Investment

• SkyWeaver dev Horizon Blockchain Games secures USD$3.74m (£2.97m) seed round

  1 day ago News

  

  Canadian game dev and blockchain infrastructure outfit Horizon Blockchain Games has completed a USD$3.75m (£2.97m) seed round. Reddit co-founder Alexis Ohanian’s venture fund Initialized Capital led the round, which was also supported by Golden Ventures, Polychain, Coinbase, Digital Currency Group and Inovia Capital. The seed round is likely to be a significant boon to bringing Horizon’s game SkyWeaver to market, and to the further development of the company’s blockchain video game network Arcadeum, which is pitched as a ‘crypto arcade’. Backing by [...]

• Ubisoft Surpasses Q1 2019-2020 Targets; Nintendo Announces Update to Switch

  2 days ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Ubisoft surpasses Q1 2019-2020 targets; Nintendo announces update to Switch; and DouYu goes public with USD$775m (£624m) Nasdaq IPO. Ubisoft surpasses Q1 2019-2020 targets Despite not releasing a major new title within the first quarter of the 2019-2020 fiscal year, Ubisoft has smashed its projection for the period, earning USD$352.8 (£314.5m). This likely reflects the fact that players are perhaps staying with games longer thanks to a range of [...]

---

• As Pixion secures USD$2m in seed funding, has there been a better time to be in mobile esports?

  3 days ago News

  

  London-based studio Pixion Games has revealed that it has secured USD$2m (£1.6m) in seed funding to further its efforts developing mobile titles specifically geared towards esports. Private investment firm Eldridge Industries led the round, with contributions from Jabre Capital Family Office and three angel investors. As well as being used to develop the studio’s games, the funds will also be used to scale the team, which presently boasts talent formerly serving at King, Curve, Hutch and Konami. So far that reads like [...]

• Private Equity Firm Blackstone Buys Vungle; Tencent Launches Streaming App for WeGame

  3 days ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Private equity firm Blackstone buys Vungle; Tencent launches streaming app for WeGame; and Baidu renews partnership with Snap. Private equity firm Blackstone buys Vungle Private equity firm Blackstone has announced it is purchasing performance marketing platform Vungle, which serves in-app video ads with publishers including Rovio and Zynga. While the exact terms of the deal have yet to be disclosed, sources have informed Techcrunch that the all-cash payment is [...]

• Facebook reportedly pursuing high-profile IP exclusives and acquisitions to bolster Oculus VR gaming

  1 week ago News

  

  Facebook is reportedly pursuing acquisitions and exclusivity deals in an effort to supply its VR hardware with big name, triple-A productions. That is according to The Information, which cites two insider sources with knowledge on the matter. One of those sources reported that deals have already been signed around Ubisoft game series like Assassin’s Creed and Tom Clancy’s Splinter Cell. The idea appears to be to bolster the fortunes and longevity of Facebook’s Oculus VR hardware range through high-profile titles. Meanwhile, the [...]

• Epic Games Acquires Houseparty; Riot Games in Trouble with Gender Discrimination Investigation

  1 month ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Epic Games acquires social platform Houseparty; Riot Games in trouble with gender discrimination investigation; and The Esports Global Fund launches. Epic Games acquires social platform Houseparty Houseparty, the face-to-face social network, has been acquired by Fortnite and Unreal Engine creators, Epic Games. Financial terms of the deal have not been disclosed. According to the announcement from Houseparty, the deal will help the social platform connect even more friends, families [...]