Page 22 - Gaming Industry

Gaming industry to add 100k new jobs across domains in FY23: Report

The gaming industry is likely to add one lakh new jobs by 2022-23, across domains, including programming, testing, animation and design, according to a report. The sector is likely to grow by 20-30 per cent and add one lakh direct and indirect new jobs by FY23, TeamLease Digital said in a report - Gaming: Tomorrow's Blockbuster. Currently, the sector directly employs about 50,000 people of which 30 per cent of the workforce are programmers and developers. Over the next year, the sector will add new jobs across domains like programming (game developers, unity developers), testing (games test engineering, QA lead), animation (animators), design (motion graphic designers, virtual reality designers), artist (VFX and concept artists) and other miscellaneous roles (content writers, gaming journalists, web analyst). From a salary perspective, the highest-paying profiles in the gaming industry include game producers (Rs 10 lakh per annum), game designers (Rs 6.5 LPA), software engineers (R

Qualcomm bets big on future of gaming, sound on premium smartphones

As more and more people play games on high-end smartphones, including millions in India, chip major Qualcomm has doubled down on making 'Elite Gaming' more immersive and sound more alive

Indian gaming to add 100,000 jobs in FY23, grow five-fold in 7 years: Study

Industry expected to attract Rs 780 crore in foreign investment, says TeamLease Digital report

Ubisoft, Riot Games collaborate to reduce in-game toxic chats: Report

In the initial stage, both companies will try to develop a framework that will enable them to share, collect, and tag data while safeguarding user privacy

India Media & Entertainment valued between $27-29 bn in 2022: Report

The India Media & Entertainment industry is estimated to be valued between USD 2729 billion in 2022 and is poised to grow to USD 5565 billion by 2030, said a report. The industry, which had witnessed some setbacks during the pandemic, is back to its pre-Covid growth story, said a joint report by the industry body CII and BCG. "With the industry witnessing strong growth tailwinds, it is poised to grow to USD 5565 billion by 2030 with a potential to reach USD 6570 billion, driven by growth in OTT and gaming," said the report titled "Shaping the future Of Indian M&E". The report highlights the role of some media segments, particularly OTT platforms and said the sector has witnessed rapid changes fueled by "accelerated technological progress and evolving consumer behaviours". According to the report, the digital video & gaming segment is leading the "boom" with an over 40 per cent of total media consumption in 2022 backed by growth in internet and smartphone penetration. Now ..

Reliance Games partners with Atari to expand their Free-to-Play portfolio

The Atari partnership builds on Reliance's expansion to provide investment, consultancy and Live Ops support for development studios around the world

Qualcomm to transform into connected chip company for intelligent edge: CEO

The latest premium mobile platform called Snapdragon 8 Gen 2 is another step towards realising his dream that aims to reinvent premium mobile gaming in the metaverse era

Fantasy sports offered by Dream11 are games of skill, not chance: SC

Two-judge bench dismisses review petition seeking to reopen and review an earlier SC order relating to a 2017 Punjab and Haryana HC decision ruling fantasy sports to be a game of skill

Explained: What is ray tracing, how it works, and future of mobile games

Ray tracing uses lighting techniques to bring more realism in video games. By using algorithms, this technology traces and imitates the path of light that it would take in real world

Nintendo partners with DeNA to strengthen digital games, services

Nintendo said that the partnership will "strengthen the digitalisation" of its business which has already been incredibly successful for the company

AMD introduces advanced gaming graphics cards based on RDNA 3: Details here

The new graphics cards are the world's first gaming graphics cards to feature an advanced AMD chiplet design

Indian gaming worth $2.6 bn in FY22, will grow four-fold by 2027: Report

Country has 507 million gamers and more than 900 companies in the sector

Sony planning to launch PlayStation VR2 for $550 next yr: Know more

For a more customised feel, the VR2 also includes an integrated vent for extra air flow and a lens adjustment dial

Define game of chance, game of skill to decide on taxation: GST law panel

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce scope for multiple litigations

Games24x7 launches Rs 400 cr fund for interactive entertainment start-ups

Will largely focus on entrepreneurs aspiring to build disruptive ventures in online gaming, digital marketing, digital content, sports tech, eSports, blockchain tech and analytics

Netflix acquires game developer 'Spry Fox' to expand in-house games studio

Spry Fox has joined the streaming platform to become its sixth in-house games studio, Netflix said in a blogpost

Smartphone storage space is the new turf war for mobile game makers

The most common workaround from game studios is to put only a basic installer in app stores, which then downloads further game assets once the player starts

Game streaming co Rooter to host India's biggest cricket eWorld Cup event

Tournament to run from from Oct 16 to Nov 13, coincide with ICC Men's T20 World Cup

Gaming industry needs regulation, not ban: CEO, E-Gaming Federation

At least 600 million people will be playing online games by 2030, says Sameer Barde

No cheat-code for online gaming industry as ministry, I-T turn up the heat

The income tax (I-T) department recently issued show-cause notices to seven online game companies, as part of an investigation into possible tax evasion by such institutions.