F2P game publisher Tilting Point has acquired Canadian mobile game developer Budge Studios for an undisclosed amount. Known for developing mobile games and apps for entertainment for kids to play, Budge Studios has worked with many leading IPs including Barbie, Paw Patrol, Hot Wheels, My Little Pony, and more.
The target audience of the studio, which aims to develop puzzles and creative games related to daily activities, is children aged 3-13. To date, Budge has amassed more than 1.25 billion downloads in its portfolio and has 300,000 recurring subscribers as well as tens of millions of MAUs.
Kevin Segalla, Founder, and co-CEO of Tilting Point used the following words about the acquisition;
“Budge’s decade-long laser focus on the children’s audience, with over 50 successful apps, is very impressive and is a great addition to our catalog. We look forward to merging our publishing expertise with their great content to truly amplify Budge’s potential.”
The acquisition will allow Tilting Point to reach a new audience and enter the fast-growing “entertainment” industry. As with Tilting Point’s other purchases, Budge Studios will continue to operate independently with 129 employees.
Budge co-CEO David Lipes commented:
“Joining the Tilting Point family is an exciting and huge opportunity for Budge. With this acquisition, we will continue operating independently to develop the best creative content, plus have even more access to globally-recognized IP and a greater ability to bring our games to even more children worldwide.”