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UK Games Fund selects 38 studios for next round of investment
COVID-19 pandemic caused the programme to be revised so more developers could benefit from funding
Financials (Page 36)
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In-game ad firm AdInMo gets $500,000 investment
Techstart Ventures leads round in Edinburgh-based startup
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Amplifier Game Invest acquires DestinyBit
Italian studio is Amplifier's first investment in southern Europe
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Embracer Group's full-year games revenue rose 31%
But the "first AAA games releases since Metro Exodus" won't arrive until the year ending March 2022
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Keywords to raise £100m for acquisition of pandemic-hit companies
Share sale will allow the services firm to buy companies "less able to weather the disruption"
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Remedy's Control helps Digital Bros to double its revenue
Nine month results see a return to profit, and the acquisition and rebranding of Italian studio Ovosonico
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Tencent expects revenues to "normalise" after strong Q1
Online and mobile game revenues soared during the COVID-19 pandemic
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Nexon's Q1 takes a hit from closure of PC gaming cafes in China
But Korean revenue remains strong due to MapleStory, FIFA Online 4
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Fantasy sports firm Sleeper turns to esports after $20m round
Series B funding round closes ahead of new League of Legends fantasy esports game
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Sony's games business declines as new generation looms
PS4 sales passed 110m units in a down fiscal year, but PS5 is still set to launch in 2020
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Streaming startup Parsec raises $7m in funding
Series A round will fund push into streamed gameplay and remote development
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Switch passes 55m lifetime sales in a strong year for Nintendo
Pokémon and Animal Crossing were the standouts among 27 Switch titles that sold more than one million units
Feature
How is the pandemic impacting venture capital?
Galaxy Interactive is still getting deals done in spite of everything; managing partner Sam Englebardt shares what he sees happening as VC and entrepreneurs adjust
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AppLovin invests in Redemption Games
San Diego studio takes strategic investment in its title, Sweet Escapes
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Scopely acquires Scrabble Go studio PierPlay
Strong early performance of Scrabble Go led to acquisition of the Los Angeles-based mobile developer
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Rovio slashes user acquisition spend to improve profits in Q1
Cost savings lead to 50% profit increase despite declining revenues
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My.Games' revenue and engagement spikes amid COVID-19 lockdown
Publisher fast-tracks digital storefront features to help players keep in touch during isolation
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Keywords reports strong 2019 performance amid COVID-19 doubts
Revenue up 30% last year, but the company declines to offer guidance for 2020 due to pandemic disruption
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Breaking Walls raises $1.75m for "animal adventure game" Away
Game Seer invests in Montreal-based studio's debut project, Away: The Survival Series
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Vela Games closes $3.1m seed round
Dublin-based studio takes lifetime funding to $6.8m with round led by London Venture Partners
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Berlin studio Starberry raises €1.3m in seed funding
ByFounder and Play Ventures both invested in the Idle Coffee Corp developer
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Lightheart Entertainment closes €1.3m seed round
Funding from Galaxy Interactive will be used for the global rollout of mobile title Mr Autofire
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Third internal Kalypso studio revealed as Claymore Game Studios
Claymore is based in Darmstadt, Germany, and is working on the first new Commandos game in 14 years
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Roto VR raises £1.5m in funding
Pembroke VCT led the round in the "360 degree" VR chair startup