My.Games launches My.Studio to finance game studio

My.Games, the gaming division of Russia’s Mail.ru Group, said it is launching My.Studio, an investment initiative to find and fund a new triple-A game developer.

The Moscow-based company said it will fully fund a new studio and the development of a new triple-A shooter game. In addition, My.Games will work closely with the winner on development, customer support, legal and studio operations. The winning studio will have legal and creative independence.