TGE Index Investment Report - Q4 & Year-End 2020
2020 highlights - Total investment and M&A activity across the video games industry tracked by the TGE Index through April-December 2020 reached USD$37.890bn from 406 disclosed transactions (501 total). Adding averaged publicly-available data for Q1 gives a full-year approximation of USD$40.572bn [...]
MTG Increases Innogames Investment; Wizard Games Secures 9-Figure Tencent Funding
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: MTG increases Innogames investment; Wizard Games secures nine-figure Tencent funding; and Quell raises USD$3m (£2.2m) for gamified home fitness. MTG increases Innogames investment Modern Times Group (MTG) has [...]
Microsoft Acquires Smash.gg; GreenPark Sports Secures USD$14m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft acquires Smash.gg; GreenPark Sports secures USD$14m (£10m); and VisiSonics raises USD$3.5m (£2.6m) for 3D sound technology. Microsoft acquires Smash.gg Microsoft has acquired esports tournament organisation platform Smash.gg [...]
Riot Games Terminates Neom Partnership; Volograms Raises €1.5m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Riot Games terminates Neom partnership; Volograms raises €1.5m (£1.4m); and Konami enters PC hardware market. Riot Games terminates Neom partnership Riot Games has announced that it has terminated [...]
Huuuge Games Acquires Double Star; EU IMCP Recommends New Loot Box Approach
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huuuge Games acquires Double Star; EU IMCP recommends new loot box approach; and 2020 XR forecast revised to USD$6.9bn (£5.4bn). Huuuge Games acquires Double Star Szczecin, Poland-based developer-publisher [...]
Paradox Interactive Acquires Iceflake Studios; Sea Monster Raises USD$1m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Paradox Interactive acquires Iceflake Studios; Sea Monster raises USD$1m (£796,000); and Partner TV launches cloud gaming service with Blacknut. Paradox Interactive acquires Iceflake Studios Stockholm-based developer-publisher Paradox Interactive [...]
Microsoft Contemplating WBIE Acquisition; Pokémon GO Surpasses USD$3.6bn in Revenue
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft contemplating WBIE acquisition; Pokémon GO surpasses USD$3.6bn (£2.9bn) in revenue; and Dignitas partners with ExpressVPN. Microsoft contemplating WBIE acquisition Microsoft executives are contemplating the purchase of Warner [...]
Magic Leap Raises USD$350m; McLaren Racing Partners with Veloce Esports
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Magic Leap raises USD$350m (£286m); McLaren Racing partners with Veloce Esports; and MyGamez closes funding round. Magic Leap raises USD$350m (£286m) Magic Leap has raised USD$350m (£286m) from [...]
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