TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Hitmarker launches second crowdfunding campaign; MPL secures USD$500,000 (£375,000); and ESE Entertainment purchases K1CK. Hitmarker launches second crowdfunding campaign Video games and esports recruitment platform Hitmarker has announced the launch of its second crowdfunding campaign with the intention of securing £200,000 for a collective stake of 4%, valuing the British firm at £4.8m. The valuation is well over double the £1.9m it garnered in November 2019 through its [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameSquare to acquire Reciprocity; TinyBuild backs Hologryph by USD$3m (£2.2m); and Fyber revenue climbs by 94%. GameSquare to acquire Reciprocity Publicly-listed esports agency GameSquare Esports Inc. has announced that it has signed an agreement with fellow Canadian gaming and esports organisation Reciprocity for a minimum of 43,750,000 newly-issued shares, valued at €18.375m (£16.381m) at the time of writing, with an additional 20 million shares to be issued [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Saudi Crown Prince leads to become largest SNK shareholder; 2UP receives USD$2.8m (£2.1m) from Supercell; and CD Projekt net profit climbs by 57%. Saudi Crown Prince to become largest SNK shareholder Saudi Crown Prince Mohamed bin Salman is set to become the leading shareholder in publicly-listed South Korean software and hardware developer SNK Corporation through the Electronic Gaming Development Company (EGDC) firm held by the Mohamed bin Salman [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Lightfox Games raises USD$3.3m (£2.5m); Nintendo restricts commercial use of Animal Crossing; and BLAST secures £1.7m. Lightfox Games raises USD$3.3m (£2.5m) Nascent mobile developer-publisher Lightfox Games has announced that it has raised USD$3.3m (£2.5m) in a seed financing round led by March Gaming, with support from Hiro Capital and 1Up Ventures. The Seattle-based studio is set to use the investment to support the release of its debut accessible [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox files to go public; Skilz revenue up 92%; and NetEase online game revenues reach CN¥13.9bn (£1.60bn). Roblox files to go public Roblox Corporation has filed its S-1 registration documents with the US Securities and Exchange Commission ahead of its prospective initial public offering (IPO) on the New York Stock Exchange under the ticker RBLX. While the California-based video game platform has not disclosed how much it will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple halves IAP commission for smaller developers; Gunzilla Games launches; and Nvidia gaming revenue reaches record USD$2.27bn (£1.71bn). Apple halves IAP commission for smaller developers Technology giant Apple has announced that it will halve the commission rate it charges for in-app purchases (IAPs) made through its App Store to 15% for developers earning up to USD$1m (£753,000) per year on a post-commission basis. The reduced tariffs will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group in 13-strong acquisition spree; Queens Gaming Collective raises USD$1.5m (£1.1m); and AudioMob secures USD$1.5m (£1.1m). Embracer Group in 13-strong acquisition spree Video games holding company Embracer Group has greeted the start of this November morning with somewhat of a mother lode of M&A announcements, with the Karlstad-based group revealing that it has acquired 13 separate companies from across the globe. The initial considerations total approximately SEK2bn [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group prepares for SEK750m (£65.6m) IPO; Zynga opens new Texas studio; and LILA Games raises USD$2.8m (£2.1m). Thunderful Group prepares for SEK750m (£65.6m) IPO Following on from the news earlier in the week that it has acquired Station Interactive, Swedish developer-publisher Thunderful Group has applied to list publicly on the Nasdaq First North Premier Growth Market. The initial public offering (IPO) will consist of both [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group acquires Station Interactive; MGI completes €80m (£72m) bond placement; and ACCO Brands expands into gaming with PowerA purchase. Thunderful Group acquires Station Interactive Gothenburg-based video game holding company Thunderful Group has announced that it has acquired 100% of the assets in fellow Swedish studio Station Interactive for an undisclosed sum. The acquired development house, commonly referred to as “The Station”, is best known for its in-house [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity revenue climbs by 53.3%; Statespace raises USD$29m (£22m); and Tencent gaming revenue up 45%. Unity revenue climbs by 53.3% Unity Software Inc. has announced its financial results for the third quarter ended 30th September 2020, in which it completed its USD$1.3bn (£987m) IPO on the New York Stock Exchange, disclosing that revenue climbed by 53.3% year-over-year to USD$200.8m (£152.5m). The earnings rise was driven by several titles [...]