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(New Daily forced to raise further $3m, less than six months after launch)
(The Emotional Experience Of Video Games- 'Journey' Creator Talks Developing Games That Move Players)
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General news website The New Daily has been forced to raise a further $3 million in capital, less than six months after launching.  
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is the independent video game studio behind 2006鈥檚 鈥淔low,鈥?2009鈥檚 鈥淔lower鈥?and 2012鈥檚 鈥淛ourney.鈥?The developer is known for mapping out games according to what they want players to feel, rather than by establishing specific game mechanics. Still, 鈥淛ourney,鈥?which launched on March 13, 2012, has won numerous accolades. It won six awards at the Game Developers Conference in 2013, including Best Game Design, Best Audio and Game of the Year.
The site launched late last year with $3 million in funding from AustralianSuper, United Super, the trustee of construction industry fund Cbus and Industry Super Holdings, a company that owns various industry fund entities.
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鈥淢y intention isn鈥檛 to make the game that鈥檚 going to generate the most revenue possible. I grew up with games. It changed my life. It changed my <a href=http://www.buycelinebags.com/celine-cabas-bags-38>Celine Cabas Bags</a> social relationships with my friends. It defined my childhood. It鈥檚 something I really cherished,鈥?Chen said of the success of 鈥淛ourney.鈥?
In February, it attracted a further $1 million each from health fund Hesta, timber fund First Super, and LUCRF Super, with an option to invest a further $3 million down the track.  
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"Seeing games become more of a young person thing, I feel like a toy I grew up with has been left behind. I don鈥檛 want to. I want this thing to be respected by adults. I want this thing to be growing with me.聽It鈥檚 important to have games that could be more nuanced and reflective of the real world and relevant to adults,鈥?Chen said.
But some of the site s foundation investors did not take part in the capital raising, and their ownership has been diluted.  
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None of thatgamecompany鈥檚 projects possess any dialogue. Instead, they鈥檙e driven by compelling music and <a href=http://www.buycelinebags.com/celine-celine-wallets-39>Celine Wallets</a> scenic graphics that allow players to create their own experience and interpretation of his company鈥檚 titles.
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鈥淟anguage is very deceiving. In certain languages, there is certain vocabulary that doesn鈥檛 exist in other languages. It totally changes how people feel about things,鈥?he said. 鈥淏eing a Chinese man working on games, particularly console gaming, in order to find something that would really resonate with people, I had to find something that was really primal, very universal. I drew a lot of inspiration from Pixar, how a film can be well-loved by all cultures. It鈥檚 because they always talk about the fundamental things 鈥?family, peace.鈥?Chen鈥檚 favorite Pixar movie is 2004鈥檚 鈥淭he Incredibles,鈥?a heart-warming film about a superhero family.
A spokesperson for AustralianSuper confirmed that the super fund remained an investor, but had not contributed any further funding in February.  
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鈥淲hen we鈥檙e working on games, I like the fact that there are no words, so we can focus on what is more primal. A lot of time when you don鈥檛 speak, the feeling is more pure.鈥?
Sources <a href=http://www.saclouisvuittonhomme.com/bagages-louis-vuitton-48>Bagages Louis Vuitton</a> said it was unlikely that either AustralianSuper or Cbus would contribute any further member funds to the start-up. A source at Cbus also confirmed the super fund was re-examining its investment in&nbsp;The New Daily&nbsp;after less than 12 months.  
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Though his studio has received positive attention and what most would consider commercial success, does Chen still consider thatgamecompany to be an indie brand?
Fairfax Media understands some super funds are unhappy with the lack of personal finance content and original content, and its readership levels.
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鈥淚 was indie when we started eight years ago. But today, indie is very difficult. There are thousands of iPhone apps coming out every day. Most of these apps are made by individuals in their spare time. Are they indie? If they are, how are they different from us? It鈥檚 <a href=http://www.buycelinebags.com/celine-clasp-bags-40>Celine Clasp Bags</a> weird. Indie is not cool anymore,鈥?Chen said. 鈥淏ut there鈥檚 something romantic and exciting about indie, trying something really new. My definition of indie is that it鈥檚 financially not proven. Basically, if someone makes 鈥楩lappy Bird,鈥?and it鈥檚 already proven to be financially successful, and someone makes a clone, is he indie? I don鈥檛 think so. You already know it will make money. It鈥檚 soulless. There鈥檚 no heart. It鈥檚 about the heart.鈥?
The New Daily&nbsp;has been marketed to the more than five million Australians who are members of not-for-profit, or industry, funds. But Nielsen figures show the site had a unique audience of 124,000 in June, and 106,000 in May, putting it just outside the <a href=http://www.saclouisvuittonhomme.com/portefeuille-louis-vuitton-50>Portefeuille Louis Vuitton</a> top 100 news sites.  
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Chen is adamant that financial success was never the company鈥檚 primary goal.
When AustralianSuper announced its investment in&nbsp;The New Daily, it stated: AustralianSuper is supporting The New Daily&nbsp;and offering it to all members as a quality news service that provides a wide range of content with regular features on personal finance topics. 
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鈥淲ith 鈥楯ourney鈥?and 鈥楩lower鈥?we鈥檝e never seen games like this in the past. We don鈥檛 know if it鈥檚 going to work. I believe they will work, because these emotions are needed in the industry. Even with our current project, it鈥檚 a pretty indie project. We鈥檙e trying something no one has done in the past. There鈥檚 a lot of risk involved, but it鈥檚 really exciting.鈥?
