M&A

• Tencent Gaming Revenue Increases; Bethesda Absorbs Human Head Studios

  6 days ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gaming revenue increases; Bethesda absorbs Human Head Studios; and John Carmack to step down as Oculus CTO. Tencent gaming revenue increases Tencent has released its financial results for the third quarter of 2019, with total revenue increasing by 21% year-on-year and 9% quarter-on-quarter to reach CN¥97.24bn (£10.78bn). A strong performance from the company’s smartphone gaming division, including the release of Call of Duty Mobile, has been cited [...]

• Improbable Partners with Tencent Cloud; Unity Acquires Obvioos

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Improbable partners with Tencent Cloud; Unity acquires Obvioos; Anzu.io enters Xbox Tools and Middleware Program. Improbable partners with Tencent Cloud London-based simulation software distributor Improbable has announced a partnership with Tencent Cloud, with the latter’s computational resources now able to be utilised by Chinese developers using Improbable’s SpatialOS platform. AI, game iteration speed and scaling multiplayer simulations are all purported to benefit from the collaboration. The firms have [...]

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• Microsoft Gaming Revenue Declines by 7%; Sumo Digital Opens North West Studio

  4 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Microsoft gaming revenue declines by 7%; Sumo Digital opens North West studio; and Tencent becomes majority shareholder of Supercell. Microsoft gaming revenue declines by 7% Microsoft results from the first quarter of the 2020 financial year reveal that revenues generated by the company’s gaming division have fallen by USD$196m (£152m) year-on-year, which represents a decline of 7%. The decline was primarily driven by a fall in Xbox hardware [...]

• Saber Interactive Acquires Bigmoon Entertainment; Unity Raises Charges

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Saber Interactive acquires Bigmoon Entertainment; Unity raises subscription charges; US senators and congress criticise Activision Blizzard. Saber Interactive acquires Bigmoon Entertainment US-based developer Saber Interactive has announced the acquisition of Portuguese studio Bigmoon Entertainment for an undisclosed sum, with the acquired firm being rebranded as Saber Porto. Bigmoon Entertainment has released a total of 18 titles in the previous ten years, and will now work on two unannounced [...]

• NorthEdge Acquires Catalis; Player Spends AUD$220,000 (£118,000) on Free-to-Play Microtransactions

  1 month ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: NorthEdge acquires Catalis; player spends AUD$220,000 (£118,000) on free-to-play microtransactions; Project xCloud preview goes live. NorthEdge acquires Catalis VC firm NorthEdge Capital has acquired UK video game company Catalis, in a deal worth £90m. NorthEdge contributed £46.6m towards the deal through its Project Sword Bidco acquisition vehicle, with the remainder coming from shareholding reinvestment by Vespa Capital and Dominic Wheatley, the present CEO of Catalis. The acquired firm [...]

• Sumo Group Welcomes New Chairman, Posts Half-Year Financials; Sony Selling Hardware and Games Direct to Consumer

  2 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Sumo Group Welcomes New Chairman, Posts Half-Year Profits; Sony Selling Hardware and Games Direct to Consumer; Improbable Acquires The Multiplayer Guys.   Sumo Group Welcomes New Chairman, Posts Half-Year Profits The Sumo Group has named game industry veteran Ian Livingstone as its new chairman, while reporting healthy pre-tax profits in its its H1 2019 financials. Headquartered in Sheffield, the Sumo Group has studios under its Sumo Digital banner located across [...]

• PUBG Mobile Revenue Passes USD$1 Billion (£803.6m); Unity Acquires DeltaDNA

  2 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: PUBG Mobile Revenue Passes USD$1 Billion (£803.6m); Unity Acquires DeltaDNA; French Court’s Steam Second Hand Sales Ruling Contradicts EU Law, Says Trade Body PUBG Mobile Revenue Passes USD$1 Billion (£803.6m) Milestone Tencent’s PUBG Mobile has cleared USD$1bn (£803.6m) in revenue since undergoing a re-brand in the tech giant’s home territory of China. That’s according to Sensor Tower data, which points to 540% year-on-year growth since the battle royale game [...]

• Apple Arcade Detailed; Capcom Wins Patent Lawsuit; Disney Reported to be Looking to Sell FoxNet Studio

  2 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Apple confirms Apple arcade date and price; Capcom wins legal clash with Koei Tecmo; Disney reported to be selling FoxNet gaming business. Apple Arcade coming September 19th at £4.99 a month Apple has provided more details on the gaming subscription service it announced back in March. Apple Arcade offers a curated and expanding collection of games, and will debut on September 19th, having been priced at USD$4.99 (£4) per [...]

• THQ Nordic Sales Increase by 36%; Loot Crate Files for Bankruptcy

  3 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: THQ Nordic sales increase by 36%, announces multiple acquisitions; Loot Crate files for bankruptcy; and US delays tariffs on China-made games consoles. THQ Nordic sales increase by 36%, announces multiple acquisitions THQ Nordic AB has released its interim report for Q1 FY 2019-2020, announcing that net sales have increased during this period by 36% year-on-year to SEK1.142bn (£99m). The growth has largely been attributed to strong sales on its [...]

• Microsoft, Nintendo and Sony to Force Publishers to Disclose Loot Box Drop Rates

  3 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending business stories in gaming. In today’s edition: Microsoft, Nintendo and Sony to force publishers to disclose loot box drop rates; TaxWatch alleges Activision Blizzard moves €5bn (£4.61bn) to avoid tax; and Animoca Brands posts record quarterly revenue of AUD$8.7m (£4.82m). Microsoft, Nintendo and Sony to force publishers to disclose loot box drop rates Leading console makers Microsoft, Nintendo and Sony have announced that publishers releasing games on their platforms will be forced to disclose drop [...]