TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sony launches immersive music division; Ubisoft partners with Lucasfilm on Star Wars title; and Tilting Point to invest USD$10m (£7.3m) in Storytaco’s Dangerous Fellows. Sony launches immersive music division Japanese technology conglomerate Sony has announced the launch of a new subsidiary during CES 2021, Sony Immersive Music Studios, focusing on developing experiences at the intersection of music, immersive entertainment, and video gaming. The debut demonstration of the initiative [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EG7 to acquire Piranha Games; AppsFlyer extends Series D to USD$225m+; and Keywords Studios boosts marketing capabilities with g-Net Media purchase. EG7 to acquire Piranha Games Stockholm-based video games holding group Enad Global 7 AB (EG7) has announced that it has signed an agreement to acquire Canadian PC and console developer Piranha Games for an initial consideration of CAD$31.4 (£18.0m), of which CAD$20.9m (£12.0m) is in cash and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group in 13-strong acquisition spree; Queens Gaming Collective raises USD$1.5m (£1.1m); and AudioMob secures USD$1.5m (£1.1m). Embracer Group in 13-strong acquisition spree Video games holding company Embracer Group has greeted the start of this November morning with somewhat of a mother lode of M&A announcements, with the Karlstad-based group revealing that it has acquired 13 separate companies from across the globe. The initial considerations total approximately SEK2bn [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires SuperAwesome; Build a Rocket Boy raises £32m; Krafton merges PUBG Corp. ahead of 2021 IPO. Epic Games acquires SuperAwesome Epic Games has announced the acquisition of London-based kidtech provider SuperAwesome for an undisclosed sum. The Kids Web Services (KWS) platform built by SuperAwesome is used by developers to incorporate child-friendly services into their digital products, for example GDPR- and age-appropriate advertising. SuperAwesome counts brands such [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group acquires Vertigo Games; Zwift raises USD$450m (£349m); and Wisdom Gaming Group secures USD$3m (£2.3m). Embracer Group acquires Vertigo Games Embracer Group AB has announced that its wholly-owned subsidiary Koch Media GmbH is set to acquire Rotterdam-based VR developer-publisher Vertigo Games for an initial consideration of €50m (£46m), consisting of €40m (£37m) in cash and €10m (£9.2m) in newly issued Class B share capital. A maximum additional [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games raises USD$1.78bn (£1.35bn); Trump signs executive order against Tencent; and Enthusiast Gaming acquires Omnia Media. Epic Games raises USD$1.78bn (£1.35bn) Epic Games has announced that it has raised USD$1.78bn (£1.35bn) of primary capital and secondary purchases from a host of investors, including Baillie Gifford; BlackRock; Lightspeed Venture Partners; T. Rowe Price Associates; and returning partners KKR and Smash Ventures. The North Carolina-based firm has confirmed that [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: AppLovin acquires Machine Zone; BLAST Premier raises €12.5m (£11.1m); and Sumo Group purchases Lab42. AppLovin acquires Machine Zone Mobile games company AppLovin has announced that it has acquired development studio Machine Zone for an undisclosed sum. The purchased developer is best known for its Game of War: Fire Age, and Mobile Strike titles, which have both grossed well in excess of USD$1bn (£819m) in lifetime revenue according to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Samsung Ventures ups DigiLens investment; Nintendo to boost Switch production; and Unruly partners with Ampverse for esports video investment programme. Samsung Ventures ups DigiLens investment Samsung Venture Investment Corporation has announced that it has increased its investment in extended reality (XR) hardware manufacturer DigiLens through the issuance of convertible bonds. DigiLens specialises in the production of its waveguide display components, which purportedly can be produced at a significantly [...]

In this special exclusive contributed piece, Dimoso CEO Jacki Vause considers the fine art of publishing mobile games to China. Vause is a widely respected veteran of the tech, mobile and PR space, has been named one of PCR’s Top-30 Women in Mobile, and is an experienced entrepreneur and founder. — China should be considered by all mobile games developers who are looking to take their games global. Over the years I have represented many developers and publishers both from the East [...]

The classic video game arcade has almost become a trope for nostalgia. They appear across contemporary fiction as shorthand for a fondly remembered version of the 1970s and 1980s. The arcade’s ‘passing’ is often lamented in tandem with warm, fuzzy memories of growing up in those decades; even if that lamenting started while arcades were still active. Indeed, arcades are still active. Here in the UK there may be very little of any ‘arcade industry’ remaining, and that is true at many [...]