After layoffs, Big Fish continues to grow
venture capital startups investment entrepreneurs Seattle After layoffs, Big Fish continues to grow Big Fish Games stunned some workers earlier this month when the fast-growing Seattle online games publisher unexpectedly cut staff, a move that Chief Executive Paul Thelen classified at the time as 'an opportunity based initiative of our company.' .
Today, Big Fish issued two press releases that highlight its recent growth, including information that it is moving into a bigger headquarters.
In one, Big Fish said its studio PC games have sold more than a million units this year, with estimates that the business will create $24 million in revenue by the end of the year.
It also released metrics for its new My Big Fish Games initiative, which allows people to invite others to try games from the company.
Big Fish said that more than 125, 000 people have signed up for the service since its debut 45 days ago..
The reasons for the layoffs at Big Fish are still a mystery, though some recent speculation is that the company is being positioned for a sale.
Following up on the announcements from Big Fish, RealNetworks today passed on some of its own facts about its RealArcade business.
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Why it's fierce: There's a lot of talk centering on casual games as of late and Big Fish Games is certainly one of the, uh, bigger fish in that particular pond.
As a publisher of, developer of and online portal for what the company refers to as PC and Mac titles that appeal to the 'mature gamer, ' Big Fish is certainly well-positioned to capitalize on a potentially lucrative market.
They've also got a good handle, I think, on what older gamers are looking for in terms of community, and they've managed to brand themselves not only through high-profile games, but making themselves a brand because they offer quality games.
What to look for: Company vice president Pat Wylie told FierceGameBiz back in August that the company was considering a number of platforms, including mobile phones, the Nintendo DS and the upcoming Wii.
Also, Big Fish is moving into the retail market with a few titles, and the recently-launched My Big Fish Games Web site is already garnering a lot of fans in its already sizable subscriber base..
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Photo by www.game-fishing-adriatic.com
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