Games VC funding reaches new plateau after 72% YoY decline | PitchBook
Venture capital funding in games leveled out and established a new baseline according to PitchBook’s Q4 2023 Gaming Report. Over the last five quarters,...
Games corporate and VC funding falls 75% to $2.7B in 2023 | InvestGame
Private funding and M&A activity in the gaming industry slowed to a crawl in 2023 according to InvestGame’s latest report. Unlock premium content and...
Activision Blizzard added $2B in revenue to Xbox’s Q2 growth
Microsoft revealed during its latest financial earnings report that its Xbox gaming division has seen a dramatic increase in revenue after last year’s acquisition...
Activision Blizzard to settle CA unequal pay case for $56M
Edited at 7:45pm PT — The original version of this article incorrectly stated the settlement was related to sexual harassment, not unequal employment practices...
Games VC funding down 68% YoY per PitchBook Q3 report
The games venture capital market continues to contract according to PitchBook’s Q3 gaming report. Last quarter, VC firms closed 113 deals for a disclosed...
Gaming M&A deal count down 60% YoY per Drake Star report
In Q3 2023, gaming companies announced 33 M&A transactions worth roughly $5 billion according to Drake Star’s latest report. While announced deal value is...
Microsoft reorgs Xbox leadership following Activision acquisition
Microsoft is shaking up the structure and leadership of its Xbox gaming and marketing divisions shortly after its record-breaking $68.7 billion acquisition of Activision...
Microsoft completes its acquisition of Activision Blizzard King
After several months of grappling with federal investigations, Microsoft has closed its deal to acquire Activision Blizzard King. The console manufacturer officially acquired the...
Space Rock Games raises $1.2M to develop Criminals Within
Space Rock Games has raised $1.2 million for a video game studio working on a game called Criminals Within. Unlock premium content and VIP...
Over 6,100 gaming jobs have been cut in 2023 (so far)
Like many sectors, game developers have been cutting headcount due to economic uncertainty through out 2023. According to Farhan Noor’s videogamelayoffs.com, game developers issued...