Hearst, a US-based media company, has made a minority equity investment of undisclosed size and value in Spooky Cool Labs, a local games studio behind the Wizard of Oz game.

Scott Sassa, president of Hearst entertainment and syndication, said: “Spooky Cool has achieved a step function improvement in social and mobile gaming with their 3-D game engine that powers The Wizard of Oz [licensed from Warner Bros. Interactive Entertainment].

“We plan on pairing our intellectual property and access to third-party intellectual…

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