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// gaming

SNK Entertainment dissolved after 10 years. Most of its businesses transferred to parent company SNK 

SNK Leisure was formally dissolved as of August 20, as reported in Japan’s authorities gazette (supply: GameBiz).

SNK Leisure was a wholly-owned subsidiary of SNK Company based in 2016. The corporate operated as a contract developer, primarily for video games and video and graphic manufacturing. It additionally engaged in licensing enterprise surrounding SNK’s library of mental properties, in addition to different associated on-line and digital leisure companies. Based on Game Industry Biz, the subsidiary was launched in an effort to “deliver again SNK’s dormant IPs and function a place to begin for growth of recent SNK digital content material, collaborations, and merchandise.”

Nonetheless, in June 2022, a good portion of SNK Leisure’s sport and content material growth, gross sales, advertising and marketing, and licensing companies was transferred to SNK via an absorption-type company cut up.

Apparently, the corporate has been successfully dormant because the absorption-type cut up, so the newly introduced dissolution isn’t anticipated to have a lot impression on SNK’s enterprise.

Associated:

Former Tekken 8 director Kohei Ikeda joins Katsuhiro Harada’s VS Studio following departure from Bandai Namco Studios

Saudi Arabian investment firm that owns SNK raises Capcom stake to 6.04% 

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