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 [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent partners with NVIDIA for START; Nreal files Magic Leap counter lawsuit; and Rambler Media Group drops Twitch claim. Tencent partners with NVIDIA for START Tencent and NIVIDIA have announced a partnership which will see the latter’s GPU technology power the upcoming Tencent START cloud gaming platform. Moreover, the two firms have announced a “joint innovation lab” which will examine new applications for AI, game engine software optimisations [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Qualcomm and Niantic collaborating on new AR glasses; Wildlife Studios raises USD$60m (£45.7m) for mobile portfolio; Gameloft closes UK studio. Qualcomm and Niantic collaborating on new AR glasses The studio behind the phenomenally popular augmented reality mobile game Pokémon GO is working with semiconductor and telecommunications equipment giant Qualcomm to develop a new AR headset. While Pokémon GO was pivotal in introducing mobile to the masses, as highlighted by [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Apple AR headset delayed until 2022; Stadia to launch with 12 titles; and Starbreeze submits plan to pay off debts. Apple AR headset delayed until 2022 Apple is due to release an augmented reality (AR) headset in 2022, followed by a more ergonomic pair of AR glasses in 2023, according to an internal presentation obtained by The Information. The purported release date goes against analyst expectations, with late [...]

‘Mixed reality’ content will see 10 billion app installs by 2024, up from 3 billion in 2019, says a new report. The prediction comes from research and analytics outfit Juniper Research, which has published the results of a new study titled ‘Consumer Mixed Reality: Emerging Opportunities, Vendor Strategies & Market Forecasts 2019-2024’. ‘Mixed reality’ – or ‘MR’- is a term defined slightly different in different places; particularly since it’s deployment as marketing jargon when hype around virtual reality spiked in the wake [...]

Google has made the software for its Cardborad VR system open-source, with a view to letting third-party developers continue to support the platform and existing apps. The announcement came via a Google blog post, and is as much and end-point as it is an attempt to breath some more life into the tech giant’s VR ecosystem. Google had already dropped it’s Daydream VR mobile virtual reality system, and is no longer actively working on the VR SDK development toolset that powers [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Niantic establishes developer fund and location sponsorship; China and US agree to roll back tariffs; and US gaming spending reaches USD$9.18bn (£7.13bn) in Q3 2019. Niantic establishes developer fund and location sponsorship Niantic has announced that it has established the Niantic Creator Program, a USD$10m (£7.8m) sponsorship fund for developers of augmented reality (AR) titles. Successful applicants to the programme will also be eligible for direct support from [...]