Com2uS
Com2uS (Korean: 컴투스) is a South Korean mobile and online game development/publishing company established in 1998.[1] Com2uS develops games for Android, iOS, and other platforms.[2] The company's corporate offices are located in the United States, Korea, Japan, and China.
| KRX: 078340 | |
| Industry | Video games |
| Founded | 1998 |
| Founders |
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| Headquarters | , |
| Parent | Com2uS Holdings |
| Website | Official website |
In 2007, Com2uS was listed on KOSDAQ.[3] On October 4, 2013, Gamevil acquired a majority stake in Com2uS for a little over $65 million.[4][5]
Com2us launched Summoners War in 2014 and subsequently went on to earn more than $1 billion in revenue from the game in over three years.[6][7][8][9][10] The results sky-rocketed the stock price of the company to over 1.3 trillion won as of April 2019.
History edit
Com2uS Corporation was founded in 1998 by Korea University students Jiyoung Park, Youngil Lee, and Yu Jin (Gin) Hyeon, who developed games for mobile devices.
On September 10, 2008, the mobile game division of Disney (Disney Interactive) made a deal with Com2uS in which the latter would develop games for the former to publish and distribute in the United States. Disney Puzzle Family was the first game developed under the agreement, which was released later that month. The next title with Disney Interactive, Disney Game Parade, was released the following year.[11]
In 2008, Com2uS registered a trademark for the term "Tower Defense". Many developers who make tower defense games have changed their games because of this, including Ninja Kiwi's games in the Bloons Tower Defense series.[12] During early 2010, some developers in Apple's App Store affected by this change had reported receiving messages asking them to change names of games, citing trademark violation.[13][14]
On October 4, 2013, Gamevil acquired 21.37% of Com2us for $65 million.[4]
In January 2020, Com2uS teamed up with Skybound Entertainment, a U.S. entertainment company, to create a mobile game based on The Walking Dead series.[15]
On October 18, 2021, Com2uS announced that it had invested a total of 350 billion won ($295 million) in media and gaming companies that year.[16] Investments included acquiring 13.7% of Wysiwyg Studios in March, and an additional investment in August bringing its total stake in the company to 38.11%. Earlier in the year, In February 2021, Com2uS became the second-largest shareholder in Devsisters with a total 14.88% stake. Com2uS also acquired 2.1% stake in K bank, as well as investments into Allm, Grampus, Jungle Studios, Whynot Media, and Mediacan.
On November 30, 2021, Gamevil changed its corporate name to ‘Com2uS Holdings’ after 21 years in order to strengthen its holding role and increase cooperation with other affiliates in hopes of increasing its reach at a time of rapid global expansion.[17]
On March 28, 2022, Com2uS announced the acquisition of My Music Taste controlling a 58.5% stake in the company.[18]
The company launched its metaverse platform Com2Verse in July 2023, but began downsizing two months later after operating at a net loss.[19] In August, Com2uS partnered with Firefly Games, The Sandbox, and Formless Capital to form MetaWorld Entertainment, a new venture that would focus on Web3 experiences.[20] On November 1, 2022, Com2uS acquired a 4.2% stake in SM Entertainment.[21] In January 2023, Com2uS began looking for employees to voluntarily resign.[22]
In January 2024, following an extended period of operating at a loss, the company began asking for voluntary resignations as it looked to cut "a two-digit number of people."[22]
Studios edit
| Name | Location | Acquired | Ref(s). |
|---|---|---|---|
| Day7 | Seoul, South Korea | 2019 | [23] |
| Nova Factory | Seoul, South Korea | 2019 | [24] |
| Mana Core | Seoul, South Korea | 2019 | [25] |
| Com2uS Tygem (formerly Dongyang Online) | Seoul, South Korea | 2020 | [26] |
| Tikitaka Studio | Seoul, South Korea | 2020 | [27] |
| Out of the Park Developments | Berlin, Germany | 2020 | [28] |
| allm | Seoul, South Korea | 2021 | [29] |
| FunFlow | Seoul, South Korea | 2021 | [30] |
Games edit
Summoners War edit
The Walking Dead edit
Other edit
Discontinued edit
References edit
External links edit
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