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Toys for Bob heading development on this year's Skylanders game

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Veteran Skylanders developer Toys for Bob is heading the franchise's latest title, which is set to launch later this year, Activision Publishing's CEO Eric Hirshberg said in the company's recent financial conference call.

During the company's quarterly earnings presentation, Hirshberg announced that Toys for Bob — the studio that worked on 2011's Skylanders: Spyro's Adventure and 2012's Skylanders Giants — is already developing the new game. More information on the title is coming later this year, according to Hirschberg.

The latest Skylanders title, Skylanders Swap Force, was headed by Vicarious Visions, the studio behind the 3DS version of Skylanders: Spyro's Adventure, the Wii U version of Skylanders Giants and the three mobile Skylanders titles that launched in 2012, Skylanders: Cloud Patrol, Lost Islands and Battlegrounds.

Activision's recent financial results also stated the Skylanders franchise has generated more than $2 billion in life-to-date sales worldwide. Last year, the series was the best-selling children's game for the second year in a row, as well as the number three best selling franchise for 2013.