After leaving Zynga, John Schappert founded Shiver Entertainment, a Miami-based game studio. In September 2013, Nexon announced a strategic equity investment in the startup in exchange for exclusive worldwide publishing rights to Shiver’s new titles across multiple products and multiple years. The investment amount was not disclosed.
What was Shiver Entertainment?
Shiver Entertainment was a new game studio founded by Schappert in December 2012 and headquartered in Miami, Florida, according to Nexon’s September 10, 2013 announcement. Schappert had been Zynga’s chief operating officer and previously held roles at Electronic Arts and Microsoft. He had also founded Tiburon Entertainment, which was later acquired by Electronic Arts, as TechCrunch reported on September 9, 2013.
How much did Nexon invest?
Nexon said it would make a cash equity investment in Shiver for a strategic stake, but neither company disclosed the amount or other financial terms. The deal was an equity investment paired with a publishing agreement; the available announcement does not give a figure from which to estimate the investment.
What did Nexon receive?
In return for its strategic stake, Nexon received exclusive worldwide publishing rights to titles Shiver was developing. The rights covered multiple products and multiple years, according to the company’s announcement. Nexon also said it planned to nominate its CFO and chief administrative officer, Owen Mahoney, to Shiver’s board.
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What games did Shiver plan to make?
Shiver described its focus as free-to-play games for PC and mobile/tablet. Schappert separately told TechCrunch he wanted to make immersive, high-fidelity games in a free-to-play format. Those statements describe the studio’s ambitions in 2013; they do not establish which games, if any, Shiver later released.
Nexon presented the partnership as a combination of its free-to-play expertise and global publishing capability with Shiver’s Western-oriented game development. Schappert, Shiver’s founder and CEO, said in Nexon’s release: “Shiver Entertainment is focused on creating the world’s best free-to-play games and by working together, we combine Nexon’s expertise in online free-to-play games and global publishing capability with our AAA Western-oriented games.” This was a statement of intent at the time, not a report of completed releases.
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What is known about Shiver today?
The announcements and contemporaneous reporting cited here document the 2013 investment, publishing arrangement, and stated plans. They do not establish Shiver’s subsequent releases or present-day operating status, so the deal should be understood as a historical announcement rather than evidence that the studio remains active today.
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