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: Admix secures USD$7m (£5.6m) Series A funding; DMarket raises USD$6.5m (£5.2m); and Machinations closes €580,000 (£520,000) seed round. Admix secures USD$7m (£5.6m) Series A funding In-game and XR advertising provider Admix has announced that it has raised USD$7m (£5.6m) in a Series A funding round led by London-based VC firm Force Over Mass, with additional contributions from Speedinvest, Sure Valley Ventures, and a host of angel investors. The [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: AT&T mulls USD$4bn (£3.2bn) Warner Bros. gaming sale; Nazara acquires majority stake in Halaplay; Aiva Technologies raises €1.5m (£1.3m); and Kahoot raises USD$28m (£22m). AT&T mulls USD$4bn (£3.2bn) Warner Bros. gaming sale AT&T is considering selling its Warner Bros. Interactive Entertainment video games division as part of its ongoing asset divestment strategy, as it looks to clear its debt portfolio which current stands at approximately USD$165bn (£132bn). According [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Homa Games partners with IRL Team; LootLocker raises SEK2.4m (£201,000); and Paradox Interactive opens new Barcelona studio. Homa Games partners with IRL Team Homa Games has joined forces with indie idle game studio IRL Team, with the aim of expanding its capabilities across mobile development and publishing. The three-strong staff at IRL Team have been hired by Homa Games but will continue to operate IRL Team out of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent to invest CN¥500bn (£57.0bn) in infrastructure; League of Legends adds in-game banners; and Renegades CEO fined USD$15,000 (£12,000) by FINRA. Tencent to invest CN¥500bn (£57.0bn) in infrastructure Dowson Tong, Senior Executive Vice President at Tencent Holdings Ltd. has announced that the Chinese conglomerate will be investing approximately CN¥500bn (£57.0bn) in infrastructure over the next five years, with aims to both support and diversify from its video game [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent online game revenue climbs 31%; Unreal Engine royalty-free up to USD$1m (£815,000); and FACEIT to manage North American Rainbow Six Siege esports. Tencent online game revenue climbs 31% Tencent online gaming revenue climbed by 31% year-on-year during the first quarter of 2020, reaching CN¥37.29bn (£4.389bn), driven by the strong performance of its smartphone portfolio, with both domestic titles (Peacekeeper Elite and Honour of Kings) and international releases [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sony gaming revenue declines by 14%; Parsec raises USD$7m (£5.7m); and Sleeper raises USD$20m (£16m). Sony gaming revenue declines by 14% Sony has announced its financial results for the year ending 31st March 2020, with its game and network services revenue falling by 14% year-on-year to JP¥1.977tn (£14.96bn), with operating income for the division having contracted by 23.4% to JP¥238.4bn (£1.803bn). The declining performance has been attributed to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayStation Store suspended in China; Unity acquires Finger Food Advanced Technology Group; and Rogue Games raises USD$2m (£1.6m). PlayStation Store suspended in China Sony has suspended the operations of the PlayStation Store in mainland China on an indefinite basis as of 10th May, with a spokesperson citing a “system security upgrade” as the reason for halting its services. The closure is potentially significant as it follows reports circulating [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sensor Tower raises USD$45m (£36m); Unity acquires Bolt; and Redemption Games receives AppLovin investment. Sensor Tower raises USD$45m (£36m) California-based mobile analytics firm Sensor Tower has announced that it has received a strategic investment of USD$45m (£36m) from Riverwood Capital, which will be used to support the platform’s growth through product innovation and recruitment. Since an initial USD$1m seed funding round in 2013, Sensor Tower has expanded organically, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: US gaming time up 45%; SteelSeries acquires A-Volute; and Torque Esports partners with Blake Broadcasting. US gaming time up 45% Time spent gaming in the United States has increased markedly during movement restrictions imposed as a result of the ongoing coronavirus pandemic, with the monthly Video Game Tracking survey by Nielsen Games suggesting an increase of 45%. Significant rises were observed in each of the other surveyed countries, [...]