“The mobile games industry is attracting rapidly increasing levels of venture capital, according to research published today by Screen Digest…Most of the influx of funds has come from private equity partnerships and, to date, has been aimed at Jamdat Mobile, Mforma, In-Fusio, Digital Bridges in descending order of total funding raised…The statistics also reveal that E380m was spent by customers downloading mobile games in 2003, but volumes more than doubled in 2004 with a total of E778m being spent on mobile games worldwide.”
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