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Tencent, Sony, Square Enix invest in cloud gaming company Ubitus
Tencent led the funding round, but the amount raised was not disclosed
Financials (Page 23)
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My.Games takes minority stake in Espresso Publishing
Investment is part of the Russian firm's push into the hypercasual market
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2K acquires PGA Tour 2K21 studio, signs Tiger Woods
Publisher adds HB Studios to roster and strikes a long-term exclusive deal with golf icon as president David Ismailer discusses 2K Sports' new expansion era
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Trufan raises $2.3m and acquires Playr.gg
The audience engagement company is planning its expansion in the games industry
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Team17 sees 2020 revenues soar after record number of game launches
UK publisher released ten new games last year, with another busy schedule expected in 2021
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Midgame Fund aims to boost Dutch developer ecosystem
Collaboration between prominent Dutch devs will make investments between €10,000 and €150,000
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Global console market reached record high of $53.9bn in 2020
Console hardware, games and services grew 19% year-on-year
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Roblox closes first day of trading with $38b market cap
Social gaming platform opened at $64.50 a share -- nearly $20 above the NYSE reference price
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Loot boxes to generate $20bn by 2025
230 million games are expected to buy loot boxes in 2025 -- that's 5% of all players, Juniper Research says
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TinyBuild launches £340m IPO
Flotation on the London Stock Exchange's AIM market will provide "the ideal platform for our growth"
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Cloud gaming firm Blade seeking investment after filing for bankruptcy
Company behind Shadow service has also been placed in receivership in France, claims it is a "victim of its own success"
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Zombies, Run dev Six to Start acquired for $9.5m
Fitness firm OliveX will pay $6.65m upfront, with the rest tied to the UK-based firm's performance
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My.Games represented 38% of Mail.ru's revenue in 2020
The publisher saw a 30% growth year-on-year to $562 million
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Lumikai leads $1.5m investment round in All-Star Games
Play Ventures also contributed to pre-Series A round for the Bangalore-based sports game developer
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Dream Games secures $50m Series A round
Mobile startup's Series A is the largest ever for a Turkish company
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MiHoYo revenue reportedly close to $800m in 2020
Genshin Impact drove huge sales and headcount growth at the Shanghai-based firm
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Sega's release slate was cut almost in half by COVID-19 disruption
Japanese firm forecast 30 new releases this fiscal year in August 2020, but it now expects just 18 by the end of March
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MTG pursuing mergers and acquisitions despite down sales year
CEO Maria Redin says increased stake in InnoGames and acquisition of Hutch "mark the beginning of a new growth journey" for company
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GameStop shares spike again
The retailer's stock closed at $91, and reached a high of $185 during after-hours trading
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Fandom acquires digital games marketplace Fanatical
Fanatical will retain its brand, still be based in the UK
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Thunderful Group full-year revenues rise to $374m despite Q4 profit drop
Swedish publishing and distribution firm made $16.3 million net profit in 2020
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Unity report shows mobile games ad revenue grew 8% in 2020
Sports games are the only genre who didn't see an ad revenue increase in 2020, impacted by the lack of real-life events
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Tencent takes a minority stake in Payload Studios
British dev behind TerraTech is the latest recipient of investment from the Chinese giant
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Interactive Entertainment Law Group expands into South America with merger
Deal with Colombian law firm Bedoya & Visbal Abogados gives IE Law regional strength in South America's games industry
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Miniclip buys Green Horse Games
Romanian studio behind Football Rivals acquired by Miniclip for an undisclosed sum