PlayPark Inc.
PlayPark Inc., also known as PlayPark Philippines and formerly known as Playweb Games Inc., is a live service game publisher in the Philippines. It is a subsidiary of Thailand tech holding company Asphere Innovations Public Co. Ltd. (formerly Asiasoft Corporation Public Co. Ltd.) and is responsible for managing the PlayPark brand and its operations in the Philippines.
SEC Philippines information
PlayPark Inc. was registered on June 8, 2011, under the SEC number CS201109838.
About
Background
The Philippine live service game publisher Level Up! Inc., which operated the gaming portal Level Up!, was originally owned by Level Up! International Holdings Pte. Ltd. (LUIH). In 2006, ePLDT, Inc. acquired a majority stake in Level Up! Inc.
As Playweb Games: 2011-2014
On July 11, 2011, ePLDT sold its entire interest in Level Up! Inc. On September 1, 2011, Level Up! Inc. announced that LUIH had re-acquired its ownership shares from ePLDT and that Level Up! Inc., effective that day, would sub-license all of its games to a newly established publishing company Playweb Games Inc.[1] Playweb Games was a separate corporate entity from Level Up! Inc. and acted as a publishing proxy, although its operations were mainly unchanged from ePLDT's ownership. There were no public announcements regarding the reasons for Playweb Games' creation.
In 2012, when Level Up! was merged with E-Games, an undisclosed commercial interest amount in Playweb Games was given to IP E-Game Ventures, Inc.
Asiasoft and PlayPark: 2012 onwards
In 2012, Thailand-based tech holdings company Asiasoft Corporation, through its Singaporean publishing subsidiary Asiasoft Online Pte. Ltd., announced that it was planning to enter the Philippine live service gaming market.[2]
In 2014, Asiasoft Corporation acquired both Level Up! Inc. and Playweb Games Inc. Playweb Games was re-established as PlayPark Inc. to manage the operations of the PlayPark portal in the Philippines.
References
- Level Up! Inc. Sub-licenses Games to Playweb Games Inc.. September 1, 2011 at 12:30AM. Cho. Level Up! news. Retrieved on 2023-12-05.
- Asiasoft putting up local online gaming unit. February 24, 2012. Louella Desiderio. Philstar.com. Retrieved on 2023-12-03.