TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Opera acquires YoYo Games; multiple studios fined for geoblocking; and Visionary Realms secures seven-figure investment. Opera acquires YoYo Games Internet browser developer Opera has announced that it has acquired Dundee-based YoYo Games for approximately USD$10m (£7.3m). The acquired firm, which operates 2D game engine GameMaker Studio, will be combined with gamer-oriented browser Opera GX in a new subsidiary division, termed Opera Gaming. GameMakerStudio increased its userbase by 400,000 [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESA to pause political donations; Capcom breach affecting up to 390,000; and Microsoft-bound Bethesda secures Indiana Jones licence. ESA to pause political donations The Entertainment Software Association (ESA) has announced that it will be suspending donations to individuals through its political action committee (PAC) vehicle, following the attempt by multiple beneficiaries of their contributions to overturn the result of the US presidential election, amid a violent siege on [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: CD Projekt under consumer protection scrutiny; Publicis launches dedicated gaming offering; and Venatus hires seven amid 38% growth. CD Projekt under consumer protection scrutiny CD Projekt has fallen under the scrutiny of the Polish Office of Competition and Consumer Protection (UOKiK) over the poor technical performance of its recently-released flagship title Cyberpunk 2077 on PlayStation 4 and Xbox One consoles. As outlined by UOKiK press officer Małgorzata Cieloch [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Rad Game Tools; Tapjoy reaches settlement with the FTC; and Juked closes crowdfunding campaign at USD$1.07m (£788,000). Epic Games acquires Rad Game Tools Epic Games has announced that it has acquired Rad Game Tools, a software development operating out of Kirkland, Washington, for an undisclosed sum. Executives have confirmed that RAD’s technology is set to be integrated within Epic’s Unreal Engine, while the acquiree will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox raises USD$520m (£382m) ahead of direct listing; SuperData forecasts 2% growth for 2021; and Trump administration mulling Tencent investment ban. Roblox raises USD$520m (£382m) ahead of direct listing Online gaming platform developer Roblox Corporation has announced that it has raised USD$520m (£382m) in a Series H funding round led by US investment firms Altimeter Capital and Dragonner Investment Group, with additional support from the Investment Group of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Niantic acquires Mayhem; Westbridge sells INR₹5bn (£50.2m) stake in Nazara Technologies; and Frogwares’ The Sinking City returns to stores amid legal dispute with Nacon. Niantic acquires Mayhem Augmented reality (AR) studio Niantic has announced the acquisition of video game community platform Mayhem, a fellow San Fransisco-based firm, for an undisclosed sum. According to statements released by the two firms, the “majority” of staff at the acquired firm will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gaijin Entertainment allegedly funding DPR militants; Asetek in IP deal with Granite Devices; and Microsoft calls for arbitration in Xbox drifting lawsuit. Gaijin Entertainment allegedly funding DPR militants Gaijin Entertainment, best known for its MMO shooter titles War Thunder, Crossout, and Star Conflict, has allegedly been actively supporting the self-styled Donetsk People’s Republic (DPR) dissident group in the disputed Ukrainian province of Donechyna. According to a report initially [...]

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: US Senator proposes prison for streaming copyright violators; Salad Technologies raises USD$3.2m (£2.4m); and Nintendo shifts 1.3 million Switch consoles in China. US Senator proposes prison for streaming copyright violators United States Senator Thom Tillis has filed an incendiary amendment to the controversial CASE act being pushed through Congress as part of last-minute measures to prevent a government shutdown tomorrow (11th December 2020), which proposes streaming copyrighted material [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bombay Play raises USD$1m (£744,000); Appyfurious receives My.Games funding; and Activision Blizzard sues Netflix for alleged executive poaching. Bombay Play raises USD$1m (£744,000) Mobile social game developer Bombay Play has announced that it has secured USD$1m (£744,000) in a seed round financed wholly by video game-dedicated venture capital fund Lumikai. The Mumbai-based startup is set to use the funding for future title development and to support its existing [...]