TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent and Huawei partner for cloud gaming; Colopl acquires Mages; and HQ Trivia returns. Tencent and Huawei partner for cloud gaming Tencent has partnered with Huawei to launch a co-innovation development lab which will power a new mobile cloud gaming platform, termed GameMatrix. The collaboration will leverage Huawei’s Kunpeng processor technology with the firms prioritising emerging areas within the gaming industry, namely artificial intelligence (AI), virtual reality (VR), [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Cloud gaming to reach USD$56.57bn (£48.80bn) by 2027; DreamCraft raises USD$3m (£2.6m); and Google Stadia partners with Unity. Cloud gaming to reach USD$56.57bn by 2027 The global cloud gaming market is forecast to reach USD$56.57bn (£48.80bn) by 2027, representing a CAGR from 2018 of 15.7%, according to estimates from Fortune Business Insights. Several factors have been cited as drivers towards this growth, including the increased adoption of online [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Scopely raises USD$200m (£173.1m) for M&A; The Sandbox secures USD$2.01m (£1.74m); Robin Games secures USD$7m (£6.05m) seed funding; and Mainframe Industries raises €7.6m (£7.1m). Scopely raises USD$200m (£173.1m) for M&A Los Angeles-based mobile publisher Scopely has secured USD$200m (£173.1m) in Series D funding, with investment primarily coming from media group Advance and consumer investment firm The Chernin Group. The latest haul, which takes Scopely’s total funding to USD$658.7m [...]

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: SEA Telcos to launch gaming joint venture; Horizon raises USD$5m (£3.8m); and Nvidia acquires SwiftStack. SEA Telcos to launch gaming joint venture Singapore Telecommunications (Singtel), its Thai affiliate Advanced Info Service (AIS), and South Korean firm SK Telecom have partnered to launch an as-yet unnamed joint venture focusing on gaming-related revenue streams. The new collaboration will focus on partnering with international developers operating in the Southeast Asian (SEA) [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Google opens Playa Vista Stadia studio; Esports Players League completes USD$1m seed round; and Phoenix Games acquires Studio Firefly. Google opens Playa Vista Stadia studio Google has opened its second studio specifically focused on making games and entertainment content for the Stadia cloud platform. The studio will be based in Playa Vista, California, joining the existing operation in Montreal, Canada. Former Sony Santa Monica lead Shannon Studstill is to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nvidia revenue climbs 41%; Sony wrestling with PlayStation 5 price-setting; and Google Activision Blizzard deal valued at USD$160m (£123m). Nvidia revenue climbs 41% Nvidia has published its financial results for the forth quarter and fiscal year 2020, with quarterly revenue rising by 41% year-on-year to reach USD$3.11bn (£2.39bn), with operating income for Q4 climbing by 237% to USD$990m (£761m). The increase has been attributed to strong adoption of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Activision Blizzard withdraws titles from GeForce NOW; Supercell revenue climbs 2%; and DKB bank to offer esports scholarships. Activision Blizzard withdraws titles from GeForce NOW Activision Blizzard has withdrawn its titles from the Nvidia GeForce NOW cloud gaming platform, just a week after the service launched fully. At the time of publication, neither company has cited a reason for the request, which has seen the removal of titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft viewing Google and Amazon as main competitors; DeNA reports JP¥49.4bn (£346m) loss; Zynga posts record annual revenue; and Nexon Korea agrees 6.8% salary raise with union. Microsoft viewing Google and Amazon as main competitors Microsoft is viewing big tech firms, namely Google and Amazon, as its main competitors in the gaming landscape, as opposed to its traditional console rivals Sony and Nintendo, according to Phil Spencer, executive [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Activision Blizzard and Google sign partnership; Developers shift focus to next-gen consoles and VR; and LPL suspended indefinitely due to coronavirus. Activision Blizzard and Google sign partnership Activision Blizzard and Google have signed a multi-year strategic partnership which will see the latter becoming the developer-publisher’s preferred provider of game hosting infrastructure via its Google Cloud division. While unconfirmed, it is likely that Activision Blizzard development staff will work more [...]