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New Music Video Games Co. Launched

LOS ANGELES (Hypebot) – Music Video Games, a new music-based game company, will focus on delivering interactive entertainment experiences for both casual gamers and music fans.

MvG was founded by gaming vets David Warhol, president of video game studio Realtime Associates and Vincent Bitetti, a former CEO of TDK Mediactive. Bitetti will act as CEO and Warhol will be COO. Former WMG SVP of Business & Legal Mark Goldstein is listed as a strategic advisor.

According to Pacific Crest Securities, the U.S. online casual games business will grow to $725 million in 2008…

from $375 million in 2006, with casual games becoming a primary industry growth driver for 2008 and beyond.

“MvG has been created with the goal of bringing fun and easily accessible music games to an audience that has largely remained unnoticed to this point,” said Vincent Bitetti, CEO of MvG. “The music video game market and the online casual games market both continue to grow exponentially. MvG will provide games that will appeal to both demographics.”