Entertainment giant Disney announces another major step in the development of its own games. According to sources who speak to Bloomberg Financial, Disney plans to sell the game developer and publisher FoxNext, which it acquired through the acquisition of Fox earlier this year.
The site reports that various Disney executives, including direct-to-consumer boss Kevin Mayer, intend to retain FoxNext. Disney CEO Bob Iger was reportedly shut down and ultimately decided to sell FoxNext. Officially, Disney has no comment.
FoxNext was founded in 2017 to process Fox's endeavors for video games, virtual reality, augmented reality and theme park. In 2018, FoxNext announced that it is working on a new Alien Shooter with a team made up of people who worked on BioShock, Borderlands and Star Trek: Online.
With respect to the games already released by FoxNext, the company is working with Aftershock Studios on the Marvel Strike Force mobile game; it was released in March 201
If Disney decided to sell FoxNext, that would be a bit of a surprise, given that House of the Mouse has long moved away from the game's internal development. In 2016, Disney closed the Disney Infinity toy series and shut down developer Avalanche Software.
Previously, Disney closed down the Tron Evolution Propaganda Games studio, which worked on the Caribbean Pirates: Armada of the Damned before its cancellation. Disney also owns game developer Black Rock Studios, which makes great racing games Pure and Split / Second before closing down this studio as well. Disney also developed Warren Spector's Epic Mickey video games with Junction Point Studios, but the company discontinued the franchise and shut down the developer in 2013.
Bungie founder Alex Seropian ran the Disney game before going to set up a mobile gaming studio called Industrial Toys which EA acquired later.
During a profit talk earlier this year, Iger talked about Disney's rock history with game development and publishing.
"Over the years, we've tried our hand at self-publishing, bought companies, sold companies, bought developers, shut down developers. And over the years we found that we weren't particularly good at self-publishing, but we had great in the country of licensing, which obviously does not require as much capital allocation, "said Iger.
One of the Disney video game licensees is EA, which has signed a 10-year deal with a Star Wars gaming company. Iger said that these licensing arrangements are positive for EA on video games and you can expect them to continue in the future.
There is still no word on potential buyers for FoxNext if Disney really sells the company. Keep checking with GameSpot for the latest.