When Did Microsoft Buy Playground?
Playground Games, the renowned video game developer, has been a part of the gaming industry for over two decades. As a subsidiary of Microsoft Studios (now known as Xbox Game Studios), the company has been responsible for developing various successful games, including the Forza series and the latest installment, Forza Horizon 4. In this article, we will explore the history of Microsoft’s acquisition of Playground Games and the impact it has had on the gaming industry.
The Early Years
Playground Games was founded in 2009 by Andrew Webber and Trevor Ford, two experienced game developers who met while working at Codemasters. The company’s early focus was on developing racing games, and in 2012, they released their debut title, Forza Horizon. The game was a critical and commercial success, and it established Playground Games as a major player in the racing genre.
The Acquisition
In 2018, Microsoft announced that it had acquired Playground Games as part of its efforts to expand its Xbox Game Studios division. The deal was reportedly worth $117 million, and it marked a significant shift in the company’s strategy. With Playground Games under its belt, Microsoft had gained access to a talented team of developers who had a proven track record of producing successful games.
The Impact
The acquisition has had a significant impact on the gaming industry. Under Microsoft’s ownership, Playground Games has continued to develop games for the Xbox console, including the latest installment in the Forza series, Forza Horizon 4. The game has received widespread critical acclaim, with many praising its stunning visuals and immersive gameplay.
Key Points
• Date of Acquisition: June 10, 2018
• Acquisition Price: $117 million
• Impact on the Gaming Industry: The acquisition has given Microsoft access to a talented team of developers and has expanded the company’s presence in the racing genre.
Future Plans
In the future, Microsoft plans to continue to support Playground Games and its development of games for the Xbox console. The company has also announced plans to expand its Xbox Game Studios division, which will include the development of new games and franchises.
Conclusion
In conclusion, the acquisition of Playground Games by Microsoft was a significant event in the gaming industry. The company has a proven track record of producing successful games, and its acquisition has given Microsoft access to a talented team of developers. As the gaming industry continues to evolve, it will be interesting to see what the future holds for Playground Games and Xbox Game Studios.
Table of Contents
- The Early Years
- The Acquisition
- The Impact
- Key Points
- Future Plans
- Conclusion
References
- "Microsoft Buys Playground Games for $117 million" – IGN
- "Forza Horizon 4 Review" – Game Informer
- "Microsoft Expands Xbox Game Studios Division" – The Verge