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  • ESRB Introduces Loot Box Labelling; Kumu Raises USD$5m

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESRB introduces loot box labelling; Kumu raises USD$5m (£4m); and Mighty Jaxx raises SGD$4.5m (£2.5m). ESRB introduces loot box labelling The Entertainment Software Rating Board (ESRB) has introduced [...]

  • Embracer Group Raises SEK1.65bn; N3TWORK Opens USD$50m Dev Growth Fund

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group raises SEK1.65bn (£133m); N3TWORK opens USD$50m (£40m) developer growth fund; and Quest Ventures raises USD$50m (£40m) VC fund. Embracer Group raises SEK1.65bn (£133m) Embracer Group AB [...]

  • Using AI to Improve Game Development: Q&A with Yuheng Chen, rct studio

    In this exclusive interview, TheGamingEconomy speaks to Yuheng Chen, COO of rct studio, to discuss the development of their AI-driven solutions and first-party titles, following a successful Series A funding round of USD$10m (£8.1m) led by Makers Fund. How will the [...]

  • Subspace Raises USD$26m; Apple Eyeing NextVR Acquisition

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Subspace raises USD$26m (£21m); Apple eyeing NextVR acquisition; and Tencent becomes majority Huya shareholder. Subspace raises USD$26m (£21m) Internet traffic management organisation Subspace has launched publicly and has [...]

  • Lightheart Entertainment Raises €1.3m; Demiurge Regains Independence

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Lightheart Entertainment raises €1.3m (£1.1m); Demiurge regains independence; and Tin Giant sues Atari. Lightheart Entertainment raises €1.3m (£1.1m) Lightheart Entertainment has raised seed funding of €1.3m (£1.1m) from [...]

  • Cloud Imperium Raises USD$17.25m; €1m Investment in Anybrain

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Cloud Imperium raises USD$17.25m (£13.91m); €1m (£892,000) investment in Anybrain; and Koch Media & Kalypso Media expand publishing partnership. Cloud Imperium raises USD$17.25m (£13.91m) Cloud Imperium Games has [...]

  • GameStop Surpasses Earnings Expectations; ASOdesk Raises USD$1m

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameStop surpasses earnings expectations; ASOdesk raises USD$1m (£833,000); and Tribe Gaming raises USD$1m (£833,000). GameStop surpasses earnings expectations Video games retailer GameStop has published its financial results for [...]

  • Razer Revenue Reaches USD$821m; Fritz AI Raises USD$5m

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Razer revenue reaches USD$821m (£694m); Fritz AI raises USD$5m (£4.2m); and estimated MTG esports revenue down 35%-45%. Razer revenue reaches USD$821m (£694m) Gaming technology firm Razer has announced [...]

  • Microsoft Bullish on Xbox Supply Chain; Tencent Replaces DouYu and Huya Directors

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft bullish on Xbox supply chain; Tencent replaces DouYu and Huya directors; and Big Run Studios raises USD$1.4m (£1.2m) from Galaxy Interactive. Microsoft bullish on Xbox supply [...]

  • Cloud Gaming to Reach USD$56.57bn by 2027; DreamCraft Raises USD$3m

    TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Cloud gaming to reach USD$56.57bn (£48.80bn) by 2027; DreamCraft raises USD$3m (£2.6m); and Google Stadia partners with Unity. Cloud gaming to reach USD$56.57bn by 2027 The global cloud [...]