TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bazooka Tango raises USD$2.5m (£2.0m); Samsung to shutter PlayGalaxy Link; and Impressivo secures Series A funding. Bazooka Tango raises USD$2.5m (£2.0m) Nascent studio Bazooka Tango, formed by the former development team of mobile MMO Vainglory from Super Evil Megacorp, has raised USD$2.5m (£2.0m) in Series A funding. The round was led by Bitkraft Esports Ventures, with additional participation from MTG, Mergelane, and a selection of unnamed investors. The [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Cubic Motion; USD$4.1bn (£3.2bn) invested in XR in 2019; Super League Gaming posts net loss of USD$30.6m (£24.1m); and GameStop shareholders demand board representation. Epic Games acquires Cubic Motion Epic Games has acquired Manchester-based facial animation technology firm Cubic Motion for an undisclosed sum. The acquisition is not thought to result in any job losses, while current contracts held by the acquired firm will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Global esports revenue to hit USD$1.1bn (£848m); Facebook acquires Sanzaru Games; and PlatinumGames establishes new studio. Global esports revenue to hit USD$1.1bn (£848m) The esports economy is predicted to generate global revenue of USD$1.1bn (£848m) in 2020, an increase of 15.7% from the USD$950.6m (£732.8m) generated last year, according to the Global Esports Market Report 2020 published by Newzoo. Approximately USD$822.4m (£634.0m), or 74.8% of total global esports [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Google rolls out hypercasual platform for low spec devices and networks; CD Projekt now Europe’s second-largest game company; and Oculus making ‘significant headway’ against HTC’s VR effort. Google rolls out hypercasual platform for low spec devices and networks Google’s experimental tech ‘workshop’ Area 120 has launched Gamesnacks, a new HTML5-based mobile gaming platform that supports lower-spec phones, as well as networks such as 2G and 3G. Geared towards fast [...]

In this special contributed feature by Wilhelm Voutilainen, senior game analyst at GameRefinery looks at what we can learn about mobile gaming by looking back to the previous year, pulling insights from the company’s considerable pool of data. — So here we are in 2020 – not just a new year, but the start of a whole new decade. We’ve returned to our desks full of heady optimism, and focused on the future. Looking back at the past year can often be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Digital drives 68.7% of EA’s Q3 net revenue; Zuckerberg still committed to AR and VR as ‘the holy grail of social experiences’; and Global Game Jam 2020 begins. Digital drives 68.7% of EA’s Q3 net revenue EA’s digital net revenue totalled USD$1.12bn (£854.7m) in the last full financial quarter, demonstrating the significance of the company’s considerable portfolio of live games to its commercial health. That figure accounts for 68.7% [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: XR revenue to reach USD$14.9bn (£11.4bn) in 2023; Nintendo mobile games generate USD$1bn (£768m); and Disney to close Fogbank Entertainment. XR revenue to reach USD$14.9bn (£11.4bn) in 2023 The global XR market is projected to reach USD$14.9bn (£11.4bn) by 2023, according to estimates released by Nielsen’s SuperData division. Forty-five percent of this figure, USD$6.7bn (£5.1bn), can be attributed to sales of AR/MR hardware and consumer software, which would [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: 55% of UK dev jobs are outside of London and the South East; Atari to open gaming hotels; and USD$10m-plus (£7.68m-plus) contracts for top streamers departing Twitch 55% of UK dev jobs are outside of London and the South East UK games industry trade body Ukie and cultural charity the BFI have released a new report that reveals that 55% of game developers were based outside London and the [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Facebook Gaming increases audience share; China regulators launch mental health initiative targeting gaming; Pokemon GO generated USD$894m (£684m) in 2019; and Hamburg launches €2.08m (£1.77m) developer fund. Facebook Gaming increases audience share Facebook Gaming increased its audience share of its streaming market by 210% year-on-year during 2019, reaching 102 million total hours watched in December alone, according to figures released in the Q4 State of Streaming report by [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Games grew 4% in 2019 to USD$120.1bn (£91.8bn); Razer applies for Digital Full Bank License in Singapore; and Xiaomi set to invest CNY¥50bn (£5.5bn) in AI, 5G and IoT. Games grew 4% in 2019 to USD$120.1bn (£91.8bn) Games globally generated USD$120.1bn (£91.8bn) in 2019, marking 3% growth from the previous year. Strikingly, Fortnite alone accounted for USD$1.8bn (£1.4bn) of the total revenues, assertion its position as a bona fide [...]