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, Montr?al?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 Montr?alers? expertise around the world and help position the city as a world capital of digital entertainment,? said Mayor of Montr?al and Montr?al 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.

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