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 [...]
Facebook Enters Cloud Gaming Market; Esports Entertainment Group in Dual Acquisition
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Facebook enters cloud gaming market; Esports Entertainment Group in dual acquisition; and MY.GAMES revenue climbs by 33%. Facebook enters cloud gaming market Facebook has announced the launch of [...]
VSPN Raises USD$100m; Koei Tecmo Sales up 39.7%
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: VSPN raises USD$100m (£76.6m); Koei Tecmo sales up 39.7%; and Scopely acquires Genjoy. VSPN raises USD$100m (£76.6m) Shanghai-based esports solutions provider Versus Programming Network (VSPN) has announced that [...]
PlayStation 5 Launch Details Revealed; Bayes Holding Raises USD$6m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayStation 5 launch details revealed; Bayes raises USD$6m (£4.6m); and Keywords Studios acquires Heavy Iron Studios. PlayStation 5 launch details revealed Sony has announced that the PlayStation 5 [...]
GameStop Posts USD$111m Loss; Xbox Series X Launch Details Revealed
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameStop posts USD$111m (£85.6m) loss; Xbox Series X launch details revealed; and Grimorio of Games and JanduSoft secure USD$450,000 (£346,900). GameStop posts USD$111m (£85.6m) loss Video game retailer [...]
Odyssey Interactive Raises USD$6m; Nvidia Revenue up by 50%
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 [...]
Embracer Group Acquires 8 Studios; Tencent Gaming Revenue up 40%
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 [...]
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