TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: China to enforce age ID system from September; Veloce merges esports and racing divisions; and Microsoft rebrands Game Pass. China to enforce age ID system from September China has announced that its updated real-name identification system for games, ostensibly designed to limit both the time and money spent by children within games, will be implemented nationally from September onwards. As reported in the South China Morning Post, Central [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft posts strong results amid abuse allegations; Mobalytics raises USD$11.25m (£8.846m); and Microsoft gaming revenue climbs 64%. Ubisoft posts strong results amid abuse allegations French developer-publisher Ubisoft has reported an increase of 17.6% year-on-year in quarterly sales over Q1 FY 2020-2021 to €410m (£372m), significantly higher than the targeted €335m (£304m) as gaming continues to see a spike in player attention through the coronavirus pandemic. Indeed, the Montreuil-based [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Chushou TV shuttered; Microsoft tells developers not to charge for next-gen upgrades; and AppLovin appoints four executive team members. Chushou TV shuttered Chinese video game streaming platform Chushou TV has been shuttered as of 2nd July 2020 in the wake of claims that it has not paid streamers and influencer agencies for several months, with some providers owed up to CN¥5m (£569,000). The streaming market in China is [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft contemplating WBIE acquisition; Pokémon GO surpasses USD$3.6bn (£2.9bn) in revenue; and Dignitas partners with ExpressVPN. Microsoft contemplating WBIE acquisition Microsoft executives are contemplating the purchase of Warner Bros. Interactive Entertainment (WBIE) from AT&T, according to two anonymous sources speaking to The Information, in order to add to its suite of first-party studios. While IP such as Harry Potter and Batman (DC Comics) would have to subsequently be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent launches Twitch rival; Microsoft to close all physical retail outlets; and BS2 pivots sponsorship efforts to esports. Tencent launches Twitch rival Chinese technology conglomerate Tencent Holdings Ltd. has launched a mobile-focused video game streaming network in the United States, branded as Trovo Live, and will roll out a USD$30m (£24m) partnership programme for the nascent service from July until the close of 2021. Ostensibly, the platform is [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft to shutter Mixer; Facebook acquires Ready at Dawn Studios; and Overwolf acquires CurseForge assets from Twitch. Microsoft to shutter Mixer Microsoft has announced that it will shutter its Mixer streaming platform as of 22nd July 2020, with current viewer and streamer accounts to be transitioned to the Facebook Gaming service as part of a new strategic partnership. In return, Facebook Gaming will be used to promote and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bublar Group to acquire Goodbye Kansas; Xbox Game Pass reaches 10 million subscribers; and majority of genres seeing player increases. Bublar Group to acquire Goodbye Kansas Swedish XR technology and visualisation firm Bublar Group AB has reached an agreement to acquire visual effects services company Goodbye Kansas for approximately SEK56m (£4.6m) through the direct issuance of 16.4 million shares at a fixed purchase price. The announcement notes that [...]

Companies within the video game ecosystem have begun to share their consolidated financial results for the quarters ending March 31st and April 30th 2020, with many noting the initial effect of the Covid-19 coronavirus pandemic on their bottom line. Here, you can find a summary of each company’s performance throughout the quarter, along with links to full financial reports where available. Last updated: 22nd May. This article will be updated periodically to reflect new releases. To list your company’s financial [...]

[LATEST UPDATE: 3rd April] As the COVID-19 novel coronavirus continues its spread and has hit pandemic level, there has been a growing impact on the game industry. The game sector’s problems, of course, are trivial compared to the millions impacted and the potential danger to millions more across the world.  However, the earlier Taipei Game Show and Mobile World Congress were previously cancelled amidst concerns around the virus, the potential arrival of the next-generation consoles may – or may not – [...]

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, [...]