TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox raises USD$520m (£382m) ahead of direct listing; SuperData forecasts 2% growth for 2021; and Trump administration mulling Tencent investment ban. Roblox raises USD$520m (£382m) ahead of direct listing Online gaming platform developer Roblox Corporation has announced that it has raised USD$520m (£382m) in a Series H funding round led by US investment firms Altimeter Capital and Dragonner Investment Group, with additional support from the Investment Group of [...]

TheGamingEconomy’s Daily Digest brings you the latest news in the world of gaming. In today’s news: App Annie reports record gaming app downloads in Q2; CtW launches a campaign against EA’s pay practices; and a study shows that gaming fared better than other projects on Kickstarter during the height of COVID lockdown.   Q2 sees record-breaking app store downloads   Data and analytics firm App Annie reports that mobile gaming apps saw 14 billion downloads in Q2 – the highest number ever recorded. The [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: European mobile game revenue hits record high; Riot Games acquires Hypixel Studios; and esports predicted to withstand recession. European mobile game revenue hits record high March 2020 saw a record high level for mobile game downloads across Europe according to Sensor Tower estimates, with installs climbing by 19% month-on-month to reach 1.2 billion. The comparative rise during the same period last year was 9%. While European user spend [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Google rolls out hypercasual platform for low spec devices and networks; CD Projekt now Europe’s second-largest game company; and Oculus making ‘significant headway’ against HTC’s VR effort. Google rolls out hypercasual platform for low spec devices and networks Google’s experimental tech ‘workshop’ Area 120 has launched Gamesnacks, a new HTML5-based mobile gaming platform that supports lower-spec phones, as well as networks such as 2G and 3G. Geared towards fast [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Xbox to delay Series X exclusives; Switch releases in 2019 outnumber combined PS4 and Xbox One launches; and research launched into environmental impact of gaming. Xbox to delay Series X exclusives Xbox will be delaying Series X exclusive titles for a period of one to two years after the launch of the device, with games released during this window being available across Xbox One as well as the [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Microsoft considers xCloud-exclusive titles; global game spend forecast revised to USD$148.8bn (£115.9bn); Coherance raises USD$2.5m (£1.9m) seed funding; and Misfits launches USD$10m (£7.8m) esports and gaming incubator. Microsoft considers xCloud-exclusive titles Microsoft is considering releasing exclusive titles on the upcoming Project xCloud platform, and is actively engaging with third-party developers along with in-house studios, according to an interview with Kareem Choudhry, corporate vice president, gaming cloud, published in [...]

‘Mixed reality’ content will see 10 billion app installs by 2024, up from 3 billion in 2019, says a new report. The prediction comes from research and analytics outfit Juniper Research, which has published the results of a new study titled ‘Consumer Mixed Reality: Emerging Opportunities, Vendor Strategies & Market Forecasts 2019-2024’. ‘Mixed reality’ – or ‘MR’- is a term defined slightly different in different places; particularly since it’s deployment as marketing jargon when hype around virtual reality spiked in the wake [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gains China approval to publish Mario title; 78% of gaming preteens watch gaming videos; and Blade raises €30m (€25.9m). Tencent gains China approval to publish Mario title Tencent has gained approval from China’s State Administration of Press, Publication, Radio, Film and Television to publish the updated Switch version of Nintendo’s Super Mario Bros. U Deluxe title, according to reports from Reuters. The move brings a greater likelihood [...]