{"id":601895,"date":"2023-01-27T15:49:25","date_gmt":"2023-01-27T21:49:25","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/27\/skybound-makes-multimillion-dollar-investment-in-wrestlequest-dev-mega-cat-studios\/"},"modified":"2023-01-27T15:49:25","modified_gmt":"2023-01-27T21:49:25","slug":"skybound-makes-multimillion-dollar-investment-in-wrestlequest-dev-mega-cat-studios","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/27\/skybound-makes-multimillion-dollar-investment-in-wrestlequest-dev-mega-cat-studios\/","title":{"rendered":"Skybound makes multimillion-dollar investment in WrestleQuest dev Mega Cat Studios"},"content":{"rendered":"\n
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Deal is The Walking Dead firm’s first major investment in a game development studio<\/p>\n<\/p><\/div>\n

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\nSkybound Entertainment has invested in Mega Cat Studios, the company currently working on upcoming RPG WrestleQuest.\n<\/p>\n

\nWhile Skybound did not disclose a figure, GamesIndustry.biz<\/em> understands this is a multimillion dollar investment.\n<\/p>\n

\nThe company, which owns The Walking Dead franchise and operates in multiple forms of entertainment, also says this is the first time it has made an investment into a game developer.\n<\/p>\n

\nPittsburgh-based developer Mega Cat Studios has previously made a mix of titles for both modern platforms and retro consoles, even launching new titles as cartridge-only releases.\n<\/p>\n

\nIts current project is WrestleQuest, a retro-style RPG built around real wrestlers such as “Macho Man” Randy Savage. The game is due for release in May 2023.\n<\/p>\n

\nIn addition to finance, Mega Cat founder James Deighan said the deal will also give his team “greater access to other Skybound IP and publisher resources.”\n<\/p>\n

\nThe investment follows the news that Skybound has launched a Regulation A+ campaign<\/a> to raise more capital, allowing members of the public to invest in the company.\n<\/p>\n

\nSo far, this has raised more than $11.8 million, although the bulk of that was pledged before the campaign went fully public.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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