Report: Majesco Entertainment steps away from games industry and into med-tech

Majesco Entertainment has reportedly decided to step away from the games industry and into the medical industry, with a merger recently completed that will has seen Majesco not only take on PolarityTE as a "wholly-owned subsidiary" of Majesco Entertainment, but will also see Majesco operating as Polarity, too.

Polygon are reporting that the long-lived publisher — founded back in 1986 and known for publishing titles like Psychonauts, Cooking Mama and… Sharknado: The Game — is going out quietly, with no plans to publish any further titles. Their last releases were A Boy and His Blob and the console edition of Gone Home, which both released in January 2016 under Majesco’s Midnight City label.

The company had moved into casual games in recent years, but had been hamstrung by a decline in the casual market and was often threatened with NASDAQ delisting. This new direction marks a big change for the company. Majesco’s current CEO Barry Honig is departing the company, and the firm is moving to Salt Lake City where it’ll be headed up by PolarityTE’s founder Dr Denver Lough.