Pokemon Go: The Games Are Dead
News Corp Australia has confirmed the official death of Pokemon Go, the game that caught the world’s attention in 2016 and is the most downloaded app in the world.
News Corp Australia is not releasing the game’s details, but it’s likely to be in the billions of dollars.
The game is believed to have been worth billions of Australian dollars at launch.
News Corporation Australia is one of the biggest players in the Australian market, but its financials were under scrutiny earlier this year when the publisher of popular sports show Footy Show revealed it had a $2 billion debt load.
The company is now focusing on its games business, including a new animated series on Disney XD called The Magic Kingdom, and is expected to be announcing its financial results next month.