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Global Gaming Market Is Set to Reach $222bn in 2022
According to a new Data.ai report, the gaming market will reach $222 billion this year, with the mobile making up more than half of its revenues.
Chinese Games Market Generated $45.5 Billion in 2021
The major part of the total revenue was delivered by mobile games.
Firestoke Raised $2.2 Million in a Seed Funding Round
The publisher will use the capital to grow its game portfolio and expand the team.
Take-Two Has Officially Acquired Mobile Games Giant Zynga
Gaming giant Take-Two has completed its $12.7 billion acquisition of Zynga, a game developer best known for its mobile online games like FarmVille and Words With Friends.
Electronic Arts Is Reportedly Seeking a Sale or a Merger
EA has reportedly had acquisition talks with "a number of different potential suitors" including Disney, Apple, and Amazon, and most recently NBCUniversal.
36 Out of the Top 100 Downloaded Mobile Games in 2021 Were Hypercasual
Hyper-casual was also the most downloaded genre during the past year.
Blizzard Is Sued Over Hearthstone Card Packs
An Arizona resident has filed a lawsuit over Hearthstone card packs claiming that Blizzard is using misleading tactics to force minors to "pay real-world currency to gamble on winning in-game items".
Embracer's Gaming Sector Saw an Expected Decline
The company released the financial results for Q4 and the full fiscal year 2022 reporting growth in net sales and operating profit, although it recorded an expected decline in the gaming sector.
Andreessen Horowitz Launches a $600m Fund for Gaming Investments
The new fund will invest in game studios, gaming infrastructure companies, and consumer gaming software providers.
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