WALTER DRIVER WOULD LIKE YOUR ATTENTION, PLEASE.
AS THE COFOUNDER AND CO-CEO OF SCOPELY, THE MOBILE GAMES COMPANY BEHIND SUCH FREE-TO-PLAY HITS AS MONOPOLY GO!, SCRABBLE GO, MARVEL STRIKE FORCE, AND STAR TREK FLEET COMMAND, HE KNOWS YOUR TIME IS PRECIOUS. THAT'S WHY HIS GAMES NEVER DEMAND MUCH MORE THAN A MINUTE OR TWO TO PLAY-UNLESS, OF COURSE, YOU CHOOSE TO KEEP GOING. BETTER TO LURE USERS IN WITH LITTLE NOTIFICATIONS THAT INSPIRE A MINUTE OF PLAY HERE, A FEW SECONDS THERE, SLIPPING INTO THE NEVER-ENDING RHYTHM OF SMARTPHONE PICKUPS A USER MAKES THROUGHOUT THE DAY.
Those minutes add up. In the past year, Scopely's 500 million users have played its games for 5 billion hours. That equates to approximately 570,000 years' worth of human attention.
Scopely doesn't simply captivate users' time, though. It captures their money, in similarly small increments. Powerups, skins, boosts, spins, dice rolls, and other virtual items priced from $1.99 to $60 or more-add up, too: Users spend an average of $90 every month, and the company is nearing $10 billion in lifetime revenue since its launch in 2011. At a time when the rest of the mobile games market is stagnant-global revenue declined 2% overall, to $107.3 billion, in 2023-the Los Angeles-based company is rocketing ahead. In 2024, it be came the top U.S. game maker in both the iOS and Google Play app stores by revenue, and the fourth-largest mobile games company in the world.
"They are masters of engagement and retention," says Brian Ward, CEO of Savvy Games Group, the Saudi Arabia backed holding company that spent $4.9 billion to acquire Scopely in July 2023. Ward, a veteran video game executive, has a mandate to invest heavily in the industry to position the nation for the future, as part of its Vision 2030 initiative to diversify away from oil and gas.
This story is from the Summer 2024 edition of Fast Company.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Summer 2024 edition of Fast Company.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE NEW RULES OF BUSINESS TRAVEL
In the era of hybrid teams, everyone is a road warrior-not just sales teams and C-suite execs. It's part of why business travel spending is expected to finally reach, and perhaps surpass, pre-pandemic levels by the end of the year, according to Deloitte. But, as with everything, work trips are not what they were in 2019. From airlines to banks, companies are finding new ways to make business travel easier-and even a little fun.
INTELLIGENT IMPACT
BUSINESS LUMINARIES SHARE HOW AI CAN INTERSECT WITH SOCIAL MISSION.
REDDIT'S REVENGE
IN AN ERA OF AI UPHEAVAL. THE CACOPHONOUS SOCIAL HUB EMERGES AS THE HUMAN-DRIVEN INTERNET'S LAST GREAT HOPE.
SO MANY WAYS TO LOSE
In the Ozempic era, Weight-Watchers is remaking itself to be something for everyone meal-plan program and a tele-health prescription service. But have consumers already lost their appetite?
10/10 - THE 10 MOST INNOVATIVE PEOPLE OF THE LAST 10 YEARS
In honor of Fast Company's 10th Innovation Festival in September, we identified 10 industrious leaders whose groundbreaking efforts defined the past decade in business. We spoke to them about their extraordinary achievements in tech, medicine, entertainment, and more. And we explored how the impact of their work has withstood passing fads, various presidential administrations, a pandemic, and many, many quarterly reports.
The Mysterious Reappearance of the Reggie Bar
How a beloved 1970s candy got called back up to the major leagues.
Gabriella Khalil
Gabriella Khalil, creative director, answers our career questionnaire.
The Fast and the Furious
High prices at McDonald's, Taco Bell, and other chains are sparking consumer revolt.
Lost in Truncation
Lost in Truncation Generative AI was supposed to unleash our creativity. Instead, it became our cultural trash compactor. Welcome to the age of summarization.
Campus Radicals
Welcome to UATX, Austin's new well-funded and controversial anti-woke university.