Crime pays for Funzio. Crime City that is.GREE, in its attempt to expand its mobile gaming empire from Japan to North America, has acquired Funzio for $210 million. Funzio is the developer of Crime City, Modern War, and Kingdom Age, which have a total of 20 million downloads across iPhone and Android devices.
We're live blogging from the Inside Social Apps 2012 Conference in San Francisco, from Philz Coffee a few blocks a way. While other attendees discuss and pretend to understand such industry jargon such as "velocity" and "ad mediation," I sip my favorite coffee in the world and type away. The big takeaways from the show so far: Facebook Credits conversion rates are much lower than expected and you need to spend a lot of money to make it big on the iPhone and Android platforms. If you are a small developer, life is tough.
Forget Paris! The place to get engaged these days is in the social game Crime City, on Google+. According to Mashable, a character named "Mihai" purchased a virtual engagement ring (created by the game's developer, Funzio) which appeared in both his and his soon-to-be fiance's inventory, and then Mihai virtually proposed to Miruna. Of course, this could be just a clever publicity stunt for Funzio.
Crime City developer Funzio has announced that it will be receiving $20 million in Series A funding. The developer will be using the funding to expand its operations and attempt to follow up the success of Crime City, which currently has just over 7.5 million monthly active users.