GamesBeat

Gameloft reports 27 percent sales growth in 2012, allegedly closes India studio

Mobile game developer Gameloft has allegedly closed its Hyderabad, India studio on the same day it announced 27 percent sales growth in 2012, according to Gamasutra.

About 250 developers are now out of work, according to Gamasutra’s report. An anonymous source said employees were called into a meeting at around 2 p.m. local time and given the bad news. The source then said that they were then reportedly asked to immediately pack up their belongings and leave, the company Internet was disabled, and the studio’s balcony doors were shut.

Gameloft India is primarily responsible for porting the company’s iOS titles to Android devices, according to Gamasutra.

Gameloft declined comment.

Earlier today, Gameloft announced it reached consolidated sales of €57.7 million (nearly $78 million in U.S. dollars) during the fourth quarter of 2012, a 23 percent increase from the previous year. The company’s total consolidated sales in 2012 reached €208.3 million (about $280.9 million), up by 27 percent year on year and in line with the company’s guidance.

Gameloft attributes this growth to the success of recent releases such as Modern Combat 4: Zero Hour, World at Arms, My Little Pony, and Playmobil Pirates, and to the longevity of its back catalog.


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