Fox Sells Video Game Division to Vivendi
Fox Entertainment Group, a unit of News Corp., said it sold its video game publishing and development studio to French-owned Vivendi Universal Games for a sum that wasn’t disclosed.
Rather than develop its own games, Fox will license its entertainment franchises, such as “Buffy the Vampire Slayer,” to other game companies. Vivendi said it would assume development of 10 game projects underway at the Fox Interactive studio in Century City.
The deal also gives Vivendi rights to publish sequels to those games.
Fox’s retreat from game publishing comes amid fierce competition and consolidation in the global $25-billion industry.
-- Alex Pham
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