Mumbai: Reliance Games has acquired two gaming companies, one each in Japan and South Korea, marking the Indian company's foray into two top markets.
"Reliance Games on Monday fully acquired a Japanese mobile game distribution company, Funnel Japan, and picked up 51 percent stake in Busan, Korea-based gaming development and publishing company Bluesom Inc," Reliance Entertainment, which owns Reliance Games, said in a statement here.
"Both acquisitions are carried out by a new company created for this purpose, Reliance Big Entertainment Japan Co," it added.
The Anil Ambani-led Reliance Group company, however, did not disclose the amounts. The deal marks the Group's entry into the world's largest (Japan, with a market size of USD 5.5 billion) and the second largest mobile gaming markets (Korea, with a market size of USD 1.3 billion), Reliance Entertainment Chief Executive Manish Agarwal told.
Asked about the deal size, he declined to answer, merely saying they are a privately-held company. However, company sources said the Reliance firm has paid a few million dollars "in lower single digit" for the two deals.
While Funnel Japan is a game distribution company with around 10 people, Bluesom is games studio with around 35 employees, Agarwal said.
While in Japan, the company will continue to market games as it plans to make the Korean firm develop the products for the Japanese market too, he said.
Reliance will be launching the first mobile game in Japan by next month and two more by June-July. It will also launch its Hollywood IP-based localised games for these markets, Agarwal said.
Korean launch will take some time, he said, adding the next focus will be China and Taiwan, as the Japanese company already has presence in these markets.
He ruled out the possibility of the new games being launched in India, where it runs 600 mobile and thousands of PC-games. UTV-owned India Gaming is the largest mobile game marketer in the country.

The statement said the company has brought on board Hwa Seok Choi as Chief Revenue Officer for Reliance Games Japan.


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