- Jam Town reached over a thousand million gamers and $4bn in earnings underneath Yguado’s management.
- Yguado’s co-founders DeWolfe and Whitcomb had already exited the industry again in 2023.
- Sim named creativity, innovation, and operational excellence as his priorities heading into the brand new function.
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Jam Town co-founder and CEO Joshua Yguado has stepped down from the function after 16 years main the cell video games corporate he helped construct from the bottom up.
Yguado took to LinkedIn to announce his departure, noting that Jam Town has reached over a thousand million gamers and generated greater than $4 billion in earnings all through his tenure.
The corporate’s portfolio comprises Harry Potter: Hogwarts Thriller, Disney Emoji Blitz, Cookie Jam, and Panda Pop, constructed thru partnerships with Disney, Warner Bros., Apple, and Google.
Chul-min Sim, who these days serves as CEO of Kabam, has been appointed to steer Jam Town whilst preserving his current function. Yguado will stay on Jam Town’s board in the course of the transition.
A brand new bankruptcy
The twin-CEO association will permit Sim to supervise each corporations concurrently as Jam Town heads into what Yguado described as a powerful pipeline of recent titles.
Additionally, Sim named his priorities as participant delight, long-term expansion, and operational self-discipline as he is taking the reins.
“Jam Town has an implausible portfolio of video games and cherished manufacturers, powered by means of proficient groups and cherished by means of players world wide,” stated Sim. “I am so excited to enroll in the workforce and lend a hand lead the corporate into its subsequent bankruptcy.
“Our focal point shifting ahead is apparent: proceed to please our gamers and construct for long-term expansion thru creativity, innovation and operational excellence in our constantly-evolving gaming business.”
