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Carbonated Games Finds $8.5M

socalTECH

El Segundo-based Carbonated Games , a developer of mobile games, has raised $8.5M Carbonated focuses on developing "highly competitive" games for mobile devices, which are more in line with the hard core games found on consoles and PCs, rather than the more usual casual gaming market. READ MORE>>.

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Machinima Names New GM As Gutstein Leaves

socalTECH

Burbank-based Machinima said last week that it has named Russell Arons , Senior Vice President of Worldwide Marketing of Machinima owner Warner Bros. Arons will now lead Machinima's creative, marketing services, data analytics, business development and operations. Gutstein has been CEO of Machinima since 2014. Warner Bros.

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FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

TechCrunch LA

We have members from all walks of life – from nurses to lawyers, software developers, police officers, makeup artists, fashion designers, dog walkers, interior designers and more.”. Then those members go to the brand partners and can continue on those relationships.”

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Image Metrics Names VP

socalTECH

Santa Monica-based Image Metrics , a developer of facial animation technology and services, said this weekt that it has hired Michael Crigler as its Vice President of North American Sales. Crigler has previously served at Havok, a subsidiary of Intel, as well as Criterion/Electronic Arts, and Database Marketing Group.

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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

In a global mobile games market that is consolidating, Jam City could not be more proud to be working with JPMorgan, Bank of America Merrill Lynch, Silicon Valley Bank, SunTrust Bank and CIT Group to strategically support the financing of our acquisition and growth plans,” said Chris DeWolfe, co-founder and CEO of Jam City.

Mobile 251
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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 “The barrier to entry from independent studios is to find product-market fit,” says Driver.

Mobile 148
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Jam City is setting up a Toronto shop by buying Bingo Pop from Uken Games

TechCrunch LA

The Los Angeles game development studio Jam City is setting up a shop in Toronto with the acquisition of Bingo Pop from Uken Games. The Bingo Pop acquisition will bring a gambling game into the casual game developer’s stable of titles that pulled in roughly $700,000 in revenue through October, according to data from SensorTower.