TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bublar Group to acquire Goodbye Kansas; Xbox Game Pass reaches 10 million subscribers; and majority of genres seeing player increases. Bublar Group to acquire Goodbye Kansas Swedish XR technology and visualisation firm Bublar Group AB has reached an agreement to acquire visual effects services company Goodbye Kansas for approximately SEK56m (£4.6m) through the direct issuance of 16.4 million shares at a fixed purchase price. The announcement notes that [...]

Companies within the video game ecosystem have begun to share their consolidated financial results for the quarters ending March 31st and April 30th 2020, with many noting the initial effect of the Covid-19 coronavirus pandemic on their bottom line. Here, you can find a summary of each company’s performance throughout the quarter, along with links to full financial reports where available. Last updated: 22nd May. This article will be updated periodically to reflect new releases. To list your company’s financial [...]

[LATEST UPDATE: 3rd April] As the COVID-19 novel coronavirus continues its spread and has hit pandemic level, there has been a growing impact on the game industry. The game sector’s problems, of course, are trivial compared to the millions impacted and the potential danger to millions more across the world.  However, the earlier Taipei Game Show and Mobile World Congress were previously cancelled amidst concerns around the virus, the potential arrival of the next-generation consoles may – or may not – [...]

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 chain Microsoft CEO Satya Nadella has responded to concerns over Xbox Series X hardware manufacturing due to the ongoing outbreak of the Covid-19 strain of coronavirus, telling CNBC’s Jon Fortt, “On the supply side we are getting back on rails.” However, [...]

[LAST UPDATE: 28th February, 2020] The time of year has come when myriad gaming companies and other tech outfits are releasing their new financial reports, with the conventional Q4 financial quarter drawing to a close on the final day of 2019. The likes of Sony, Microsoft, Nintendo, Zynga, DeNA, EA, Capcom and many others are now releasing numerous and detailed insights into their relative successes and failures both over the past quarter – and in some cases for 2019 in its entirety. As [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft recruiting for AAA VR title; current-gen console sales declining at faster rate; and ByteDance appoints head of gaming. Ubisoft recruiting for AAA VR title Ubisoft Blue Byte GmbH is hiring for a series of roles to work on a AAA VR project, which will be based upon one of the publisher’s “greatest IPs”. While Ubisoft Blue Byte is best known for developing titles based on the Anno [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft focusing on subscribers over consoles; UK VGTR spend hits £582.6m; and ironSource opens mobile game studio. Microsoft focusing on subscribers over consoles Microsoft is focusing less on its hardware devices and is instead more closely examining how to appeal to a wider gaming audience, most preeminently through its Game Pass subscription service, according to comments made by its executive vice president of gaming Phil Spencer on Gamertag [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft viewing Google and Amazon as main competitors; DeNA reports JP¥49.4bn (£346m) loss; Zynga posts record annual revenue; and Nexon Korea agrees 6.8% salary raise with union. Microsoft viewing Google and Amazon as main competitors Microsoft is viewing big tech firms, namely Google and Amazon, as its main competitors in the gaming landscape, as opposed to its traditional console rivals Sony and Nintendo, according to Phil Spencer, executive [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: 55% of UK dev jobs are outside of London and the South East; Atari to open gaming hotels; and USD$10m-plus (£7.68m-plus) contracts for top streamers departing Twitch 55% of UK dev jobs are outside of London and the South East UK games industry trade body Ukie and cultural charity the BFI have released a new report that reveals that 55% of game developers were based outside London and the [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Twitch growth slows in 2019; Stadia to debut 120 titles; and Microsoft pledges carbon neutrality by 2030. Twitch growth slows in 2019 Twitch growth has slowed in 2019, with hours watched, hours streamed, number of unique channels and average concurrent viewership (CCV) all decreasing from Q1 to Q4, according to the Year in Review Live Streaming industry report released by Streamlabs and Newzoo. While Q4 results for the [...]