TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Netmarble releases 2019 financial results; Atomico and Founders Fund announce new capital; and Kwalee pays out over £1m in employee profit share scheme. Netmarble releases 2019 financial results Netmarble has announced its financial results for Q4 and full-year 2019, with sales through the quarter rising by 13.3% year-on-year to ₩551.8bn (£357.0m), with operating profit also climbing by 32.1% y-o-y to ₩50.2bn (£32.4m). While ostensibly painting a rosy picture [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Flowstate Games closes pre-seed funding round; HQ Trivia folds; Sonic the Hedgehog breaks video game box office record; and Tematem raises USD$3.5m (£2.7m). Flowstate Games closes pre-seed funding round Helsinki-based mobile development studio Flowstate Games has secured an undisclosed level of funding in a pre-seed investment round led by Play Ventures. Flowstate is due to release its first casual arcade title this year, with the studio focusing on [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tim Sweeney warns against “customer adversarial” practices, Double Loop Games raises USD$2.5m (£1.9m), and Bit Fry Game Studios raises USD$3.5m (£2.7m). Tim Sweeney warns against “customer adversarial” practices Epic Games CEO and co-founder Tim Sweeney has warned the gaming industry against the use of the “customer adversarial model” in gaming as part of a wide-ranging keynote speech at the DICE summit, sharply criticising the use of loot boxes [...]