Japanese Gaming Giant GREE Debuts Its First U.S.-Designed Title For Western Audiences
GREE, the $5.9 billion Japanese mobile gaming company making a big push in international markets, debuted its first-ever title designed by U.S. talent for Western audiences today.
Taking the evergreen zombie theme that has fueled countless mobile gaming hits, GREE’s game “Zombie Jombie” is designed from the perspective of zombies who must battle humans. In the game, players become a “Jombie,” which has the power to raise and control zombies. It’s a trading card game where players must build a deck of cards representing different zombies to compete with friends. They can battle each other, bosses, or do quests in different U.S. cities.
This game is a big test for GREE. Compared to U.S. gaming companies like Zynga, the company is almost absurdly profitable. GREE has triple the profit margins that Zynga does. (Crazy.) The company made 12.7 billion yen ($152.7 million) on 41.5 billion yen ($497.8 million) in revenue in the last quarter alone. And those numbers were about triple what they were a year earlier. Zynga in contrast did $37.2 million in net income excluding a massive, one-time charge related to its IPO on $311.2 million in revenue in the same period.
The question is: can it grow outside of its home market of Japan?
On top of that, GREE wants to earn revenue from more than just its own games. It wants to build a global platform where it can take an additional 15 percent cut of revenues from third-party games after Apple’s or Google Android’s 30 percent share. It plans to roll out a global mobile gaming platform last year, on the back of its $104 million acquisition of mobile-gaming network OpenFeint last year.