TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: “Significant” ramifications warned from Epic vs Apple case; Dapper Labs raises USD$18m (£13.8m); and Talon Esports secures USD$2m (£1.5m) seed funding. “Significant” ramifications warned from Epic vs Apple case US District Judge Yvonne Gonzalez Rogers has granted an injunction against Apple in its ongoing legal battle with Epic Games, ruling the tech giant cannot remove access to Unreal Engine developer tools, while also rejecting Epic Games’ demands to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: US House criticises app store dominance; G-Loot raises SEK500m (£43.3m); and Activision Blizzard withdraws from France. US House criticises app store dominance The US House of Representatives antitrust committee has filed a 449-page report criticising the four big tech companies, namely Apple, Google, Facebook, and Amazon, following an investigation into their alleged monopolistic practices. Most preeminent for the video games industry is the House findings on Apple [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Survios raises USD$16.7m (£12.9m); quarter of Ubisoft employees experienced misconduct; game streaming retains momentum. Survios raises USD$16.7m (£12.9m) Los Angeles-based VR developer Survios has raised USD$16.7m (£12.9m) in a venture funding round led by SeAH Group’s investment vehicle Irongrey and supported by Woori Technology Investment; KNET Venture Fund; Seoul Investment Partners; Shasta Ventures; Lux Capital; and Samsung Next. The investment will be used for recruitment and to support [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESL and DreamHack merge; Tencent acquires “major stake” in 10 Chambers; and Nintendo piracy store to pay USD$2m (£1.6m). ESL and DreamHack merge Modern Times Group (MTG) has announced that its subsidiary esports tournament organisers ESL and DreamHack are to merge, effective as of yesterday (30th September 2020). The combined entity will operate under the ESL Gaming brand and will be led by Co-CEOs Craig Levine and Ralf [...]

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: Unity raises over USD$1.3bn (£1.0bn) in IPO; Supercell fined USD$8.5m (£6.6m) over patent violations; and Hypemasters receives funding from MGVC. Unity raises USD$1.3bn (£1.0bn) in IPO Unity Technologies has raised over USD$1.3bn (£1.0bn) in gross proceeds from its initial public offering (IPO) on the New York Stock Exchange, which took place on Friday, after offering the tranche of 25 million common stock at USD$52 (£40.2m) per share, above [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Paradox Interactive staff allege poor treatment; Gameye raises USD$2.4m (£1.8m); and Apple countersues Epic Games. Paradox Interactive staff allege poor treatment Multiple employees from Paradox Interactive have accused the Swedish developer-publisher of mismanagement and poor treatment, primarily over the closure of its Sweden publishing quality assurance (QA) department. According to the anonymous members of QA staff in a report published by Rock Paper Shotgun, Paradox executives failed to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Challengermode raises USD$12m (£9.1m); Frogwares in legal dispute with Nacon; and Colossi Games secures USD$650,000 (£495,360). Challengermode raises USD$12m (£9.1m) Esports tournament creation and listings platform Challengermode has raised USD$12m in a funding round led by Alibaba Group’s eWTP Innovation Fund, with support from GP Bullhound, Back in Black Capital, and Telia Ventures. The investment will be used by the Stockholm-based firm to expand into North America, develop [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity files for IPO; US court partially upholds Epic injunction against Apple; and Nintendo rumoured to launch new Switch console in 2021. Unity files for IPO Video game technology firm Unity has filed its S-1 statement ahead of its proposed initial public offering (IPO) on the New York Stock Exchange, under the stock ticker “U”. Funds raised from the IPO will purportedly be used for general corporate purposes, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft supporting Epic in Apple dispute; Corsair Gaming files for USD$100m (£76.4m) IPO; and Microsoft Flight Simulator to drive USD$2.6bn (£2.0bn) PC hardware spend. Microsoft supporting Epic in Apple dispute Microsoft has filed a 564 page document in support of Epic Games in its ongoing dispute against Apple over its policy of disallowing third-party payment systems within its App Store ecosystem. Specifically, Microsoft is arguing against the actions [...]