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Mobile games revenue growth remains higher than pre-pandemic levels
Gamesindustry.biz reports: "One year into the COVID-19 crisis, mobile game revenue growth is still higher than it was pre-pandemic, according to Sensor Tower's latest...
Manticore Games raises $100 million to build a ‘creator multiverse’
TechCrunch reports: "The gaming sector has never been hotter or had higher expectations from investors who are dumping billions into upstarts that can adjust...
Nexon invests $874m in Bandai Namco, Konami, Sega and Hasbro
Gamesindustry.biz reports: "Online games giant Nexon has invested close to $900 million in four major companies, including three games publishers."
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Cloud gaming expected to hit $1.4 billion in revenue this year
Gamesindustry.biz reports: "Newzoo today released a new study regarding cloud gaming reporting that the market should generate $1.4 billion by the end of 2021."
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Snap Games Unveils Multi-Game Partnership With European Developer Gismart
The Hollywood Reporter reports: "Snap Games unveiled on Wednesday a multi-game, cross-platform partnership with European developer and publisher Gismart to launch its second game Crazy...
Rec Room closes $100m funding round
Gamesindustry.biz reports: "The online social platform Rec Room has raised $100 million in new funding, at a valuation of $1.25 billion."
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ByteDance acquires Moonton Technology
Gamesindustry.biz reports: "Nuverse, which is part of ByteDance's gaming companies roster, has acquired Shanghai-based developer and publisher Moonton Technology."
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NFTs Are Spurring a Digital Land Grab—in Videogame Worlds
The Wall Street Journal reports: "Investors are pouring millions of dollars into land. But these lush fields and rolling hills only exist within videogames."
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Embracer Group raising over $890m for even more acquisitions
Gamesindustry.biz reports: "Embracer Group is gearing up for yet more acquisitions as it stands to raise more than $890 million. The parent of THQ...
Facebook Unveils AR Control Device That Taps Into Your Nervous System
Variety reports: "Facebook has a team of engineers working on next-generation computing devices and interfaces. The group on Thursday provided a first look at...
