TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: CD Projekt under consumer protection scrutiny; Publicis launches dedicated gaming offering; and Venatus hires seven amid 38% growth. CD Projekt under consumer protection scrutiny CD Projekt has fallen under the scrutiny of the Polish Office of Competition and Consumer Protection (UOKiK) over the poor technical performance of its recently-released flagship title Cyberpunk 2077 on PlayStation 4 and Xbox One consoles. As outlined by UOKiK press officer Małgorzata Cieloch [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Rad Game Tools; Tapjoy reaches settlement with the FTC; and Juked closes crowdfunding campaign at USD$1.07m (£788,000). Epic Games acquires Rad Game Tools Epic Games has announced that it has acquired Rad Game Tools, a software development operating out of Kirkland, Washington, for an undisclosed sum. Executives have confirmed that RAD’s technology is set to be integrated within Epic’s Unreal Engine, while the acquiree will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox raises USD$520m (£382m) ahead of direct listing; SuperData forecasts 2% growth for 2021; and Trump administration mulling Tencent investment ban. Roblox raises USD$520m (£382m) ahead of direct listing Online gaming platform developer Roblox Corporation has announced that it has raised USD$520m (£382m) in a Series H funding round led by US investment firms Altimeter Capital and Dragonner Investment Group, with additional support from the Investment Group of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Niantic acquires Mayhem; Westbridge sells INR₹5bn (£50.2m) stake in Nazara Technologies; and Frogwares’ The Sinking City returns to stores amid legal dispute with Nacon. Niantic acquires Mayhem Augmented reality (AR) studio Niantic has announced the acquisition of video game community platform Mayhem, a fellow San Fransisco-based firm, for an undisclosed sum. According to statements released by the two firms, the “majority” of staff at the acquired firm will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nintendo to acquire Next Level Games; Google workers to unionise; and SuperGen Group to build CN¥10bn (£1.1bn) esports centre. Nintendo to acquire Next Level Games Nintendo has announced that it will acquire 100% of the outstanding shares in Vancouver-based studio Next Level Games for an undisclosed sum. The acquired firm, which has previously collaborated with Nintendo on a number of titles including Super Mario Strikers and Luigi’s Mansion: [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gaijin Entertainment allegedly funding DPR militants; Asetek in IP deal with Granite Devices; and Microsoft calls for arbitration in Xbox drifting lawsuit. Gaijin Entertainment allegedly funding DPR militants Gaijin Entertainment, best known for its MMO shooter titles War Thunder, Crossout, and Star Conflict, has allegedly been actively supporting the self-styled Donetsk People’s Republic (DPR) dissident group in the disputed Ukrainian province of Donechyna. According to a report initially [...]

As we move into 2021 with high hopes for a more healthy year globally, TheGamingEconomy summarises the most significant video game business news stories from the past two weeks. In this digest: Moon Active acquires Melsoft; Liftoff receives USD$400m (£294m) Blackstone investment; Stillfront Group in dual Sandbox and Super Free Games acquisition; Nordisk Games secures 40% share in MercurySteam; Koei Tecmo in 65,000 account breach; and CMGE denies Bytedance stake interest. Moon Active acquires Melsoft Tel Aviv-based mobile studio Moon Active has [...]

In the second of TheGamingEconomy’s 2021 Predictions series, we take a look at some of the key statistics from the TGE Index on venture investment in gaming, and hear from Justin Keeling, General Partner of recently-launched Lumikai Fund, on what next year will bring for VC investment in gaming. VC Investment: April-December 2020 Many in the video games industry have believed for some time that the sector is under-explored by venture capital and private equity investors, heightening the tenacious and competitive environment [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Discord raises USD$100m (£74.7m); Unity partners with Snap; and Rec Room secures USD$20m (£15m). Discord raises USD$100m (£74.7m) Gaming-centric voice chat app Discord has announced that it has raised USD$100m (£74.7m) in Series H funding at a valuation of USD$7bn (£5.2bn). The tranche was led by Greenoaks Capital and supported by Index Ventures, and there is potential for the round to be extended by a further USD$40m (£29m) [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Keywords Studios in dual acquisition; Embracer Group secures new M&A warchest; and esports to be medalled event at 2022 Asian Games. Keywords Studios in dual acquisition Following on from yesterday’s purchase of High Voltage Software, Keywords Studios has announced the dual acquisition of video game PR agency Indigo Pearl and Italian recording studio Jinglebell for a total outlay of up to £3.63m. London-based Indigo Pearl has previously worked with [...]