10Tacle Studios expects to report fiscal 2007 sales growth of 77 ...
10Tacle Studios expects to report fiscal 2007 sales growth of 77 percent, to 52 million euros, while earnings before interest and taxes will soar 97 percent to 9.3 million euros, it said. The forecast exceeds the German game developer’s…
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internal projections, it said, adding that the new predictions “reflect recent developments” at the company, including implementation of a 3D online world with content from music channel MTV, “successful launch” of a media fund in Singapore and purchase of Budapest-based development studio Stormregion (CED June 6 p9). 10Tacle expects the cooperation with a fund to develop and market the MTV online world will generate revenue of 25 million euros in 2007 and 2008. An additional share in the income is expected to contribute to earnings “as early as 2008,” it said. The firm “completed negotiations with cooperation partners” for development of the Internet world, it also said. And the order volume through the Singapore media fund, “higher” than projected for 2007, has been used for initial projects “faster than expected,” it said. Preliminary deals were signed for two “comprehensive” project commissions from the media fund for the Stormregion studio and the order volume “will be in excess of” 14 million euros, it projected.