LOS ANGELES--(BUSINESS WIRE)--Arktos Entertainment Group today announced the purchase of a majority stake in developer Hammerpoint Interactive. The acquisition takes effect immediately and involves the consolidation of all development resources, including teams, intellectual property and technology, under the Hammerpoint brand and positions Arktos solely as an investment/financing entity. Sergey Titov, General Partner of Arktos Entertainment, will assume the role of General Manager of Hammerpoint.
Hammerpoint Interactive is currently in active development on three titles, including the popular, post-apocalyptic zombie MMO The War Z, which recently celebrated the launch of its Foundation Release on Steam after attracting more than 600,000 registered players, with over 150,000 playing daily, over the course of its two-month closed beta. Hammerpoint’s next title will be announced in early 2013 and is due for release in the third quarter of the same year.
“After our initial investment in Hammerpoint, we found the team was able to utilize our technology to develop in an efficient and effective manner, hitting milestones well ahead of schedule for The War Z,” said Sergey Titov, General Partner of Arktos Entertainment and now General Manager of Hammerpoint Interactive. “We made the decision soon after the launch of War Z’s Alpha to invest more into Hammerpoint and position it as our core developer of mid and hardcore games from this point forward.”
About Hammerpoint Interactive
Hammerpoint Interactive was formed in 2011 by a team of experienced developers looking to create a fresh experience in the online, multiplayer arena. Having worked with large publishers, such as Electronic Arts and Activision, as well as on multiplayer games, such as World of Tanks, the team possesses the knowledge and skill to create multiplayer games that appeal to both hardcore and mainstream gamers. The company is backed and financed by Arktos Entertainment Group.
About Arktos Entertainment Group
Arktos Entertainment Group (www.arktosentertainment.com) is a privately held Los Angeles based investment and holding company, providing investment as well as creative and production management support for companies in the interactive and online entertainment industries. Arktos Entertainment published and is operating The War Z through OP Productions, LLC, a newly created subsidiary.