Sony Computer Entertainment America (SCEA) and Sony Computer Entertainment Europe (SCEE) announced the introduction of in-game advertising on PLAYSTATIONยฎ3 (PS3). In-game advertising will be sold and delivered to PS3 through advertisement distribution partners, with IGA Worldwide selected as the first partner. This partnership will serve to bolster the already rapidly growing in-game advertising industry, which according to Nielsen Media Research, is expected to grow into a $1 billion dollar industry by 2010.
“In-game advertising is a nascent, and as yet, untapped market with great potential that PS3 is primed to capitalize on.” said Phil Rosenberg, Senior Vice President, Sales and Business Development, SCEA. “This innovation is not only for developers and advertisers but also to create value and an enhanced experience for the gaming community.
“PlayStation 3 is undoubtedly the prime opportunity for the in-game advertising industry,” said Justin Townsend, CEO, IGA Worldwide. “Through this partnership with Sony, IGA can provide advertisers with a large and valuable global user base of 16-35 year old consumers with disposable income. With our standardized awareness-building advertising formats being delivered directly into people’s living rooms while they play, there are great opportunities for advertisers looking to engage through an entertainment medium outside of the traditional TV spot.”
SCEA and SCEE Announce Advertising Partnership with IGA Worldwide
According to the NPD Group, the $17 billion dollar video game industry is expected to continue to grow and with already 9 million PS3 consoles sold worldwide in the past fiscal year, this trend does not look like it will be slowing down. NPD number show overall video game sales in April up 17 percent over last year.
About Sony Computer Entertainment America Inc.
Sony Computer Entertainment America Inc. continues to redefine the entertainment lifestyle with its PlayStationยฎ and PS oneยฎ game console, the PlayStationยฎ2 computer entertainment system, the PSPยฎ (PlayStationยฎPortable) handheld entertainment system, the ground-breaking PLAYSTATIONยฎ3 (PS3โข) computer entertainment system and its online and network services PLAYSTATIONยฎNetwork and PLAYSTATIONยฎStore.
Recognized as the undisputed industry leader, Sony Computer Entertainment America Inc. markets the PlayStation family of products and develops, publishes, markets and distributes software for the PS one game console, the PlayStation 2 computer entertainment system, PLAYSTATION 3 and the PSP system for the North American market. Based in Foster City, Calif., Sony Computer Entertainment America Inc. serves as headquarters for all North American operations and is a wholly owned subsidiary of Sony Computer Entertainment Inc.
About Sony Computer Entertainment Europe Ltd
Sony Computer Entertainment Europe (SCEE), based in London, is responsible for the distribution, marketing and sales of PLAYSTATIONยฎ3, PlayStationยฎ2, PSPโข (PlayStationยฎPortable) and PLAYSTATIONยฎNetwork software and hardware in 99 territories across Europe, the Middle East, Africa and Oceania. SCEE also develops, publishes, markets and distributes entertainment software for these formats, and manages the third party licensing programs for the formats in these territories.
About IGA Worldwide
IGA Worldwide, Inc. (www.igaworldwide.com) is the largest in-game advertising company with a proprietary ad serving network. The IGA Worldwide Radial NetworkSM enables advertisers to target millions of engaged gamers across a wide range of platforms and genres. IGA Worldwide has already delivered campaigns for diverse brands such as; 20th Century Fox, Ben Sherman, Discovery, FHM, Hawaiian Airlines, Intel, Jeep, MTV, and T-Mobile. IGA Worldwide also provides strategic consulting services including integrated product placement and promotion through its dedicated creative solutions department. Headquartered in New York with offices in London and Berlin, the group is backed by Peacock Equity (a joint venture between GE-Commercial Finance and NBC Universal), Easton Capital Group, Intel Capital, Morgenthaler Ventures, KTB Ventures, Translink Capital, Presidio STX, LLC. and ITOCHU Corporation.
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