TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent to invest away from gaming; ByteDance to enter core gaming; and Rockstar claimed £37.6m in VGTR in 2019. Tencent to invest away from gaming Tencent Holdings executives are planning to diversify its investment strategy away from focusing on gaming and will look to fund retail and payment platforms to support its WeChat offering, according to comments made by the Shenzhen-based firm’s president Martin Lau. Speaking to over 500 [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: NHS calls for loot box ban; Ubisoft to restructure editorial team; and NetEase Tom and Jerry title reaches 100m users. NHS calls for loot box ban NHS mental health director Claire Murdoch has issued a statement calling for a ban on loot boxes and limitations to in-game spending, in efforts to combat persistent gambling and compulsive behaviours in children. The health body is also supporting the UK parliamentary [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: USD$680m (£523m) spent in Epic Games Store; Valve Index sold out globally; and Asian gaming market to generate over USD$65bn (£50bn) in 2020. USD$680m (£523m) spent in Epic Games Store Since launching in December 2018, player spending on Epic Games Store has reached USD$680m (£523m), with 108 million PC having used the platform. A total of 36% of this revenue, USD$251m (£193m), was generated from third-party titles, although [...]

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: Team17 picks up Yippee Entertainment; Worldwide Christmas spend on apps tops USD$277m (£209.6m); and Nexon sells off mobile development subsidiary for JPN¥1 (£0.007). Team17 picks up Yippee Entertainment Long-standing UK developer and publisher Team17 has acquired Yippee Entertainment for close to £1.4m. Founded in 2011, Yippee develops own IP alongside end-to-end creation of games on a third-party basis. The company has also served as a digital publisher. Now wholly owned [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Typhoon Studios joins Google’s Stadia Games and Entertainment; Tencent-backed Global Esports Federation founded; and Twitch Fortnite viewership dips 28% in 2019. Typhoon Studios joins Google’s Stadia Games and Entertainment Following an acquisition independent developer Typhoon Studios has joined Google’s cloud-focused game division Stadia Games and Enetertainment. Founded in 2017, Typhoon is led by former Electronic Arts executive producer Reid Schneider, and previous Ubisoft creative director Alex Hutchinson. The acquisition [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent Nintendo Switch sells 50,000 units on release; GameStop posts net loss of USD$83.4m (£63.4m); and Gosu.ai raises USD$2.8m (£2.1m). Tencent Nintendo Switch sells 50,000 units on release The Tencent Nintendo Switch sold more than 50,000 units in China on its release day of 10th December 2019, according to estimates compiled by Niko Partners. Retailer JD.com reported 105,000 reservations and 20,000 actual sales, with Tmail reportedly having sold [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: iDream Sky in talks to acquire Leyou for USD$1.4bn (£1.1bn); PatronGG raises USD$1m (£760,000); and MLB The Show to debut on non-Sony consoles. iDreamSky in talks to acquire Leyou for USD$1.4bn (£1.1bn) iDreamSky Technology Holdings Ltd. has entered exclusive talks to purchase Leyou Technologies Holdings Ltd. for a sum of approximately USD$1.4bn (£1.1bn), according to sources speaking to Bloomberg on condition of anonymity. Leyou executives have been contemplating [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Nintendo Switch to launch in China on December 10th; Mario Kart Tour is most downloaded game of 2019; and Owlcat Games raises USD$1m (£770,000). Nintendo Switch to launch in China on December 10th The Nintendo Switch will launch in China on Tuesday December 10th, according to an official news briefing which took place this morning. The console, which will be marketed as “The Tencent Nintendo Switch” will be [...]