VR

• Valve to Launch VR Half-Life Title; Skydance Media to Form New Studio

  1 day ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Valve to launch VR Half-Life title; Skydance Media to form new studio; and PC & Mobile gaming revenue to pass USD$8.3bn (£6.4bn) in Greater Southeast Asia. Valve to launch VR Half-Life title Valve has announced that it is revealing its new VR title, Half-Life: Alyx, on Thursday 21st November at 10am PT. The move is significant given the popularity of the Half-Life franchise, with the first title in [...]

• Tencent Gaming Revenue Increases; Bethesda Absorbs Human Head Studios

  6 days ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gaming revenue increases; Bethesda absorbs Human Head Studios; and John Carmack to step down as Oculus CTO. Tencent gaming revenue increases Tencent has released its financial results for the third quarter of 2019, with total revenue increasing by 21% year-on-year and 9% quarter-on-quarter to reach CN¥97.24bn (£10.78bn). A strong performance from the company’s smartphone gaming division, including the release of Call of Duty Mobile, has been cited [...]

---

• 10 Billion Mixed Reality App Installs Predicted by 2024; MR Ad Spend to Hit USD$11bn (£8.54bn)

  1 week ago News

  

  ‘Mixed reality’ content will see 10 billion app installs by 2024, up from 3 billion in 2019, says a new report. The prediction comes from research and analytics outfit Juniper Research, which has published the results of a new study titled ‘Consumer Mixed Reality: Emerging Opportunities, Vendor Strategies & Market Forecasts 2019-2024’. ‘Mixed reality’ – or ‘MR’- is a term defined slightly different in different places; particularly since it’s deployment as marketing jargon when hype around virtual reality spiked in the wake [...]

• Google Open-Sources Cardboard VR Software

  2 weeks ago News

  

  Google has made the software for its Cardborad VR system open-source, with a view to letting third-party developers continue to support the platform and existing apps. The announcement came via a Google blog post, and is as much and end-point as it is an attempt to breath some more life into the tech giant’s VR ecosystem. Google had already dropped it’s Daydream VR mobile virtual reality system, and is no longer actively working on the VR SDK development toolset that powers [...]

• Apple and Valve Rumoured to be Partnering on AR Headset

  2 weeks ago News

  

  Apple is rumoured to be working with game outfit Valve on an augmented reality headset that may be due for release next year. Citing industry sources, DigiTimes points to late 2020 as the earliest reasonable debut for unnamed headset, and identifies Taiwan’s original design manufacturing specialists Quanta Computer and Pegatron as handling the manufacturing. While the news firmly falls under ‘rumour’, there are a number of reasons the suggestion is both compelling and fascinating. Valve is the respected and often beloved video game [...]

• VRChat Raises USD$10m (£8.13m); AppLovin Invests in Belka Games

  2 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: VRChat raises USD$10m (£8.13m) in Series C funding; AppLovin invests in Belka Games; and unionised Nexon staff rally against project cancellations and restructuring. VRChat raises USD$10m (£8.13m) in Series C funding VRChat, a virtual reality social platform, has closed a Series C funding round worth USD$10m (£8.13m), with the funds to be used in expanding the platform and for recruitment purposes. Existing investors HTC, Brightstone VC and GFR [...]

• Final Oculus VR founder leaves company; Stillfront Group net revenue increases by 46%

  3 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: Final Oculus VR founder leaves company; Stillfront Group net revenue increases by 46%; and Echo Fox expelled from LCS. Final Oculus VR founder leaves company Nate Mitchell, the final founding member remaining at Oculus VR, has left the company. Five out of six of the firm’s co-founders have now left since Oculus was acquired by Facebook for USD$2bn (£1.66bn) in 2014. The sixth, Andrew Reisse, was tragically killed in [...]