01/03/2010 Press Release Seas Entertainment Limited (formerly 7Seas Technologies), an intellectual property (IP)-based game development company, is looking at infusing investments to the tune of ₹25 crore in IP creation for different genres and platforms over a period of two years. "We already have to our credit 400 IP-based games in segments including online, PC, and mobile. With our own gaming engines and other advanced technology, which came along with the acquisition of Germany-based Neodelight in 2008, we are now aiming at adding 600 IP games to our existing catalogue in the next two years. We are currently weighing various options to raise the requisite funds," L. Maruti Sanker, managing director of 7Seas Entertainment, told Business Standard. Stating that IP creation in gaming was as important as in any other knowledge sector, with hundreds of man-hours and a whole lot of costs involved, he said depending on the platforms, an investment of anywhere between $10,000 (approximately ₹4.75 lakh) and $5 million (₹23.75 crore) was required in a successful IP-based game. - press release