Majesco Shifting Away From Retail Games, Replaces CEO

The publishing house behind Cooking Mama, Costume Quest, and Psychonauts has announced that a few changes are in their future. Current CEO Jesse Suton is being replaced and the publisher is shifting focus from packaged retail software exclusively to digital downloads and mobile. Majesco has also downsized to a mere five employees, all efforts to reduce expenses at the publisher, according to Jesse Suton.

In the next two fiscal quarters, Majesco will release two games, Glue and a new A Boy and his Blob for next-gen platforms and PC.

“We have reduced our headcount dramatically, and our cash burn, in order to focus on the download business, which is essentially a royalty business where games are downloaded from servers maintained by game companies, such as Valve, Microsoft, Sony and Nintendo,” Sutton said in a statement. “As we adjust to our new business model, we expect that our future quarters will be break even to profitable. “We continue to explore new distribution channels and are working with developers to increase these numbers and further reduce costs.”

Majesco has had a long-time relationship with Nintendo platforms, going as far back as 2001, with Fortress on Game Boy Advance. The publisher is also known for bringing Taito’s Cooking Mama franchise to North America starting in 2006. In recent years, the publisher has been in financial straits, facing delisting from the NASDAQ several times in recent history.

More on Majesco’s future as it develops…

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