THURSDAY, March 28, 2024
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True Corp seeks stakes in game enterprises as it launches Invictus for mobile

True Corp seeks stakes in game enterprises as it launches Invictus for mobile

True Corp group is looking to consolidate its leadership in Southeast Asia’s game market through acquiring stakes in various game enterprises.

Birathon Kasemsri Na Ayudhaya, True Corporation Plc’s chief content & media officer, said on Tuesday that games are today a critical part of global content businesses, valued at about USD 130 billion – higher than the combined value of the film and music industries. 

In Southeast Asia, more than 97 per cent of games consumed in the region are imported intellectual properties. 

With True Group’s advantage in terms of communication infrastructure and the multiple platforms it operates, it seeking to develop or acquire high-quality game products.

In a move to expand its game businesses vertically, True recently invested in a joint venture with Kona Venture Partners from South Korea and in the private equity fund Line Games –True-Kona Global Limited Partnership. True’s objective was to seek opportunities by investing in companies that have targeted the game business and related technology.

True Group is also taking another significant step in unveiling INVICTUS: Lost Soul mobile game, developed by its subsidiary True Axion Interactive (TAI). 

The game will be available for Thai gamers to download from May 8, 2019 on both iOS and Android platforms.

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