Jagex News - Page 2 of 3

Jagex Beefs Up Their Development Team With The Recent Hire Of Three Industry Veterans

July 5, 2019 Marc Marasigan Comments

As part of their aggressive 2019 recruitment drive, British video game developer Jagex has just hired a number of industry veterans to fill key roles in the studio. According to Jagex, the new members of the team will undoubtedly help them expand their development capabilities for both existing and new titles. Melissa Bachman-Woods joins Jagex as Vice-President of Studio. Bachman-Woods [...]

Jagex Reports Record Breaking Year with $122M in Revenue

May 3, 2019 Omer Altay Comments

Jagex, the UK based developer behind RuneScape, reported a record breaking year with $122M in revenue in 2018, up 9.3% from 2017. Perhaps more impressively though, profits before tax were $61M, which puts the company's profit margin at 50%. RuneScape also reports having its highest number of paid memberships ever. No word on the previously reported sale of Jagex. To [...]

Chinese Company Shanghai Fukong Announces Plans To Sell Runescape Developer Jagex

January 26, 2019 Marc Marasigan Comments

In 2016, Shandong Hongda, a Chinese iron ore mining operations company acquired Runescape developer Jagex in a $300-million-dollar deal. A few months later, Shanghai Fukong, formerly Zhonji Holding, was established to supervise Jagex and the gaming branch of Shandong Hongda. Since the acquisition, Runescape has been raking in revenue, setting record-high profits in 2018 and Jagex even announcing their plans [...]

RuneScape Turns 18 Years Old with Highest Ever Paid Members

January 6, 2019 Yellow Dellow Comments

Despite its growing age, RuneScape is doing better than ever. Its recent launch of Old School RuneScape on mobile gave the game a hefty boost pushing the total subscriber count to over 1 million. The game's mobile launch has been a huge success as it reached over 5 million installs since launch and pushed the franchise to its highest ever [...]

Jagex To Announce Publishing Initiative At Gamescom, RuneScape Passes $1 Billion In Lifetime Revenue

August 20, 2018 E Tay Comments

Jagex, the studio behind RuneScape, is ready to try its hand at third party game publishing. In a press release issued last week, Jagex revealed their plans for what they're calling Jagex Partners. More information on the platform will be revealed during Gamescom, a gaming convention running from August 21-25 in Cologne, Germany. Billed as a publishing platform for 'living [...]

Jagex is Working on a New F2P MMO

July 12, 2017 Omer Altay Comments

Jagex, the company best known for Runescape, has another free to play MMO in the works according to a new job posting for a Senior Game Designer in the UK. No word on what the new MMO will be, but based on a previous announcement it will likely be powered by SpatialOS. It could also be related to "Runescape Next-Gen" [...]

Jagex Partners With Improbable To Use SpatialOS In Future Projects

May 17, 2017 Matt Chelen Comments

Jagex announced today that it has partnered with Improbable in order to use SpatialOS in future game projects. Even just one sentence into this article, I know what you're probably wondering. "Does this have anything to do with the nebulous NextGen leak?" I can hear you ask. The answer is that we don't know. What we do know is that [...]

Jagex Acting CEO Talks About Their Experiences Under Chinese Company

April 25, 2017 Marc Marasigan Comments

It’s been nearly a year since Jagex and their flagship game RuneScape was acquired by the Chinese company Fukong Interactive Entertainment. So how are things fairing over at Jagex? Well, if their newly refurbished offices are any indication, they seem to be doing quite well. Jagex COO and Acting CEO Phil Mansell sits down with Game Industry’s Christopher Dring to [...]

Jagex Reports "Record Performance" For 2016, Revenues Up 28%

April 5, 2017 Matt Chelen Comments

Jagex announced today that 2016 was a year of "record performance" for it. The company saw a 28% increase in revenues year-over-year, totaling £74.4 million in revenues. Profits after tax increased to £28.8 million. For comparison, the company's 2015 revenues totaled £57.9 million, whereas its 2014 revenues totaled £44.9 million. Jagex attributes its success this year to investment in RuneScape [...]

Jagex Acquired By Chinese Investors, New Board Of Directors

July 14, 2016 Matt Chelen Comments

Jagex announced today that it has been acquired by a group of Chinese investors. As a result of the acquisition, "a new Board of Directors has been constituted." The acquisition of Jagex appears to be just the beginning. The press release describes plans for the company's future as follows. The acquisition of Jagex is the first move in creating a [...]

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