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.
Jeff Bezos Resignation Ends An Epic, Epic Run Jeff Bezos Resignation Ends An Epic, Epic Run Over the last 25 years, the Amazon founder led the company through perhaps the most fertile period of any American business ever.
Jeff Bezos on Tuesday said he will resign as chief executive officer of Amazon.com Inc. (FILE)
Jeff Bezos has a formulation about one-way doors and two-way doors-decisions that are irreversible and permanent and those that can always be unwound. Stepping through what s almost certainly a one-way door on Tuesday, Bezos said he will resign as chief executive officer of Amazon.com Inc. and become executive chairman later this year. He will hand day-to-day control to Andy Jassy, his longtime head of Amazon Web Services, a swiftly growing division that has almost singlehandedly changed the way companies buy the technology that powers their businesses.