TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: VSPN secures further USD$60m (£44m); Turnip raises USD$1.6m (£1.2m) seed funding; and Three Gates acquires gameXcite. VSPN secures further USD$60m (£44m) Esports solutions provider Versus Programming Network (VSPN) has announced that it has closed a USD$60m (£44m) Series B follow-on round supported by Prospect Avenue Capital (PAC), Guotai Junan International, and Nan Fung Group. The round, which closely follows the USD$100m (£72.9m) Tencent-led Series B financing secured in [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Parsec raises USD$25m (£19m); Keywords Studios acquires High Voltage; and UK MPs propose ban on resale of bot-bought consoles. Parsec raises USD$25m (£19m) Remote desktop technology and video game streaming firm Parsec has raised USD$25m (£19m) in a Series B financing round led by Andreessen Horowitz and supported by a host of previous backers including Lerer Hippeau, Makers Fund, NextView Ventures and Notation Capital. The investment is set [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity revenue climbs by 53.3%; Statespace raises USD$29m (£22m); and Tencent gaming revenue up 45%. Unity revenue climbs by 53.3% Unity Software Inc. has announced its financial results for the third quarter ended 30th September 2020, in which it completed its USD$1.3bn (£987m) IPO on the New York Stock Exchange, disclosing that revenue climbed by 53.3% year-over-year to USD$200.8m (£152.5m). The earnings rise was driven by several titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: VSPN raises USD$100m (£76.6m); Koei Tecmo sales up 39.7%; and Scopely acquires Genjoy. VSPN raises USD$100m (£76.6m) Shanghai-based esports solutions provider Versus Programming Network (VSPN) has announced that it has closed a USD$100m (£76.6m) Series B round, which will be used to support the expansion of its ecosystem outside of the Chinese market as well as the development of its products, most notably its first-party short-form video platform. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EVOS Esports raises USD$12m (£9.3m); Alliance Entertainment acquires GameFly; and active development ceased on StarCraft II. EVOS Esports raises USD$12m (£9.3m) Singapore-based Attention Holdings, parent company of EVOS Esports, has announced that it has raised USD$12m in a Series B funding round led by Korea Investment Partners, with support from Insignia Ventures Partners, along with new investors Mirae Asset Ventures, Woowa Brothers, and Indogen Capital. The investment will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft reveals Xbox Series S; PUBG Corp. axes Tencent India publishing contract; and WinZo raises USD$18m (£14m). Microsoft reveals Xbox Series S Microsoft has officially unveiled its next-generation Xbox Series S console in an announcement on Twitter, following an earlier leak published on Thurrot. As has been rumoured, the new device is positioned as a more affordable alternative to the Xbox Series X, at the trade-off of lower [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Wildlife Studios raises USD$120m (£91.7m); dMY Technology Group II SPAC in USD$240m (£183m) IPO; and PUBG Corporation invests USD$10m (£7.6m) in 1Up Ventures. Wildlife Studios raises USD$120m (£91.7m) Brazilian mobile game developer-publisher Wildlife Studios has announced that it has raised USD$120m (£91.7m) in Series B funding led by Vulcan Capital, with a supporting contribution from Human Capital. The round values the Sao Paulo-based firm at USD$3bn (£2.3bn), and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Vindex raises USD$300m (£232m) and acquires GAME’s Belong; mobile app and game fraud falls 30%; and Polyarc raises USD$9m (£7m). Vindex raises USD$300m (£232m) and acquires GAME’s Belong New York-based esports startup Vindex has raised USD$300m (£232m) in funding from as-yet undisclosed sources, and will acquire UK retailer GAME‘s Belong Gaming network of gaming sites in a deal valued at approximately USD$50m (£39m). According to a report published [...]

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. [...]

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 [...]