Game Maker Moves to Hollywood

Game Maker Moves to Hollywood

Game developer and publisher Com2uS Corp. is moving its business in Southern California, relocating its North American headquarters from El Segundo to Hollywood. The company, which is based in Seoul, South Korea, is leasing a 12,000-square-foot office space at the Sunset Media Center, located at 6255 W. Sunset Blvd.

Com2uS has developed video games including “The Walking Dead: All Stars,” “Tower Defense: Lost Earth” and the “Summoners Wars” franchise, and has previously collaborated with Santa Monica-based Activision Blizzard Inc. The Walt Disney Co., based in Burbank. 

Com2uS trades on the KOSDAQ under the ticker “078340.KQ” and reported $14 million of net profits for the third quarter of last year and about $103 million in sales, the latter of which was up 11% year over year.

Chicago-based real estate firm Cushman & Wakefield Inc. represented Com2uS in the transaction and said the company has signed a seven-year lease. The firm said that Com2uS will move into its new office during the first quarter of this year and that the location will employ about 150 people. Financial details of the lease were not disclosed.

U.S. operations for Com2uS were previously based in San Francisco, but were moved to a 12,500-square-foot space in El Segundo in 2014 when, according to the Los Angeles Times, competition for workers and affordable accommodations in the Bay area “proved unbearable.” 

Cushman & Wakefield executive managing director Greg Lovett said in a statement that Com2uS moved to Hollywood to be closer to the newer, younger generation of game developers and creatives, who he said tend to live closer to downtown, Hollywood and Silverlake due to the availability of amenities and affordable housing in those areas. 

He added that new space in Hollywood will be “slightly more efficient” than the El Segundo location. Other major video game companies based in Hollywood include electronic sports and entertainment company FaZe Holdings Inc. and game developer Exploding Kittens.

“This was a major strategic decision and a market-leading, trendsetting move by Com2uS,” Lovett said. 

“Traditionally, most major video game publishers in the greater Los Angeles area are not located in Hollywood – they position themselves in cities such as El Segundo, Santa Monica and Culver City for a variety of reasons,” he added.

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