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Telltale secures US$ 6 million, invests in multi-platform development |
Listed in: Wii, PS3, Xbox 360, PC Gaming Tags: IDG, Telltale Games
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Telltale Games, developers who revived the scruffy duo Sam and Max, have recently announced that they have received US$ 6 million in Series B finances, which include contributions from Granite Ventures and IDG Ventures SF. Telltale plans to make use of the funds for refining new business models for their games and efficient avenues for digital distribution. And included in their list of improvements is their investment in multi-platform development.
"Digital distribution is changing entertainment, and Telltale is helping define the new landscape," said Telltale CEO Dan Connors. Having independently distributed the conclusion of Sam & Max: Season 1 online, Telltale is also looking forward to give other licenses the "episodic treatment."
Granite Ventures and IDG Ventures are investment firms that have been looking for pioneering development teams and business models in the industry. "Telltale has it all—a great group of people who are changing an industry while doing what they love. We look forward to helping them build the next major player in the gaming industry," concluded Granite Ventures managing director Chris Hollenbeck.
As of press time, there have been no details divulged on the Season 2 episodes of Sam & Max.
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