Page 12 - Gaming Industry

Gaming unicorn Dream11 onboarded 55 million users in 2023 amid tax battle

The company now boasts a total user base of 21 crore gamers, after breaching the 20 crore threshold in October last year

Budget 2024 wishlist: Gaming industry seeks clarity on regulation, taxation

Firms expect Budget to address concerns on consumer/player protection, without stifling innovation

In talks with multiple prospective buyers of gaming assets: ByteDance

The firm stopped working on unreleased games and planned to divest of titles already launched, people familiar with the matter told Reuters at the time

Winzo joins hands with IITs to develop model for determining games of skill

Winzo said that it started the study amid concerns about the independence of the proposed self-regulatory bodies in India's online gaming sector

China fires top official to stem games fallout, contain damage: Report

Tencent and smaller rival NetEase Inc. gained about 1% in Hong Kong Wednesday, adding to a recovery since officials began signaling a willingness to consider industry views

China gaming companies unveil share buybacks after govt curbs cause rout

It remains to be seen how shares of Tencent Holdings , the world's biggest gaming company and its closest rival, NetEase, will fare this week after the apparent softening in stance from the regulator

SCOPE launches $45 mn venture capital fund for fintech, gaming sectors

SCOPE, an invite-only networking platform for the startup ecosystem, on Tuesday announced the launch of a USD 45 million venture capital fund focused on driving innovation in the fast-evolving fintech and gaming sectors. This strategic initiative underlines SCOPE's commitment to fostering innovation, collaboration, and growth within the startup community, according to a release. The VC arm will operate as an independent entity under the SCOPE ambit, to identify, nurture, and accelerate "groundbreaking startups that demonstrate exceptional promise and disruptive potential". Announcing the launch of the USD 45 million fund designed for fintech and gaming sectors, the release said, "SCOPE recognises the immense opportunities presented by fintech and gaming". Both sectors, it noted, have witnessed unprecedented growth, driven by technological advancements, changing consumer behaviours, and an increasing demand for innovative solutions. "The venture capitalist arm aims to be at the ...

Gamezop expands publisher offerings with Newszop, Astrozop, and Criczop

The launch of Newszop, Astrozop, and Criczop will help in boosting user engagement and driving advertising revenue

Marvel's 'Blade' video game announced at The Game Award 2023: Know details

Marvel Games, in a brief, said that the game will be based on a section of Paris in the middle of a "supernatural emergency"

MPL's revenue surges 63% to $104.6 mn in FY23; losses narrowed by over 70%

The gaming unicorn has derived 38% of this revenue from its operations in international markets up from 11 per cent in FY22

Rolling dice on tax changes: Investor interest in real-money gaming sours

Look to take measured bets in casual and mid-core games

Gaming industry signs code of ethics for safe, trusted & accountable gaming

Joy Bhattacharjya, Director-General, FIFS, said that India's gaming sector is a sunrise sector, with almost 50 crore active users

Grand Theft Auto VI trailer unveiled: Know details, release date and more

GTA VI video game to come on PlayStation 5, Xbox Series X and Series S in 2025

Trailer for the next iteration of Grand Theft Auto to drop this week

Following the trailer reveal announcement by Rockstar Games, Microsoft did the same by announcing a fresh reveal for Halo Infinite

ByteDance to fire hundreds and shut Nuverse in major gaming retreat

TikTok's owner will fire several hundred people, unwind projects under development and weigh potential sales of existing titles, people familiar with the matter said

Over 50% Indian gamers see a career in gaming, shows HP India study

The company has introduced the HP Gaming Garage, a free-of-cost online professional certificate program on Esports management and Game development

Call of Duty Modern Warfare 3 video game set to roll out globally on Nov 10

COD's Modern Warfare 3 would feature an open-world server called Operation Deadbolt, alongside 16 different multiplayer maps

Rockstar Games to announce Grand Theft Auto 6 video game this week: Report

The next GTA franchise instalment is expected to release early next month on Rockstar Games' 25th anniversary

Indian gaming market expected to reach $7.5 billion by FY28: Lumikai

The report added that the industry is projected to grow at a compound annual growth rate of 20 per cent

$8.9 bn in notices! Why India's gaming revenue forecast has been slashed

In the last financial year, gamers in India stood at 568 million, of which 25 per cent were paying users. The number of gamers in India, as per the report, grew by 12 per cent compared to last year