Com2uS explained

Com2uS
Location City:Seoul
Location Country:South Korea
Industry:Video games
Parent:Com2uS Holdings
Homepage:Official website

Com2uS 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.

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

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.

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

Name! scope="col"
LocationAcquired
Day7Seoul, South Korea2019[23]
Nova FactorySeoul, South Korea2019[24]
Mana CoreSeoul, South Korea2019[25]
Com2uS Tygem (formerly Dongyang Online)Seoul, South Korea2020[26]
Tikitaka StudioSeoul, South Korea2020[27]
Out of the Park DevelopmentsBerlin, Germany2020[28]
allmSeoul, South Korea2021[29]
FunFlowSeoul, South Korea2021[30]

Games

Summoners War

The Walking Dead

Other

Discontinued

External links

Notes and References

  1. Web site: shoops. 2021-06-23. Sauvez les animaux marins en voie d'extinction : Com2uS organise une campagne de protection de l'environnement pour les 7 ans de Summoners War !. 2021-07-19. Lev3lup.be. fr-BE.
  2. Web site: 2021-06-21. Com2uS launches 'Summoners War' global environmental protection campaign. 2021-07-19. Korea IT Times. ko.
  3. Web site: Com2uS Corporate :: Company | iPhone Games, iPod Touch Games, iPad Games, Android Games . Global.com2us.com . 2013-10-04.
  4. Web site: Gamevil Just Bought Com2uS For Roughly $65m. Eli. Hodapp. October 4, 2013.
  5. Web site: GAMEVIL COM2US Japan、『サマナーズウォー: Sky Arena』『サマナーズウォー:ロストセンチュリア』でクロスイベント開始！. 2021-07-19. Social Game Info. ja.
  6. Web site: Summoners War clears $1 billion in lifetime revenues three years after launch. Ric. Cowley. pocketgamer.biz.
  7. Web site: Summoners War-Entwickler Com2uS startet Operation: Rette die Meerestiere! - PIXEL.. 2021-07-19. www.pixel-magazin.de. de-DE.
  8. Web site: COM2US、『サマナーズウォー：ロストセンチュリア』で新規スペシャルモード実装や夏コンセプトを適用したシーズン3アップデートを実施. 2021-07-19. Social Game Info. ja.
  9. Web site: GAMEVIL COM2US Japan、『サマナーズウォー:ロストセンチュリア』でアップデート実施！ 「親善大会」や 新規モンスター2種も実装. 2021-07-19. Social Game Info. ja.
  10. Web site: Sheehan. Gavin. 2021-06-22. Summoners War: Sky Arena Reveals Seventh Anniversary Milestones. 2021-07-19. Bleeding Cool News And Rumors. en.
  11. News: 2011-06-27. @ CTIA: mDisney: Development Deal With Korean Game Company Com2uS; Fall Games Lineup. The Washington Post. 2008-09-10. Kapko, Matt.
  12. News: Com2uS "guides" developers not to use its trademark Tower Defense. https://web.archive.org/web/20101129201058/http://www.pocketgamer.biz/r/PG.Biz/Com2uS%2Bnews/news.asp?c=17997. 2010-11-29. Jordan. Jon. 25 January 2010. PocketGamer.biz. 27 January 2010. dead.
  13. News: Com2uS "guides" developers not to use its trademark Tower Defense. Jordan. Jon. January 25, 2010. PocketGamer.biz . https://web.archive.org/web/20130530143312/http://www.pocketgamer.biz/r/PG.Biz/Com2uS+news/news.asp?c=17997 . May 30, 2013.
  14. Web site: Slashandburn/Mgate Labs. "Tower Defense" is now up for CP Infringement. Touch Arcade. May 8, 2015. January 21, 2010. live. https://web.archive.org/web/20150518081915/http://forums.toucharcade.com/showthread.php?t=42234. May 18, 2015. mdy-all.
  15. Web site: Com2uS partners with US entertainment company to create 'Walking Dead' mobile game. 2020-01-30. www.ajudaily.com. en. 2020-02-25.
  16. Web site: 2021-10-18 . Com2uS invests ￦350 billion in media, gaming companies . 2023-09-26 . . en.
  17. Web site: Gamevil is officially renaming itself to Com2uS Holdings. 2021-11-30. www.gamingonphone.com. en.
  18. Web site: Chang-won . Lim . 2022-03-28 . Game developer Com2uS acquires controlling stake in K-pop platform MyMusicTaste . 2023-09-26 . www.ajudaily.com.
  19. Web site: Park . Danny . 2023-09-22 . South Korea’s Kakao, Com2Us wind down metaverse units . 2024-03-04 . forkast.news . en-US.
  20. Web site: Tan . Cindy . 2022-08-09 . Firefly Games Partners with The Sandbox and Com2Us to Form MetaWorld Entertainment . 2024-03-04 . NFTgators . en-US.
  21. Web site: 2022-11-01 . Com2uS acquires 4.2 percent stake in SM Entertainment . 2023-09-26 . . en.
  22. Web site: 2024-01-18 . Game publishers cancel titles, cut employees as economy struggles . 2024-03-04 . . en.
  23. Web site: Day 7 . Com2uS .
  24. Web site: Nova Factory . Com2uS .
  25. Web site: Mana Core . Com2uS .
  26. Web site: Com2uS Tygem . Com2uS .
  27. Web site: Tikitaka Studio . Com2uS .
  28. Web site: Out of the Park Developments . Com2uS .
  29. Web site: allm . Com2uS .
  30. Web site: FunFlow . Com2uS .
  31. Web site: Kelly . Erron . The Walking Dead: All-Stars is officially out . GamesBeat . GamesBeat . 14 April 2023.
  32. Web site: Kelly . Erron . The Walking Dead: All-Stars is officially out . VentureBeat . GamesBeat . 14 April 2023.
  33. Web site: Kelly . Erron . The Walking Dead: All-Stars is officially out . GamesBeat . GamesBeat.
  34. Web site: Bunn . Glenn . Walking Dead: All Stars - New TWD Survival RPG Revealed . Screenrant . Screenrant.

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