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Media Molecule spends £4.1 million on R&D to squelch dependence on LBP

Friday, 6th January 2012 21:16 GMT By Stephany Nunneley

Media Molecule stated in its annual report that its main business risks came “largely as a result of the company’s heavy reliance” on the LittleBigPlanet brand.

The firm also stated in its financial report it was “vital” for the firm to focus a “high proportion of its resources on R&D” in order to maintain its “leading position as a developer of innovative games”. The LittleBigPlanet creator plans to continue being at the forefront of technological advances and “bring new and often risky innovations” to market through high quality products.

At of the end of March 2011, the firm spent £4.1 million ($6.3 million) on R&D, and made £3.44 million in profit, It also made investments in “leading edge physics and dynamics, rapid world creation from laser data, innovative routes to market via web based interfaces, 3D stereo-optics for advanced simulation, and use of ‘hi-def’ data capture and processing techniques”.

The firm, which currently has around 50 staff members, has said previously it doesn’t plan on creating a third installment in the LBP franchise.

Thanks, Develop.

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4 Comments

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  1. Psychotext

    I assume that’s basically the salaries of a bunch of people sat around just trying out different concepts?

    #1 3 years ago
  2. G1GAHURTZ

    At of the end of March 2011, the firm spent £4.1 million ($6.3 million) on R&D, and made £3.44 million in profit

    Why waste your money?

    Just stick with a winning formula, and there’s no need to “step away” from anything…

    #2 3 years ago
  3. Erthazus

    “Why waste your money?”
    “Just stick with a winning formula”

    Great, talented developers experiment with new ideas and iP’s

    #3 3 years ago
  4. Kabby

    I’m all for them putting their talents into making a real game and not a modern day shoot-em-up construction kit.

    #4 3 years ago