Fri, Jan 06, 2012 | 21:33 GMT
Media Molecule spends £4.1 million on R&D to squelch dependence on LBP
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.