TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Activision Blizzard posts record Q2 results; Keywords Studios expects 13% revenue gain; and Ubisoft partners with Anzu.io. Activision Blizzard posts record Q2 results Activision Blizzard has joined fellow industry behemoths Electronic Arts (EA) and Take-Two Interactive in announcing company-record revenues for the previous financial quarter. GAAP net revenues surpassed the previously forecast USD$1.69bn (£1.29bn), climbing by 38.4% year-over-year to USD$1.932bn (£1.479bn), driven by a 45.9% boost to digital [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Activision Blizzard shareholders file CEO pay complaint; Cloud9 partners with Guinevere Capital; and NetEase establishes first console studio. Activision Blizzard shareholders file CEO pay complaint Voting advisory bodies Institutional Shareholder Services (ISS) and Glass Lewis & Co., backed by activist shareholder CtW Investment Group, have filed a document with the Securities and Exchange Commission (SEC) recommending that Activision Blizzard stakeholders vote against an upcoming proposal to remunerate long-standing [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Dazzle Rocks raises USD$6.8m (£5.5m); MTX driving EA and Activision Blizzard bookings; and THQ Nordic and Koch Media swap IPs. Dazzle Rocks raises USD$6.8m (£5.5m) Mobile developer Dazzle Rocks has announced that it has closed a Series A funding round worth USD$6.8m (£5.5m), which will be used to support the launch of its cooperative sandbox MMO title, due to enter open beta in Western markets in the coming [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nvidia revenue climbs 41%; Sony wrestling with PlayStation 5 price-setting; and Google Activision Blizzard deal valued at USD$160m (£123m). Nvidia revenue climbs 41% Nvidia has published its financial results for the forth quarter and fiscal year 2020, with quarterly revenue rising by 41% year-on-year to reach USD$3.11bn (£2.39bn), with operating income for Q4 climbing by 237% to USD$990m (£761m). The increase has been attributed to strong adoption of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Activision Blizzard withdraws titles from GeForce NOW; Supercell revenue climbs 2%; and DKB bank to offer esports scholarships. Activision Blizzard withdraws titles from GeForce NOW Activision Blizzard has withdrawn its titles from the Nvidia GeForce NOW cloud gaming platform, just a week after the service launched fully. At the time of publication, neither company has cited a reason for the request, which has seen the removal of titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: COD and King see Activision Blizzard exceed projected revenues; Ubisoft revenues trump revised forecasts, despite year-on-year drop; and Take-Two GAAP revenue down USD$300m YOY for it’s closing 2019 quarter. COD and King see Activision Blizzard exceed projected revenues Both Call of Duty and King’s suite of mobile games have seen Activision Blizzard’s revenues for the recent financial quarter close higher than expected, after the gaming giant previously lowered [...]

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 Daily Digest brings you the trending business stories in gaming. In today’s edition: Facebook acquires cloud gaming outfit PlayGiga; Bidstack secures £10m Agency Trade Deal; and Call of Duty: Modern Warfare clears USD$1bn (£776.4m) in sales Facebook acquires cloud gaming outfit PlayGiga Social networking giant Facebook has acquired Madrid-based cloud gaming company PlayGiga. As reported by CNBC, the move furthers Facebook’s increasing presence in the gaming space, following the news that it picked up VR studio Beat Games last month. Equally, with [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Call of Duty Mobile generates USD$87m (£66m); Ragnarok sues Human Head; Microsoft working on low-cost disc-less Scarlett console; Microsoft shareholders reject publication of gender pay gap report. Call of Duty Mobile generates USD$87m (£66m) Call of Duty Mobile has generated USD$87m (£66m) from 172 million downloads since its release on 1st October, according to estimates from Sensor Tower Store Intelligence. The data suggests that demand for the title, [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Sony appoints Hermen Hulst as head of Worldwide Studios; Activision Blizzard revenue falls 15%; and Valve seemingly working on cloud gaming service. Sony appoints Hermen Hulst as head of Worldwide Studios Sony Interactive Entertainment (SIE) has appointed Hermen Hulst as head of Worldwide Studios (WWS), effective immediately. Hulst, who co-founded the successful Guerrilla studio that sold to Sony in 2005, will now oversee the 14 studios which comprise [...]