My.Games to exit Russia, restructure business

1 year 4 months ago

My.Games has announced it is pulling out of Russia, the market it originally called home.

In an announcement issued by its Amsterdam headquarters, the publisher said all parts of the business that have been generating revenue in Russia will be spun off into a new independent entity. This entity will have no affiliation with My.Games.

Licenses for all Russia-related products will be transferred to independent Russian firm Astrum Entertainment, after which My.Games will no longer earn revenues from these titles in Russia.

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Author
James Batchelor