TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sony gaming revenue declines by 14%; Parsec raises USD$7m (£5.7m); and Sleeper raises USD$20m (£16m). Sony gaming revenue declines by 14% Sony has announced its financial results for the year ending 31st March 2020, with its game and network services revenue falling by 14% year-on-year to JP¥1.977tn (£14.96bn), with operating income for the division having contracted by 23.4% to JP¥238.4bn (£1.803bn). The declining performance has been attributed to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sony to limit PS5 production; Nifty Games raises USD$12m (£9.6m); and BMW partners with five leading esports teams. Sony to limit PS5 production Sony will limit production of PlayStation 5 units in the first year of its release compared to its predecessor, as it expects demand will be impacted by the console’s high price point. According to sources familiar with the Japanese conglomerate’s supply chain speaking to Bloomberg, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESRB introduces loot box labelling; Kumu raises USD$5m (£4m); and Mighty Jaxx raises SGD$4.5m (£2.5m). ESRB introduces loot box labelling The Entertainment Software Rating Board (ESRB) has introduced a new interactive labelling element to its rating system, designed to indicate when a game incorporates randomised elements to in-game purchases. While the new designation, which will assign the “In-Game Purchases (Includes Random Items)” label to the appropriate titles, is [...]

In this exclusive interview, TheGamingEconomy speaks to Yuheng Chen, COO of rct studio, to discuss the development of their AI-driven solutions and first-party titles, following a successful Series A funding round of USD$10m (£8.1m) led by Makers Fund. How will the recent funding round be used to support development of Morpheus Engine, and its constituent Motion Prediction Generation System & Chaos Box? What role are the investors taking on in supporting the company? We’ve already been busy putting the USD$10m (£8.1m) to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Scopely raises USD$200m (£173.1m) for M&A; The Sandbox secures USD$2.01m (£1.74m); Robin Games secures USD$7m (£6.05m) seed funding; and Mainframe Industries raises €7.6m (£7.1m). Scopely raises USD$200m (£173.1m) for M&A Los Angeles-based mobile publisher Scopely has secured USD$200m (£173.1m) in Series D funding, with investment primarily coming from media group Advance and consumer investment firm The Chernin Group. The latest haul, which takes Scopely’s total funding to USD$658.7m [...]