Report Says China Should Stop Giving Tax Breaks To Gaming Firms
A new report was unveiled by the Securities Times stating China should stop giving tax breaks to video gaming firms.Continue Reading
Tag: Reuters
Netflix Continues Push Into Gaming With Executive Hire, Mobile Games, And Rumored PlayStation Partnership
Netflix has continued its furious pursuit into the world of gaming. On July 14th, the company hired Mike Verdu toContinue Reading
Tencent Acquires Sumo Digital, Launches Third North American AAA Gaming Studio
Chinese gaming giant Tencent recently unveiled plans to purchase Sumo Digital Ltd. for roughly $1.27 billion. The deal was firstContinue Reading
Krafton Shares Plans For Investments Into India’s Esports Ecosystem
Krafton, the developer behind Battlegrounds Mobile India, recently unveiled the company’s investment strategy for India. The organization confirmed it wasContinue Reading
Activision-Blizzard Still Expecting A Strong Quarter
On August 3rd, Activision-Blizzard Inc. said it expects adjusted revenue for this quarter to exceed expectations. The organization forecast adjustedContinue Reading
Tencent Beats Profit Forecasts For Q2 2021
On August 18th, Tencent Holdings announced the company had beaten second-quarter industry forecasts. This comes after the organization reported aContinue Reading
EA Buys Playdemic From WarnerMedia For $1.4B
Electronic Arts Inc. recently announced it had purchased mobile gaming studio Playdemic from WarnerMedia. The deal was reportedly worth $1.4Continue Reading
Tencent Plans More Gaming Restrictions For Minors After Release Of “Spiritual Opium” Article
On August 3rd, Tencent announced it would be making greater efforts to curb minors’ access to video games. This newsContinue Reading
Dell Stops Shipping Certain Gaming PCs To Six U.S. States Due To Energy Regulation Policies
On July 28th, computer manufacturer Dell Technologies Inc. announced it would stop shipping some versions of PC gaming systems toContinue Reading
Sources: Donerail Pushing Turtle Beach To Explore A Sale
According to Reuters‘ sources, the investment firm Donerail Group is pushing gaming accessories maker Turtle Beach towards a sale. ThisContinue Reading
Ninjas In Pyjamas Agrees To Merger With ESV5
It is currently being reported that Ninjas in Pyjamas has agreed to a merger with the Chinese esports organization ESV5.Continue Reading
COVID-19 Spike Causes Postponement Of SEA Games
It was recently revealed that the Southeast Asian Games are being postponed until 2022. This news was first announced byContinue Reading
Holodeck Media Names Jimmy Baratta As Company’s New Chief Gaming Officer
Paul Dawalibi, President and CEO of Holodeck Media, announced today the appointment of Jimmy Baratta, J.D., as its new ChiefContinue Reading
ironSource Goes Public On New York Stock Exchange
Israeli mobile advertising technology firm ironSource recently went public on the New York Stock Exchange. This comes following the organization’sContinue Reading
EA Believes Company’s Gaming Boom Will Continue Into 2022
On May 11th, Electronic Arts Inc. forecast annual adjusted revenue above the estimates of industry analysts. Reuters said the companyContinue Reading
Netflix Is Trying To Enter The Gaming World With Rumors Of A New Subscription Service
According to a recent article from Reuters, Netflix is interested in creating a video game streaming subscription service. These rumorsContinue Reading
Ubisoft Developing Free-To-Play Game
Ubisoft recently announced it is developing a free-to-play game in The Division‘s universe. The organization revealed it is working onContinue Reading
Tencent Being Sued Over “Inappropriate” Content In Games
On June 1st, the Beijing Teenagers Law Aid And Research Center announced it was suing Tencent Holdings Ltd. The lawsuitContinue Reading
Sony Expects Profits To Slip Following Pandemic Boom
Sony Corporation recently announced it expects profits to drop by 4.3% during the 2021 business year. This comes after aContinue Reading
Sources Say Tencent In Talks With U.S. To Keep Hold Of Gaming Investments
According to sources close to Reuters, Tencent is discussing agreements with an American national security panel that would allow theContinue Reading
CD Projekt Releases Financial Results
Polish gaming giant CD Projekt recently released reports regarding the company’s financial results for 2020. The organization reported operating profitsContinue Reading
Tik Tok Parent Company Bytedance Acquires C4games
On April 14th, Bytedance’s gaming unit, Nuverse, announced it had acquired Chinese developer C4games. This comes after Nuverse bought MoontonContinue Reading
Krafton Applies To Go Public In South Korea
HONG KONG (Reuters Breakingviews) – ONE HIT. The company behind one of the world’s most successful mobile games has appliedContinue Reading
Sources: Tencent’s TiMi Gaming Studio generated $10B in 2020
According to a recent article by Reuters, Tencent’s TiMi Studios generated $10 billion of revenue last year. Reuters sources areContinue Reading
Sources: ByteDance Acquires Moonton Gajing Studio At $4B Valuation
Last Monday, ByteDance said Nuverse, the company’s video game unit, has agreed to acquire gaming studio Moonton Technology. Two sourcesContinue Reading
Tencent Sees Jump In Quarterly Revenue Sales
On Wednesday, Tencent Holdings Ltd reported a huge jump in sales thanks to success from its online gaming business. TheContinue Reading