On February 22, 2016, Kabam laid off 8 percent of its company workforce. As the downsizing in April 2015, Kabam shut down a number of older games that were not transferred. On January 7, 2016, Kabam announced it had sold its legacy games and third party-published games to Chinese publisher GAEA Mobile. Aaron Loeb was promoted to president of Kabam Studios and live services, in charge of service quality. Mike Verdu was promoted to president of Kabam Studios and chief creative officer in charge of the publisher’s game design and game quality. In September 2015, Kabam, Disney Interactive, Lucasfilm launch Star Wars: Uprising In September 2015, Nick Earl, president of worldwide studios, resigned. The conflict was resolved to both companies' satisfaction a month later on September 10. On August 13, 2015, Machine Zone, maker of Game of War: Fire Age, sued Kabam for trade secret theft. As a result, a number of Kabam games were shut down, older Kabam games transferred to other companies and Kabam support for third-party games decreased. This allowed its games to be distributed through Alibaba's apps, including Mobile Taobao and the Laiwang messaging app.Īs of April 2015, Kabam is only focused on developing AAA mobile games. Also in June, Kabam shut down servers for The Hobbit: Armies of the Third Age.Īlibaba announced in July 2014 that it planned to invest $120 million in Kabam, giving the company a $1 billion valuation. In June 2014, Kabam hired former EA Mobile VP Aaron Loeb as Senior Vice President of its North American Studios (San Francisco and Vancouver), while at EA Mobile he worked on The Simpsons: Tapped Out and Monopoly Slots, Kabam hoped he would provide a link to Hollywood Studios. A secondary stock sale was agreed at the end of 2013 which valued the company at $700 million, it was also announced at this time that four of its games – led by Kingdoms of Camelot – grossed more than $100 million, with $360 million in revenues for 2013. On September 19, 2012, CEO Kevin Chou announced that Kabam was considering an IPO. On August 3, 2010, Watercooler changed its name to Kabam. On November 2, 2009, Watercooler, launched Kingdoms of Camelot on Facebook.
KABAM WARTUNE HALL OF HEROES SERIES
In October 2009 Watercooler, secured $5.5 million in Series B funding from Betfair, the world’s largest Internet betting exchange, and Canaan Partners, which participated in the company’s Series A funding in 2007. Kabam was founded in 2006 as Watercooler by Kevin Chou, Michael Li, Holly Liu, and Wayne Chan, the company started off focused on building community apps for sports and entertainment fans, amassing more than 25 million users on Facebook and other social networks. 3.2 Games developed by 3rd parties and distributed by Kabam.3.1 Games developed or acquired by Kabam.
In late 2009, Kabam launched Kingdoms of Camelot, one of the first successful strategy games on Facebook, but in June 2010, the number of players began constantly shrinking.Īs of April 2015, Kabam announced a shift in its focus to developing AAA mobile games. The company has focused on developing "real games," or games with immersive gameplay mechanics akin to more traditional MMOs with an emphasis on the spending and gambling of virtual currency. The company's previous investors included Alibaba, Canaan Partners, Google, MGM, Intel, Pinnacle Ventures, Redpoint Ventures, Warner Bros. Kabam markets freemium games for mobile devices, and social networking services. Before expanding into gaming, Kabam established itself as a social applications' developer with entertainment and sports communities totaling more than 60 million users. The company creates, develops and publishes massively multiplayer social games (MMSG’s) such as Marvel Contest of Champions and Transformers: Forged to Fight for mobile devices. with offices in San Francisco, CA and Austin, Texas. Kabam (formerly Watercooler, Inc.) is an interactive entertainment company founded in 2006 and headquartered in Vancouver, BC.
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