[NX] Nexon Invests In Shiver Entertainment

Nexon has entered into a strategic partnership with Shiver Entertainment, a Miami-based studio founded by former Zynga Chief Operating Officer John Schappert.

This partnership includes Nexon investing an undisclosed sum of money into Shiver Entertainment as well as Nexon securing exclusive global publishing rights to Shiver’s PC and mobile titles which may be developed. Nexon’s Chief Finance Officer (CFO), Owen Manhoney, will sit on Shiver Entertainment’s board of directors.

“John is one of the world’s most respected developers and has been responsible for building some of the industry’s most fun and financially successful franchises,” said Mahoney. “This announcement represents another significant milestone in our strategy to build our business in key Western markets by working with world-class developers and bringing our unmatched free-to-play online expertise to global markets. We look forward to leveraging the strengths of both companies to develop new, successful franchises loved by players around the world.”

Shiver Entertainment was founded in December 2012 by John Schappert. With a career spanning more than 20 years in the games industry – during which he has served in roles from software engineer, programming Super NES games, to operating executive – Schappert is widely regarded as an industry superstar. In his most recent role as COO of Zynga, Schappert was responsible for overseeing product development and the company’s daily operations, including Zynga’s game studios, mobile division and administrative functions. Previously, he served as COO of Electronic Arts, where he was responsible for the operating plan, global retail and digital distribution, retail marketing, global technology and EA Interactive (EA’s mobile, social and casual division). Earlier in his career, Schappert was Corporate Vice President of Microsoft’s LIVE Software and Services division, managing the Xbox LIVE business and Microsoft Game Studios. Schappert has overseen the creation of numerous successful franchises, including FIFA Soccer, Need for Speed and Madden NFL.

“Nexon has an extraordinary track record of successfully partnering with a select few of the best game developers in the world, and we are proud to partner with them,” said John Schappert, Founder and CEO of Shiver Entertainment. “Shiver Entertainment is focused on creating the world’s best free-to-play games and by working together, we combine Nexon’s expertise in online free-to-play games and global publishing capability with our AAA Western-oriented games. It’s a perfect match and we are very excited about our bright future together.”

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Posted on September 9, 2013, in Acquisition, International Nexon. Bookmark the permalink. Leave a comment.

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