Did you know?

We've added more customization tools to make your reading experience more personal. You can now adjust the background color, font and font size for this page and any other content page by hovering over the image below.Log in to have your settings saved for future visits.
 
 
News

Foundation 9 Entertainment Spins Off Canadian Development Studio

| 30 May 2007 16:51

Foundation 9 Entertainment announced today that it has spun off its Prince Edward Island-based studio.

The new entity will be known as Other Ocean Interactive. Andrew Ayre, one of the founders of Foundation 9 Entertainment, will become majority shareholder and CEO of Other Ocean; F9E will not retain any interest in the studio.

F9E CEO Jon Goldman said, "As F9E's growth strategy has evolved, we have recognized the need to focus on larger studios, both our current ones and potential future additions to the company."

"I'm looking forward to growing game development in Atlantic Canada and further establishing the region as an up-and-coming location where top games are produced," said Ayre.

The spin-off is expected to be completed by early June 2007. Terms of the transaction were not disclosed.

RELATED CONTENT
Comments on
Notice a bug? Let us know!
For redesign updates and discussion, click here.