S’pore To Co-Fund MMO Start-ups

Via Straits Times. THE SINGAPOREAN GOVERNMENT has set aside $20m over the next three years to help local gaming start-ups making the next World of Warcraft (WoW).

The Media Development Authority of Singapore on Thursday announced, for the first time, it would offer co-funding for games developers making massively multiplayer online (MMO) games.

These games, a high-risk but high-reward video game genre, include titles like WoW, Maple Story and EverQuest, which take years to develop at a cost of as much as US$100 million.

Those that succeed though, stand to reap a significant dividend: WoW’s 12million players worldwide, for instance, contributed US$1.23 billion to its developer Blizzard’s coffers last year.