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IO Interactive Reports Record Breaking Year

Gamesindustry.biz reports: "Hitman developer IO Interactive has released its annual report for 2020/21, reporting record-breaking profits during the last fiscal year. For the year...

Magic Leap Raises $500M, Unveils Magic Leap 2

Gamesindustry.biz reports: "Magic Leap has completed a fresh round of funding, raising $500 million to continue its work on augmented reality. Previous investors include...

Hypercasual Startup Homa Games Raises $50M

Gamesindustry.biz reports: "Mobile developer and publisher Homa Games has raised $50 million in a round of Series A funding, led by venture capital fund...

My.Games VC Invests in Three Studios

Gamesindustry.biz reports: "My.Games Venture Capital has announced it invested in Tworogue Games, WideView Games, and Vox Studio. The combined investment amounted to around $3...

Twitch Confirms It Was Hacked By a Malicious Third Party

Gamesindustry.biz reports: "Twitch has confirmed it suffered a security breach that exposed its source code, leading streamers' earnings, and more. The acknowledgement came via...

Amazon CEO Says Games Could Become Its Biggest Entertainment Category

Gamesindustry.biz reports: "The chief exec of Amazon believes that video games will become a crucial pillar in its business, eventually outpacing music and video...

Worldwide Esports Viewership Will Grow to 51.9 Million by 2024

Gamesindustry.biz reports: "Research from Interpret and Consumer Technology Association finds those who compete in or attend esports events spend up to 84% more on...

Humble Bundle Has Raised $200 million For Charity Thanks to Generous...

The Verge reports: "If you play video games on the PC then there’s a good chance at some point in your life you’ve purchased...

Spotify Rival Anghami Strikes Partnership with Mobile Game PUBG

Music Business Worldwide reports: "Anghami will offer PUBG MOBILE fans redeemable codes for Anghami Plus subscriptions (Anghami’s premium paid tier) for up to 1...

Voodoo Acquires Mobile Studio Beach Bum

Gamesindustry.biz reports: "Mobile publisher Voodoo has acquired Israel-based development team Beach Bum for an undisclosed sum. The studio was founded in 2015 and creates...