Microsoft Responds To FTC’s Lawsuit
On December 22nd, Microsoft filed a response to the FTC’s recently filed antitrust lawsuit that would potentially block the company’sContinue Reading
Tag: CNBC
Riot Games Wants Out Of This Sponsorship Deal
Just like the rest of the world, Riot Games is done with FTX. After signing a seven-year sponsorship with theContinue Reading
Epic Games To Pay $520M In Fines
Epic Games reportedly has to pay the United States Federal Trade Commission (FTC) $520 million in fines. This money willContinue Reading
World Of Warcraft May Still Have Life In China
It sounds like Blizzard Entertainment is looking for new potential partners so that the company can continue offering World ofContinue Reading
Is Roblox Underperforming?
J.P. Morgan has downgraded Roblox stock to a neutral rating due to some variable performances in bookings that suggest “moreContinue Reading
Gamers Grieve The End Of Major Titles In China
In the middle of November, Activision-Blizzard announced it was ending its 14-year licensing agreement with the Chinese gaming firm NetEase.Continue Reading
Meta Forced To Lay Off Thousands Of Employees
According to a November 9th letter from Mark Zuckerberg, Facebook’s parent company, Meta, is laying off over 11,000 employees. ThisContinue Reading
Phil Spencer Provides Several Insights Into The State Of Microsoft And Xbox
The Wall Street Journal‘s Tech Live event was recently held from October 16th to the 18th. During this discussion, PhilContinue Reading
Tencent Wants To Invest More Internationally
Tencent, the world’s biggest gaming company, is apparently looking to shift its merger and acquisition (M&A) strategy to put aContinue Reading
Is Amazon Trying To Buy EA?
The Swedish media group GLHF recently published an article claiming that Amazon was looking to buy Electronic Arts. This comesContinue Reading
For The First Time Ever, Tencent Had A Down Quarter
Tencent recently announced its Q2 2022 financial results. For the first time ever, the organization saw quarterly revenues decline year-over-year.Continue Reading
Despite Industry Struggles, This Company Has Seen Tremendous Growth Recently
Nazara Technologies Ltd recently unveiled its Q1 2023 financial results for the three-month period that ended on June 30th, 2022.Continue Reading
The U.S Gaming Market Is Down
While the global video game market has been booming over the last few years, the same cannot be said aboutContinue Reading
House Of Gaming Forms Two Big Partnerships
Indian esports firm House of Gaming has partnered with Bluewheel Capital and Wharf Street Studios, in an alliance which looksContinue Reading
China Issues Third Batch Of Gaming Licenses Since April
China’s National Press and Publication Administration issued 67 gaming licenses this month, the third batch of licenses since April followingContinue Reading
Chinese Gaming Market Unwavering In The Face Of Adversity
Did you know that China is still the number one esports market in the world? According to a new reportContinue Reading
China Approves Several New Games, A Sign That Restrictions Might Be Easing
Shares of Chinese gaming companies skyrocketed after government regulators approved a flurry of new games, a sign that some ofContinue Reading
FaZe Clan Goes Public
The world-famous esports brand and entertainment company FaZe Clan recently began trading stock on the Nasdaq exchange following the completionContinue Reading
Is Activision-Blizzard’s Sale To Microsoft In Danger?
This may be why you never want to count your chickens before they hatch. Despite the deal first being reportedContinue Reading
Gaming Push Already Paying Off For TikTok’s Parent Company
ByteDance, the parent company of TikTok, recently announced that it generated over $1 billion in player spending across all mobileContinue Reading
South Korea’s $177M Metaverse Investment
The government of South Korea will be directly investing over $177 million into metaverse projects according to the country’s ministerContinue Reading
NetEase Launches Its First Gaming Studio In The US
China-based NetEase has launched its first fully-owned gaming studio in the US, called Jackalope Games. The studio is based inContinue Reading
Best Buy CEO Believes Gaming Engagement Will Continue Despite A Return To In-Person Activities
Best Buy CEO Corie Barry said in a recent interview that she believes the gaming spike will continue despite COVID-19Continue Reading
Leading Crypto Content Brands Merge With Holodeck Media to Become First Integrated Metaverse, Gaming, and Crypto Media Company
‘Crypto Capsule’ and ‘The Future of Money’ shows join the growing META TV and Business of Esports banners to createContinue Reading
Meta Wants An Almost 50% Cut Of Horizon Worlds’ Digital Asset Sales
Meta, the parent company of Facebook, is reportedly looking to take a 47.5% cut of the funds generated from digitalContinue Reading
Tencent Shutting Down Penguin Esports Streaming Platform
Tencent recently announced it would be shutting down its streaming platform, Penguin Esports, just months after Beijing regulators rejected aContinue Reading
Alibaba Leads $60M Funding Into AR Glasses Maker, Nreal
Alibaba recently led a $60 million investment round into augmented reality glasses maker, Nreal. Augmented reality technology imposes digital images overContinue Reading
Could The Metaverse Bring New Cyber Risks? Here’s What Companies Can Do To Prevent Them
The metaverse has drawn hype in recent months, with major companies rushing to get their foot in the door. ButContinue Reading