TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: XR revenue to reach USD$14.9bn (£11.4bn) in 2023; Nintendo mobile games generate USD$1bn (£768m); and Disney to close Fogbank Entertainment. XR revenue to reach USD$14.9bn (£11.4bn) in 2023 The global XR market is projected to reach USD$14.9bn (£11.4bn) by 2023, according to estimates released by Nielsen’s SuperData division. Forty-five percent of this figure, USD$6.7bn (£5.1bn), can be attributed to sales of AR/MR hardware and consumer software, which would [...]

In the first of this two-part interview series, TheGamingEconomy speaks with Yat Siu (pictured), founder and non-executive chairman of Animoca Brands, following its acquisition of nWay, Inc. in December 2019. In part one: integrating nWay, advertising partnerships, and upcoming developments in mobile gaming. How do you plan on leveraging the technology and expertise of nWay to enter the competitive gaming space? One of the things that nWay has really cracked is real-time multiplayer fighting games, which in mobile is not at all [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Digital Bros moves to acquire Starbreeze; US game content generates USD$35.4bn (£27.0bn) in 2019; and Media and Games Invest acquires Verve assets. Digital Bros moves to acquire Starbreeze Milan-based entertainment firm Digital Bros has made a potential move to acquire Swedish developer Starbreeze, with the board authorising chairman Abramo Galante to purchase the assets in the Swedish publisher currently held by Korean developer publisher Smilegate Holdings, in a deal [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Disney sells FoxNext Games; Valve not planning release of Source 2 SDK; and Nintendo wins European Court ruling on digital refunds. Disney sells FoxNext Games Disney has sold FoxNext Games Los Angeles and Cold Iron Studios to mobile developer Scopely for an undisclosed sum, thought to be in the region of USD$250m (£191m). The San Francisco-based FoxNext Fogbank Entertainment studio was not included in the deal, and will likely [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent set to acquire Funcom for USD$148m (£114m); AppsFlyer raises USD$210m (£161m); Stillfront Group acquires Storm8 for USD$300m (£230m); and US state intervention attempt on Riot Games discrimination lawsuit. Tencent set to acquire Funcom Tencent Holdings Limited has made a formal offer to acquire the remainder of shares it does not currently own in Funcom SE, in an all-cash bid valuing the developer-publisher at NOK 1.33bn (£114m), which has [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Miniclip to acquire Ilyon Games; new Switch console rumoured for mid-2020; and Tencent invests in Platinum Games. Miniclip to acquire Ilyon Games Tencent-owned Miniclip has reached an agreement to acquire Israeli mobile game developer Ilyon Dynamics Ltd. for a total consideration of USD$100m (£76.2m), according to sources speaking to The Marker. Ilyon, founded in 2013, is best known for developing free-to-play casual titles such as Power Pop Bubbles, [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Team17 picks up Yippee Entertainment; Worldwide Christmas spend on apps tops USD$277m (£209.6m); and Nexon sells off mobile development subsidiary for JPN¥1 (£0.007). Team17 picks up Yippee Entertainment Long-standing UK developer and publisher Team17 has acquired Yippee Entertainment for close to £1.4m. Founded in 2011, Yippee develops own IP alongside end-to-end creation of games on a third-party basis. The company has also served as a digital publisher. Now wholly owned [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Typhoon Studios joins Google’s Stadia Games and Entertainment; Tencent-backed Global Esports Federation founded; and Twitch Fortnite viewership dips 28% in 2019. Typhoon Studios joins Google’s Stadia Games and Entertainment Following an acquisition independent developer Typhoon Studios has joined Google’s cloud-focused game division Stadia Games and Enetertainment. Founded in 2017, Typhoon is led by former Electronic Arts executive producer Reid Schneider, and previous Ubisoft creative director Alex Hutchinson. The acquisition [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Facebook acquires cloud gaming outfit PlayGiga; Bidstack secures £10m Agency Trade Deal; and Call of Duty: Modern Warfare clears USD$1bn (£776.4m) in sales Facebook acquires cloud gaming outfit PlayGiga Social networking giant Facebook has acquired Madrid-based cloud gaming company PlayGiga. As reported by CNBC, the move furthers Facebook’s increasing presence in the gaming space, following the news that it picked up VR studio Beat Games last month. Equally, with [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Clash of Clans is top-grossing mobile game of the decade; Brawl Stars reaches revenue of USD$420m (£314m); and Keywords Studios acquires Ichi, Kantan, and Syllabes. Clash of Clans is top-grossing mobile game of the decade Clash of Clans is the top grossing mobile game of the decade, according to charts compiled by App Annie. While revenue estimates were not disclosed in the findings, in March this year the [...]