informa
2 min read
News

Imagine Acquires Game Magazines From Highbury

Imagine Publishing, the UK-based magazine company which produces game titles Retro Gamer, 360, and Cheat Machine, in addition to a handful of non-gaming magazines, has ac...
Imagine Publishing, the UK-based magazine company which produces game titles Retro Gamer, 360, and Cheat Machine, in addition to a handful of non-gaming magazines, has acquired Play Magazine and GamesTM from troubled UK magazine publisher Highbury Entertainment, according to an official trading statement. The remainder of Highbury's portfolio, all of its non-gaming publications, was purchased by Future in May 2005, following a failed attempt to acquire the entire company. Highbury has recently found itself in dire straits, following the delisting of its stock and the resignation of its CEO, leading directly to the asset sale. The gaming titles were part of Highbury House Communication's Highbury Entertainment subsidiary, which also included Advanced Photoshop, iCreate, and Digital Photographer. Imagine purchased the subsidiary outright and now has the rights to all five of the publications, which complement its existing tech-focused stable. The details of the transaction were not disclosed, but funding for the move came partly from a new 7 million pound ($12.3 million USD) investment in Imagine Publishing from Kleinwort Capital. "This is an extremely important acquisition for Imagine and it helps us to not only develop an already exciting business, but also stimulate further substantial growth," said Imagine marketing director Damian Butt in a statement reported on by UK trade mag MCV. "Kleinwort’s involvement and support throughout has been first class and, with this deal, Imagine immediately becomes the second largest video games publisher in the UK, a market set for explosive growth in 2006/2007."

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more