TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft’s Maxime Béland resigns; Animoca Brands raises USD$4.1m (£3.3m); and Rockstar and VGD partner for AAA VR title. Ubisoft’s Maxime Béland resigns Ubisoft Vice President of Editorial Maxime Béland has resigned following allegations of sexual harassment and abusive behaviour. As well as Béland, Ubisoft has placed fellow editorial lead Tommy François on disciplinary leave pending further investigation, and has fired an unnamed individual from the company’s Toronto office [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Discord raises USD$100m (£80.5m); thousands of games removed from China iOS store; and Animoca Brands acquires GAMEE. Discord raises USD$100m (£80.5m) Voice and video chat platform Discord has announced that it has raised USD$100m (£80.5m) in funding from Index Ventures, valuing the San Fransisco-based firm at an estimated USD$3.5bn (£2.8bn). The investment will be used to support the implementation of new features and to support the platform’s expansion [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Starbreeze to raise SEK250m (£21.8m); GP Bullhound closes €125m (£114m) fund; KAT VR passes £1m crowdfunding for Walk C treadmill. Starbreeze to raise SEK250m Stockholm-based developer Starbreeze AB has announced that it intends to raise SEK250m (£21.8m) in a new issuance of class A and B shares, as a result of delays in finding a publishing partner for its upcoming Payday 3 title due to the Covid-19 pandemic. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Stillfront Group raises SEK1.2bn (£102m); Nintendo mooting mobile withdrawal; and eUnited to merge with Backstageplay. Stillfront Group raises SEK1.2bn (£102m) Developer-publisher Stillfront Group AB has announced that it has raised SEK1.2bn (£102m) in a directed share issuance to both Swedish and international investors, with the funds to be used to support its acquisition strategy alongside identifying nascent market growth opportunities. To-date, the Stockholm-based group has acquired 14 studios [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Grishin Robotics raises USD$100m (£80.1m) fund; China iOS games to require government approval; and FaZe Clan gains stake in CTRL. Grishin Robotics raises USD$100m (£80.1m) fund Silicon Valley investment firm Grishin Robotics, founded by Mail.ru Group Founder and Chairman Dmitry Grishin, has raised USD$100m (£80.1m), in a move which will see the vehicle expand from its traditional territory of hardware into video gaming and interactive entertainment, alongside educational [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Admix secures USD$7m (£5.6m) Series A funding; DMarket raises USD$6.5m (£5.2m); and Machinations closes €580,000 (£520,000) seed round. Admix secures USD$7m (£5.6m) Series A funding In-game and XR advertising provider Admix has announced that it has raised USD$7m (£5.6m) in a Series A funding round led by London-based VC firm Force Over Mass, with additional contributions from Speedinvest, Sure Valley Ventures, and a host of angel investors. The [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games targets USD$17bn (£14bn) valuation; Ubisoft opens Vietnam studio; and Gearbox Software sues Apogee Software. Epic Games targets USD$17bn (£14bn) valuation Epic Games is set to raise USD$750m (£598m) in a funding round which would raise its valuation from the USD$15bn (£12bn) it garnered in 2018 to USD$17bn (£14bn). According to sources speaking to Bloomberg on condition of anonymity, the round will be financed by existing investors [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: AT&T mulls USD$4bn (£3.2bn) Warner Bros. gaming sale; Nazara acquires majority stake in Halaplay; Aiva Technologies raises €1.5m (£1.3m); and Kahoot raises USD$28m (£22m). AT&T mulls USD$4bn (£3.2bn) Warner Bros. gaming sale AT&T is considering selling its Warner Bros. Interactive Entertainment video games division as part of its ongoing asset divestment strategy, as it looks to clear its debt portfolio which current stands at approximately USD$165bn (£132bn). According [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Playstation 5 revealed; Playable Worlds raises USD$10m (£7.9m); and Zynga partners with Snap. Playstation 5 revealed Sony Interactive Entertainment (SIE) has revealed its next-generation PlayStation 5 console, with a standard version running alongside a “digital edition”, which lacks a disc drive, as well as a series of peripherals and accessories. Sony has not confirmed the recommended retail price points for each version of the console at this juncture, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Wave raises USD$30m (£24m); Baidu acquires Redfinger; and UK to launch APAC Digital Trade Network. Wave raises USD$30m (£24m) Los Angeles-based digital concert broadcaster Wave has raised USD$30m (£24m) in Series B funding in a round led by Maveron, with support from a host of 15 VC and angel investors, including Upfront Ventures, Raised in Space Enterprises, RRE Ventures, NTT DOCOMO Ventures, Griffin Gaming Partners, and GFR Fund. [...]