TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent revenue up 21%; video game usage rises amid Covid-19; and users prefer non-intrusive gaming ads to display units. Tencent revenue up 21% Tencent Holdings Limited has posted its financial results for the fourth quarter and full-year 2019, with its annual revenue climbing by 21% from the previous year to CN¥337.29bn (£40.38bn), moreover operating profit increased by a similar measure (22%) to CN¥118.69bn (£14.21bn). Income from its gaming [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: 55% of UK dev jobs are outside of London and the South East; Atari to open gaming hotels; and USD$10m-plus (£7.68m-plus) contracts for top streamers departing Twitch 55% of UK dev jobs are outside of London and the South East UK games industry trade body Ukie and cultural charity the BFI have released a new report that reveals that 55% of game developers were based outside London and the [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Rambler Media Group to sue Twitch for RUB₽180bn (£2.145bn); global gaming app revenue hits USD$41.5bn (£31.1bn); and Animoca Brands to acquire nWay for USD$7.69m (£5.76m). Rambler Media Group to sue Twitch for RUB₽180bn (£2.145bn) Rambler Media Group is to sue Twitch for maximum damages of RUB₽180bn (£2.145bn) over an alleged series of 36,000 breaches of exclusive broadcasting rights for English Premier League football matches in Russia. The incidents [...]

In this special contributed piece Erick Fang, CEO of AI-driven ad platform Mintegral, explores the opportunity and challenges around cloud gaming. And as the release of Google Stadia nears, he considers how the roll-out of 5G will found any potential… March’s GDC presentation of Google Stadia was a real game-changer. Stadia and services like it could disrupt the gaming industry, just as Uber did with taxis, Netflix with TV and Amazon with shopping. Google, Microsoft and others vision a future without consoles [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tenacious Entertainment raises USD$3.3m (£2.7m); content streamed on Mixer triples; and Hearthstone player banned for Hong Kong protest support. Tenacious Entertainment raises USD$3.3m (£2.7m) Washington-based mobile developer Tenacious Entertainment has raised USD$3.3m (£2.7m) as part of an ongoing investment round. The studio was founded in 2018 by former ArenaNet employees, following restructuring efforts. The studio will release its as-yet unnamed debut title in 2020, and it mooted to [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Niantic shuts down Field Trip; Growth slows on Twitch; Respawn forces cheaters to fight each other. Niantic shuts down Field Trip Niantic has announced that it will be shutting down its first mobile app, Field Trip, later this year. The location-based tour guide app was released in 2012, when the developer was in its former guise as Niantic Labs, an internal subsidiary of Google. While it is not unusual [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Games make up almost 75% of global mobile spend in H1 2019; League of Legends is most viewed game on Twitch; Pokémon GO grosses USD$2.65bn (£2.12bn) in its first three years. Games make up almost 75% of global mobile spend in H1 2019 Worldwide mobile game revenue made up almost 75% of all spend on App Store and Google Play in the first half of the year, despite only [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: global gaming market set to generate USD$152.1bn (£121.3bn) in 2019; Bernie Sanders endorses game industry unionisation; and Twitch acquires social networking platform Bebo. Global gaming market set to generate USD$152.1bn (£121.3bn) in 2019 The global gaming market is set to generate USD$152.1bn (£121.3bn) in revenue through 2019, an increase of 9.6% on last year, according to a study from analytics and market research company Newzoo. The US is also set [...]

Gaming giant Epic has removed a player-created scene from the Fortnite gameplay map after the game’s fans reported that it depicted seriously problematic content. TheGamingEconomy will offer a brief warning here; this article will necessarily make very occasional and passing references to suicide. Back in 2018, Epic revealed that an area of the Fortnite map would be given over to a region called The Block. The idea is that Epic uses The Block to showcase some of the best player-made Fortnite environments, rotating [...]

Google has made its move on gaming with the announcement of streaming platform Stadia.  The news came on the second day of the Game Developers Conference in San Francisco; and it surely stands as one of the most significant gaming reveals in the industry’s history. Such a major player moving in with such an ambitious platform could radically impact the broad ecosystem of the industry, the makeup of audiences playing games, and the way the medium is consumed and designed. However, Stadia’s [...]