TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Hiro Capital to launch €100m (£87.2m) gaming fund; Starbreeze splits into two companies; and Riot Games sues Riot Squad. Hiro Capital to launch €100m (£87.2m) gaming fund Hiro Capital, a new venture capital firm, is launching a €100m (£87.2m) fund designed to support gaming and esports organisations. The fund will support approximately 20 post-seed funding companies in the UK and the EU, with investment divided between creative studios [...]

After making a few whispers earlier this year, Sony has finally given the world a chance to peak under the partially lifted lid that covers the in-development PlayStation 5. And, yes, it’s officially called the ‘PlayStation 5’. That won’t come as a surprise in the wake of the PlayStation, PlayStation 2, PlayStation 3 and PlayStation 4. But now the name is official, along with a ‘holiday 2020’ release window, as confirmed in a new Sony blog post. The announcement wasn’t especially big [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Sony Interactive Entertainment lays off ‘dozens’ of staff; Google Stadia to use negative latency; and TouchTen secures funding. Sony Interactive Entertainment lays off ‘dozens’ of staff Sony Interactive Entertainment has reportedly laid off ‘dozens’ of staff across its European (SIEE) and North American (SIEA) divisions, as part of previously-announced restructuring efforts. PlayStation directors reportedly visited SIEE officers in London on Tuesday to notify them of the corporate decision, [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Call of Duty Mobile surpasses 100 million downloads; Medal acquires Megacool; and Atari system architect leaves following payment dispute. Call of Duty Mobile surpasses 100 million downloads Call of Duty Mobile, published by Activision and developed by Tencent’s Timi Studio, has become the fastest selling mobile game launch of all time with 102.2 million downloads worldwide in its first week, according to data released by Sensor Tower. The [...]

In this special contributed piece Erick Fang, CEO of AI-driven ad platform Mintegral, explores the opportunity and challenges around cloud gaming. And as the release of Google Stadia nears, he considers how the roll-out of 5G will found any potential… March’s GDC presentation of Google Stadia was a real game-changer. Stadia and services like it could disrupt the gaming industry, just as Uber did with taxis, Netflix with TV and Amazon with shopping. Google, Microsoft and others vision a future without consoles [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tenacious Entertainment raises USD$3.3m (£2.7m); content streamed on Mixer triples; and Hearthstone player banned for Hong Kong protest support. Tenacious Entertainment raises USD$3.3m (£2.7m) Washington-based mobile developer Tenacious Entertainment has raised USD$3.3m (£2.7m) as part of an ongoing investment round. The studio was founded in 2018 by former ArenaNet employees, following restructuring efforts. The studio will release its as-yet unnamed debut title in 2020, and it mooted to [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Bidstack launches in the US; EA data breach affects 1600 Fifa 20 Global Series competitors; and Reality Gaming Group to raise £1.5m. Bidstack launches in the US Bidstack Group PLC, an ad tech company which enables brands to purchase native in-game inventory programmatically, has launched in the US. The firm’s efforts across the Atlantic, which have been on the cards since August this year, will be led by [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Mario Kart Tour reaches 90 million downloads; Ustwo Games accused of union busting; and PS4 cross-play moves out of beta. Mario Kart Tour reaches 90 million downloads Mario Kart Tour has reached 90.1 million downloads in its first week of release according to data from Sensor Tower, making it the fastest mobile game launch for Nintendo, surpassing Animal Crossing: Pocket Camp which saw 14.3 million unique downloads in [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: The FCC can repeal net neutrality; Rune raises USD$2m (£1.62m); and AlphaDream files for bankruptcy. The FCC can repeal net neutrality – Court of Appeals The US District of Columbia Court of Appeals has upheld the right of the Federal Communications Commission (FCC) to repeal net neutrality, ruling against Mozilla which brought the court case forward. However the court also ruled that individual states could maintain net neutrality [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Outfit7 celebrates over 10 billion downloads; Zynga data breach affects 200 million accounts; and Bungie to release non-Destiny IP by 2025. Outfit7 celebrates over 10 billion downloads Mobile developer Outfit7, creator of the Talking Tom and Friends franchise, is celebrating over ten billion app downloads on its tenth anniversary. Chinese firm Jinke Entertainment Culture purchased Outfit7 for a minimum sum of USD$1bn (£813m) in March 2017, with the [...]