June 5, 2014
NEXON Co., Ltd.
Secures exclusive worldwide mobile publishing rights to TURBO’s upcoming cross-platform title
TOKYO – June 5, 2014 – NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online games, today announced it has entered into an agreement with TURBO Studios (“TURBO”), an independent game development studio based in Brooklyn, New York, for global mobile publishing rights of their debut title.
Under the terms of the agreement, Nexon will serve as the exclusive worldwide mobile publisher for TURBO’s inaugural cross-platform title expected in 2015. Additional terms of the partnership were not disclosed.
“TURBO shares Nexon’s belief that creating unique, truly fun to play games is the key to player satisfaction and success,” said Owen Mahoney, President and Chief Executive Officer of Nexon. “We are excited by the fresh ideas TURBO brings to game development and thrilled to be partnering with a like-minded studio.”
TURBO was founded in 2013 by a team of industry veterans who believe in building a business around great games. Born from a shared pioneering spirit and desire to bring AAA ambition to mobile game development, TURBO’s talent and leadership is culled from some of the most influential names in gaming, including Nintendo, Sony, Microsoft, CCP, Riot Games, Rockstar Games, Square Enix, LucasArts, OMGPOP, Q-Games, KABAM and Zynga. TURBO’s existing investors include SoftBank Ventures Korea.
“The opportunity to combine our local attitude and creative instincts with the proven expertise, reach and resources of Nexon is tremendous,” said TURBO’s Chief Executive Officer, Yohei Ishii. “Partnering with Nexon lets us retain our focus on our true passion – developing killer core games that people around the world will love. Teaming up with people who understand how to propel our vision globally is invaluable.”
TURBO is attending this year’s Electronic Entertainment Expo in June to discuss their recent milestones and plans for the future. For more information about culture and development at TURBO, visit www.turbostudios.com. To stay up-to-date with the latest from TURBO, follow along on Facebook (www.facebook.com/turbostudios) and Twitter (@turbostudios).
About NEXON Co., Ltd. http://company.nexon.co.jp/
NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play online games. Founded in Korea in 1994, Nexon developed one of the world's first graphics-based massively multiplayer online games. Nexon also pioneered the concept of microtransactions and the free-to-play business model, setting a new standard in which play is free, and users have the option to purchase in-game items to enhance their experience. Nexon currently services nearly 60 online games in more than 100 countries and since its founding, Nexon has generated more than 1.4 billion player registrations. The Company is headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock Exchange.
About TURBO Studios http://turbostudios.com
Founded in 2013, TURBO is an independent game development studio formed by a dream team of industry veterans who believe in building a business around killer games. When we’re not making games, we’re playing games and therein lies the difference.
Gregory Melchior, Corporate PR Team
Corey Wade, Sandbox Strategies
Tel: +1-213-2451 x223