TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft supporting Epic in Apple dispute; Corsair Gaming files for USD$100m (£76.4m) IPO; and Microsoft Flight Simulator to drive USD$2.6bn (£2.0bn) PC hardware spend. Microsoft supporting Epic in Apple dispute Microsoft has filed a 564 page document in support of Epic Games in its ongoing dispute against Apple over its policy of disallowing third-party payment systems within its App Store ecosystem. Specifically, Microsoft is arguing against the actions [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: March Capital launches USD$60m (£46m) gaming fund; Hiber raises USD$2.25m (£1.71m); and Lootcakes secures USD$2m (£1.5m). March Capital launches USD$60m (£46m) gaming fund March Capital Partners has announced the launch of a USD$60m (£46m) fund dedicated exclusively to video game companies. Operating out of Santa Monica, California, the new vehicle will provide cheques of between USD$500,000 (£380,430) and USD$3m (£2.3m) to approximately 12-15 gaming firms at seed or [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Odyssey Interactive raises USD$6m (£4.5m); Nvidia revenue up by 50%; and Kolibri Games opens Bucharest studio. Odyssey Interactive raises USD$6m (£4.5m) Nascent Canadian studio Odyssey Interactive has announced that it has raised USD$6m (£4.5m) in seed funding from Andreessen Horowitz, Golden Ventures, A16z Cultural Leadership Fund, and a host of angel investors including Kevin Lin (co-founder of Twitch) and Steve Chen (co-founder of YouTube). The investment will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Take-Two Interactive to acquire Playdots for USD$192m (£146m); RektGlobal buys Fearless Media; and first India-focused video games VC firm launches. Take-Two Interactive to acquire Playdots for USD$192m (£146m) Take-Two Interactive has announced that it is set to acquire mobile developer Playdots for USD$192m (£146m), comprising of USD$90m (£68m) in cash and USD$102m (£77m) in newly issued common stock shares. The acquired New York-based studio has released three titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple further retaliates against Epic Games; Tencent acquires minority stake in Voodoo; and Hour One raises USD$5m (£3.8m). Apple further retaliates against Epic Games Apple has threatened to remove Epic Games‘ access to its iOS and Mac development tools by Friday 28th August unless it removes its direct payment system within the Fortnite title, which bypasses its App Store platform. The dispute has already seen the popular game [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Wildlife Studios raises USD$120m (£91.7m); dMY Technology Group II SPAC in USD$240m (£183m) IPO; and PUBG Corporation invests USD$10m (£7.6m) in 1Up Ventures. Wildlife Studios raises USD$120m (£91.7m) Brazilian mobile game developer-publisher Wildlife Studios has announced that it has raised USD$120m (£91.7m) in Series B funding led by Vulcan Capital, with a supporting contribution from Human Capital. The round values the Sao Paulo-based firm at USD$3bn (£2.3bn), and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Fortnite removed from App Store and Google Play – Epic Games to sue; ESE Entertainment raises over CAD$2.25m; and NetEase revenue up 25.9%. Fortnite removed from App Store and Google Play – Epic Games to sue Fortnite has been removed from both the Apple App Store and Google Play following an update which allowed players to purchase in-game currency directly from Epic Games, circumventing the mobile platforms’ purchasing [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group acquires eight studios; Tencent gaming revenue up 40%; and Stillfront Group EBITDA climbs 159%. Embracer Group acquires eight studios Karlstad-based video games holding company Embracer Group AB has announced that it has acquired eight separate firms encompassing developers, game service companies, and distributors, for a combined £61.67m. In summary, the acquisitions comprise of: – Maltese independent PC and console developer 4A Games Limited, acquired in full by [...]

Following company-record earnings for the second quarter, along with the USD$168m (£128m) acquisition of hyper-casual studio Rollic, Bernard Kim, President of Publishing at Zynga, speaks with TheGamingEconomy to discuss how the San Fransisco-based firm will maintain its growth over the course of the upcoming months. With daily active users returning to levels last seen in Q1, how does Zynga plan on retaining the momentum in player engagement seen throughout the height of the Covid-19 pandemic? As our results showed, we had the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Daybreak Games acquires Cold Iron Studios; EA investors vote against executive pay plan; and Testronic acquires Whyttest. Daybreak Games acquires Cold Iron Studios Multiplayer developer-publisher Daybreak Games has announced that it has acquired Cold Iron Studios for an undisclosed sum. Cold Iron Studios was previously sold to mobile developer Scopely in January this year by Disney as part of the FoxNext Games marque, though Scopely executives confirmed shortly [...]