Seattle start-up Against Gravity has raised USD$24m (£18.9m) of VC funding. The money will help bolster Rec Room, the studio’s blend of social space, game compilation and user content generation platform. As reported by TechCrunch, Against Gravity raised the investment over two rounds of funding. The first Series A funding round was led by Sequoia, while Index Ventures spearheaded the second, Series B, which concluded recently. Investors in Against Gravity include Acequia Capital, Anorak Ventures, Betaworks, DAG Ventures, First Round Capital [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Epic Games acquires social platform Houseparty; Riot Games in trouble with gender discrimination investigation; and The Esports Global Fund launches. Epic Games acquires social platform Houseparty Houseparty, the face-to-face social network, has been acquired by Fortnite and Unreal Engine creators, Epic Games. Financial terms of the deal have not been disclosed. According to the announcement from Houseparty, the deal will help the social platform connect even more friends, families [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Nintendo impresses consumers with dazzling E3 game line-up; Microsoft could set sights on Asia; and Nintendo speaks out against crunch. Nintendo impresses consumers with dazzling E3 game line-up Always closely watched at E3, Nintendo came up with the goods at its press event. With people having already asserted that Nintendo has ‘won’ E3, something every company aims to do each year, the company focused on software for existing hardware, [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: New Xbox console will offer backwards compatibility; Ubisoft to launch subscription service; and Google Stadia will support publisher-specific subscriptions. New Xbox console to offer backwards compatibility Microsoft announced that all Xbox 360 games will be able to be played on Xbox One; big news, and something Xbox players have been demanding for a long time. Yesterday (10 June) Microsoft released the news on their official ‘Inside Xbox’ video series [...]

With this year’s huge E3 gaming conference hardly underway, Microsoft has revealed that its follow up to the Xbox One console, announcing that the machine is due to launch in 2020. Code-named Project Scarlett, the coming console promises to be ‘four times’ as powerful as Microsoft’s current-generation Xbox One. Console ‘power’, of course, is too complicated to exist on a linear spectrum where all games machines are comparable using a single metric. But thanks in-part to a custom processor, built by Microsoft [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Microsoft acquires Double Fine; Tencent sells Glu Mobile shares; and Bethesda Softworks announces cloud gaming platform. Microsoft acquires Double Fine (& confirms new Xbox) Microsoft has confirmed it’s bought beloved games studio, Double Fine Productions. Microsoft announced at its E3 keynote is was buying the games creator, founded by LucasArts’ Tim Schafer. Double Fine, known as one of the first studios to crowdfund its game, Broken Age, in a Kickstarter [...]

Google has moved to reveal more details on its eagerly anticipated Stadia cloud-gaming service; namely pricing structures, launch details and launch games. The gaming platform – due in November this year – requires no console-like ‘box’ or dedicated hardware beyond a game controller or mouse and keyboard. Instead, games will be streamed over the cloud direct from Google data centres to customers’ screens and controllers. Stadia will be available over smart TVs, laptops, desktop computers and smartphones. Users will access the [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Harry Potter game achieves 100,000 installs in first month; Gamestop shares slump to 16-year low; Zynga launches exclusive Snapchat game. Harry Potter game achieves 100,000 installs in first month Harry Potter: Wizards Unite launched into open beta in Australia and New Zealand on 1 May, 2019 and the game, from Niantic and Warner Bros, has been installed over 100,000 times since from the App Store and Google Play, according [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Google teases Stadia details; WeQ acquires Booster Studios; and BlueStacks launches SDK for developers to publish Android games to Steam. Google teases Stadia details Google has subtly announced it will soon (6 June) be releasing details of its upcoming cloud-based games console, Stadia. A static image on a YouTube video announces Stadia Connect, launching 9AM PDT/6pm CEST on 6 June. It will reveal pricing, games, and launch details. The [...]

Apple has used its annual Worldwide Developers Conference to detail the coming iteration of its iPhone operating system, iOS 13. Overall, iOS 13 promises to deliver faster, more responsive performance; something anyone would expect from a new operating system. However, thanks to the new ways in which apps are stored on an iPhone, software downloads are purported to be much faster, while Apple says apps will take up to 50% less storage space than currently seen. That may be significant to [...]