Japanese gaming giant GREE shutters UK operations

gree_logo-650

Japanese mobile gaming giant GREE has shuttered its UK offices in an effort to consolidate the company’s Western operations to the offices that remain in the US.

In an email statement obtained by TechCrunch, GREE’s UK business development director Lynn Daniel confirmed the closure of the UK office.

“Due to the challenging economic climate and on-going changes within the interactive industry, GREE has proposed to close its UK office,” the statement reads. “This decision is being considered in order to focus on developing content from the United States of America for the Western market.”

GREE has an extensive catalog of games available on iOS and Android, including Knights & Dragons, Crime City, War of Nations and Modern War.

Despite its past success, this isn’t the first time GREE has been met with layoffs and closures. The company released 25 employees in December 2012 from the company’s OpenFeint team, while another 30 employees were let go from its San Francisco office in May.

GREE’s Q3 earnings saw both sales and profits decline quarter-over-quarter to $370.9 million in revenue and $105.7 million in profits. During its latest earnings call, the developer revealed plans to release 15-20 new titles in Japan and five overseas before the end of 2013.

GREE’s competitor DeNA has faired much better recently, reporting Q1 earnings of $535.9 million in revenue and $173 million in profits.

[H/T TechCrunch]

Social Media 201

Mediabistro Course

Social Media 201

Starting October 13, Social Media 201 will provide you with hands-on instruction for gaining followers and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!

 

Leave a Reply

Get the latest news in your inbox
interested in advertising with inside social games?

Social Media Jobs
of the Day

Social Media Strategist

WHYY
Philadelphia, PA

Social/PR Manager

Small, hot SoCal ad agency
CamarilloCamarillo, CA

Social Media Marketing Manager

NBC Universal
New York, NY

Director of Media Relations

American Jewish World Service
New York, NY

Director of Communications

New York University
New York, NY

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Mediabistro A division of Prometheus Global Media home | site map | advertising/sponsorships | careers | contact us | help courses | browse jobs | freelancers | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us