GamesIndustry.biz Newsletter - 30th July 2010

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If anyone harboured doubts about how important social gaming is becoming - and how quickly it is growing into that importance - then this week's acquisition of Playdom by Disney should put an end to them. The media giant is paying out around three quarters of a billion dollars for Playdom - a figure made only more astonishing by the fact that the company is by no means the largest provider of games on Facebook.

Playdom is no minnow, of course, but then again, it's hard to work out how we should be estimating company sizes or even valuations in this brave new world. I'd be stunned if someone paid the best part of a billion dollars for a traditional game publisher whose games I'd never heard of or played, yet that's exactly the status of Playdom. Like most people who follow social gaming, I was aware of the company itself, but I'd never actually encountered any of the games it makes, eclipsed as they are by the success of titles from rival firms such as Zynga and Playfish.

That probably doesn't bother the company's new owners very much, however. Disney's acquisition of Playdom is unlikely to have had much to do with a particular desire to add the firm's IPs, such as Mobsters and Sorority Life, to its own library. Instead, this expensive investment was motivated by two key factors.

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Today's top stories

Valve to release Mac graphics code to developers

08:00 - Pledges to help Steamworks partners create OSX games, and claims 15-20% sales boost for Steam games with Mac versions

SEGA back in black but moving towards social games

12:14 - Net sales up 51.1% thanks to arcades, though consumer continues to struggle

Star Wars producer walks from LucasArts

10:00 - Force Unleashed writer Haden Blackman leaves after 13 years for "new creative challenges"

Today's feature

Magic Playdom

Disney's expensive social gaming acquisition speaks of a company desperate not to be left behind

The rest of today's news

Vietnam's partial ban for online gaming

10:39 - MMO licensing, advertising and night-time play restricted following real-world crimes

Garriott loots $28m from NCsoft

08:14 - Lord British awarded lost profits as court rules on firing case

Zynga Japan founded

09:00 - New studio is a partnership with Tokyo's Softbank, following $150m investment

App Store helps boost Gameloft sales 15%

08:41 - Mobile publisher sees Apple sales rise 113% in Q2

UK retailer Chipsworld goes into liquidation

16:30 - High Street stores close, but franchise outlets and website remain trading

Jobs

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Rest of World -

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Associate Producer - Contracting Opportunity (Game Contractor) - Australia

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