Page 25 - Gaming Industry

Gaming for fun or killing the boredom, honing skills or making some money

Once frowned upon, gaming has acquired universal acceptance, with housewives, students and working professionals taking to it. Beware of the pitfalls, though

Homegrown game streaming platform Loco raises $9 million in funding

Loco, an Indian game streaming platform, on Monday announced that it has secured USD nine million for its first round of fundraising as an independent company.

Online gaming industry to worth Rs 29,000 crore by FY25, says KPMG

Overall growth in digital consumption sophistication has helped online gaming become a mainstream entertainment option.

Nazara Tech to acquire majority stake in Publishme for Rs 20 crore

Nazara Technologies said it will acquire 69.82 per cent stake in Publishme, the largest mobile game publishing agency in the Middle East and Turkey, for about Rs 20 crore

Prime members to get access to Amazon's game streaming service Luna

American multinational technology company Amazon will be opening up access to Luna, its game streaming service, for all Amazon Prime members on June 21 and 22 (Amazon Prime Day).According to The Verge, previously, for a test out of Luna, users had to request access or sign up from supported Fire TV devices. But now, for a limited time, mainland US Prime subscribers will be able to start a seven-day trial of Luna right away.Luna is currently available on Windows PC, Mac, Fire TV, and via the web on iPhone, iPad, and select Android phones. Its regular pricing is USD 5.99 a month for access to games including 'Control', 'GRID', and 'Metro Exodus'.Once a user has access to a Luna account, they can pay USD 14.99 a month for the Ubisoft Plus beta channel. As per The Verge, this grants access to a big range of Ubisoft games, including the latest titles from the 'Assassin's Creed', 'FarCry', and 'Watch Dogs' franchises.

Adman turned investor Sajan Raj Kurup backs gaming firm Revenant Esports

The aim is to help Revenant Esports become a Rs 200 crore brand in the next 18 months

Japan's Sony Corp expects profit to decline after pandemic boom

The firm expects operating income to slip 4.3% this business year

Mobile Premier League acquires GamingMonk to widen esports portfolio

GamingMonk had a registered user base of over 1.3 million users and would augment MPL's efforts in reaching our target audience and engage with its users effectively

China-based ByteDance's gaming unit Nuverse acquires C4games: Details here

China's ByteDance said on Wednesday that its gaming unit Nuverse has acquired C4games, as it seeks to further expand into the video games business

Epic Games case: Apple to argue it faces competition in video game market

Epic sued Apple last year in federal court in California, alleging the 15% to 30% commissions that Apple charges for the use of its in-app payment systems

Tencent's Timi gaming studio generated $10 billion in 2020: Report

The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case

GameStop soars to erase $4-billion hole as meme stocks roar

The company has made "significant changes" to its board since June 2020

Tencent's quarterly profit jumps 175%, above Wall Street forecast

Chinese gaming and social media giant Tencent Holdings Ltd on Wednesday reported a forecast-beating 175% rise in quarterly profit

Analysts game for Rakesh Jhunjhunwala-backed Nazara Technologies

Nazara Technologies is an Indian gaming and sports media platform. It's Rs 583 crore-IPO will run through March 17-19 and will be entirely an offer for sale (OFS)

Samsung Display to target gaming display market with its OLED panels

Samsung Display said on Tuesday that it targets to expand its presence in the gaming display market with its OLED panels for smartphones.

Indian gamers spend more than eight hours a week playing: Report

Indian gamers spend more than eight hours and 36 minutes each week playing, according to a report by Limelight Networks Inc

Gaming sector in India attracted investments worth $544 million: Report

The gaming sector in India attracted USD 544 million in investments during August 2020-January 2021 period, and this is set to double over the next 12-18 months on the back of higher user awareness and accelerated engagement, as per a report by Maple Capital Advisors. With more than 400 million gamers, a plethora of investors are looking to deploy funds in the sector, and with over 15 per cent of the global gaming traffic, Indian gaming market is at an inflexion point. "We believe gaming is now at an inflexion point with greater investment and consumer traction. With growth-oriented private equities now participating and the first meaningful IPO around the corner, gaming is poised to attract greater capital across stages, and we expect increased cross-border M&A," Maple Capital Advisors founder and MD Pankaj Karna said. He added that the investments are expected to double in the sector in the next 12-18 months. "Consumer traction (15 per cent of global traffic) on the back of ...

Gaming company Nazara expects to fetch Rs 580 cr with IPO opening March 17

Promoters and shareholders offering 5.29 million equity shares; step won't raise money for company backed by billionaire Rakesh Jhunjhunwala.

India's top gamers set to take part in first-ever AIFF eFootball Challenge

India's best FIFA gamers are set to take part in the first-ever AIFF eFootball Challenge beginning on March 20,

Angry Birds creator Rovio swings to fourth-quarter profit, raises dividend

Rovio Entertainment is the maker of the 'Angry Birds' games franchise