PlaySide wants more control over how it runs its business.
That s a running theme in our discussion with PlaySide executive VP of business development TJ Munusamy, starting with his explanation for why the Melbourne-based studio behind games like Jumanji: Epic Run and Animal Warfare held an initial public offering last December.
As he explains, the company had ambitions that needed a larger bankroll than it could provide, but it found proposed mergers and acquisitions less than ideal. With an IPO, we really and truly control our own destiny, Munusamy says. We have an obligation to shareholders and whatnot, but those obligations are aligned with what we want to do with the studio. Through M&As, sometimes you partner with [firms] that try to steer your direction to what they would prefer, and that may not always align with what you want to do.
Post-IPO, PlaySide looks to call more of its own shots gamesindustry.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gamesindustry.biz Daily Mail and Mail on Sunday newspapers.