TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent and Huawei partner for cloud gaming; Colopl acquires Mages; and HQ Trivia returns. Tencent and Huawei partner for cloud gaming Tencent has partnered with Huawei to launch a co-innovation development lab which will power a new mobile cloud gaming platform, termed GameMatrix. The collaboration will leverage Huawei’s Kunpeng processor technology with the firms prioritising emerging areas within the gaming industry, namely artificial intelligence (AI), virtual reality (VR), [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft bullish on Xbox supply chain; Tencent replaces DouYu and Huya directors; and Big Run Studios raises USD$1.4m (£1.2m) from Galaxy Interactive. Microsoft bullish on Xbox supply chain Microsoft CEO Satya Nadella has responded to concerns over Xbox Series X hardware manufacturing due to the ongoing outbreak of the Covid-19 strain of coronavirus, telling CNBC’s Jon Fortt, “On the supply side we are getting back on rails.” However, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Valve softens rhetoric against Steam competition; Bohemia Interactive grosses USD$68m (£58m); and Amuka Esports acquires Incendium Gaming. Valve softens rhetoric against Steam competition Valve CEO and co-founder Gabe Newell has softened the company’s rhetoric against competition for its Steam storefront. Writing in Edge Magazine, Newell stated that competition is “awesome for everybody” and helps stores release new features and constantly finesse their respective relationships with developers. Newell’s comments [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Genvid raises USD$6m (£4.9m); Miniclip acquires Eight Pixels Square; and Gfinity lowers revenue expectations. Genvid raises USD$6m (£4.9m) Interactive streaming technology provider Genvid Technologies has announced it has raised an additional USD$6m (£4.9m) in funding, taking its Series B round to USD$33m (£27m), and total investment to USD$53m (£44m) to date since its formation in 2016. The latest tranche comes courtesy of NTT Domoco Ventures, Samsung Ventures, and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Cubic Motion; USD$4.1bn (£3.2bn) invested in XR in 2019; Super League Gaming posts net loss of USD$30.6m (£24.1m); and GameStop shareholders demand board representation. Epic Games acquires Cubic Motion Epic Games has acquired Manchester-based facial animation technology firm Cubic Motion for an undisclosed sum. The acquisition is not thought to result in any job losses, while current contracts held by the acquired firm will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: E3 2020 to be cancelled; Unity acquires Artomatix; Mod.io raises USD$1m (£769,000); and PUBG CEO to also lead parent company. E3 2020 to be cancelled The 2020 edition of the Electronic Entertainment Expo (E3) will shortly be cancelled due to the ongoing outbreak of the Covid-19 strain of coronavirus. While yet to be publicly confirmed by organisers The Entertainment Software Association (ESA), a formal announcement to cancel the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: DDM acquires data platform from Digi-Capital; Destiny drops loot boxes; Disruptor Beam continues engine pivot; and GameStop announces trio of board appointments. DDM acquires data platform from Digi-Capital Northampton, MA-based video game and digital entertainment agency Digital Development Management (DDM) has acquired Digi-Capital’s gaming industry investment data platform for an undisclosed sum. The platform, which reportedly covers over a decade of financial transactions in the sector, will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: SEA Telcos to launch gaming joint venture; Horizon raises USD$5m (£3.8m); and Nvidia acquires SwiftStack. SEA Telcos to launch gaming joint venture Singapore Telecommunications (Singtel), its Thai affiliate Advanced Info Service (AIS), and South Korean firm SK Telecom have partnered to launch an as-yet unnamed joint venture focusing on gaming-related revenue streams. The new collaboration will focus on partnering with international developers operating in the Southeast Asian (SEA) [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Google opens Playa Vista Stadia studio; Esports Players League completes USD$1m seed round; and Phoenix Games acquires Studio Firefly. Google opens Playa Vista Stadia studio Google has opened its second studio specifically focused on making games and entertainment content for the Stadia cloud platform. The studio will be based in Playa Vista, California, joining the existing operation in Montreal, Canada. Former Sony Santa Monica lead Shannon Studstill is to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gaming firms allegedly benefiting from forced labour; Sonatic raises €2.3m (£2.0m); Curve Digital partners with H2 Interactive; and Zordix acquires Invictus Games. Gaming firms allegedly benefiting from forced labour Multiple global technology and video game companies, including Apple, Sony, Microsoft, Nintendo, HTC, and Oculus, have reportedly benefited from the forced labour of Uighur Muslims in factories across China, according to a report published by the Australian Strategic Policy [...]