Swedish eSports and gaming firm MTG has agreed to sell ESL Gaming to Saudi-backed Savvy Gaming Group at an enterprise value of $1.05 billion (€0.93bn). MTG, which owns 91.46 per cent of ESL Gaming, corresponding to $960 million, said it was expecting net proceeds of around $875 million from the deal, including transaction-related costs. It […]

Netflix has confirmed an upcoming ‘universe’ expansion based on hit Korean drama Squid Game. Netflix co-CEO & chief content officer Ted Sarandos told analysts that the streamer is planning another season of Squid Game, and more. “The Squid Game universe has just begun,” Sarandos said, adding that he expected it to also generate income from […]

Rogue Games has launched its open-world, card adventure game, Arcanium: Rise of Akhan on Netflix. The single-player title blends popular roguelike and deckbuilding genres into one package. Players will trek across a fully 3D procedural map where they make strategic choices that alter the experience in various ways. “We’re thrilled to bring this best-in-class open-world […]

Microsoft Corp has confirmed it will buy Call of Duty videogame maker, Activision Blizzard, for $68.7 billion (€60.4bn) in cash, making the Xbox manufacturer the third-largest gaming company by revenue. Microsoft’s offer is a premium of 45 per cent to Activision share price last week. Shares of Activision were up nearly 38 per cent at […]

OTT services will aim to grow their subscriber bases in 2022 by focusing on markets beyond North America and Western Europe and diversifying their content offering, according to industry experts at Ampere Analysis. After the pandemic disrupted filming schedules and with the fierce competition between the SVoD platforms, a large quantity of new high-quality Scripted […]

TIGA, the trade association representing the video games industry, has released a Business Opinion Survey (BOS) which shows that 68 per cent of respondents plan to grow their organisation’s workforce during 2022. Additionally, 70 per cent of respondents consider that the UK has a favourable business and economic environment for the games industry. TIGA’s research […]

Diverging from the sharp gain in momentum in advertising and marketing spending in 2021, consumer time spent with media registered a more modest uptick, similar to pre-pandemic trends through 2019 when signs of device penetration saturation began to emerge, according to research by PQ Media, a media economist. Global consumer media usage, including all digital […]

Mobile continues to dominate as consumers spent a record 3.8 trillion hours on mobile in 2021, according to mobile data and analytics company App Annie’s State of Mobile 2022 report. “Mobile is the Greatest of All Time and the go-to device of the future,” asserts Theodore Krantz, Chief Executive Officer. “The big screen is slowly dying […]

Global cloud gaming service Antstream Arcade has announced its support for the Indie Development community with an array of partnerships which aim to help Indie developers reach its retro gaming audience. The initiative will see new games developed for retro consoles and hardware join the cloud gaming library of more than 1,200 retro games. Games […]

Video game convention E3 will not be held as an in-person event in LA in June 2022, for the third year in a row. The decision was due to health risks surrounding Covid-19 and the “safety of exhibitors and attendees”, said organisers the Entertainment Software Association (ESA) Last year the event was held digitally with […]