The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ragnarok accuses Bethesda and ZeniMax of complicity in allegedly sabotaging Rune 2; streaming network Venn raises $26m in series A funding; and Ghost Gaming is set to move to Atlanta after being acquired by a group of investors.   ZeniMax, Bethesda, and Roundhouse brought into Rune 2 lawsuit   Ragnarok, the publisher behind Rune 2, has accused ZeniMax Media, Bethesda Softworks, and Roundhouse Studios of deliberately sabotaging the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PandaScore raises €5m (£4.5m); Armada Interactive files for bankruptcy; and ESIC sanctions 37 coaches for misconduct. PandaScore raises €5m (£4.5m) Esports data provider PandaScore has raised €5m (£4.5m) in a Series A funding round led by Serena and supported by Alven, KB Partners, and aXiomatic Gaming. The AI-powered PandaScore platform generates real-time statistics for players, coaches, and broadcasters, while also supplying live betting odds for bookmakers. Existing clients [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Amazon launches cloud gaming platform; Spectrum Labs raises USD$10m (£7.8m); and EG7 in SEK429m (£37.1m) share issuance. Amazon launches cloud gaming platform Amazon has announced that it will launch its long-rumoured cloud gaming platform, dubbed Amazon Luna. Initially the service will be available on Fire TV, PC, Mac, and Apple mobile, devices, using existing peripherals or a dedicated Luna controller. Alongside launch titles such as Resident Evil 7 [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Corsair in USD$238m (£187m) IPO; Streamloots secures €4.73m (£4.34m); and Dreamhaven launches. Corsair in USD$238m IPO Gaming hardware company Corsair Gaming Inc. has completed its initial public offering on the Nasdaq stock exchange under the ticker CRSR, with a listing price of USD$17 (£13.4) per share in the tranche of 14 million, netting the company USD$238m (£187m). This gave Corsair a valuation of approximately USD$1.3bn (£1.0bn), representing significant [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent gaming draws US scrutiny; Stillfront acquires Nanobit; and Bunch raises USD$20m (£15.4m). Tencent gaming draws US scrutiny The Committee on Foreign Investment in the United States (CFIUS) has sent formal enquiries to US-based video game companies in which Tencent Holdings Ltd. holds a minority or majority stake, including Epic Games and Riot Games, over their data security practices. Tencent has over 300 investments across its portfolio, including [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group acquires Vertigo Games; Zwift raises USD$450m (£349m); and Wisdom Gaming Group secures USD$3m (£2.3m). Embracer Group acquires Vertigo Games Embracer Group AB has announced that its wholly-owned subsidiary Koch Media GmbH is set to acquire Rotterdam-based VR developer-publisher Vertigo Games for an initial consideration of €50m (£46m), consisting of €40m (£37m) in cash and €10m (£9.2m) in newly issued Class B share capital. A maximum additional [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gamezop raises USD$4.3m (£3.3m); Voodoo opens two APAC offices; and Keywords Studios acquires Maverick Media. Gamezop raises USD$4.3m (£3.3m) Install-less hyper-casual gaming platform Gamezop has raised USD$4.3m (£3.3m) in a Series A funding round led by BITKRAFT Ventures and supported by FJ Labs, Survam Partners, and Velo Partners. The Gamezop platform is used to integrate HTML5 titles in apps such as India Today, Firefox, Xiaomi Pay, in return [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft posts strong results amid abuse allegations; Mobalytics raises USD$11.25m (£8.846m); and Microsoft gaming revenue climbs 64%. Ubisoft posts strong results amid abuse allegations French developer-publisher Ubisoft has reported an increase of 17.6% year-on-year in quarterly sales over Q1 FY 2020-2021 to €410m (£372m), significantly higher than the targeted €335m (£304m) as gaming continues to see a spike in player attention through the coronavirus pandemic. Indeed, the Montreuil-based [...]

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, [...]

Esports tournament and broadcasting platform Boom.tv, best known for organising the Code Red competitive gaming series, has raised USD$10m (£8.1m) in an oversubscribed Series A funding round led by BITKRAFT Esports Ventures. Alongside the tournament series, the San Mateo-based platform offers esports content hosting and broadcasting. Speaking exclusively to TheGamingEconomy, Sumit Gupta, CEO of Boom.tv revealed that the funding will be used to support design updates “that will improve user experience, simplify sharing across networks and improve broadcast stability”, while introducing [...]