The team behind QTech Games, one of Asia’s fastest-growing games distributors, has announced the launch of GameFactory, an embryonic global gaming studio aiming to invest in and recruit up-and-coming studios from across the globe.
After an initial US$3 million money-raise for proof of concept, which is already underway, GameFactory intends to acquire or form partnerships with a series of gaming studios and empower them to continue developing their games independently, while GameFactory handles sales through a central sales force utilizing its existing distribution model. The concept backed by an existing compliance and administration framework in addition to EU and UK licences.
Global CEO Markus Nasholm said the typical investment will have between five and 10 games live, preferably generating revenues, and can pertain to a portfolio of games, standalone game titles or exclusive distribution in certain markets.
The concept was devised after witnessing the exponential rise in the number of game development studios in recent years, QTech said. GameFactory now seeks to form a studio group of some 10 to 15 rising stars of iGaming with which it will grow their combined global footprint.
GameFactory’s ultimate objective is to become the leading casino content provider on the market – a studio-group offering a wide variety of top-quality games and regular releases.
