Publisher KRAFTON (PUBG) invests $89 million in short video platform Spoon Labs
, by Quentin
The publisher behind PUBG as well as the Striking Distance and Tango Gameworks studios, KRAFTON, has announced a massive investment in Spoon Labs, a short video platform.
The company has allocated $89 million to allow Spoon Labs to develop Vigloo, a new online video service. KRAFTON has issued the following press release announcing the news:
"Spoon Labs has already proven its strong overseas business capabilities through Spoon over the past few years. We look forward to creating entertainment that people worldwide can enjoy together and establishing a robust industry ecosystem within the new short-form drama platform business."
Source: gamespress.com