Investment

• App Store Paid Game Revenue At All-Time Low; German Bundestag Approves €50m (£42.8m) Games Funding

  12 hours ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: App Store paid game revenue at all-time low; German Bundestag approves €50m (£42.8m) games funding; and Proletariat raises USD$20m (£15.5m) in Series C funding. App Store paid game revenue at all-time low The share of premium games revenue on the Apple App Store has fallen to 1.8% as of September 30th 2019, its lowest ever, according to data recorded by Sensor Tower. As of September, premium games had [...]

• The Development of Collegiate and Professional Esports: Interview with Chris Buckner, Mainline

  2 days ago News

  

  Following the completion of a USD$6.8m (£5.26m) funding round earlier in November, TheGamingEconomy spoke with Chris Buckner, co-founder and CEO of Mainline, to discuss the future of the collegiate esports market, and how its growth will carry through to the professional level. Can you give us a brief history of Mainline, and the company’s work to date? I started my first company in 2014, a company called FanReact, which was a sports-only social media application. When we were acquired in 2016 we [...]

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• Netflix Hesitant to Enter Gaming; Epic Acquires Quixel

  1 week ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Netflix hesitant to enter gaming; Epic acquires Quixel; and Hitmarker raises £200,000. Netflix hesitant to enter gaming Netflix CEO Reed Hastings has reiterated that the video streaming giant is not contemplating a move into the gaming industry in the near future. Speaking at the New York Times Dealbook conference, Hastings referred to the line in the letter to shareholder’s following the firm’s Q4 2018 results: “We compete with [...]

• G5 Games' USD$45.80 (£35.55) MAGRPPU; eFuse raises USD$1.4m (£1.1m) for esports platform

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: G5 Games’ USD$45.80 (£35.55) MAGRPPU; eFuse raises USD$1.4m (£1.1m) for esports platform; Supercell closing Rush Wars G5 Games reports USD$45.80 (£35.55) average monthly gross revenue per paying player Mobile publisher G5 Games saw monthly average gross revenue per paying player land at USD$45.80 (£35.55) across Q3. The figures come from the newly released interim Q3 financial report from the Stockholm-based casual gaming specialist, and demonstrate a 4% YOY climb. However, [...]

• Microsoft Gaming Revenue Declines by 7%; Sumo Digital Opens North West Studio

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Microsoft gaming revenue declines by 7%; Sumo Digital opens North West studio; and Tencent becomes majority shareholder of Supercell. Microsoft gaming revenue declines by 7% Microsoft results from the first quarter of the 2020 financial year reveal that revenues generated by the company’s gaming division have fallen by USD$196m (£152m) year-on-year, which represents a decline of 7%. The decline was primarily driven by a fall in Xbox hardware [...]

• Nicecatus.gg Raises USD$5.5m (£4.3m); GameGrooveCapital Launches

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Nicecatus.gg raises USD$5.5m (£4.3m); GameGroove Capital launches USD$6m (£4.6m) investment fund; and Gameloft partners with TIM to develop mobile subscription platform. Nicecactus.gg raises USD$5.5m (£4.3m) France-based Nicecactus.gg, formerly known as Esport-Management, has raised USD$5.5m (£4.3m) in Series A funding to facilitate the creation of a platform to assist amateur and semi-professional esports athletes through training, sponsorship and support programmes. Following the investment, Nicecactus will be launching a USD$1.1m [...]

• THQ Nordic Expands into Japan; MadBox Raises USD$16.5m (£12.7m)

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: THQ Nordic expands into Japan; MadBox raises USD$16.5m (£12.7m); and former Zynga CMO Doug Scott joins Twitch. THQ Nordic expands into Japan THQ Nordic has formally incorporated THQ Nordic Japan KK, a new international distribution outlet which will be responsible for the distribution and marketing of the publisher’s titles in the market. The division is only the second international distributor for the company, following the formation of THQ [...]

• Hiro Capital to Launch €100m (£87.2m) Gaming Fund; Starbreeze Splits Into 2 Companies

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Hiro Capital to launch €100m (£87.2m) gaming fund; Starbreeze splits into two companies; and Riot Games sues Riot Squad. Hiro Capital to launch €100m (£87.2m) gaming fund Hiro Capital, a new venture capital firm, is launching a €100m (£87.2m) fund designed to support gaming and esports organisations. The fund will support approximately 20 post-seed funding companies in the UK and the EU, with investment divided between creative studios [...]

• Sony Interactive Entertainment Lays Off 'Dozens' of Staff; Google Stadia to use Negative Latency

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Sony Interactive Entertainment lays off ‘dozens’ of staff; Google Stadia to use negative latency; and TouchTen secures funding. Sony Interactive Entertainment lays off ‘dozens’ of staff Sony Interactive Entertainment has reportedly laid off ‘dozens’ of staff across its European (SIEE) and North American (SIEA) divisions, as part of previously-announced restructuring efforts. PlayStation directors reportedly visited SIEE officers in London on Tuesday to notify them of the corporate decision, [...]

• Tenacious Entertainment Raises USD$3.3m (£2.7m); Content Streamed on Mixer Triples

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tenacious Entertainment raises USD$3.3m (£2.7m); content streamed on Mixer triples; and Hearthstone player banned for Hong Kong protest support. Tenacious Entertainment raises USD$3.3m (£2.7m) Washington-based mobile developer Tenacious Entertainment has raised USD$3.3m (£2.7m) as part of an ongoing investment round. The studio was founded in 2018 by former ArenaNet employees, following restructuring efforts. The studio will release its as-yet unnamed debut title in 2020, and it mooted to [...]