TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: App Store paid game revenue at all-time low; German Bundestag approves €50m (£42.8m) games funding; and Proletariat raises USD$20m (£15.5m) in Series C funding. App Store paid game revenue at all-time low The share of premium games revenue on the Apple App Store has fallen to 1.8% as of September 30th 2019, its lowest ever, according to data recorded by Sensor Tower. As of September, premium games had [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Valve to launch VR Half-Life title; Skydance Media to form new studio; and PC & Mobile gaming revenue to pass USD$8.3bn (£6.4bn) in Greater Southeast Asia. Valve to launch VR Half-Life title Valve has announced that it is revealing its new VR title, Half-Life: Alyx, on Thursday 21st November at 10am PT. The move is significant given the popularity of the Half-Life franchise, with the first title in [...]

Late last week TheGamingEconomy headed to the upper floors of Google’s central-London offices so as to spend a little time hands on with Stadia. Even in the few days since that preview opportunity, updated news about the platform’s arrival has continued to land. Many were disappointed that the console would launch with 12 games – only one being a platform exclusive. Now there is some surprise that with little time until launch, that list has leapt to 22 titles. As other players [...]

Following the completion of a USD$6.8m (£5.26m) funding round earlier in November, TheGamingEconomy spoke with Chris Buckner, co-founder and CEO of Mainline, to discuss the future of the collegiate esports market, and how its growth will carry through to the professional level. Can you give us a brief history of Mainline, and the company’s work to date? I started my first company in 2014, a company called FanReact, which was a sports-only social media application. When we were acquired in 2016 we [...]

[UPDATED NOV 18TH] Numerous gaming companies and related tech outfits have been sharing their new financial reports in recent days, with the Q3 financial quarter drawing to a close at September’s close. The likes of Activision Blizzard, Tencent, Sony, Rovio, EA, Ubisoft, Facebook, Apple, Zynga, Nvidia and many others have all made public insights into their commercial fortunes, making it somewhat hard to keep up. As such, below we’ve rounded-up the key numbers from the most prominent reports. With companies in games and [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Stadia to launch with 22 titles; Innogames passes USD$1.1bn (£850m) lifetime revenue; and Microsoft less focused on games-as-a-service. Stadia to launch with 22 titles Google has announced that Stadia will launch tomorrow with 22 titles, expanded from the original lineup of just 12 games. The original line-up of titles was perceived as underwhelming by many in the industry, and while Stadia leads appeared to be taking a cautious [...]

Last night was a big night for Xbox. Microsoft hosted its X019 event in London, which was plump with announcements. If one theme dominated, though, it was the delivery of games as a service. Both Game Pass and Project xCloud enjoyed plenty of focus. The former is a subscription service for the Xbox One that adopts the ‘Netflix of Games’ model, giving users access to a library of titles for a regular fee. xCloud, meanwhile, is the coming Xbox cloud gaming streaming [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: FanAI raises USD$8m (£6.2m) funding; mobile users more likely to subscribe than make one-off payments; and Electric Square to open Leamington Spa studio. FanAI raises USD$8m (£6.2m) funding Esports analytics and audience monetisation platform FanAI has announced it has successfully concluded a USD$8m (£6.2m) funding round, led by Japanese conglomerate Marubeni Corporation. Other contributors to the round included Allectus Capital, CRCM Ventures, Courtside Ventures, GC Tracker Fund, M [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gaming revenue increases; Bethesda absorbs Human Head Studios; and John Carmack to step down as Oculus CTO. Tencent gaming revenue increases Tencent has released its financial results for the third quarter of 2019, with total revenue increasing by 21% year-on-year and 9% quarter-on-quarter to reach CN¥97.24bn (£10.78bn). A strong performance from the company’s smartphone gaming division, including the release of Call of Duty Mobile, has been cited [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Netflix hesitant to enter gaming; Epic acquires Quixel; and Hitmarker raises £200,000. Netflix hesitant to enter gaming Netflix CEO Reed Hastings has reiterated that the video streaming giant is not contemplating a move into the gaming industry in the near future. Speaking at the New York Times Dealbook conference, Hastings referred to the line in the letter to shareholder’s following the firm’s Q4 2018 results: “We compete with [...]