Daybreak Game Company

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<div> Daybreak Game Company is a video game developer and publisher, primarily known for its work in the online gaming industry. Notable games developed and published by Daybreak include EverQuest , EverQuest II , PlanetSide 2 , DC Universe Online , and H1Z1 (later split into Z1 Battle Royale and Just Survive ). </div>

Daybreak Game Company acquired for $300 million

Metaverse Platforms

Platforms that offer collaborative 2D and 3D environments for enterprise and education-related use cases

Platforms that facilitate entertainment-focused virtual events and concerts

Platforms that focus on multiplayer gaming experiences in virtual worlds

Platforms that focus on social interaction, experience creation, and virtual land purchases

Platforms that enable the creation of avatars that are used as digital identities in metaverse platforms

Platforms that offer virtual worlds for multiplayer social gaming experiences enable users to create experiences and conduct transactions (e.g. buying virtual land)

ANALYST_QUICK_TAKE

<div>
 
 Daybreak, a subsidiary of Enad Global 7, has purchased Singularity 6, the creator of the Palia metaverse. The acquisition cost has not been disclosed. Co-founders Anthony Leung and Aidan Karabiach will continue to independently lead Singularity 6.
 With the increased resources from this purchase, Singularity 6 plans to invest more on development, bring Palia to its 1.0 version release and expand game availability across different platforms.
 Enand Global 7 runs as a video game publishing holding company for several game studios such as Piranha Games, Toadman Studios, Daybreak Games, Big Blue Bubble, and Fireshine Games. Daybreak Games is known for developing various PC gaming titles like Planetside 2 and DC Universe Online.
 
</div> Analyst QuickTake: 
 The news follows multiple rounds of <a href="https: 
//www.gamedeveloper.com/business/report-palia-studio-singularity-6-lays-off-36-employees"> layoffs </a> at Singularity 6 (35% of staff in April 2024 and ~40% of staff in May 2024), given the difficulty of maintaining player interest. Additionally, the acquisition will allow Singularity 6 to expand Palia across new distribution platforms, having launched the game on the Epic Games Store in <a href="https: 
//sp-edge.com/updates/22945"> October 2023 </a> .

Daybreak Game Company

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