TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: China to enforce age ID system from September; Veloce merges esports and racing divisions; and Microsoft rebrands Game Pass. China to enforce age ID system from September China has announced that its updated real-name identification system for games, ostensibly designed to limit both the time and money spent by children within games, will be implemented nationally from September onwards. As reported in the South China Morning Post, Central [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EA posts record quarterly results; Fnatic expands OnePlus partnership; and Mogul net operating cash flow falls by 35%. EA posts record quarterly results Electronic Arts (EA) has posted its results for the quarter ending June 30th, with revenue climbing by 21% year-over-year to a company-record USD$1.46bn (£1.12bn), despite only releasing two titles during the period, both of which were remasters of existing IP. The revenue growth was driven [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Riot Games terminates Neom partnership; Volograms raises €1.5m (£1.4m); and Konami enters PC hardware market. Riot Games terminates Neom partnership Riot Games has announced that it has terminated the partnership between its League of Legends European Championship (LEC) division and Saudi Arabian city building project Neom, just a day since the collaboration was agreed. The cancellation comes after staunch criticism of the deal over Saudi Arabia’s human rights [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Vindex raises USD$300m (£232m) and acquires GAME’s Belong; mobile app and game fraud falls 30%; and Polyarc raises USD$9m (£7m). Vindex raises USD$300m (£232m) and acquires GAME’s Belong New York-based esports startup Vindex has raised USD$300m (£232m) in funding from as-yet undisclosed sources, and will acquire UK retailer GAME‘s Belong Gaming network of gaming sites in a deal valued at approximately USD$50m (£39m). According to a report published [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huuuge Games acquires Double Star; EU IMCP recommends new loot box approach; and 2020 XR forecast revised to USD$6.9bn (£5.4bn). Huuuge Games acquires Double Star Szczecin, Poland-based developer-publisher Huuuge Games has announced the acquisition of Finnish indie studio Double Star for an undisclosed sum. Double Star, which previously collaborated with Huuuge Games on the release of casual mobile RPG Bow Land, will operate as a subsidiary studio out [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tim Sweeney accuses Apple and Google of monopolisation; Rabbit & Bear Studios formed; and Jeff Karp leaves Big Fish Games for EA. Tim Sweeney accuses Apple and Google of monopolisation Epic Games CEO Tim Sweeney has accused Apple and Google of monopolistic and anti-competitive practices on their respective mobile stores, in an interview published on CNBC. Sweeney’s arguments centre around the tech giants’ policies forbidding competing stores running [...]

Highlights – Total investment and M&A activity tracked by the TGE Index across the video games industry in April-June 2020 surpassed USD$10.5bn, representing an approximate 315% increase over the previous quarter. – Confidence in the market increased rapidly, with USD$5.7bn of activity recorded in June, compared to USD$4.8bn over April and May combined. – Precisely half of total activity was recorded in the Asia-Pacific (APAC) region, driven by prolific post-IPO investments and acquisitions of China-based companies. – Video game acquisitions are set to increase [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Live-streaming viewership climbs rapidly over Q2; LocalizeDirect raises SEK10.26m (£909,600); and ESL and Dreamhack enter partnership with Huya. Live-streaming viewership climbs rapidly over Q2 Hours spent watching content on livestreaming platforms have increased sharply over Q2 2020, with viewership climbing by 56% on Twitch and 75% on Facebook Gaming over the previous quarter, according to figures published by StreamElements in collaboration with Aresenal.gg. Over five billion hours were [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft posts strong results amid abuse allegations; Mobalytics raises USD$11.25m (£8.846m); and Microsoft gaming revenue climbs 64%. Ubisoft posts strong results amid abuse allegations French developer-publisher Ubisoft has reported an increase of 17.6% year-on-year in quarterly sales over Q1 FY 2020-2021 to €410m (£372m), significantly higher than the targeted €335m (£304m) as gaming continues to see a spike in player attention through the coronavirus pandemic. Indeed, the Montreuil-based [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Mission Control raises USD$1.75m (£1.38m); Riot Games centralises League of Legends esports; and Voltage Entertainment USA workers take strike action. Mission Control raises USD$1.75m (£1.38m) Recreational league esports platform Mission Control has announced that it has closed a USD$1.75m (£1.38m) seed funding round led by Dundee Venture Partners and supported by M25, Cultivation Capital, and MATH Venture Partners. The investment will be used by the St. Louis, Missouri-based [...]