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More Chinese WoW Woes
World of Warcraft may be massively successful everywhere else, but the game just keeps taking hits in China. This week, the latest blow was the resignation of the project head from NetEase, Blizzards WoW partner in the territory. No reason has been stated for Li Riqiang’s resignation.
Since the game launched, World of Warcraft has been hampered in China on numerous fronts – most notably due to interference from that country’s General Administration of Press and Publication governing body.
No replacement for Li Riqiang has been named as yet.
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Much Needed Shot in the Arm
A new venture company has been established to give the entertainment and new media industries a shot in the arm. Ergo Media Capital will invest risk capital into new companies operating in those fields, including video game companies.
Ergo will work alongside publishing partners, and will consider both established and emerging markets for funding, which could be as much as US$15 million per investment.
"With revolutionary changes taking place in technology and consumer behaviour, and a historic recession further pressuring traditional business models, the entertainment and media landscape is being reshaped," said Matt Littin, head of Ergo Media Capital and former Cinetic Media co-founder.
"The company is positioning itself at the leading-edge of these changes, providing risk capital to innovative companies at a moment when financing is relatively tight. It’s an exciting moment to be launching our firm."
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