GameLoft shuts portal, lowers overheads
Print storySo the loft's a mezzanine now, right?
Posted in Music and Media, 22nd March 2001 21:27 GMT
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Online gaming outfit GameLoft has decided to ditch its Internet portal.
"Seeing no profit perspective in the exploitation of its Internet portal, GameLoft has decided to discontinue this activity while reducing significantly its overhead," the outfit said in a statement.
"Gameloft will now on [sic] concentrate on exploiting its game catalogue on a pay per play basis, on the web and interactive TV where strong business opportunities have already been identified."
Winn Keaten, GM for GameLoft in the US, told The Register that the company planned to sell its own games through other sites. She added that "as of today" there had been no staff cuts in the US, but declined to elaborate further on the reduced overheads.
It is not known when the portal will go offline. Another announcement from the company, which is traded on the New Market of the Paris Stock Exchange, is expected on April 4. ®
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