TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Rad Game Tools; Tapjoy reaches settlement with the FTC; and Juked closes crowdfunding campaign at USD$1.07m (£788,000). Epic Games acquires Rad Game Tools Epic Games has announced that it has acquired Rad Game Tools, a software development operating out of Kirkland, Washington, for an undisclosed sum. Executives have confirmed that RAD’s technology is set to be integrated within Epic’s Unreal Engine, while the acquiree will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Hitmarker launches second crowdfunding campaign; MPL secures USD$500,000 (£375,000); and ESE Entertainment purchases K1CK. Hitmarker launches second crowdfunding campaign Video games and esports recruitment platform Hitmarker has announced the launch of its second crowdfunding campaign with the intention of securing £200,000 for a collective stake of 4%, valuing the British firm at £4.8m. The valuation is well over double the £1.9m it garnered in November 2019 through its [...]

In a demonstration of video gaming’s growing influence in other sectors, gamified fitness brands have featured prominently in investment headlines recently, perhaps most notably in the the USD$450m (£345m) funding round closed by Zwift in September. Subsequently, after several years in development, gamified combat sports brand JABII launched a crowdfunding campaign via the Indiegogo platform on Tuesday 13th October. In this exclusive interview, TheGamingEconomy speaks to JABII Group Founder and CEO Christian Thostrup (pictured below) on how the Copenhagen-based start-up is [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity seeks over USD$1bn (£774m) from IPO; Razer customer details reportedly exposed; and Juked.gg opens crowdfunding campaign. Unity seeks over USD$1bn (£774m) from IPO Unity Technologies has set its price range for its upcoming initial public offering (IPO) on the New York Stock Exchange at between USD$34 (£26) and USD$42 (£32) per share, which would net the game engine technology firm USD$1.05bn at the upper boundary and a [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameStop posts USD$111m (£85.6m) loss; Xbox Series X launch details revealed; and Grimorio of Games and JanduSoft secure USD$450,000 (£346,900). GameStop posts USD$111m (£85.6m) loss Video game retailer GameStop has posted a net loss of USD$111.3m (£85.8m) for the second quarter of its financial year, ended 1st August 2020. Once adjusted, the net loss from continuing operations of USD$91.2m (£70.3m) through the period is significantly wider than the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Dutch indie games studio Vlambeer shuts down after running for a decade; Big Fish Games lets go of 250 employees as part of a company restructure; and a Kickstarter campaign to fund Eiyuden Chronicle exceeds its initial target.   Vlambeer calls it quits after 10 years Dutch independent game studio Vlambeer has announced that it is closing down a decade after first opening its doors. Founded by Rami Ismail [...]

TheGamingEconomy’s Daily Digest brings you the latest news in the world of gaming. In today’s news: App Annie reports record gaming app downloads in Q2; CtW launches a campaign against EA’s pay practices; and a study shows that gaming fared better than other projects on Kickstarter during the height of COVID lockdown.   Q2 sees record-breaking app store downloads   Data and analytics firm App Annie reports that mobile gaming apps saw 14 billion downloads in Q2 – the highest number ever recorded. The [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Starbreeze to raise SEK250m (£21.8m); GP Bullhound closes €125m (£114m) fund; KAT VR passes £1m crowdfunding for Walk C treadmill. Starbreeze to raise SEK250m Stockholm-based developer Starbreeze AB has announced that it intends to raise SEK250m (£21.8m) in a new issuance of class A and B shares, as a result of delays in finding a publishing partner for its upcoming Payday 3 title due to the Covid-19 pandemic. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Kickstarter to cut staff by up to 45%; My.Games launches USD$10m (£8.0m) publishing programme; and Global Esports Federation partners with Commonwealth Games Federation. Kickstarter to cut staff by up to 45% Crowdfunding platform Kickstarter will layoff up to 45% of its 140 employees, following a marked reduction in the number of projects successfully raising funding through the service during the coronavirus pandemic. While the New York-based platform has [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Facebook to launch gaming app; Republic acquires Fig; and Sega shutters two former Demiurge titles. Facebook to launch gaming app Facebook Gaming will launch a dedicated streaming app today, with the aim of seizing greater market share from Twitch, YouTube, and Mixer, according to a reports published on Sunday (19th April). The free-to-download app will, initially, feature no advertising, and will instead be monetised through commission from viewer [...]