TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Razer revenue reaches USD$821m (£694m); Fritz AI raises USD$5m (£4.2m); and estimated MTG esports revenue down 35%-45%. Razer revenue reaches USD$821m (£694m) Gaming technology firm Razer has announced its annual financial results for the year ended December 31st 2019, with revenue climbing by 15.2% year-on-year to reach a company record level of USD$820.8m (£693.6m). Excluding its mobile handset business, which it has now exited, Razer achieved adjusted EBITDA [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Cloud gaming to reach USD$56.57bn (£48.80bn) by 2027; DreamCraft raises USD$3m (£2.6m); and Google Stadia partners with Unity. Cloud gaming to reach USD$56.57bn by 2027 The global cloud gaming market is forecast to reach USD$56.57bn (£48.80bn) by 2027, representing a CAGR from 2018 of 15.7%, according to estimates from Fortune Business Insights. Several factors have been cited as drivers towards this growth, including the increased adoption of online [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Valve softens rhetoric against Steam competition; Bohemia Interactive grosses USD$68m (£58m); and Amuka Esports acquires Incendium Gaming. Valve softens rhetoric against Steam competition Valve CEO and co-founder Gabe Newell has softened the company’s rhetoric against competition for its Steam storefront. Writing in Edge Magazine, Newell stated that competition is “awesome for everybody” and helps stores release new features and constantly finesse their respective relationships with developers. Newell’s comments [...]

In this special exclusive contributed piece, Dimoso CEO Jacki Vause considers the fine art of publishing mobile games to China. Vause is a widely respected veteran of the tech, mobile and PR space, has been named one of PCR’s Top-30 Women in Mobile, and is an experienced entrepreneur and founder. — China should be considered by all mobile games developers who are looking to take their games global. Over the years I have represented many developers and publishers both from the East [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Video games UA spend to hit £37bn; PlatinumGames developing engine; and Comscore and Twitch partner for streaming analytics. Video games UA spend to hit £37bn Mobile attribution platform AppsFlyer has predicted that gaming app spend on user acquisition (UA) will reach £37bn by 2022, a 118% increase from the £17bn spent in 2019. The prolific increase reflects the competitiveness of the sector, with gaming responsible for an estimated [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Cubic Motion; USD$4.1bn (£3.2bn) invested in XR in 2019; Super League Gaming posts net loss of USD$30.6m (£24.1m); and GameStop shareholders demand board representation. Epic Games acquires Cubic Motion Epic Games has acquired Manchester-based facial animation technology firm Cubic Motion for an undisclosed sum. The acquisition is not thought to result in any job losses, while current contracts held by the acquired firm will be [...]

As part of the recent UK budget, the government confirmed that it is pressing ahead with its somewhat controversial Digital Services Tax. As reported by the Financial times, the UK plans to raise £500m a year by applying the tax primarily to large US tech companies. It is being seen as a means to secure money in relation to allegations that many large tech outfits are not paying enough tax in the areas in which they operate, instead using low tax [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: USD$4.2m (£3.2m) seed round for Pragma; Lince Works raises USD$3.4m (£2.6m); Joy-Con drift lawsuit referred to arbitration; Daniel Alegre appointed as COO and president of Activision Blizzard. USD$4.2m (£3.2m) seed round for Pragma Back-end development support provider Pragma has raised USD$4.2m (£3.2m) in a seed round led by Upfront Ventures, with a range of participating investors including Advancit Capital; Jarl Mohn (NPR, former Riot Games); Dan Dinh (TSM) [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: E3 2020 to be cancelled; Unity acquires Artomatix; Mod.io raises USD$1m (£769,000); and PUBG CEO to also lead parent company. E3 2020 to be cancelled The 2020 edition of the Electronic Entertainment Expo (E3) will shortly be cancelled due to the ongoing outbreak of the Covid-19 strain of coronavirus. While yet to be publicly confirmed by organisers The Entertainment Software Association (ESA), a formal announcement to cancel the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: DDM acquires data platform from Digi-Capital; Destiny drops loot boxes; Disruptor Beam continues engine pivot; and GameStop announces trio of board appointments. DDM acquires data platform from Digi-Capital Northampton, MA-based video game and digital entertainment agency Digital Development Management (DDM) has acquired Digi-Capital’s gaming industry investment data platform for an undisclosed sum. The platform, which reportedly covers over a decade of financial transactions in the sector, will be [...]