MachineGames is a studio that found their niche with the Wolfenstein games, at least until they didn’t.
09.11.2023 - 11:45 / venturebeat.com / Will
Nexon announced a leadership succession plan where longtime CEO Owen Mahoney will step down in March 2024 and be replaced by Junghun Lee.
That’s a big milestone as Mahoney had been in charge of the online games giant for a decade. He led the company to expansion, despite the fact he was a Westerner in charge of a company with its headquarters in Japan and much of its development staff in South Korea.
The company said its board of directors has unanimously nominated Lee to serve as the company’s next representative director, president and CEO, effective following Nexon’s annual shareholder meeting in March 2024. Lee currently serves CEO of Nexon Korea Corporation and on Nexon’s board.
Mahoney has led the company through a period of growth and global expansion, and will stand for re-election to the Nexon’s board and serve as senior advisor. Both Lee and Mahoney will serve in their current roles until the succession is formally approved.
GamesBeat Next On-Demand 2023
Did you miss out on GamesBeat Next? Head to our on-demand library to hear from the brightest minds within the gaming industry on latest developments and their take on the future of gaming.
As a Nexon veteran with two decades of game industry experience, Lee brings proven leadership and
operational experience. Since January 2018, Lee has served as CEO of Nexon Korea, the company’s largest subsidiary. Between 2008 and 2017, Lee led Nexon’s live operations teams which have sustained and grown the company’s biggest franchises for decades.
Under his leadership, Nexon Korea achieved a 19% revenue compound annual growth rate from 2018 to 2022. Also at Lee’s direction, Nexon has successfully launched multiple new products including Dungeon&Fighter Mobile, MapleStory M, Blue Archive and more recently, Dave the Diver.
“I am honored and excited to lead the company into its next generation,” said Lee, in a statement. “Our
strong base of live Virtual World franchises has shown unprecedented growth and stability, our global team of operators and developers is world-class, and our demonstrated commitment to innovation in new game development as well as technology sets us up for a new generation of growth worldwide. This leadership transition comes at a time when Nexon is both stable and positioned for dynamic growth. Our global franchises are delivering steady revenue which we have invested in a powerful pipeline of new games in development that have potential to become global hits.”
Mahoney joined Nexon in 2010 as CFO, overseeing its 2011 IPO, and has led the company as president and CEO since 2014. Under his leadership, Nexon delivered consistent growth in revenue and operating income and the most robust pipeline in the company’s history.
In the third quarter of
MachineGames is a studio that found their niche with the Wolfenstein games, at least until they didn’t.
Bandai Namco has invested in two US-based startups, Flickplay and Code Charm.
Are you looking to showcase your brand in front of the brightest minds of the gaming industry? Consider getting a custom GamesBeat sponsorship. Learn more.
Were you expecting a 1:1 remake of the Scott Pilgrim graphic novel with Scott Pilgrim Takes Off? Not only does the Netflix animated series veer wildly away from the source material, its first episode has a mind-blowing twist that has already broken the internet.
Sony have revealed the next set of games coming to their premium subscription services, PS Plus Extra and PS Plus Premium. Nine new games added to PS Plus Extra service on November 21st 2023, with the exception of Teardown which is out now.
“Why are we doing this now?” is an understandable question to have when hearing about the new Netflix anime Scott Pilgrim Takes Off, or even throughout most of its first episode. There are identical lines and visual jokes, and with the entire star-studded cast of the movie back in voice roles, it seems like the show is setting up to be a pretty faithful (but admittedly stylish) retread of Edgar Wright’s 2010 cult classic.
With another new weekend comes another fresh batch of streaming recommendations, so you can sit back, kick your feet up, and be safe in the knowledge that there's no shortage of movies and TV shows to watch.
This morning, CAPCOM announced a new Dragon's Dogma 2 showcase scheduled for Tuesday, November 28th, airing at 1 PM Pacific Time or 9 PM GMT.
Publisher PLAYISM and developers faxdoc, happysquared, and sunnydaze will release physics-based grapple hook Metroidvania game Rusted Moss for PlayStation 5, Xbox Series, and Switch in spring 2024 alongside a major update, the companies announced.
Sony have revealed the next set of games coming to their premium subscription services, PS Plus Extra and PS Plus Premium. Nine new games added to PS Plus Extra service on November 21st 2023, with the exception of Teardown which is out now.
Loki season 2 star Ke Huy Quan wants to join the Star Wars universe – and he might have already set the wheels in motion.
This week’s TV premieres are all heavy hitters — some more literally than others (Godzilla is pretty much always at fighting weight, and a total knockout at that). But suffice it to say that while everything else might be looking ahead to the U.S. Thanksgiving holiday, television is bringing its A game.