Existing investor Supercell lends Helsinki developer Metacore €150 ($180) million to scale its mobile puzzle game Merge Mansion, currently booking revenue at an annualized rate of over $50 million. Gaming industry investment and M&A hit record levels in 2020 and continues to be strong in 2021. [more]
The video game and eSports betting industries experienced significant growth and deal activity as larger publishers announced acquisitions of various studios with proprietary game engines, while eSports focused betting platforms partnered with betting operators and networks. [more]
Valve’s Steam hits record number of users; Activision launches battle royale Call of Duty and downloads hit record levels; NVIDIA’s GeForce Now starts to sell out memberships; but eSports events such as E3 and GDC cancelled. [more]
16-year old Kyle “Bugha” Giersdorf wins this year’s Fortnite World Cup champion and takes home the US$3 million first place prize. [more]
In June 2019, Overwatch, a videogame made by game developer, Activision Blizzard generated US$1 billion in revenue from in-game purchases. [more]
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