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This article reads like or or is largely based on. Please with to meet Wikipedia's,. ( May 2014)Kabam Inc.Founded2006Key peopleTim Fields (CEO)(Co-Founder)(Co-Founder)Michael Li (Co-Founder)Wayne Chan (Co-Founder)360 millionEmployees170 (March 7th, 2017)URLKabam (formerly Watercooler, Inc.) is an interactive entertainment company founded in 2006 and headquartered in Vancouver, BC. With offices in San Francisco, CA and Austin, Texas.The company creates, develops and publishes massively multiplayer social games (MMSG’s) such as for mobile devices.
Following the acquisition of Kabam by Netmarble Games, partner web games (which includes Wartune) moved on 23rd of May to Wonderhill. The affected Kabam games / servers are: Wartune Angel Alliance The Godfather: Five Families Edgeworld Kingdoms of Camelot Dragons of Atlantis What changed: Your game account will transfer to the new site.
Before expanding into gaming, Kabam established itself as a social applications developer with entertainment and sports communities totaling more than 60 million users.Kabam markets games for mobile devices,. The company's previous investors included Alibaba, Canaan Partners, Google, MGM, Intel, Pinnacle Ventures, Redpoint Ventures, Warner Bros. And others.The company has focused on developing 'real games,' or games with immersive gameplay mechanics akin to more traditional with an emphasis on the spending and of.
In late 2009, Kabam launched Kingdoms of Camelot, one of the first successful strategy games on, but in June 2010, the number of players began constantly shrinking.As of April 2015, Kabam announced a shift in its focus to developing AAA mobile games. In July 2015, Kabam announced that Marvel Contest of Champions hit $100 million in gross revenue in seven months, the fastest of any game in Kabam history (The Hobbit was next fastest at 13 months).As of December 19, 2016, Kabam's Vancouver Studio was acquired.
Contents.History Kabam was founded in 2006 as Watercooler by, Michael Li, and Wayne Chan, the company started off focused on building community apps for sports and entertainment fans, amassing more than 25 million users on and other social networks. In October 2009 Watercooler, secured $5.5 million in Series B funding from, the world’s largest Internet betting exchange, and Canaan Partners, which participated in the company’s Series A funding in 2007. On November 2, 2009 Watercooler, launched on Facebook.On August 3, 2010, Watercooler changed its name to Kabam.In August 2012, Wayne Chan, one of Kabam's co-founders, left the company. Then on September 19, 2012, CEO Kevin Chou announced that Kabam was considering an.
A secondary stock sale was agreed at the end of 2013 which valued the company at $700 million, it was also announced at this time that four of its games – led by Kingdoms of Camelot – grossed more than $100 million, with $360 million in revenues for 2013.In June 2014, Kabam hired former Mobile VP as Senior Vice President of its North American Studios (San Francisco and Vancouver), while at EA Mobile he worked on The Simpsons: Tapped Out and Monopoly Slots, Kabam hoped he would provide a link to Hollywood Studios. Also in June, Kabam shut down servers for The Hobbit: Armies of the Third Age.announced in July 2014 that it planned to invest $120 million in Kabam, giving the company a $1 billion valuation. This allowed its games to be distributed through Alibaba's apps, including and the messaging app.As of April 2015, Kabam is only focused on developing AAA mobile games. As a result, a number of Kabam games were shut down, older Kabam games transferred to other companies and Kabam support for third-party games decreased.On August 13, 2015, maker of, sued Kabam for trade secret theft. The conflict was resolved to both companies' satisfaction a month later on September 10.In September 2015, Kabam, Disney Interactive, Lucasfilm launch Star Wars: Uprising In September 2015, Nick Earl, president of worldwide studios, resigned. Was promoted to president of Kabam Studios and chief creative officer in charge of the publisher’s game design and game quality.
Was promoted to president of Kabam Studios and live services in charge of service quality.On January 7, 2016, Kabam announced it had sold its legacy games and third party-published games to Chinese publisher GAEA Mobile. As the downsizing in April 2015, Kabam shut down a number of older games that were not transferred.On February 22, 2016, Kabam laid off 8 percent of its company workforce. Kevin Chou, Kabam's chief executive, said in an exclusive interview with that the company will focus on free-to-play massively multiplayer mobile games such as its current hits, Marvel: Contest of Champions and Star Wars: Uprising. That means Kabam will put less emphasis on single-player games such as Fast & Furious.On June 23, 2016, Kabam announced that they would be selling to DECA Games.In July 2016, Kabam announces that Marvel Contest of Champions hit $100 million in gross revenue in seven months, the fastest of any game in Kabam history (The Hobbit was next fastest at 13 months). This section needs to be updated. Please update this article to reflect recent events or newly available information.
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