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Currently Browsing: Results for Tag "financial"

Avalanche takes over $10M in funding from Nordisk film

Avalanche takes over $10M in funding from Nordisk film Avalanche Studios, the Stockholm headquartered developer of Just Cause, theHunter and Mad Max, has secured over $10 million in investment from Scandinavian media company Nordisk Film, which will make the operator a minority interest stakeholder in the company.This investment allows us to further accelerate toward our goal of developing and self-publishing more high quality games.

Mail.Ru founds Game Investment division

Mail.Ru founds Game Investment division Strategies for the funds include royalty investments and direct M&A activity.Those who receive funding will be brought into the fold of Mail.

Tencent splashes $142.2m on Chinese developer Seasun

Tencent splashes $142.2m on Chinese developer Seasun The China-based developer was at the centre of a number of acquistions, which resulted in Tencent taking a 9.The acquisition was actually orchestrated in two parts by the firm's subsidiary Image Frame Investment, Pocket Gamer reports.

CD Projekt 2016 Financial Results Summary

CD Projekt 2016 Financial Results Summary In case you were curious about the financial state of CD Projekt Group, this article on their official website provides a quick summary of 2016's financial results.The biggest standout there is that The Witcher series have sold over 25,000,000 copies to date.

Remedy Entertainment is planning an IPO

Remedy Entertainment is planning an IPO The planned listing and IPO, which Remedy announced this morning, is estimated to take place next month.The company said the main purpose of its plan is to "execute Remedy's growth strategy and cover the company's development and commercialisation expenses.

Nintendo Switch sold 2.76 million units in March alone

Nintendo Switch sold 2.76 million units in March alone The company said that the difference was down to better than expected shipments of the Switch, which sold 2.7 million units in March alone.

Capcom full-year sales rise to $782.9m

Capcom full-year sales rise to $782.9m Japanese publisher Capcom has released its full-year financial results, showing growth almost across the board and overall net sales of more than �‎87.For the 12 months ended March 31st, 2017, operating income was up 13.

Mobile start-up Mech Moca raises $5m

Mobile start-up Mech Moca raises $5m Globally Accel has a wealth of experience in the gaming space.With Shunwei, we aim to learn from the massive Chinese gaming market and introduce Chinese mobile games to the Indian audience," says Arpita Kapoor, CEO and Co-founder, Mech Mocha.

Xbox Live lifts Microsoft's Q3 Gaming revenue by 4%

Xbox Live lifts Microsoft's Q3 Gaming revenue by 4% The driver of that growth was Xbox Live, with Q3 software and services revenue up 7% over the prior year.The only other solid figures related to Gaming that Microsoft offered were a 13% rise in the number of Xbox Live users, from 46 million to 52 million active accounts.

Breathing In: The Industry in Consolidation

Breathing In: The Industry in Consolidation The reason the Vivendi / Ubisoft drama is of interest, I'd argue, is because it's not happening in isolation.It's part of a broader trend of consolidation that's engulfed the industry over the past few years and shows no sign of slowing down.

Sony expects PS4 sales to slow as console nears 60m units

Sony expects PS4 sales to slow as console nears 60m units 7 billion in revenue, a 6% increase over the year before.2 billion, a more significant 53% increase over the prior year, largely due to cost reductions on PS4 hardware and rising software sales.

MTG ups InnoGames stake to 51%

MTG ups InnoGames stake to 51% 6 million in InnoGames, raising its stake in the German free-to-play publisher to 51%.6 million investment has made that prospect a reality, and is based on the same €260 million valuation of InnoGames as last October.

Julian Gollop's Phoenix Point funded within a week

Julian Gollop's Phoenix Point funded within a week The latest project from experienced developer Julian Gollop has smashed its crowdfunding target in less than seven days.The Fig campaign for Phoenix Point stated an initial goal of $500,000, and just under 7,000 backers have driven the total raised above that within the first week.

Wavedash Games secures $6m in Series A funding

Wavedash Games secures $6m in Series A funding A studio founded by former Riot, EA and Blizzard developers has completed a crucial round of funding to the tune of $6m.The investment was led by March Capital Partners, with six other venture capital firms also contributing.

Xsolla Capital to fund Unreal Engine 4 projects

Xsolla Capital to fund Unreal Engine 4 projects Xsolla Capital and Epic's mutual goal is to foster success for independent developers who want to self-publish their visionary games.Under the terms of the collaboration, Xsolla Capital will support UE4 developers with financial and marketing resources for the development of their projects in addition to covering the costs of custom Unreal Engine licensing, which reduces royalties and provides direct technical support via the Unreal Developer Network (UDN).

Zynga CEO: "We'll be profitable in the very near future"

Zynga CEO: "We'll be profitable in the very near future" It's been a little over a year since former EA executive Frank Gibeau took over as CEO of Zynga.Its mobile audience jumped up 16% y-o-y with 18 million DAUs, and indeed Zynga's transition from web to mobile continues as mobile revenue of $161.

Overwatch drives Activision Blizzard to record Q1 2017

Overwatch drives Activision Blizzard to record Q1 2017 Meanwhile, Activision's operating cash flow was over $400 million, up 22% y-o-y.Overwatch actually drove Blizzard to its biggest Q1 online player community in its history with MAUs of 41 million, representing a 58% jump over last year.