TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Scopely secures USD$340m (£262m) Series E funding; Shotcall raises USD$2.2m (£1.7m); and EA fined up to €5m (£4.5m) over loot boxes. Scopely secures USD$340m (£262m) Series E funding Los Angeles-based mobile gaming company Scopely has announced that it has secured USD$340m (£262m) in Series E funding at a suggested post-money valuation of USD$3.3bn, with the funding set to be used to support inorganic growth through acquisitions as well [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft gaming revenue up 22%; Sony sees strong digital growth; and CD Projekt Red delays Cyberpunk 2077 for third time. Microsoft gaming revenue up 22% Microsoft has released its financial results for the first quarter (ended 30th September) of its 2020-2021 financial year, revealing that revenue attributed to its gaming segment climbed by USD$550m (£422m), representing a growth of 22% year-over-year to approximately USD$3.1bn (£2.4bn). Despite being the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Facebook enters cloud gaming market; Esports Entertainment Group in dual acquisition; and MY.GAMES revenue climbs by 33%. Facebook enters cloud gaming market Facebook has announced the launch of cloud gaming capabilities across its Facebook Gaming platform and web browsers, joining other big tech giants Google (Stadia) and Amazon (Luna) in launching similar products. While other platforms have primarily catered towards PC and console titles, Facebook is initially prioritising [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: VSPN raises USD$100m (£76.6m); Koei Tecmo sales up 39.7%; and Scopely acquires Genjoy. VSPN raises USD$100m (£76.6m) Shanghai-based esports solutions provider Versus Programming Network (VSPN) has announced that it has closed a USD$100m (£76.6m) Series B round, which will be used to support the expansion of its ecosystem outside of the Chinese market as well as the development of its products, most notably its first-party short-form video platform. [...]

The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ragnarok accuses Bethesda and ZeniMax of complicity in allegedly sabotaging Rune 2; streaming network Venn raises $26m in series A funding; and Ghost Gaming is set to move to Atlanta after being acquired by a group of investors.   ZeniMax, Bethesda, and Roundhouse brought into Rune 2 lawsuit   Ragnarok, the publisher behind Rune 2, has accused ZeniMax Media, Bethesda Softworks, and Roundhouse Studios of deliberately sabotaging the [...]

The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayFab introduces a new pay-as-you-go option to make its services more accessible; NBA 2K21 makes the controversial decision to insert non-skippable ads into its game’s loading screen; and Frost Giant Entertainment raises $4.7m to realise its RTS ambitions.   Microsoft’s PlayFab introduces pay-as-you-go option   PlayFab, Microsoft’s games developer division, has announced that it will introduce a pay-as-you-go plan for customers to use its services. The move follows [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: TIGA reports that 2019-2020 has seen the fastest growth for the UK games industry; Esports Guild signs its first major sponsorship since its IPO; and PopReach wins investment from eWTP’s New Insight Incentive Company.   UK games industry growth at fastest ever, finds TIGA   Research from TIGA, the trade association that represents the video games industry, has found that the year 2019-2020 has seen the fastest growth for the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Playtika files to go public; 2020 gaming ad spend reaches peak in September; and non-profit games organisation Hit Save launches.   Playtika files for IPO   Israel-based Playtika has announced that it plans to go public, having filed a confidential S-1 registration with the US Securities and Exchange Commission. The mobile games publisher had reportedly been working on filing for its initial public offering (IPO) since 2019, and like many [...]

In this monthly series, TheGamingEconomy takes an in-depth look at a sample of the 300 companies added to the TGE Index over the last month. In this edition: French development studio Dontnod Entertainment; AI voice assistant and marketing technology firm Fridai; and esports organisation FaZe Clan. Dontnod Entertainment The first of this month’s TGE Index intake to be featured is French studio Dontnod Entertainment, which specialises in the development of PC and console titles on a “AA” budget. The Parisian outfit was [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EVOS Esports raises USD$12m (£9.3m); Alliance Entertainment acquires GameFly; and active development ceased on StarCraft II. EVOS Esports raises USD$12m (£9.3m) Singapore-based Attention Holdings, parent company of EVOS Esports, has announced that it has raised USD$12m in a Series B funding round led by Korea Investment Partners, with support from Insignia Ventures Partners, along with new investors Mirae Asset Ventures, Woowa Brothers, and Indogen Capital. The investment will [...]