TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Digital drives 68.7% of EA’s Q3 net revenue; Zuckerberg still committed to AR and VR as ‘the holy grail of social experiences’; and Global Game Jam 2020 begins. Digital drives 68.7% of EA’s Q3 net revenue EA’s digital net revenue totalled USD$1.12bn (£854.7m) in the last full financial quarter, demonstrating the significance of the company’s considerable portfolio of live games to its commercial health. That figure accounts for 68.7% [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nintendo raises profit forecast to USD$2.75bn (£2.11bn); Microsoft gaming revenue down 21%; GameRefinery acquires Reflection.io; and Com2uS leads Skybound Entertainment funding round. Nintendo raises profit forecast to JP¥300bn (£2.11bn) Nintendo has released its consolidated financial results for the third quarter of the Japanese financial year 2019-2020, with the Kyoto-based giant raising its profit forecast from JP¥260bn (£1.83bn) to JP¥300bn (£2.11bn). For the nine months ending December 31st 2019, [...]

Writing for ExchangeWire, Niklas Bakos (pictured below), CEO and founder of Adverty, discusses how in-app and in-game advertising have changed from recent years, and how these changes are combining with pressures in web advertising to make these channels particularly enticing for brand advertisers. Advertisers, being advertisers, have tried to work their brands into online games and apps ever since there have been games and apps worth working their way into. But whereas in-game ads were once mostly technological experiments or clever [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: XR revenue to reach USD$14.9bn (£11.4bn) in 2023; Nintendo mobile games generate USD$1bn (£768m); and Disney to close Fogbank Entertainment. XR revenue to reach USD$14.9bn (£11.4bn) in 2023 The global XR market is projected to reach USD$14.9bn (£11.4bn) by 2023, according to estimates released by Nielsen’s SuperData division. Forty-five percent of this figure, USD$6.7bn (£5.1bn), can be attributed to sales of AR/MR hardware and consumer software, which would [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: 55% of UK dev jobs are outside of London and the South East; Atari to open gaming hotels; and USD$10m-plus (£7.68m-plus) contracts for top streamers departing Twitch 55% of UK dev jobs are outside of London and the South East UK games industry trade body Ukie and cultural charity the BFI have released a new report that reveals that 55% of game developers were based outside London and the [...]

In the first of this two-part interview series, TheGamingEconomy speaks with Yat Siu (pictured), founder and non-executive chairman of Animoca Brands, following its acquisition of nWay, Inc. in December 2019. In part one: integrating nWay, advertising partnerships, and upcoming developments in mobile gaming. How do you plan on leveraging the technology and expertise of nWay to enter the competitive gaming space? One of the things that nWay has really cracked is real-time multiplayer fighting games, which in mobile is not at all [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Activision Blizzard and Google sign partnership; Developers shift focus to next-gen consoles and VR; and LPL suspended indefinitely due to coronavirus. Activision Blizzard and Google sign partnership Activision Blizzard and Google have signed a multi-year strategic partnership which will see the latter becoming the developer-publisher’s preferred provider of game hosting infrastructure via its Google Cloud division. While unconfirmed, it is likely that Activision Blizzard development staff will work more [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Digital Bros moves to acquire Starbreeze; US game content generates USD$35.4bn (£27.0bn) in 2019; and Media and Games Invest acquires Verve assets. Digital Bros moves to acquire Starbreeze Milan-based entertainment firm Digital Bros has made a potential move to acquire Swedish developer Starbreeze, with the board authorising chairman Abramo Galante to purchase the assets in the Swedish publisher currently held by Korean developer publisher Smilegate Holdings, in a deal [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Disney sells FoxNext Games; Valve not planning release of Source 2 SDK; and Nintendo wins European Court ruling on digital refunds. Disney sells FoxNext Games Disney has sold FoxNext Games Los Angeles and Cold Iron Studios to mobile developer Scopely for an undisclosed sum, thought to be in the region of USD$250m (£191m). The San Francisco-based FoxNext Fogbank Entertainment studio was not included in the deal, and will likely [...]

Esports organisation Gen.G has partnered with cosmetics specialist Benefit to deliver a an initiative targeting female gamers that will include a series of beauty routine videos staring women popular as streamers and players. The ‘Game Face’ video series continues Gen.G’s apparent effort to recognise, serve and encourage female presence in the esports player-base, industry, community and audience. Not all females that devote time to gaming will find interest in beauty videos, of course, but the move seemingly demonstrates the significance of [...]