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 property with the game development expertise of Spooky Cool to build a big presence in this space.” Spooky Cool Labs was founded by game designers Joe Kaminkow and Larry DeMar, who have both created games in arcade, pinball and slot machines.
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Hearst follows Spooky road
Nov 9, 2012 • Global Corporate Venturing
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