Developer

• Adobe acquires Facebook's Medium; Epic Game Store enables third-party in-game purchasing

  15 hours ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Adobe acquires Facebook’s VR sculpting tool Medium; Epic Game Store enables third-parties to offer in-game purchases; Bethesda puts The Elder Scrolls Legends development on hold. Adobe acquires Facebook’s VR sculpting tool Medium Creative software provider Adobe has acquired the VR sculpting tool Medium from Facebook for an undisclosed sum. Launched by the social media giant in December 2016, the art tool previously let users of VR systems paint, sculpt [...]

• Qualcomm and Niantic Collaborating on New AR Glasses; Wildlife Studios Raises USD$60m (£45.7m)

  4 days ago News

  

  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 [...]

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• The secret ingredient in AI-powered community moderation? Humans.

  2 weeks ago News

  

  Tackling toxicity in online communities is a demanding, nuanced and sometimes thankless task. As communities around single games grow into tens of millions – or hundreds of millions in some cases –  a tiny minority of problematic users can still present a sizeable group, and cause real harm to significantly large audiences. The challenge in meeting, managing and countering toxicity is two-fold. Firstly, as a human craft game moderation can be remarkably demanding on community management staff. The thing is, there remains [...]

• Microsoft Considers xCloud-Exclusive Titles; Global Game Spend Forecast Revised to USD$148.8bn (£115.9bn)

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Microsoft considers xCloud-exclusive titles; global game spend forecast revised to USD$148.8bn (£115.9bn); Coherance raises USD$2.5m (£1.9m) seed funding; and Misfits launches USD$10m (£7.8m) esports and gaming incubator. Microsoft considers xCloud-exclusive titles Microsoft is considering releasing exclusive titles on the upcoming Project xCloud platform, and is actively engaging with third-party developers along with in-house studios, according to an interview with Kareem Choudhry, corporate vice president, gaming cloud, published in [...]

• Interview: AppLovin's Carl Livie on Making In-App Bidding Mainstream

  3 weeks ago News

  

  Late last year mobile marketing platform AppLovin acquired in-app bidding start-up MAX. The AppLovin team has since built out the MAX platform, and integrated the real-time mobile header bidding solution into its wider ecosystem. Now MAX has had a little time out in the wild in the hands of mobile developer and publisher customers, we caught up with Carl Livie, MD EMEA of AppLovin, to talk in-app bidding. Could it be that the long-promised in-app bidding revolution is finally underway? And [...]

• App Store Paid Game Revenue At All-Time Low; German Bundestag Approves €50m (£42.8m) Games Funding

  3 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: App Store paid game revenue at all-time low; German Bundestag approves €50m (£42.8m) games funding; and Proletariat raises USD$20m (£15.5m) in Series C funding. App Store paid game revenue at all-time low The share of premium games revenue on the Apple App Store has fallen to 1.8% as of September 30th 2019, its lowest ever, according to data recorded by Sensor Tower. As of September, premium games had [...]

• Streaming and the Cloud: What We Learned from Microsoft's XO19 Event

  4 weeks ago News

  

  Last night was a big night for Xbox. Microsoft hosted its X019 event in London, which was plump with announcements. If one theme dominated, though, it was the delivery of games as a service. Both Game Pass and Project xCloud enjoyed plenty of focus. The former is a subscription service for the Xbox One that adopts the ‘Netflix of Games’ model, giving users access to a library of titles for a regular fee. xCloud, meanwhile, is the coming Xbox cloud gaming streaming [...]

• FanAI Raises USD$8m (£6.2m); Mobile Users More Likely to Subscribe than Make One-Off Payments

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: FanAI raises USD$8m (£6.2m) funding; mobile users more likely to subscribe than make one-off payments; and Electric Square to open Leamington Spa studio. FanAI raises USD$8m (£6.2m) funding Esports analytics and audience monetisation platform FanAI has announced it has successfully concluded a USD$8m (£6.2m) funding round, led by Japanese conglomerate Marubeni Corporation. Other contributors to the round included Allectus Capital, CRCM Ventures, Courtside Ventures, GC Tracker Fund, M [...]

• Tencent Gaming Revenue Increases; Bethesda Absorbs Human Head Studios

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gaming revenue increases; Bethesda absorbs Human Head Studios; and John Carmack to step down as Oculus CTO. Tencent gaming revenue increases Tencent has released its financial results for the third quarter of 2019, with total revenue increasing by 21% year-on-year and 9% quarter-on-quarter to reach CN¥97.24bn (£10.78bn). A strong performance from the company’s smartphone gaming division, including the release of Call of Duty Mobile, has been cited [...]

• Netflix Hesitant to Enter Gaming; Epic Acquires Quixel

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Netflix hesitant to enter gaming; Epic acquires Quixel; and Hitmarker raises £200,000. Netflix hesitant to enter gaming Netflix CEO Reed Hastings has reiterated that the video streaming giant is not contemplating a move into the gaming industry in the near future. Speaking at the New York Times Dealbook conference, Hastings referred to the line in the letter to shareholder’s following the firm’s Q4 2018 results: “We compete with [...]