TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Curve Digital acquires IronOak Games; Accelerate Games founded; and Sugar raises £1.5m for game studio financing. Curve Digital acquires IronOak Games London-based indie publisher Curve Digital has announced that it has acquired Canadian studio IronOak Games for an undisclosed sum. The acquired developer, operating out of Vancouver, is best-known for its 2018 title For the King which was published by Curve across PC and console platforms. IronOak Games [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Corsair bolsters streaming portfolio with EpocCam acquisition; WinZO raises USD$2m (£1.5m); and Scottish game industry employment up 17%. Corsair bolsters streaming portfolio with EpocCam acquisition Video game hardware company Corsair Gaming Inc. has announced that it has acquired mobile streaming software application EpocCam from Finland-based Kinoni for an undisclosed sum. The acquired product is listed on the Apple App Store and allows users to covert their iPhone or [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Activision Blizzard revenue surges by 52%; Stillfront Group acquires Everguild; and Gfinity exploring acquisitions or sale. Activision Blizzard revenue surges by 52% Activision Blizzard has released its financial results for the third quarter of 2020, disclosing a surge in revenue to USD$1.954bn (£1.507bn), which represents a year-over-year increase of 52.4%. Net income for the Santa Monica-based developer-publisher increase more rapidly still, up 196% to USD$604m (£466m). The uplift [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Scopely secures USD$340m (£262m) Series E funding; Shotcall raises USD$2.2m (£1.7m); and EA fined up to €5m (£4.5m) over loot boxes. Scopely secures USD$340m (£262m) Series E funding Los Angeles-based mobile gaming company Scopely has announced that it has secured USD$340m (£262m) in Series E funding at a suggested post-money valuation of USD$3.3bn, with the funding set to be used to support inorganic growth through acquisitions as well [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft gaming revenue up 22%; Sony sees strong digital growth; and CD Projekt Red delays Cyberpunk 2077 for third time. Microsoft gaming revenue up 22% Microsoft has released its financial results for the first quarter (ended 30th September) of its 2020-2021 financial year, revealing that revenue attributed to its gaming segment climbed by USD$550m (£422m), representing a growth of 22% year-over-year to approximately USD$3.1bn (£2.4bn). Despite being the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Facebook enters cloud gaming market; Esports Entertainment Group in dual acquisition; and MY.GAMES revenue climbs by 33%. Facebook enters cloud gaming market Facebook has announced the launch of cloud gaming capabilities across its Facebook Gaming platform and web browsers, joining other big tech giants Google (Stadia) and Amazon (Luna) in launching similar products. While other platforms have primarily catered towards PC and console titles, Facebook is initially prioritising [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: VSPN raises USD$100m (£76.6m); Koei Tecmo sales up 39.7%; and Scopely acquires Genjoy. VSPN raises USD$100m (£76.6m) Shanghai-based esports solutions provider Versus Programming Network (VSPN) has announced that it has closed a USD$100m (£76.6m) Series B round, which will be used to support the expansion of its ecosystem outside of the Chinese market as well as the development of its products, most notably its first-party short-form video platform. [...]

The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ragnarok accuses Bethesda and ZeniMax of complicity in allegedly sabotaging Rune 2; streaming network Venn raises $26m in series A funding; and Ghost Gaming is set to move to Atlanta after being acquired by a group of investors.   ZeniMax, Bethesda, and Roundhouse brought into Rune 2 lawsuit   Ragnarok, the publisher behind Rune 2, has accused ZeniMax Media, Bethesda Softworks, and Roundhouse Studios of deliberately sabotaging the [...]

The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayFab introduces a new pay-as-you-go option to make its services more accessible; NBA 2K21 makes the controversial decision to insert non-skippable ads into its game’s loading screen; and Frost Giant Entertainment raises $4.7m to realise its RTS ambitions.   Microsoft’s PlayFab introduces pay-as-you-go option   PlayFab, Microsoft’s games developer division, has announced that it will introduce a pay-as-you-go plan for customers to use its services. The move follows [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: TIGA reports that 2019-2020 has seen the fastest growth for the UK games industry; Esports Guild signs its first major sponsorship since its IPO; and PopReach wins investment from eWTP’s New Insight Incentive Company.   UK games industry growth at fastest ever, finds TIGA   Research from TIGA, the trade association that represents the video games industry, has found that the year 2019-2020 has seen the fastest growth for the [...]