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ChangYou reports record profits for the year
If you live in China and play online, you know the name ChangYou. The company is a bit less well-known over in the US, but it's still made a name for itself with quirky titles like Zentia and Duke of Mount Deer. It's also apparently making a massive amount of money. According to the company's fourth quarter financial report, ChangYou wound up with a total gross revenue of $435.5 million, with profits surging to $248 million. CEO Tao Wang says the company can thank a variety of games for its success -- the aforementioned Duke of Mount Deer, an expansion for Tian Long Ba Bu, and the browser-based DDTank. The success of the company in the online market is just part of the ever-expanding Chinese marketplace, which generated over $5 billion dollars last year alone. That's good news for ChangYou and its fans, since the company will enter the next year with plenty of money to generate more games.
ChangYou reports record revenue, registered accounts
With all the layoffs that seem to be going around the MMO industry as of late, it's about time we hear some good news from a developer. ChangYou, known in North America primarily for its quirky title Zentia and the bizarrely named Duke of Mount Deer, reports a 119 million USD revenue for its third fiscal quarter. The company's amount of registered users rose as well, with the company citing 159 million current gamers inhabiting ChangYou's titles. CEO Tao Wang is understandably pleased with these results and says that "we believe these results once again demonstrate our ability to understand and fulfill gamers' needs and showcase our content development and game operation strengths." For the full details, check out the article over at Gamasutra.
ChangYou reports impressive profit and revenue gains
It's been a great year for ChangYou, and the Chinese developer responsible for Tian Long Ba Bu and Duke of Mount Deer recently reported its fifth consecutive double digit growth quarter. Tian Long Ba Bu has seen two successful expansion packs thus far in 2011, with a third scheduled for September. According to Gamasutra, Duke of Mount Deer recently increased its server headcount to 110 (up from 64), and the success of both titles powered ChangYou's $54.2 million profit as well as a 35.1 percent revenue jump over the previous year. ChangYou also bought into a browser-game specialist called 7Road last spring with the intention of expanding its interests beyond traditional MMORPGs. All told, Gamasutra says that ChangYou contributed an impressive $327 million in revenue to a $5 billion Chinese game market.
Duke of Mount Deer announces Chinese open beta, releases new screenshots
ChangYou announced today that its most recent in-house-developed MMORPG, called Duke of Mount Deer, will be entering closed beta in China on July 22nd. The game takes place within the martial arts fantasy universe of Louis Cha's novel The Deer and the Cauldron (which should help to explain the somewhat bizarre name). Duke of Mount Deer boasts "beautifully rendered, cinematic quality graphics" as well as the ability for players to move from server to server at-will in order to play with friends and hunt down their enemies. Players are able to choose one of six classes, each with its own signature weapon, and set out on adventures with hundreds of other players. For more information on this upcoming title, head on over to the official site, and be sure to check out the gallery below for more screenshots. %Gallery-127604%
