Page 27 - Gaming Industry

Billion-dollar online gaming industry seeks clarity on valuation, taxation

The industry has now come out with a report to make a case for itself, and put forth the matter of taxing the business

CLSA expects this Jhunjhuwala-backed gaming company stock to crash 41%

In its latest report, CLSA retained a SELL rating on Nazara Technologies, India's first listed gaming company, on revenue miss in June quarter and pricey valuations

Madras HC quashes Tami Nadu law banning online games like rummy and poker

A two-judge bench said complete ban is disproportionate and irrational, adds that govt can still introduce an appropriate law that conforms to Constitutional principles of propriety

Lenovo launches Legion 5 Pro gaming laptops with Nvidia RTX 30 series GPUs

Priced Rs 1,39,990 onwards, the Lenovo Legion 5 Pro is now available for pre-ordered on Amazon India and Lenovo online portal

HP Victus 16 gaming laptops with AMD Ryzen, Intel Core processors launched

The Victus 16 laptops boast high resolution screen of fast refresh rate, enhanced thermal control features, and HP's proprietary OMEN Gaming Hub

Chinese regulator halts Tencent-backed Huya-Douyu game-streaming merger

China's market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny

British gambling firm Entain to double investment in game studios

ritish gambling firm Entain is doubling investment in its game development studios, as it steps up its focus on online betting after closing hundreds of high street betting shops

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