Disney confirms sale of FoxNext, Cold Iron Studios to Scopely

Acquisition does not include Fox IP licensed games, which will stay with Disney

Today, The Walt Disney Company has confirmed it will sell studios FoxNext Games and Cold Iron Studios to Scopely, following September reports of the acquisition.

The terms of the sale were not disclosed, though Scopely will not be acquiring the IP portfolio of licensed games, which will remain with Disney's publishing business.

Both Los Angeles-based FoxNext and San Jose-based Cold Iron have bounced between several parent companies in recent years. Cold Iron was founded in 2015 by Cryptic Studios veterans, while FoxNext was created as a game development arm for 21st Century Fox in 2017. In 2018, Fox purchased Cold Iron. Then, both studios went to Disney when Disney bought 21st Century Fox, though Disney's ongoing attitude toward games business meant that it was unlikely to keep development studios around long.

Scopely, meanwhile, has had a busy year of expansion between growing its international presence in Dublin, Barcelona, and Japan, raising $200 million in Series D funding, and acquiring MMO maker Digit Game Studios back in May.

More stories

Changing Channels: Epic Games discusses making TV and film with games technology

The Unreal Engine provider shares how its technology is being used in TV and film, including The Mandalorian, at 7pm BST / 2pm ET / 11am PT

By Marie Dealessandri

Changing Channels explores how popular franchises translate to video games

Which elements of Jurassic Park, Ice Age and The Walking Dead translate to games? Tune in at 4pm BST / 11am ET / 8am PT to have the answers

By Marie Dealessandri

Latest comments

Sign in to contribute

Need an account? Register now.