TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tim Sweeney accuses Apple and Google of monopolisation; Rabbit & Bear Studios formed; and Jeff Karp leaves Big Fish Games for EA. Tim Sweeney accuses Apple and Google of monopolisation Epic Games CEO Tim Sweeney has accused Apple and Google of monopolistic and anti-competitive practices on their respective mobile stores, in an interview published on CNBC. Sweeney’s arguments centre around the tech giants’ policies forbidding competing stores running [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Logic exclusively signs with Twitch; Amber merges with KaraOkulta; and executive changes at ESL. Logic exclusively signs with Twitch Rapper Logic has signed a deal, reportedly worth seven figures, to stream exclusively through Twitch, becoming the first established musician to do so. The artist, real name Sir Robert Bryson Hall II, announced his retirement from releasing albums just four days ago (17th July 2020), stating that the decision [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Archosaur Games in HKD$2.17bn (£222m) IPO; Reggie Fils-Aimé joins Rogue Games; and Huuuge Games acquires Playable Platform. Archosaur Games in HKD$2.17bn (£222m) IPO Mobile MMORPG developer-publisher Archosaur Games, also known as Zulong Entertainment, has raised approximately HKD$2.17bn (£222m) in its initial public offering on the Hong Kong Stock Exchange. The studio, previously backed by Tencent Holdings Ltd. subsidiary Tengxun Touzi and trading under the HKG:09990 stock ticker, originally [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: E3 2020 to be cancelled; Unity acquires Artomatix; Mod.io raises USD$1m (£769,000); and PUBG CEO to also lead parent company. E3 2020 to be cancelled The 2020 edition of the Electronic Entertainment Expo (E3) will shortly be cancelled due to the ongoing outbreak of the Covid-19 strain of coronavirus. While yet to be publicly confirmed by organisers The Entertainment Software Association (ESA), a formal announcement to cancel the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: DDM acquires data platform from Digi-Capital; Destiny drops loot boxes; Disruptor Beam continues engine pivot; and GameStop announces trio of board appointments. DDM acquires data platform from Digi-Capital Northampton, MA-based video game and digital entertainment agency Digital Development Management (DDM) has acquired Digi-Capital’s gaming industry investment data platform for an undisclosed sum. The platform, which reportedly covers over a decade of financial transactions in the sector, will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft recruiting for AAA VR title; current-gen console sales declining at faster rate; and ByteDance appoints head of gaming. Ubisoft recruiting for AAA VR title Ubisoft Blue Byte GmbH is hiring for a series of roles to work on a AAA VR project, which will be based upon one of the publisher’s “greatest IPs”. While Ubisoft Blue Byte is best known for developing titles based on the Anno [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Gameloft partners Blacknut for cloud gaming; PUBG Mobile lifetime revenue passes USD$1.5bn (£1.1bn); Sony hires Greg Rice and Christian Svensson. Gameloft partners Blacknut for cloud gaming Mobile publisher Gameloft Distribution Solutions has announced the launch of a cloud gaming service in partnership with Blacknut, which will see the two firms combine their respective catalogues of over 360 owned and third-party titles. The games will be available to stream [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: G/O Media in dispute with staff over ads; EA revenue increases by 4%; and Anzu.io hires Guy Ben-dov. G/O Media in dispute with staff over ads G/O Media, the owner of gaming website Kotaku along with the Gizmodo, Deadspin and Jezebel publications, is under fire from its editorial staff following the deletion of blog posts, published on Monday (28th October), criticising the sound-on autoplay video advertising units which [...]