TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft reveals Xbox Series S; PUBG Corp. axes Tencent India publishing contract; and WinZo raises USD$18m (£14m). Microsoft reveals Xbox Series S Microsoft has officially unveiled its next-generation Xbox Series S console in an announcement on Twitter, following an earlier leak published on Thurrot. As has been rumoured, the new device is positioned as a more affordable alternative to the Xbox Series X, at the trade-off of lower [...]

The Gaming Economy daily digest brings you the leading news from the gaming industry. In today’s edition: Epic files a motion to prevent Apple from launching countermeasures during the pair’s ongoing court case; criticism of Apple becomes more apparent in Japan; and India’s decision to ban PUBG sees Tencent’s market value tumble.   Epic appeals to court to stop Apple retaliating over Fortnite case   Epic Games has filed a motion requesting that the courts intervene to bring its popular Fortnite title back to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gamezop raises USD$4.3m (£3.3m); Voodoo opens two APAC offices; and Keywords Studios acquires Maverick Media. Gamezop raises USD$4.3m (£3.3m) Install-less hyper-casual gaming platform Gamezop has raised USD$4.3m (£3.3m) in a Series A funding round led by BITKRAFT Ventures and supported by FJ Labs, Survam Partners, and Velo Partners. The Gamezop platform is used to integrate HTML5 titles in apps such as India Today, Firefox, Xiaomi Pay, in return [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Take-Two Interactive to acquire Playdots for USD$192m (£146m); RektGlobal buys Fearless Media; and first India-focused video games VC firm launches. Take-Two Interactive to acquire Playdots for USD$192m (£146m) Take-Two Interactive has announced that it is set to acquire mobile developer Playdots for USD$192m (£146m), comprising of USD$90m (£68m) in cash and USD$102m (£77m) in newly issued common stock shares. The acquired New York-based studio has released three titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Riot Games terminates Neom partnership; Volograms raises €1.5m (£1.4m); and Konami enters PC hardware market. Riot Games terminates Neom partnership Riot Games has announced that it has terminated the partnership between its League of Legends European Championship (LEC) division and Saudi Arabian city building project Neom, just a day since the collaboration was agreed. The cancellation comes after staunch criticism of the deal over Saudi Arabia’s human rights [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tim Sweeney accuses Apple and Google of monopolisation; Rabbit & Bear Studios formed; and Jeff Karp leaves Big Fish Games for EA. Tim Sweeney accuses Apple and Google of monopolisation Epic Games CEO Tim Sweeney has accused Apple and Google of monopolistic and anti-competitive practices on their respective mobile stores, in an interview published on CNBC. Sweeney’s arguments centre around the tech giants’ policies forbidding competing stores running [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nazara buys majority stake in Paper Boat Apps; tinyBuild acqui-hires Hello Neighbor team; and Carbonated raises USD$8.5m (£6.8m). Nazara buys majority stake in Paper Boat Apps Mobile games company Nazara Technologies has completed the purchase of a 51% stake in educational game developer Paper Boat Apps, best known for its Kiddopia title, for a total consideration of INR₹830m (£8.80m). Nazara completed the purchase of its fellow Mumbai-based developer [...]

TheGamingEconomy’s Daily Digest brings you the latest news in the world of gaming. In today’s news: New EU regulation gives developers and publishers more rights against platforms; Amazon pushes New World MMO back to 2021; and Leyou gives Tencent priority in acquisition talks. New EU regulation gives developers and publishers more rights against platforms A new piece of EU legislation, which gives European games developers and publishers more protection against distributor platforms, came into effect yesterday (12 July). The new rules mean [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple terminating Arcade games for retention; PlayBrain raises USD$6m (£5m); and Mountaintop Studios formed. Apple terminating Arcade games for retention Apple Inc. is reportedly cancelling development contracts with partners for its Apple Arcade service as it seeks to improve customer retention on the fledgling platform. According to anonymous sources speaking to Bloomberg, Apple has been informing developers of certain in-production titles that their new titles lacked sufficient engagement, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games targets USD$17bn (£14bn) valuation; Ubisoft opens Vietnam studio; and Gearbox Software sues Apogee Software. Epic Games targets USD$17bn (£14bn) valuation Epic Games is set to raise USD$750m (£598m) in a funding round which would raise its valuation from the USD$15bn (£12bn) it garnered in 2018 to USD$17bn (£14bn). According to sources speaking to Bloomberg on condition of anonymity, the round will be financed by existing investors [...]