IP E-Games subsidiary forges pact with publisher of NBA 2K12

A new sports-themed online social game will soon be hosted and run in the Philippines, IP E-Games Ventures disclosed Friday to the investing public through the Philippine Stock Exchange (PSE).   E-Games said it sees its game publishing revenues substantially increasing from the new title it will produce in partnership with Take-Two International S.A.   Take-Two and E-Games’ subsidiary X-Play Online Games Inc. signed an exclusive local publishing agreement to formalize their team-up.   X-Play is a joint venture between E-Games and GMA New Media, Inc., a subsidiary of GMA Network listed in the PSE.   Take-Two is a subsidiary of Take-Two Interactive Software Inc., a developer, marketer and publisher of interactive entertainment.   Among Take-Two’s popular sports titles are NBA 2K11, NBA 2K12, Major League Baseball 2 K11.   It also publishes Grand Theft Auto and L.A. Noire. — Earl Rosero/TJD, GMA News