The New Daily&nbsp;is produced by Motion Publishing, whose directors include&nbsp;Crikey&nbsp;owner Eric Beecher and former&nbsp;Herald Sun&nbsp;and&nbsp;The Age&nbsp;editor Bruce Guthrie.&nbsp;Mr Beecher did not respond to calls. &nbsp;
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Its directors are industry funds stalwart Garry Weaven, AustralianSuper director Alison Terry, Media Super chairman Gerard Noonan and former Fairfax executive Glenn Thompson.
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Jenova Chen.
Mr Weaven told last year: I'm the first one to understand that it is somewhat speculative. The market is moving all the time. But, on the numbers we've done, it can be justified as a commercial investment.
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&nbsp;Courtesy/Abigail Elise/IBTimes
Last year, at a Senate Estimates Committee hearing, Nationals Senator John Williams questioned the investment of three large super funds in&nbsp;The New Daily. Specifically, Senator Williams raised concerns about the use of member funds to bankroll a website, and ethical conflicts.  
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ASIC chairman Greg Medcraft ordered an investigation and reported that currently all advertisements are for Cbus, AustralianSuper and ME Bank , but there was no bias towards those advertisers in copy.  
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<a href=http://www.saclouisvuittonhomme.com/court-portefeuilles-74>Court Portefeuilles</a> Advertisers at&nbsp;The New Daily&nbsp;now include&nbsp;realestateview.com.au, a real estate advertising site.  
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Scoops have included former Melbourne Storm boss Brian Waldron apologising for salary-cap breaches at the club, and an interview of controversial Victorian MP Geoff Shaw by the former footballer Jason Akermanis.
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Revision as of 08:22, 22 August 2014

@@@ is the independent video game studio behind 2006鈥檚 鈥淔low,鈥?2009鈥檚 鈥淔lower鈥?and 2012鈥檚 鈥淛ourney.鈥?The developer is known for mapping out games according to what they want players to feel, rather than by establishing specific game mechanics. Still, 鈥淛ourney,鈥?which launched on March 13, 2012, has won numerous accolades. It won six awards at the Game Developers Conference in 2013, including Best Game Design, Best Audio and Game of the Year. 鈥淢y intention isn鈥檛 to make the game that鈥檚 going to generate the most revenue possible. I grew up with games. It changed my life. It changed my <a href=http://www.buycelinebags.com/celine-cabas-bags-38>Celine Cabas Bags</a> social relationships with my friends. It defined my childhood. It鈥檚 something I really cherished,鈥?Chen said of the success of 鈥淛ourney.鈥? "Seeing games become more of a young person thing, I feel like a toy I grew up with has been left behind. I don鈥檛 want to. I want this thing to be respected by adults. I want this thing to be growing with me.聽It鈥檚 important to have games that could be more nuanced and reflective of the real world and relevant to adults,鈥?Chen said. None of thatgamecompany鈥檚 projects possess any dialogue. Instead, they鈥檙e driven by compelling music and <a href=http://www.buycelinebags.com/celine-celine-wallets-39>Celine Wallets</a> scenic graphics that allow players to create their own experience and interpretation of his company鈥檚 titles. 鈥淟anguage is very deceiving. In certain languages, there is certain vocabulary that doesn鈥檛 exist in other languages. It totally changes how people feel about things,鈥?he said. 鈥淏eing a Chinese man working on games, particularly console gaming, in order to find something that would really resonate with people, I had to find something that was really primal, very universal. I drew a lot of inspiration from Pixar, how a film can be well-loved by all cultures. It鈥檚 because they always talk about the fundamental things 鈥?family, peace.鈥?Chen鈥檚 favorite Pixar movie is 2004鈥檚 鈥淭he Incredibles,鈥?a heart-warming film about a superhero family. 鈥淲hen we鈥檙e working on games, I like the fact that there are no words, so we can focus on what is more primal. A lot of time when you don鈥檛 speak, the feeling is more pure.鈥? Though his studio has received positive attention and what most would consider commercial success, does Chen still consider thatgamecompany to be an indie brand? 鈥淚 was indie when we started eight years ago. But today, indie is very difficult. There are thousands of iPhone apps coming out every day. Most of these apps are made by individuals in their spare time. Are they indie? If they are, how are they different from us? It鈥檚 <a href=http://www.buycelinebags.com/celine-clasp-bags-40>Celine Clasp Bags</a> weird. Indie is not cool anymore,鈥?Chen said. 鈥淏ut there鈥檚 something romantic and exciting about indie, trying something really new. My definition of indie is that it鈥檚 financially not proven. Basically, if someone makes 鈥楩lappy Bird,鈥?and it鈥檚 already proven to be financially successful, and someone makes a clone, is he indie? I don鈥檛 think so. You already know it will make money. It鈥檚 soulless. There鈥檚 no heart. It鈥檚 about the heart.鈥? Chen is adamant that financial success was never the company鈥檚 primary goal. 鈥淲ith 鈥楯ourney鈥?and 鈥楩lower鈥?we鈥檝e never seen games like this in the past. We don鈥檛 know if it鈥檚 going to work. I believe they will work, because these emotions are needed in the industry. Even with our current project, it鈥檚 a pretty indie project. We鈥檙e trying something no one has done in the past. There鈥檚 a lot of risk involved, but it鈥檚 really exciting.鈥?

Jenova Chen.
 Courtesy/Abigail Elise/IBTimes
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