Page 7 - Gaming Industry

PlayboxTV to invest nearly ₹25 cr in content arm, eyes ₹100 cr ARR

OTT aggregator platform PlayboxTV has lined up an investment of around Rs 25 crore in the next 18 months to grow its newly-launched vertical-format content segment and expects annual recurring revenue of Rs 100 crore, a top company official said on Tuesday. The OTT application enhances a customer's experience by listing movies, TV shows and web series from over 30 OTT apps with more than 350 channels across 10 languages. The platform has made a strategic entry into the fast-growing micro-dramas segment with the launch of vertical content feature PlayShots. "We have lined up an investment of around Rs 25 crore in the next 18 months to grow the new vertical (PlayShots)," Aamir Mulani, Founder & CEO of PlayboxTV said. The OTT platform expects annual recurring revenue of Rs 100 crore from the vertical, he added. Available directly within the PlayboxTV app, PlayShots will offer viewers gripping, original Indian stories -- all in under 10 minutes, he said. Mulani said vertical-format ..

Zupee hits 150 million users, gameplay count doubles in eight months

Gaming platform Zupee has reached 150 million lifetime users and 12.5 billion gameplays, doubling usage since November 2024 through its skill-based formats

'Baseline central norms for gaming will enable uniformity in compliance'

Creating a uniform set of rules for gaming will help domestic players and weed out unscrupulous offshore operators, says Sumanta Dey, VP at Head Digital Works which runs A23 Rummy and A23 Poker

Garena Free Fire Max: Here are June 24 redeem codes to win diamonds, skins

Garena Free Fire Max has revealed redeem codes for June 24. The detailed guide below can be followed to redeem codes

Indian game studios level up with local IPs and cultural narratives

As players warm to culturally resonant content, Indian game studios shift focus from outsourcing to homegrown IPs rooted in local themes and traditions

Reliance Jio partners with Krafton, offers BGMI rewards with recharge plans

Jio has introduced India's first gaming recharge plans in partnership with Krafton. Its Rs 495 and Rs 545 plans now comes with BGMI rewards, JioGames Cloud access, and daily data benefits for gamers

When the game plays you: Addiction to sports gambling on rise in India

Few seek help for this addiction. Worse still, many are unaware that it is an addiction requiring professional treatment

Microsoft confirms next Xbox with AMD chip, cross-platform game support

The upcoming Xbox will support multiple devices, third-party game stores, and backward compatibility. Built on Windows and powered by AMD, it marks a shift to an open and unified gaming ecosystem

Garena Free Fire Max: Here are June 17 redeem codes to win skins, diamonds

Garena Free Fire Max has unveiled redeem codes for June 17. Here is a step-by-step guide for the redemption of codes

Nazara launches Pokerverse VR, enters immersive gaming with poker

Developed by YesGnome and published by Nazara, Pokerverse VR is a multiplayer poker game built for Meta Quest and Apple Vision Pro as Nazara eyes immersive gaming growth

GTA online update 'Money Fronts' releasing June 17: All you need to know

Launching on June 17, GTA Online's update 'Money Fronts' will add new cars, missions and game changes on PlayStation 5, PlayStation 4, Xbox Series X|S, Xbox One, and PC

Why US-China tariff tensions are troubling these Taiwanese PC giants

MSI and Gigabyte rush shipments to the US ahead of July 9, when a trade truce reducing tariffs on Chinese exports is set to expire, threatening costs and supply chains

Garena Free Fire Max: Here are June 4 redeem codes to win rewards, diamonds

Garena Free Fire Max has released redeem codes for June 4. Here is a detailed guide to redeem them

Rooter revenue surges 120% to $10 mn in FY25 on strong commerce growth

Game content-to-commerce platform Rooter has reported a 120 per cent year-on-year increase in revenue to USD 10 million (Rs 82 crore) in FY25, buoyed by strong performance in its commerce platform Rooter Shop. Rooter is a game streaming platform. Rooter Shop, its gaming commerce vertical, was piloted in July and started scaling in October. Rooter Shop is witnessing an average user spending of about Rs 2,400 per month on its platform, the company said. "The biggest contribution happened because of the success of Rooter Shop, which is our commerce play and that is now contributing 70 per cent of the overall revenue, while brand monetisation and other partnerships continue to be 30 per cent of the overall revenue," Rooter Founder and CEO Piyush told PTI. Rooter, tracking USD 24 million ARR (annual revenue runrate) currently, aims to achieve a revenue growth of 3-4 times this fiscal. The company has reduced its losses by 63 per cent in FY25. Piyush said the company is confident of ..

Acer launches Intel Core Ultra-powered Swift Neo laptop: Price, details

Starting at Rs 61,990, Acer Swift Neo laptop comes with up to 32GB LPDDR5 RAM and up to 1TB NVMe PCIe Gen 4 SSD storage

Nazara Tech completes acquisition of UK-based Curve Games for ₹247 cr

Nazara Technologies acquires Curve Games in a ₹247 crore deal, aiming to expand into the $100 billion PC-console gaming market and enable global growth from India

Take-Two sees annual bookings below revised estimates due to GTA VI delay

Take-Two has other titles lined up for the year such as "Borderlands 4" and "Mafia: The Old Country", but their potentially strong releases are unlikely to stave off a hit from the delay of GTA VI

Tech Wrap May 15: BGMI update, Dell Plus laptops, Vivo V50 Elite edition

Krafton releases BGMI 3.8 update. Dell launches Copilot Plus AI PCs. Vivo V50 Elite edition launched. Microsoft tests 'Hey Copilot' voice command. YouTube tests new ad format

Gameskraft to pause Pocket52 poker operations from May 30 for review

Gameskraft will suspend its online poker platform Pocket52 from May 30, citing a need to reassess long-term strategy, amid industry pressure from the 28% GST regime

Rekha Jhunjhunwala portfolio stock nears 3-year high; up 95% from 52-wk low

Shares of Nazara Technologies hit an over two-year high of ₹ 1,149.85, up 4% in Monday's intra-day trade. The stock surpassed its previous high of ₹ 1,124.15 touched on September 19, 2024 on the BSE.