TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft recruiting for AAA VR title; current-gen console sales declining at faster rate; and ByteDance appoints head of gaming. Ubisoft recruiting for AAA VR title Ubisoft Blue Byte GmbH is hiring for a series of roles to work on a AAA VR project, which will be based upon one of the publisher’s “greatest IPs”. While Ubisoft Blue Byte is best known for developing titles based on the Anno [...]

[LAST UPDATE: 10th February, 2020] The time of year has come when myriad gaming companies and other tech outfits are releasing their new financial reports, with the conventional Q4 financial quarter drawing to a close on the final day of 2019. The likes of Sony, Microsoft, Nintendo, Zynga, DeNA, EA, Capcom and many others are now releasing numerous and detailed insights into their relative successes and failures both over the past quarter – and in some cases for 2019 in its entirety. As [...]

PlayStation is skipping on attending E3 this year, just a few months before it plans to launch the PS5. A decade or so ago, that would have seemed like a very peculiar move. E3 has long been the place to announce and launch the biggest games and gaming platforms. It is famed as a media frenzy, where the world’s press amass to collect and share all the key gaming news. Indeed, it was the very first E3 in 1995 that saw one [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Gameloft partners Blacknut for cloud gaming; PUBG Mobile lifetime revenue passes USD$1.5bn (£1.1bn); Sony hires Greg Rice and Christian Svensson. Gameloft partners Blacknut for cloud gaming Mobile publisher Gameloft Distribution Solutions has announced the launch of a cloud gaming service in partnership with Blacknut, which will see the two firms combine their respective catalogues of over 360 owned and third-party titles. The games will be available to stream [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Adobe acquires Facebook’s VR sculpting tool Medium; Epic Game Store enables third-parties to offer in-game purchases; Bethesda puts The Elder Scrolls Legends development on hold. Adobe acquires Facebook’s VR sculpting tool Medium Creative software provider Adobe has acquired the VR sculpting tool Medium from Facebook for an undisclosed sum. Launched by the social media giant in December 2016, the art tool previously let users of VR systems paint, sculpt [...]

[UPDATED NOV 18TH] Numerous gaming companies and related tech outfits have been sharing their new financial reports in recent days, with the Q3 financial quarter drawing to a close at September’s close. The likes of Activision Blizzard, Tencent, Sony, Rovio, EA, Ubisoft, Facebook, Apple, Zynga, Nvidia and many others have all made public insights into their commercial fortunes, making it somewhat hard to keep up. As such, below we’ve rounded-up the key numbers from the most prominent reports. With companies in games and [...]

Last night was a big night for Xbox. Microsoft hosted its X019 event in London, which was plump with announcements. If one theme dominated, though, it was the delivery of games as a service. Both Game Pass and Project xCloud enjoyed plenty of focus. The former is a subscription service for the Xbox One that adopts the ‘Netflix of Games’ model, giving users access to a library of titles for a regular fee. xCloud, meanwhile, is the coming Xbox cloud gaming streaming [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: EA hints at return to Steam; Sony examining sale of PlayStation Vue; and Ubisoft share price plummets following profit warning. EA hints at return to Steam EA has hinted that the company’s titles will be returning to Steam, ending an eight year period of exclusivity on the Origin storefront. The firms appear to have reached a compromise, whereby titles will be available to purchase on Steam but will [...]

After making a few whispers earlier this year, Sony has finally given the world a chance to peak under the partially lifted lid that covers the in-development PlayStation 5. And, yes, it’s officially called the ‘PlayStation 5’. That won’t come as a surprise in the wake of the PlayStation, PlayStation 2, PlayStation 3 and PlayStation 4. But now the name is official, along with a ‘holiday 2020’ release window, as confirmed in a new Sony blog post. The announcement wasn’t especially big [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Sony Interactive Entertainment lays off ‘dozens’ of staff; Google Stadia to use negative latency; and TouchTen secures funding. Sony Interactive Entertainment lays off ‘dozens’ of staff Sony Interactive Entertainment has reportedly laid off ‘dozens’ of staff across its European (SIEE) and North American (SIEA) divisions, as part of previously-announced restructuring efforts. PlayStation directors reportedly visited SIEE officers in London on Tuesday to notify them of the corporate decision, [...]