Page 28 - Gaming Industry

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

Karnataka contemplating law to check online games: State home minister

The state is contemplating bringing in a law to keep a tab on online games and a draft bill is underway, State Home minister Basavaraj Bommai said

Sony India advises customers on PlayStation 5 pre-orders amid high demand

Sony India said that as pre-order date for PlayStation 5 comes closer, potential customers should avoid visiting the retails stores and first connect with them if the devices are available

Gaming startup MPL set to become next unicorn after $95 mn fundraise

The coronavirus pandemic-induced lockdown in 2020 has provided a fillip to an already-booming esports industry in India and the world.

Microsoft surpasses $5bn in gaming revenue for the first time: Nadella

Microsoft has surpassed $5 billion in gaming revenue for the first time in the quarter that ended on December 31, CEO Satya Nadella has revealed.

Gaming industry asks for NITI Aayog guidelines for all online skill games

The online skill gaming industry has collectively recommended the NITI Aayog to set up a single self-regulatory body

India accounts for 14% of global app installations: InMobi report

The country's app download growth rate was four times the global average

Online gaming industry urges govt to set up self regulatory body for sector

The online gaming industry on Monday urged the government to set up a self-regulatory body

US consumers spend $57 billion on video games in 2020 amid lockdowns

Spending on video games set a new record of $56.9 billion in 2020 in the US, according to a new report

Gaming platform Roblox valued at $30 billion, plans direct listing

Roblox Corp said it aims to go public through a direct listing, instead of an IPO as originally planned, and has raised new funding in a deal that values the US gaming platform at nearly $30 billion

Sony ships 3.4 millionn PlayStation5 units, plans 18 mn for this year

The PlayStation maker shipped a record-breaking 3.4 million units of the PS5 within the first four weeks of its launch, reports DigiTimes

Google's gaming platform Stadia to receive four games in January 2021

Google's game streaming platform Stadia will receive four new games to its collection as part of Stadia Pro in January 2021

Centre of excellence in the works for gaming, visual effects: Javadekar

IIT Bombay to collaborate with govt on the project, I&B ministry has identified animation, visual effects, gaming and comics (AVGC) sector as sunrise industry

Electronic Arts outbids Take-Two with $1.2 billion deal for Codemasters

EA, maker of The Sims, Need for Speed and FIFA, said it expects the deal to grow net bookings and underlying profitability