West will join Jam City’s board after the deal is done. Eric Schmidt, Betsy Atkins, and Denmark West are affiliated with DPCM at the board, management, and advisory levels.
The SPAC is DPCM Capital, which is led by Emil Michael, Uber’s former chief business officer. Jam City has been adding AI and machine learning to Jam City Live to make it better and it believes plugging Ludia’s games into the tech infrastructure will help them grow. He believes Ludia’s games can benefit from Jam City Live, the centralized service that helps titles grow in terms of retention, monetization, and user acquisition. And we have a very similar corporate culture.” “We believe that they’re one of the most creative mobile game studios in the market. “We’ve known Alex and the team for many years,” DeWolfe said. Fremantle, the big television production firm and owner of American Idol, acquired a majority stake in Ludia in 2010. Alexandre Thabet is the CEO of Ludia, and the company was founded in 2007. Now it adds one more studio with Ludia and nearly 400 employees, for a total close to 1,225 employees.
Ludia will also add Jurassic World: Alive, Dragons: Rise of Berk, Lovelink, Jurassic World: The Game, Dragons: Titan Uprising, Warriors of Waterdeep, and Teenage Mutant Ninja Turtles.īefore the acquisition, Jam City had more than 825 employees and nine studios at the end of the first quarter. Jam City’s games have been downloaded 1.3 billion times to date, and the company has 31 million monthly active users. Hit titles include Cookie Jam, Panda Pop, Harry Potter: Hogwarts Mystery, Disney Emoji Blitz, and Family Guy: The Quest for Stuff. They started Jam City in 2010 and have guided it to become one of the biggest mobile game companies with close ties to Hollywood.Īmid a sea of competition on mobile devices, the company thrived on casual games that people play for short amounts of time. Josh Yguado started the company with DeWolfe and remains its president.