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TGE Index Investment Report - Q4 & Year-End 2020
The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ragnarok accuses Bethesda and ZeniMax of complicity in allegedly sabotaging Rune 2; streaming network Venn raises $26m in series A funding; and Ghost Gaming is set to move to Atlanta after being acquired by a group of investors. ZeniMax, Bethesda, and Roundhouse brought into Rune 2 lawsuit Ragnarok, the publisher behind Rune 2, has accused ZeniMax Media, Bethesda Softworks, and Roundhouse Studios of deliberately sabotaging the [...]
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Ragnarok Brings ZeniMax and Bethesda into Rune 2 Lawsuit; Venn Raises $26m
The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ragnarok accuses Bethesda and ZeniMax of complicity in allegedly sabotaging Rune 2; streaming network Venn raises $26m in series A funding; and Ghost Gaming is set to move to Atlanta after being acquired by a group of investors. ZeniMax, Bethesda, and Roundhouse brought into Rune 2 lawsuit Ragnarok, the publisher behind Rune 2, has accused ZeniMax Media, Bethesda Softworks, and Roundhouse Studios of deliberately sabotaging the [...]
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Microsoft's PlayFab Adds Pay-As-You-Go Option; NBA 2K21 Inserts Non-Skippable Ads
The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayFab introduces a new pay-as-you-go option to make its services more accessible; NBA 2K21 makes the controversial decision to insert non-skippable ads into its game’s loading screen; and Frost Giant Entertainment raises $4.7m to realise its RTS ambitions. Microsoft’s PlayFab introduces pay-as-you-go option PlayFab, Microsoft’s games developer division, has announced that it will introduce a pay-as-you-go plan for customers to use its services. The move follows [...]
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2019-2020 the Fastest Year for UK Industry Growth; Esports Guild Signs Major Sponsorship
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: TIGA reports that 2019-2020 has seen the fastest growth for the UK games industry; Esports Guild signs its first major sponsorship since its IPO; and PopReach wins investment from eWTP’s New Insight Incentive Company. UK games industry growth at fastest ever, finds TIGA Research from TIGA, the trade association that represents the video games industry, has found that the year 2019-2020 has seen the fastest growth for the [...]
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Epic's Suit Against Apple Continues; Japan Heightens Scrutiny Against Apple
The Gaming Economy daily digest brings you the leading news from the gaming industry. In today’s edition: Epic files a motion to prevent Apple from launching countermeasures during the pair’s ongoing court case; criticism of Apple becomes more apparent in Japan; and India’s decision to ban PUBG sees Tencent’s market value tumble. Epic appeals to court to stop Apple retaliating over Fortnite case Epic Games has filed a motion requesting that the courts intervene to bring its popular Fortnite title back to [...]
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IDFA Changes Could Trigger Job Losses; Skillz Prepares for IPO
The Gaming Economy daily digest brings you the leading news from the gaming industry. In today’s edition: mobile marketing firm Consumer Acquisition warns that impending changes to Apple’s IDFA could usher in substantial job losses; e-sports platform Skillz prepares to go public; and Kaizen Gaming appoints Ioannis Koutrakos as its new marketing director. Job losses could follow Apples’ change to IDFA, warns Consumer Acquisition Analysis of the impending changes to Apple’s Identifier for Advertisers (IDFA) by mobile marketing firm Consumer Acquisition has [...]
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Vlambeer Calls it Quits After 10 Years; Big Fish Games Cuts 250 Jobs
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 [...]
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IGN China Relaunched by Ziff Davis and Tencent; Apple Blocks Epic Games Updates
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: IGN parent firm Ziff Davis partners with Tencent to relaunch IGN China; Apple blocks Epic Games from submitting updates to the App Store; and Potato Play raises $1.75m in seed funding. Ziff Davis and Tencent Partner in IGN China relaunch Parent-company of IGN, Ziff Davis, has joined forces with Chinese technology heavyweight Tencent to relaunch IGN China. The new version of the company’s flagship site, which went live [...]
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Record-Breaking App Downloads in Q2; CtW Launches Campaign Against EA Pay
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 [...]
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Gaming x Digital Entertainment: Investment Opportunities in the Proto-Metaverse
Live music, film, TV, health, and social networking. Once distinct sectors with limited overlap with the video games sector, in recent months we have seen increased crossover between each of these and gaming, fuelled by the ever-increasing adoption of digital, the persistent engagement of video game audiences, and the temporary halt of physical events in the wake of Covid-19. While music festivals have faced postponement, in-game concerts in multiplayer platforms such as Roblox, Minecraft, and Fortnite, are thriving. After a [...]
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Bublar Group to Acquire Goodbye Kansas; Xbox Game Pass Reaches 10m Subscribers
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bublar Group to acquire Goodbye Kansas; Xbox Game Pass reaches 10 million subscribers; and majority of genres seeing player increases. Bublar Group to acquire Goodbye Kansas Swedish XR technology and visualisation firm Bublar Group AB has reached an agreement to acquire visual effects services company Goodbye Kansas for approximately SEK56m (£4.6m) through the direct issuance of 16.4 million shares at a fixed purchase price. The announcement notes that [...]