esports

• Final Oculus VR founder leaves company; Stillfront Group net revenue increases by 46%

  3 days ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: Final Oculus VR founder leaves company; Stillfront Group net revenue increases by 46%; and Echo Fox expelled from LCS. Final Oculus VR founder leaves company Nate Mitchell, the final founding member remaining at Oculus VR, has left the company. Five out of six of the firm’s co-founders have now left since Oculus was acquired by Facebook for USD$2bn (£1.66bn) in 2014. The sixth, Andrew Reisse, was tragically killed in [...]

• NetEase Announces CH¥5bn (£584m) e-Sports Stadium; Rocket League Removing Loot Crates

  2 weeks ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: NetEase targets Tencent with CH¥5bn (£584m) e-sports stadium; Rocket League removing loot crates; and E3 attendee details leaked in 2019, 2018, 2006, and 2004. NetEase targets Tencent with CH¥5bn (£584m) e-sports stadium Chinese internet giant NetEase has announced plans to build a CH¥5bn (£584m) e-sports park in the Qingpu District of Shanghai. The move is seemingly in response to fellow Chinese e-sports heavyweight Tencent signing a deal with the [...]

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• 61% of Chinese Gamers Prefer FTP or Ad-Funded titles; Immortals Gaming Club Selling Houston Outlaws

  2 weeks ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: 61% of Chinese gamers prefer free-to-play or ad-funded titles; Immortals Gaming Club reportedly selling Houston Outlaws for USD$40m (£32.8m); and Ubisoft acquires Green Panda Games. 61% of Chinese gamers prefer free-to-play or ad-funded titles 61% of 1007 surveyed Chinese gamers prefer free-to-play (FTP) or ad-funded titles over premium games, according to research commissioned by Mintegral. 85% of respondents also reported that they had spent money on these titles, however [...]

• Amazon Hiring for Gaming ‘Stealth Advertising’ Team; Microsoft Invests USD$1bn (£799m) in OpenAI

  4 weeks ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Amazon hiring for gaming ‘stealth advertising innovation’ team; Microsoft investing USD$1bn (£799m) in OpenAI; and Tencent invests in Antstream. Amazon hiring for ‘stealth advertising innovation’ to disrupt gaming industry Amazon is hiring for two roles as part of a ‘stealth advertising innovation’ team with the aim of disrupting the $100bn (£80bn) gaming industry. It is unclear whether the positions will be under the Amazon Advertising platform or as part [...]

• As Pixion secures USD$2m in seed funding, has there been a better time to be in mobile esports?

  1 month ago News

  

  London-based studio Pixion Games has revealed that it has secured USD$2m (£1.6m) in seed funding to further its efforts developing mobile titles specifically geared towards esports. Private investment firm Eldridge Industries led the round, with contributions from Jabre Capital Family Office and three angel investors. As well as being used to develop the studio’s games, the funds will also be used to scale the team, which presently boasts talent formerly serving at King, Curve, Hutch and Konami. So far that reads like [...]

• Harry Potter Wizards Unite Due to Gross USD£10m (£7.85m) in first month; Nintendo Opens Second Retail Store

  2 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Harry Potter Wizards Unite due to gross USD£10m (£7.85m) in first month; Nintendo opens second retail store; and US government blocks League of Legends in Iran and Syria. Harry Potter Wizards Unite due to gross USD£10m in first month Mobile AR title Harry Potter Wizards Unite is due to take in USD$10m (£7.85m) in its first month, according to data from analytics body Sensor Tower. The title shifted 400,000 [...]

• Global gaming market set to generate USD$152.1bn (£121.3bn) in 2019; Bernie Sanders endorses game industry unionisation

  2 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: global gaming market set to generate USD$152.1bn (£121.3bn) in 2019; Bernie Sanders endorses game industry unionisation; and Twitch acquires social networking platform Bebo. Global gaming market set to generate USD$152.1bn (£121.3bn) in 2019 The global gaming market is set to generate USD$152.1bn (£121.3bn) in revenue through 2019, an increase of 9.6% on last year, according to a study from analytics and market research company Newzoo. The US is also set [...]

• Epic Games Acquires Houseparty; Riot Games in Trouble with Gender Discrimination Investigation

  2 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Epic Games acquires social platform Houseparty; Riot Games in trouble with gender discrimination investigation; and The Esports Global Fund launches. Epic Games acquires social platform Houseparty Houseparty, the face-to-face social network, has been acquired by Fortnite and Unreal Engine creators, Epic Games. Financial terms of the deal have not been disclosed. According to the announcement from Houseparty, the deal will help the social platform connect even more friends, families [...]

• Tencent and Riot rumoured to be partnering on League of Legends mobile

  3 months ago News

  

  Chinese technology giant Tencent is understood to be partnering with Riot Games to bring the latter’s globally popular PC game League of Legends to mobile. While Tencent can feel like a company that dominates the headlines all too often, this one is simply too big to ignore. League of Legends is an absolute giant of the booming esports sector; an industry that is expected to reach a global value of USD$1bn (£788.7m) in 2019, according to figures from analytics and data [...]

• One Billion Female Gamers: How the Demographics of Play are Shifting

  3 months ago News

  

  New research conducted by game analytics outfit Newzoo has revealed that today over 46% of gaming enthusiasts are women. That’s perhaps as many as one billion people. While the sheer size of the audience offers plenty to be optimistic about, their current gender ratio shouldn’t come as a surprise. Many statistics over the past decade or so have pointed to a rise in the numbers of females playing games regularly. Thanks to an ongoing diversification of the types of games available [...]