TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Lightfox Games raises USD$3.3m (£2.5m); Nintendo restricts commercial use of Animal Crossing; and BLAST secures £1.7m. Lightfox Games raises USD$3.3m (£2.5m) Nascent mobile developer-publisher Lightfox Games has announced that it has raised USD$3.3m (£2.5m) in a seed financing round led by March Gaming, with support from Hiro Capital and 1Up Ventures. The Seattle-based studio is set to use the investment to support the release of its debut accessible [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox files to go public; Skilz revenue up 92%; and NetEase online game revenues reach CN¥13.9bn (£1.60bn). Roblox files to go public Roblox Corporation has filed its S-1 registration documents with the US Securities and Exchange Commission ahead of its prospective initial public offering (IPO) on the New York Stock Exchange under the ticker RBLX. While the California-based video game platform has not disclosed how much it will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple halves IAP commission for smaller developers; Gunzilla Games launches; and Nvidia gaming revenue reaches record USD$2.27bn (£1.71bn). Apple halves IAP commission for smaller developers Technology giant Apple has announced that it will halve the commission rate it charges for in-app purchases (IAPs) made through its App Store to 15% for developers earning up to USD$1m (£753,000) per year on a post-commission basis. The reduced tariffs will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group in 13-strong acquisition spree; Queens Gaming Collective raises USD$1.5m (£1.1m); and AudioMob secures USD$1.5m (£1.1m). Embracer Group in 13-strong acquisition spree Video games holding company Embracer Group has greeted the start of this November morning with somewhat of a mother lode of M&A announcements, with the Karlstad-based group revealing that it has acquired 13 separate companies from across the globe. The initial considerations total approximately SEK2bn [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group prepares for SEK750m (£65.6m) IPO; Zynga opens new Texas studio; and LILA Games raises USD$2.8m (£2.1m). Thunderful Group prepares for SEK750m (£65.6m) IPO Following on from the news earlier in the week that it has acquired Station Interactive, Swedish developer-publisher Thunderful Group has applied to list publicly on the Nasdaq First North Premier Growth Market. The initial public offering (IPO) will consist of both [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group acquires Station Interactive; MGI completes €80m (£72m) bond placement; and ACCO Brands expands into gaming with PowerA purchase. Thunderful Group acquires Station Interactive Gothenburg-based video game holding company Thunderful Group has announced that it has acquired 100% of the assets in fellow Swedish studio Station Interactive for an undisclosed sum. The acquired development house, commonly referred to as “The Station”, is best known for its in-house [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity revenue climbs by 53.3%; Statespace raises USD$29m (£22m); and Tencent gaming revenue up 45%. Unity revenue climbs by 53.3% Unity Software Inc. has announced its financial results for the third quarter ended 30th September 2020, in which it completed its USD$1.3bn (£987m) IPO on the New York Stock Exchange, disclosing that revenue climbed by 53.3% year-over-year to USD$200.8m (£152.5m). The earnings rise was driven by several titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PUBG Corp. to invest USD$100m (£75.5m) in India; Corsair acquires Gamer Sensei; and Hector Rodriguez re-acquires OpTic Gaming. PUBG Corp. to invest USD$100m (£75.5m) in India PUBG Corporation has announced that its PUBG Mobile title is set to return to the lucrative Indian market, two months after it terminated the publishing contract brokered with Shenzhen-based conglomerate Tencent Holdings following a swathe of app bans imposed by the national [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nexon posts company-record Q3; Fnatic secures USD$10m (£7.6m); and Tommy Tallarico settles Roblox copyright dispute. Nexon posts company-record Q3 Tokyo-based online games studio Nexon has announced company-record revenue of JP¥79.4bn (£571m), a year-over-year increase of 52%, for the third quarter of its financial year ended 30th September 2020. The growth was driven by the strong performance of its mobile portfolio, which saw growth of 140% over 2019 and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Griffin Gaming Partners raises USD$235m (£178m); Enthusiast Gaming applies for Nasdaq listing; and ironSource reportedly preparing for IPO. Griffin Gaming Partners raises USD$235m (£178m) Griffin Gaming Partners has raised USD$235m (£178m) to invest in the video games industry, with approximately half of the funds going towards gaming platforms and technologies, while the remaining 50% will support smaller-scaled development studios. Similarly, approximately half of the raised capital will support [...]