![]() ![]() ![]() In June, it hit an all-time low of just 2.1 cents (3c AUD). After raising an impressive $12.7 million ($18 million AUD) at 18 cents (26c AUD) per share when it first listed on the ASX, Mighty Kingdom has seen its stock price tumble as investors grow concerned. Its first major console title, Conan Chop Chop, sold poorly upon release in March. Since then, it's struggled with development delays, slow game sales and increasing staff expenses. In April 2021, in an attempt to cement its success and take advantage of the pandemic-induced video game boom, Mighty Kingdom listed on Australia's stock exchange, the ASX. In short, Mighty Kingdom has had a fairy tale run and more than lived up to its impressive name.īut behind the scenes, there's been a growing turmoil. It has been praised by all corners of the gaming community, applauded for its diverse hiring policy, four-day work week and mental health support. The company is seen as a major success story, championing talent in Australia, building a successful graduate intake program and working alongside many of the world's biggest brands, including Lego and Disney. Within the walls of this castle lies Australia's largest independent games studio: Mighty Kingdom.įrom humble beginnings in 2010, Mighty Kingdom has grown to employ an army of over 160 game developers, artists, engineers and designers. But when the sky darkens with storm clouds, the same glass projects a heavy gloom over the street below. Depending on the angle, you might catch sunlight sparkling off the exterior. In the bustling heart of Adelaide, South Australia, stands a castle made of glass. ![]()
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