IP e-Games Philippines

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IP e-Games Philippines is one of the leading online game publishers in the Philippines ^[1].

'IP e-Games Philippines has more than 4 million registered users, with 950,000 active users per month^[2]. On average, IP e-Games Philippines hosts 40,000 concurrent users for its games, including RAN Online, O2Jam, Dreamville and Battle Position.

IP e-Games Philippines has a wide selection of games that caters to casual gamers to core enthusiasts. Its flagship game, RAN Online, a campus-based Massive Multiplayer Online Role-Playing Game (MMORPG), and rhythm game O2 Jam. In addition, IP e-Games Philippines has Battle Position, a platform-based real-time shooter, and Dreamville, the first Social Network Service (SNS) in the Philippines. During the last quarter of last year, IP e-Games Philippines launched two additional games: Supreme Destiny is a classical fantasy MMORPG for those in the want for sword and sorcery, while Audition: Online Dance Battle gives music lovers the chance to see their characters rule the online dance floor. IP e-Games Philippines together with IAH Singapore, launched Granado Espada, a 3D MMORPG created by Hakkyu Kim, creator of Ragnarok Online.

GMA New Media, Inc. (GMA-NMI), a 100% subsidiary of GMA Network, Inc. entered into a Shareholders' Agreement with IP E-Game Ventures, Inc. (IPE), a subsidiary of IPVG Corp. for the purpose of creating and operating a joint venture company to be incorporated under the name "I-Play, Inc." which will engage in the business of designing, operating, and maintaining casual online gaming and casual online gaming-related portals.^{[citation needed]}

I-Play, Inc. shall have an authorized capital stock of Eight Hundred Million Pesos (Php 800,000,000.00), with an initial paid-in capitalization of Two Hundred Million Pesos (Php 200,000,000.00). It will be equally owned by GMA-NMI and IPE, with each party having a 50% stake in the company.^{[citation needed]}