MTG has completed the previously announced acquisition of 100 per cent of US games publisher and developer Kongregate Inc. for an Enterprise Value of $55 million (€47.2m). Jørgen Madsen Lindemann, MTG President and CEO: “Consumers now spend almost a third of their mobile device time playing games, and Kongregate is a great fit with our […]
Games software/hardware combined are set to drive more than $150 billion (€129.85bn) revenue for the first time ever in 2017, with software taking around three-quarters and hardware around one-quarter of the total, reports Digi-Capital. With a compound annual growth rate (CAGR) of 7.9 per cent for the next 5 years, games software/hardware combined could top […]
Research from Parks Associates reveals challenges manufacturers face as they seek to drive higher rates of purchase in the connected consumer electronics (CE) markets. 360 View: CE Adoption & Trends notes that while consumer intentions in 2017 mirror the levels of the previous two years, the long-term trend shows lower percentages of households buying CE […]
DFC Intelligence released its latest global game industry forecasts. With new hardware systems from Nintendo, Microsoft and Sony along with continued growth of mobile and PC games, the video game industry is expected to reach record sales of $102 billion this year, up 8 per cent over 2016 that represents a significant milestone for the […]
Minute Media, a global fan-driven sports media business, has announced the launch of its newest brand, esports platform DBLTAP. DBLTAP features interactive, short-form esports video and editorial content along with tournament highlights and exclusive access through partnerships with ESL, E-League, DreamHack and Fnatic, all with a focus on the global esports fan. “As with our […]
Moving with the esports tide in the Spanish TV market, Vodafone Spain has launched a dedicated channel on Twitch, the Amazon-owned streaming platform. The Esports Vodafone channel daily broadcasts from 15:00 to 23:00 featuring gaming news, entertainment and educational programming. Esports Vodafone will also air Esports Academy, with tutorials and advice from esports professionals. Other […]
MTG is acquiring 100 per cent of US games publisher and developer Kongregate from current owner GameStop Corp. for an Enterprise Value of $55 million (€49.3m). The transaction is subject to regulatory approval and completion of certain other closing conditions. San Francisco based Kongregate was founded in 2006 and has 80 employees. Kongregate started as […]
Skybound Entertainment, the entertainment company founded by The Walking Dead creator Robert Kirkman and David Alpert, is partnering with Skydance Interactive, to create VR games based on The Walking Dead universe. The announcement was made during the Electronic Entertainment Expo. The companies say the first game of the multi-year deal will be based in a […]
The global video games software market will exceed $100 billion this year, driven by phenomenal growth of both mobile and PC and new console launches from all three of the major players providing stimulus to the category finds Futuresource Consulting in its new Games Insights Market Report. Consumer spending on mobile gaming will account for […]
Consumers worldwide increasingly depend on smartphones to access digital content and tend to go online to purchase video games, movies and books, according to the latest State of Digital Downloads research report – based on a survey of 3,500 consumers ranging in age, gender, and education in France, Germany, India, Japan, Korea, the UK, and […]