MAKATI CITY, Philippines--After acquiring a majority stake in an animation and digital studio and a mobile content developer, Internet services provider Intellectual Property Ventures Group (IPVG) is now looking at game development.
IPVG Chief Executive Officer Jaime Enrique Gonzalez said that the company is supporting the creation of more original intellectual property for the local gaming industry.
"We'll be advocating original content to help our game developers and this will be our main focus for the next two years," Gonzalez said during a presentation at the Ayala Foundation's regular Innovation Forum.
While IPVG, which also owns online game publishing firm IP E-Games, has been offering licensed online games, the company is willing to invest in game development, the executive said.
"But this is very early stage and we still have to start working with game developers," he added, noting that the focus would still be online games.
Ranulf Goss, head of the Manila Chapter of the International Game Development Association, was happy that companies like IPVG are now looking at game development.
"We have a lot of talent here and investments boost our industry," said Goss who is also a member of the Game Development Association of the Philippines.
Is IPVG eyeing game development?
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