[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: Tencent and Huawei partner for cloud gaming; Colopl acquires Mages; and HQ Trivia returns. Tencent and Huawei partner for cloud gaming Tencent has partnered with Huawei to launch a co-innovation development lab which will power a new mobile cloud gaming platform, termed GameMatrix. The collaboration will leverage Huawei’s Kunpeng processor technology with the firms prioritising emerging areas within the gaming industry, namely artificial intelligence (AI), virtual reality (VR), [...]

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, [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent set to acquire Funcom for USD$148m (£114m); AppsFlyer raises USD$210m (£161m); Stillfront Group acquires Storm8 for USD$300m (£230m); and US state intervention attempt on Riot Games discrimination lawsuit. Tencent set to acquire Funcom Tencent Holdings Limited has made a formal offer to acquire the remainder of shares it does not currently own in Funcom SE, in an all-cash bid valuing the developer-publisher at NOK 1.33bn (£114m), which has [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent to invest away from gaming; ByteDance to enter core gaming; and Rockstar claimed £37.6m in VGTR in 2019. Tencent to invest away from gaming Tencent Holdings executives are planning to diversify its investment strategy away from focusing on gaming and will look to fund retail and payment platforms to support its WeChat offering, according to comments made by the Shenzhen-based firm’s president Martin Lau. Speaking to over 500 [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Team17 picks up Yippee Entertainment; Worldwide Christmas spend on apps tops USD$277m (£209.6m); and Nexon sells off mobile development subsidiary for JPN¥1 (£0.007). Team17 picks up Yippee Entertainment Long-standing UK developer and publisher Team17 has acquired Yippee Entertainment for close to £1.4m. Founded in 2011, Yippee develops own IP alongside end-to-end creation of games on a third-party basis. The company has also served as a digital publisher. Now wholly owned [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Typhoon Studios joins Google’s Stadia Games and Entertainment; Tencent-backed Global Esports Federation founded; and Twitch Fortnite viewership dips 28% in 2019. Typhoon Studios joins Google’s Stadia Games and Entertainment Following an acquisition independent developer Typhoon Studios has joined Google’s cloud-focused game division Stadia Games and Enetertainment. Founded in 2017, Typhoon is led by former Electronic Arts executive producer Reid Schneider, and previous Ubisoft creative director Alex Hutchinson. The acquisition [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Facebook acquires cloud gaming outfit PlayGiga; Bidstack secures £10m Agency Trade Deal; and Call of Duty: Modern Warfare clears USD$1bn (£776.4m) in sales Facebook acquires cloud gaming outfit PlayGiga Social networking giant Facebook has acquired Madrid-based cloud gaming company PlayGiga. As reported by CNBC, the move furthers Facebook’s increasing presence in the gaming space, following the news that it picked up VR studio Beat Games last month. Equally, with [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent partners with NVIDIA for START; Nreal files Magic Leap counter lawsuit; and Rambler Media Group drops Twitch claim. Tencent partners with NVIDIA for START Tencent and NIVIDIA have announced a partnership which will see the latter’s GPU technology power the upcoming Tencent START cloud gaming platform. Moreover, the two firms have announced a “joint innovation lab” which will examine new applications for AI, game engine software optimisations [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent to leverage partnership with Nintendo; US gaming industry ad spend reaches USD$60.3m (£47.2m); and Homescapes passes USD$1bn (£782m) in lifetime revenue. Tencent to leverage partnership with Nintendo Tencent is seeking to sell more console titles in the US and Europe by leveraging its current partnership with Nintendo, according to an representative speaking to The Wall Street Journal on condition of anonymity. The official stated, “What we want [...]