TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Netmarble releases 2019 financial results; Atomico and Founders Fund announce new capital; and Kwalee pays out over £1m in employee profit share scheme. Netmarble releases 2019 financial results Netmarble has announced its financial results for Q4 and full-year 2019, with sales through the quarter rising by 13.3% year-on-year to ₩551.8bn (£357.0m), with operating profit also climbing by 32.1% y-o-y to ₩50.2bn (£32.4m). While ostensibly painting a rosy picture [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group acquires Saber Interactive; Paradox Interactive revenue up 13%; and ESL and Dreamhack sign revenue-sharing agreement with 13 leading teams. Embracer Group acquires Saber Interactive Embracer Group AB has signed an agreement to purchase US-based developer-publisher Saber Interactive Inc. in a deal with a maximum value of USD$525m (£404m), equivalent to 8.4x Saber Interactive’s 2019 EBIT. The deal includes all Saber Interactive assets, including its studio portfolio [...]

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 Activision Blizzard withdraws titles from GeForce NOW Activision Blizzard has withdrawn its titles from the Nvidia GeForce NOW cloud gaming platform, just a week after the service launched fully.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: COD and King see Activision Blizzard exceed projected revenues; Ubisoft revenues trump revised forecasts, despite year-on-year drop; and Take-Two GAAP revenue down USD$300m YOY for it’s closing 2019 quarter. COD and King see Activision Blizzard exceed projected revenues Both Call of Duty and King’s suite of mobile games have seen Activision Blizzard’s revenues for the recent financial quarter close higher than expected, after the gaming giant previously lowered [...]

[LAST UPDATE: 10th February, 2020] The time of year has come when myriad gaming companies and other tech outfits are releasing their new financial reports, with the conventional Q4 financial quarter drawing to a close on the final day of 2019. The likes of Sony, Microsoft, Nintendo, Zynga, DeNA, EA, Capcom and many others are now releasing numerous and detailed insights into their relative successes and failures both over the past quarter – and in some cases for 2019 in its entirety. As [...]

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 prevalent business stories in gaming. In today’s news: Dan Houser leaves Rockstar; Capcom operating income up 30.1%; Sony closes VR Manchester studio; and Improbable acquires zeuz. Dan Houser leaves Rockstar Dan Houser, co-founder and VP creative at Rockstar Games, will be officially departing the company in March this year, following an “extended break” which commenced in spring 2019. At the time of writing, Rockstar parent company Take Two Interactive Software Inc. has not provided a reason [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sony gaming revenue declines; 1570 game approvals by China in 2019; and Supercell invests €1m (£846,000) in Wild Games. Sony gaming revenue declines Sony gaming and network services revenue for the third quarter of the financial year has fallen by 20% year-on-year to JP¥632.1bn (£4.451bn), with operating income declining by 36.6% to JP¥53.5bn (£367m), according to the Japanese conglomerate’s published results. The decline has been attributed to foreign [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: UK trade bodies respond to immigration proposals; Animoca Brands reports AUD$25.1m (£12.7m) receipts from customers; Barclays to offer VGTR loans; and Ubisoft acquires Kolibri Games. UK trade bodies respond to immigration proposals Video game industry bodies The Association for UK Interactive Entertainment (UKIE) and The Independent Game Developers’ Association (TIGA) has issued responses to the report released by the Migration Advisory Committee (MAC) examining the potential implementation of [...]