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The company was founded in 2006 and has a base of mainly young adult gamers in Malaysia, Singapore, Thailand, the Philippines and Vietnam. It offers an online point-based redemption system and also produces online comics through its Comixo Studio.

CEO of MediaCorp Mr Shaun Seow said: "Our investment in Cubinet rides on the burgeoning MMO and casual games market in Asia, but it goes beyond that. It's a strategic fit with our outreach to youths, who spend a lot of time online. Cubinet's reach provides a regional audience for our youth-oriented services. In turn, MediaCorp is keen to see how for example, Cubinet's content could be turned into popular TV shows. The possibilities are endless."

CEO of Cubinet Interactive Andy Choe said: "We're delighted to have MediaCorp as an investor and partner. We see many synergistic areas as we roll out new products and services to the region."

- CNA/jc

http://www.channelnewsasia.com/news/business/singapore/mediacorp-acquires-majority-stake-in-onl/690592.html

 

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