TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: US gaming time up 45%; SteelSeries acquires A-Volute; and Torque Esports partners with Blake Broadcasting. US gaming time up 45% Time spent gaming in the United States has increased markedly during movement restrictions imposed as a result of the ongoing coronavirus pandemic, with the monthly Video Game Tracking survey by Nielsen Games suggesting an increase of 45%. Significant rises were observed in each of the other surveyed countries, [...]

In this exclusive interview, TheGamingEconomy speaks to Yuheng Chen, COO of rct studio, to discuss the development of their AI-driven solutions and first-party titles, following a successful Series A funding round of USD$10m (£8.1m) led by Makers Fund. How will the recent funding round be used to support development of Morpheus Engine, and its constituent Motion Prediction Generation System & Chaos Box? What role are the investors taking on in supporting the company? We’ve already been busy putting the USD$10m (£8.1m) to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Subspace raises USD$26m (£21m); Apple eyeing NextVR acquisition; and Tencent becomes majority Huya shareholder. Subspace raises USD$26m (£21m) Internet traffic management organisation Subspace has launched publicly and has revealed that it has raised USD$26m (£21m) in funding led by Lux Capital. The Los Angeles-based firm received the funding in 2018 to develop its hardware and software solutions which it uses to reduce latency across online multiplayer gaming, with [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Lightheart Entertainment raises €1.3m (£1.1m); Demiurge regains independence; and Tin Giant sues Atari. Lightheart Entertainment raises €1.3m (£1.1m) Lightheart Entertainment has raised seed funding of €1.3m (£1.1m) from Galaxy Interactive’s EOS VC fund. The investment will be used by the Helsinki-based studio to expand its debut mid-core title Mr. Autofire beyond its test launch in the United States, as well as developing further titles within the mobile sector. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Twitch content at all-time high; Japan plans esports expansion; and controversy over Gearbox bonuses. Twitch content at all-time high Streamlabs and Stream Hatchet will report later today (2nd April 2020) in their Q1 2020 live streaming industry report that content consumption across the major streaming platforms, namely Twitch; Mixer; Facebook Gaming; and YouTube Gaming Live, has increased substantially during the quarter. Market-leader Twitch has surpassed its records for [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Niantic acquires 6D.ai; iDreamSky and CVC to lower Leyou bid; and mobile gaming on the rise during Covid-19. Niantic acquires 6D.ai Niantic has acquired fellow augmented reality (AR) firm 6D.ai for an undisclosed sum, as it bids to expand its offering within gaming as well as to other enterprise applications. 6D.ai is based in San Francisco and has built a range of APIs allowing smartphone cameras to detect [...]

[LATEST UPDATE: 3rd April] As the COVID-19 novel coronavirus continues its spread and has hit pandemic level, there has been a growing impact on the game industry. The game sector’s problems, of course, are trivial compared to the millions impacted and the potential danger to millions more across the world.  However, the earlier Taipei Game Show and Mobile World Congress were previously cancelled amidst concerns around the virus, the potential arrival of the next-generation consoles may – or may not – [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Cloud Imperium raises USD$17.25m (£13.91m); €1m (£892,000) investment in Anybrain; and Koch Media & Kalypso Media expand publishing partnership. Cloud Imperium raises USD$17.25m (£13.91m) Cloud Imperium Games has announced that it has raised USD$17.25m (£13.91m) in additional funding from existing investors the Calder Family Office; Snoot Entertainment; and ITG Investment. The investment was raised through a one-time discounted share purchase option negotiated at the time of the developer-publisher’s [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent and Huawei partner for cloud gaming; Colopl acquires Mages; and HQ Trivia returns. Tencent and Huawei partner for cloud gaming Tencent has partnered with Huawei to launch a co-innovation development lab which will power a new mobile cloud gaming platform, termed GameMatrix. The collaboration will leverage Huawei’s Kunpeng processor technology with the firms prioritising emerging areas within the gaming industry, namely artificial intelligence (AI), virtual reality (VR), [...]

Fortnite outfit Epic Games has launched a new multi-platform publishing initiative that promises to be ‘developer-first’ in its make-up and delivery. A number of high-profile game studios are already on board with the Epic Games Publishing effort, with Playdead, Remedy Entertainment and gen DESIGN announced as early partners. “We’re building the publishing model we always wanted for ourselves when we worked with publishers,” said Tim Sweeney, Epic Games founder and CEO. “gen DESIGN, Remedy, and Playdead are among the most innovative and talented [...]