In March of this year, Mochi Media announced that it had established a $10 million game developer fund in partnership with Shanda Games, which had just acquired the company for $80 million. The company tells us that it has invested about $400,000 in 20 developers (or rather, developers teams) so far. The first three games of some of these developers are launching today, with another one hitting some time next week.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/LEsmtgpn0E0/
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