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Free Online Game Publisher OGPlanet Lands Investments

Authored by Mark Hefflinger on October 30, 2006 - 3:23pm.
Los Angeles - OGPlanet, a publisher of free online multiplayer games that generate revenue through the sale of virtual items, announced on Monday that it has received an undisclosed sum of venture funding from a group of gaming and digital media executives. New investors in the company include former Disney Online president Richard Wolpert; GameSpy founder Mark Surfas; former RealArcade vice president Andrew Wright; and BellRock Media CEO Peter Levin.

Los Angeles-based OGPlanet's first title is the U.S. version of the online game "Albatross18," which is already generating more than $25 per month per player in sales of virtual game pieces, clothing and accessories. In addition to the virtual economies, OGPlanet plans to also offer advertising opportunities within its online game titles. The company will launch its next multiplayer game in the first quarter of 2007.

Related Links:
http://tinyurl.com/yycs9t
http://www.ogplanet.com
http://www.albatross18.com
tags: Games | Deals | Advertising | In-Game Ads | Games Deals | Investments | OGPlanet |



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