esports

• Hiro Capital to Launch €100m (£87.2m) Gaming Fund; Starbreeze Splits Into 2 Companies

  12 hours ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Hiro Capital to launch €100m (£87.2m) gaming fund; Starbreeze splits into two companies; and Riot Games sues Riot Squad. Hiro Capital to launch €100m (£87.2m) gaming fund Hiro Capital, a new venture capital firm, is launching a €100m (£87.2m) fund designed to support gaming and esports organisations. The fund will support approximately 20 post-seed funding companies in the UK and the EU, with investment divided between creative studios [...]

• Cuphead Has Sold Five Million Copies; Tencent Becomes Largest Shareholder of Funcom

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Cuphead has sold five million copies; Tencent becomes largest shareholder of Funcom; and Super League Gaming launches subscription service. Cuphead has sold five million copies Cuphead, which celebrated its two year anniversary on 29th September, has sold over five million copies since launching. The success of the platformer has been attributed to a number of factors including its hand-drawn animation, challenging gameplay, and soundtrack, which itself recently topped [...]

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• NBCUniversal Shutters Game Publishing Arm; PlayVS Raises USD$50m (£40m) for Esports Platform

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: NBC Universal shuts down game publishing arm; PlayVS raises USD$50m (£40m) for esports platform; and Apple Arcade launches. NBCUniversal shuts down game publishing arm NBCUniversal, a division of Comcast, is shutting down its mobile video game publishing arm, which was formed only in 2017. Instead of producing titles in-house, NBCUniversal will instead license its entertainment properties to third-party developer. The game publishing unit at the Hollywood firm numbers [...]

• The Rise and Rise of the Nintendo Switch

  1 month ago News

  

  As midnight neared yesterday, Nintendo unleashed a barrage of announcements, from major esports shooters making their way to Switch, to the news that classic SNES games were to be available on the console imminently. And only hours before that ‘Nintendo Direct’ video stream – which you can watch in full here – GamesIndustry.biz had noted that a humble Switch screen protector was the best selling item across Amazon’s games category. A plastic shield for a screen might be the most pedestrian [...]

• ESL & DreamHack Form World’s Largest CS:GO competition; Starbreeze Applies for Third Reconstruction Extension

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: ESL & DreamHack form world’s largest CS:GO competition; Starbreeze applies for third extension to reconstruction period; and Nintendo partners with DSH. ESL and DreamHack form world’s largest CS:GO competition Modern Times Group (MTG) stablemates ESL and DreamHack have announced the merger of their Counter Strike: Global Offensive (CS:GO) competitions, to form the ESL Pro Tour. The new annual competition cycle, featuring over 20 tournaments and leagues, will commence [...]

• Annapurna Interactive Parent Clears Over USD$200m (£165.2m) In Debt; ISFE Launches Esports Division

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Annapurna Interactive parent clears over USD$200m (£165.2m) in debt; ISFE launches esports division; and Playful raises USD$23m (£19m) in Series A funding. Annapurna Interactive parent clears over USD$200m (£165.2m) in debt Annapurna Pictures, the parent company of the Annapurna Interactive studio, has reportedly resolved over USD$200m (£165.2m) in debt, with an official announcement expected later this week. The debt will be cleared by an existing line of credit [...]

• Hyper-Casual Esports Platform Ready Raises USD$5m (£4.1m)

  2 months ago News

  

  BITKRAFT Esports Ventures has spearheaded a USD$5m (£4.1m) Series A funding round in competitive hyper-casual platform Ready. By any technical definition, Ready is an esports offering. At its most fundamental, it lets players do battle in multiplayer games for cash prizes. It’s key differentiation from conventional esports models comes from its hyper-casual leaning. Esports are typically the preserve of the most hardcore, devoted player demographics there are. Professional esports players have strict training regimes, coaches and even sports psychologists to optimise their [...]

• Admix's Vision for Ads as Game Assets: Moving From 'Ad Tech' to 'Game Development Tool'

  2 months ago News

  

  Game development sometimes has a complicated relationship with ad tech. Advertising solutions might help pay the bills, but they are often seen as something ‘other’; an entity that is separated from the technology that is used to actually make games. It’s a less than elegant oversimplification, but game developers use development tools, middleware and engines to make games. After that ad tech is applied or employed to monetise games. As such you’d be forgiven for thinking there were two very distinct [...]

• Forge of Empires Success Credited to Real-World Event Content; Celtic Enters Call of Duty World League Championship

  2 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending stories in gaming. In today’s edition: Forge of Empires success credited to real-world event content; Celtic signs Call of Duty World League Championship team; and Gamescom conference schedule – August 19th 2019. A special edition of TheGamingEconomy Digest will follow today’s conferences from Microsoft, Nintendo, and Google. And we will keep you updated with all the Gamescom coverage throughout the week.  Forge of Empires success credited to real-world event content Stephen Walter, product head and owner, [...]

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

  2 months 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 [...]