TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bombay Play raises USD$1m (£744,000); Appyfurious receives My.Games funding; and Activision Blizzard sues Netflix for alleged executive poaching. Bombay Play raises USD$1m (£744,000) Mobile social game developer Bombay Play has announced that it has secured USD$1m (£744,000) in a seed round financed wholly by video game-dedicated venture capital fund Lumikai. The Mumbai-based startup is set to use the funding for future title development and to support its existing [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group prepares for SEK750m (£65.6m) IPO; Zynga opens new Texas studio; and LILA Games raises USD$2.8m (£2.1m). Thunderful Group prepares for SEK750m (£65.6m) IPO Following on from the news earlier in the week that it has acquired Station Interactive, Swedish developer-publisher Thunderful Group has applied to list publicly on the Nasdaq First North Premier Growth Market. The initial public offering (IPO) will consist of both [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PUBG Corp. to invest USD$100m (£75.5m) in India; Corsair acquires Gamer Sensei; and Hector Rodriguez re-acquires OpTic Gaming. PUBG Corp. to invest USD$100m (£75.5m) in India PUBG Corporation has announced that its PUBG Mobile title is set to return to the lucrative Indian market, two months after it terminated the publishing contract brokered with Shenzhen-based conglomerate Tencent Holdings following a swathe of app bans imposed by the national [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft reveals Xbox Series S; PUBG Corp. axes Tencent India publishing contract; and WinZo raises USD$18m (£14m). Microsoft reveals Xbox Series S Microsoft has officially unveiled its next-generation Xbox Series S console in an announcement on Twitter, following an earlier leak published on Thurrot. As has been rumoured, the new device is positioned as a more affordable alternative to the Xbox Series X, at the trade-off of lower [...]

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: Nazara buys majority stake in Paper Boat Apps; tinyBuild acqui-hires Hello Neighbor team; and Carbonated raises USD$8.5m (£6.8m). Nazara buys majority stake in Paper Boat Apps Mobile games company Nazara Technologies has completed the purchase of a 51% stake in educational game developer Paper Boat Apps, best known for its Kiddopia title, for a total consideration of INR₹830m (£8.80m). Nazara completed the purchase of its fellow Mumbai-based developer [...]

Social Networking giant Facebook saw its mobile app downloaded more times than those of any other publisher globally in the closing months of 2018, according to a new report. The Facebook app was downloaded 800 million times through October to December last year, putting it a significant way ahead of the next best performing publisher, Google, which counted over 650 million downloads through the period. The numbers come from insights by enterprise-level data outfit Sensor Tower, which looked at downloads across both [...]

Users’ behaviour and gameplay must be considered so that ads do not get pushed to the wrong group of gamers, leading to bad user experience and a waste of inventory. In a Q&A with ExchangeWire, Nazara Games CEO, Manish Agarwal, discusses the challenges he faces in supporting the Indian ad market and stresses the need for brands to produce creatives that do not interfere with gameplay experience. And he should know, considering Nazara has more than six million monthly active [...]