MTG looks to the mobile game dev space with $55m Kongregate acquisition

first_imgModern Times Group (MTG) has acquired cross platform games publisher Kongregate in a deal worth $55m (£43.3m). Emily Greer, KongregateMTG is of course heavily involved in esports. It acquired a majority stake in Turtle Entertainment in 2015, which itself has both ESL and DreamHack under its umbrella. The full MTG press release on this acquisition can be found here.  Kongregate CEO Emily Greer said: “As those strategic discussions evolved, MTG emerged as our preferred partner. They share our values and support our mission to nurture the growth of independent game developers and player communities. They are excited about our direction and are uniquely positioned to support us as we continue to push into new and exciting areas of the gaming industry.”The company was founded in 2006 but since 2010 Kongregate has been owned by GameStop and in that time they’ve brought over 40 games to mobile. With the MTG backing it the company is now looking to expand and has open positions ready to view on its jobs section. The US company has offices in both San Francisco and Portland, and currently boasts 80 employees. Kongregate reportedly attracts ‘up to 14 million monthly active users across platforms’ and it’s moving into first party game development. More news from the press release was that it is expected to generate sales of at least $50m in 2017. This purchase by MTG follows on from its majority stake acquisition of Hamburg based online games developer InnoGames. Jørgen Madsen Lindemann, MTG President and CEO stated: “This investment is in line with our strategy to invest in relevant, complementary and scalable digital content and communities. Online gaming is one of our three digital entertainment verticals, and we are establishing a presence in a gaming industry expected to be worth some USD 130 billion in 2020, of which mobile gaming is the fastest growing segment.”Esports Insider says: The mobile gaming space is already huge and growing fast. Kongregate’s proven success in this market suggests this is a sensible move by MTG. As for what it means for mobile esports, for now that’s anybody’s guess but with the owners of ESL and DreamHack acquiring a mobile games publisher and developer, it can’t hurt.last_img read more

Tomka To Join Drake Athletics As Associate Athletics Director For Development

first_imgDES MOINES, Iowa – Drake University athletics has hired Des Moines native Patrick Tomka as associate athletics director for development, director of athletics Sandy Hatfield Clubb announced Friday, May 27.Tomka is set to join the Bulldogs following a nine-year tenure in the front office of the National Football League’s Washington Redskins with the last five years spent in executive roles. Most recently, he was the organization’s senior vice president of business operations and executive entertainment for one year. Prior to that he was a vice president for three years and a senior director for a season. He has also spent extensive time in higher education as an adjunct professor of sports management and marketing at Marymount University.”I would like to thank Sandy Hatfield Clubb for this exciting opportunity to be a part of Drake athletics and Drake University,” Tomka said. “I have a tremendous amount of respect for Sandy, the athletic program and University. It was apparent throughout this process that Drake places a very high priority on its student-athletes’ academic and athletic success and living the Bulldog Way. I look forward to working with the staff, coaches and friends of Drake University.”Tomka assumes his new role at Drake University on June 6.”I am thrilled to announce that Patrick Tomka has joined the Bulldog Family as our new associate athletics director for development,” Hatfield Clubb said. “In addition to serving as our lead fundraiser, Patrick will oversee the athletics business office and partner with me to advance all financial aspects of the department.”While in the Washington front office, Tomka was directly responsible for more than $24.5 million in new team business and managed the franchise’s business development, revenue retention, corporate partnership and VIP hospitality initiatives.Prior to his promotion an executive-level position, Tomka served more than three years as a senior account executive of premium seating for the organization. In that role, he was the team’s top sales executive all three years and generated more than $3.7 million in new revenue and executed multi-year leases on premium seats.Tomka received his bachelor’s degree in business administration with a double major in accounting and finance from the University of Iowa in 2006. He also received a master’s degree in sports studies for Iowa in 2008 and served as a graduate assistant in the Iowa athletic department and assisted the director of premium seating.Print Friendly Versionlast_img read more