal and reach a larger and more varied fan base in the range of casual to mid-core games.


One of its most recent successes, Jurassic World: The Game, launched on 30 April, 2015, and generated close to $25 million in gross revenue in the month following the movie release. This makes Jurassic World: The Game Ludia’s biggest launch in the studio’s history. 


“Montreal is a major player in the gaming industry, and as online and mobile platforms become more popular, our talent pool and infrastructure is increasingly attractive to world-class studios. Ludia is clearly a leader in the online and mobile space. Montreal is fortunate to play host to an innovative, growing industry leader,” said Montreal International president and CEO Dominique Anglade.


“In 10 years, Montréal’s video game industry has experienced an annual average growth of 22 per cent from 1,200 to 8,900 jobs. Companies like Ludia, at the forefront of innovation and creativity, have supported the creation of these high-value jobs, in a promising sector of our economy. Their many successes highlight Montréalers’ expertise around the world and help position the city as a world capital of digital entertainment,” said Mayor of Montréal and Montréal Metropolitan Community president Denis Coderre.


Ludia is also known for its online and mobile games based on franchises like Dragons: Rise of Berk and Family Feud.

Latest Reads
BIG Magic acquires 'Boonie Bears' exclusive FTA rights

BIG Magic has acquired exclusive FTA rights of ‘Boonie Bears’, the No.1 and most popular animated series in China. BIG Magic has renamed it ‘Babloo Dabloo’ for the Hindi viewing audience. Babloo Dabloo airs every Monday – Sunday 10 am – 11 am & 5 pm – 6 pm only on BIG Magic

Television TV Channels GECs
PBL: Setting stage for next big thing on Indian sporting landscape

India has witnessed the emergence of a multi-sports culture over the past few years. This significant development has come on the back of a promising display by Indian sportspersons across various disciplines, the meteoric rise of home grown leagues and the consequent widening of the fan base of...

Television TV Channels Sports
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories