Business of Games:🔊 Shout out to new studios, and game funds… (Nov 2022)

4th week:

1. Playtika announces $25m investment into Turkish dev Ace Games
2. Aoca Game Labs receives investment from Google Play’s Indie Game Fund
3. NetEase Invests in Ex-CD Project Red Developers’ Rebel Wolves
4. City State Entertainment raises $15M to fund games with massive medieval battles
5. X-Flow invests $6 million in casual developer Plummy Games after Star Merge launch
6. Fenix Games raises $150M for blockchain game publishing
7. Formation Games are a new studio with talent from the worlds of game dev and soccer
8. Gamitronics & Big Viking Games announce strategic partnership
9. Turkish startup UGC90 receives funding from The Sandbox

3rd week:

1. Landmark Games raises $4.6m for co-op title Sea of Souls
2. Thunderful acquires Jumpship as studio launches debut title Somerville
3. Yahaha raises $40M more for its user-generated, low-code immersive gaming platform
4. Ex-Epic devs raise $4.1m for new studio Noodle Cat
5. Luckmon amasses $1.3M to expand its casual game library
6. Methodical Games has assembled a team of veterans and raised $15 million to create a multiplayer action-adventure game
7. Zynga’s Rollic buys German mobile game studio Popcore
8. Immersive Gamebox raises $20 million, receives new patent
9. Gearbox acquires Risk of Rain IP
10. Heroic Story raised $6M for a web3 TTRPG
11. Eschatology Entertainment raised $4M
12. Astrid Entertainment receives “high seven-figure” investment
13. Luckmon amasses $1.3M to expand its casual game library

Earnings: Embracer | Nvidia | Aristocrat

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2nd week:

1. NCSoft provides $15 million to Web3 developer Mysten in new partnership
2. Everybuddy Games raises $15 million in Series A Funding Round and is on a mission to build mobile games
3. Theia Studios raises $2.4M for a Web3 creator platform on real-time strategy games
4. VIKER raises $4.1 million to fund future Play-and-Earn mobile growth
5. Anything World raises $7.5 million to make 3D content creation more accessible than ever before
6. Krafton plans to acquire The Ascent developer Neon Giant and open new studio in Canada

Earnings report from Roblox | Unity | AppLovin | Bandai | Nexon | Square Enix | Nintendo

1st week:

1. Netflix has acquired its sixth gaming studio, Spry Fox
2. Ex-Pokémon Go devs form self-funded studio Bodeville Games
3. Frontier acquired Complex Games
4. Hypercasual developer Tapnation partners with Ternoa on blockchain prizes
5. Room 8 Group closes acquisition of PUGA Studios
6. ForeVR raises $10M to become the Wii Sports of VR
7. Playgig has raised $10.85 million in seed funding for a cross-platform gaming studio headed by ex-Riot Games exec Bruno Schirch.
8. NetEase takes minority stake in Liquid Swords
9. Misfits Gaming Group is announcing a $20M creator fund alongside an announcement that it’s working with The Streamer Awards’
10. Wildlife Studios unveils new affiliate 8-Bit Bandits, led by industry vets
11. Freedom Games raises $10M to publish indie games
12. Microsoft participated in a funding round for WeMade
13. 1047 Games bought anti-cheat software EQU8
14. Blockstars raised $5M in a round led by Play Ventures (congrats Niko!!)

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