Disney Divests FoxNext Game Studio

Walt Disney Co. in Burbank sold game developer FoxNext Games to Culver City-based mobile game publisher Scopely Inc. for an undisclosed sum on Jan. 22. FoxNext is best known for its mobile action game “Marvel Strike Force,” which launched in March 2018 and generated more than $150 million in its first year of sales, according to the company. Disney acquired Playa Vista-based FoxNext games in March 2019 as part of its $71.3 billion purchase of 21st Century Fox. Disney will retain a portion of FoxNext’s licensed portfolio. “In addition to successfully growing our existing business, we have been bullish on further expanding our portfolio through M&A, and FoxNext Games’ player-first product approach aligns perfectly with our focus on delivering unforgettable game experiences,” Scopely Chief Revenue Officer Tim O’Brien said in a statement.