Mobile game consolidation forecast as King, Glu lead
In the hits-driven mobile video game business, King Digital Entertainment (KING) and Glu Mobile (GLUU) are leading the pack. Since September 2013, only eight games have launched that have spent at least three months among the top 20 grossing U.S. games for Apple’s (AAPL) iPhone. Half of those best-selling games have been from King or Glu, Cowen analyst Doug Creutz said in a note Wednesday. King produced “Farm Heroes Saga” and “Bubble Witch 2 Saga,” while Glu came out with “Deer Hunter 2014” and “Kim Kardashian: Hollywood.” “We think these successes are representative of the better game development, marketing and support that King and Glu are able to deliver relative to their peers,” Creutz said. October sales data point to King and Glu as clear leaders in the mobile games space, he says. Last month, King held a quarter of the top 20 games on the iPhone and Google’s (GOOGL)…