Page 24 - Gaming Industry

Industry hails decision to separate gaming from gambling, horse racing

In July, the GST Council announced a 28 per cent tax on the industry, which experts and companies largely agreed to. Currently, an 18 per cent tax is applicable on the gross gaming revenue (GGR)

ByteDance lays off hundreds of employees from video gaming vertical: Report

ByteDance is also reportedly slashing jobs at Jiangnan Studio, its game development studio in Hangzhou district

All roads lead to Web3 gaming in India, but regulation needed: Experts

It's the new sunrise segment in the country's media and entertainment industry

Netflix ramps up hiring for Cloud gaming services, plans to launch 50 games

Streaming giant Netflix has ramped up its dream to make it big in Cloud gaming, as the company hunts for professionals to take on Cloud gaming services

Nvidia warns of lower second-quarter revenue on gaming weakness

The gaming industry, largely considered to be recession proof, is beginning to see some weakness as consumers weigh purchases of discretionary items such as laptops and video game consoles

Mobile gaming market falls nearly 10% in first half of 2022: Report

The majority of mobile game genres saw a decline in sending and downloads in the first half of 2022, with the total mobile gaming market falling 9.6 per cent year-over-year, says a new report.

Why has BGMI been taken down from Google and Apple app stores in India

The game's developer Krafton confirmed that BGMI had been suspended. Here's why the game has been removed and what the developers have to say about it

Nazara Technologies soars 16% after strong June quarter results

The mobile gaming company reported over 22 per cent year-on-year (YoY) growth in consolidated net profit to Rs 16.5 crore in April-June quarter (Q1FY23)

BGMI delisting from Google, Apple app stores adds to gaming sector's woes

Gaming platforms suggested regulations to address the game addiction, rather than a blanket ban

Google blocks Krafton's battle-royale game in India, cites government ban

Alphabet Inc's Google blocked access on Thursday to a popular battle-royale format game from South Korean developer Krafton, citing an order from the Indian government

Gaming industry seeks govt intervention against tech giants' unfair policy

The skill-gaming industry has sought the intervention of the government to rein in the arbitrary policies of the monopoly global tech-giants

Battlegrounds Mobile game now has 100 million users in India: Krafton

In the last year, the game developer invested nearly $100 million to improve India's local video game, e-sports, and entertainment startups

Game streaming is becoming a serious professional choice for youth

Gamers have to put in 12-15 hours a day when they begin playing new games, since they need to make sure that the audience is entertained as well

Venture capitals reroute funding to Web3.0, gaming startups amid dry spell

A group of former executives from one of the largest cryptocurrency exchanges Binance has also reportedly created a $100 million venture fund

Sony PSVR 2 likely to have at least 20 games, upgraded VR headset at launch

At an investor briefing, the company revealed that there will be at least 20 "major" PSVR 2 games available at the jump

Sony prepares to increase PS5 production, plans games portfolio expansion

The brand has also projected that the sales of PS5 hit 18 million units in the financial year-end in March compared to 11.5 million units a year earlier

Gaming industry in a fix after GoM proposes application of GST at 28%

Indian gaming companies and the industry body representing the industry had made representations for the continuation of an 18 per cent taxation

Sony to soon launch its new revamped PlayStation Plus tiers globally

The company said that the new PlayStation Plus will offer PS3 games to stream and play on PS4, PS5 and PC

Blockchain gaming industry concerned over TerraUSD, Luna crash

Game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna

US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US

US SEC's order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge