SpicyIP Tidbit: Indian Gaming Industry and IP creation

The gaming industry is a $10 billion industry in the US and India seems to be the next favourite destination for major players, domestic and international. With the Indian mobile gaming industry, according to NASSCOM, projected to rake in $300 million by 2009, several major players have wisely decided to use IP creation as an effective tool of harnessing the opportunities. DQ entertainment, the Hyderabad-based animation and gaming company has announced a Memorandum of Understanding (MOU) with Japan’s THINK Corporation, which is a 20-yr old veteran in the field of intellectual property creation services. This is good news which reflects the increased IP awareness in companies dealing with high-end technologies.