Riot-E

Riot-E

Riot-E Riot Entertainment Ltd, was a Finnish media company, focused on SMS content mobile phone games that, despite 20 million euros in venture capital invested in them by corporate giants like Nokia, News Corporation and The Carlyle Group, went bankrupt within two years.

Riot Entertainment managed to create a very positive public image. It seemed as if it had everything going for it: Investors with very deep pockets, relationships with top media brands of the world, contracts with large operators, an extensive worldwide gaming network, a very dynamic public image and worldwide presence. They were possibly the first company to offer highly branded mobile games and worldwide online gaming, years before the mainstream could even dream about such services.

They spent money on refurbishing an exclusive four-storey office with gaming rooms, sauna and a theater for 50 people. They built the first games from scratch and recruited 100 people in one summer, and the almost 24/7 workforce was nourished by daily breakfasts and frequent parties.

On July 4 2001, RIOT-E’s pay-per-download service had attracted close to 200,000 downloads of X-Men characters and images by subscribers to Japan’s Big Three operators. On July 16 2001, Riot-E announced that it "will develop interactive games for The Lord of the Rings fans and gaming communities" [cite press release |date=2001-07-16 |title=Riot Entertainment Secures Exclusive Wireless Interactive Game Rights to New Line Cinema’s ‘The Lord of the Rings’ Film Trilogy |publisher=Riot Entertainment Ltd |url=http://www.mobileinfo.com/Press_Releases2001/Riot_July16.htm |accessdate=2007-05-11 ]

The creditors were out 3.2 million euros. Hewlett-Packard and IBM did not get their leasing fees, BT Ignite ended up providing broadband services without compensation, Hertz will not be getting its car leasing fees, Nokia Ventures with 25 percent ownership, and Softbank UK Ventures with 15 percent ownership had nothing to show, operators in the Philippines (Global Handyphone), Italy (Telecom Italia Mobile – TIM), Spain (Telefonica) and Finland (Radiolinja) and the landlord is missing 157,000 euros worth of rent.

The company was such a spectacular failure that it was the subject of the award winning documentary "Riot On!".

Company slogan: "We don't make games, we create riots."

References

External links

* [http://www2.helsinginsanomat.fi/english/archive/news.asp?id=20020320IE7 Helsingin Sanomat]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Riot! — Saltar a navegación, búsqueda Riot! Álbum de estudio de Paramore. Publicación 12 de junio de 2007. Grabación enero abril 2007 en House of Loud, Nueva Jersey …   Wikipedia Español

  • Riot — Жанр Хэви метал Пауэр метал Хард рок Годы с 1975 Страна …   Википедия

  • riot — ri·ot 1 n: a disturbance of the peace created by an assemblage of usu. three or more people acting with a common purpose and in a violent and tumultuous manner to the terror of the public; also: the crime of rioting riot 2 vi: to create or engage …   Law dictionary

  • Riot! — Студийный альбом Paramore Дата выпуска …   Википедия

  • riot — ► NOUN 1) a violent disturbance of the peace by a crowd. 2) a confused or lavish combination or display: a riot of colour. 3) (a riot) informal a highly amusing or entertaining person or thing. ► VERB 1) take part in a riot. 2) behave in an u …   English terms dictionary

  • RIOT — Разработчик Mail.Ru Games. Архивировано из первоисточника 26 сентября 2012. Лицензия не распространяется Жанр MMOG …   Википедия

  • Riot — Ri ot, n. [OF. riote, of uncertain origin; cf. OD. revot, ravot.] 1. Wanton or unrestrained behavior; uproar; tumult. [1913 Webster] His headstrong riot hath no curb. Shak. [1913 Webster] 2. Excessive and exxpensive feasting; wild and loose… …   The Collaborative International Dictionary of English

  • Riot — Ri ot, v. i. [imp. & p. p. {Rioted}; p. pr. & vb. n. {Rioting}.] [OF. rioter; cf. OD. ravotten.] 1. To engage in riot; to act in an unrestrained or wanton manner; to indulge in excess of luxury, feasting, or the like; to revel; to run riot; to go …   The Collaborative International Dictionary of English

  • Riot! — Album par Paramore Sortie 12 juin 2007 Enregistrement 2007 Durée 38 min et 58 s Genre Pop Punk Producteur …   Wikipédia en Français

  • riot — [n1] uprising, disorder anarchism, anarchy, brannigan*, brawl, burst, commotion, confusion, distemper, disturbance, flap, fray, freefor all*, fuss, hassle, lawlessness, misrule, mix up, mob violence, protest, quarrel, racket, row, ruckus, ruction …   New thesaurus

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”