Gaming giant Embracer snaps up Lord of the Rings rights in bargain deal August 18, 2022 In a clear defiance to the slowing M&A landscape, Embracer Group has snapped up the intellectual property rights to The Lord of the Rings and The Hobbit literary works, as well as five other firms in a £645.7m deal.
Playtech reports promising quarter but remains ‘cautious’ of uncertain macro backdrop May 5, 2022 Gaming software Playtech posted a promising start to the year this morning, with with Adjusted EBITDA for the first three months of more than €100m.
Call of Duty maker Activision Blizzard fights off shareholder lawsuit following alleged sexual harassment April 21, 2022 US judges have dismissed a lawsuit from Activision Blizzard shareholders alleging the Call of Duty maker had lied to them by minimising the impact of allegedly widespread sexual harassment and discrimination against female employees.
My Little Pony turned Dungeons & Dragons: Hasbro snaps up D&D Beyond for £111m April 13, 2022 Play-Doh and My Little Pony maker Hasbro has snapped up fan favourite Dungeons & Dragons creator D&D Beyond for $146.3m (£111.7m).
UK techies splash out record £7.16bn on consoles and games March 31, 2022 UK's gamers spent a record amount on video games in 2021, beating the previous high set in the peak of the pandemic.
Streamer turned gamer: Netflix snaps up Walking Dead publisher Next Games in £54m deal March 2, 2022 Netflix becomes the latest tech firm to pivot into the world of gaming, with the streaming giant announcing its acquisition of Finnish firm Next Games in a €65m (£54m) deal.
Gaming titans call on greater gaming UK investment amid foreign takeovers February 28, 2022 Gaming veterans Sir Ian Livingstone and David Braben have called on the UK to ramp up its investment in the gaming industry following a sweep of foreign snap-ups. Livingstone, who was behind Tomb Raider’s Lara Croft, told the Financial Times in an interview: “You’ve seen how many companies have just sold out earlier than they [...]
UK videogame investment booms with M&A hitting £1.9bn in 2021 January 31, 2022 The UK gaming industry flourished in the past year, as the pandemic turned gaming into a social activity, expanding demographics and a widening its consumer base. M&A deals for UK video game makers hit £1.9bn in 2021, a 63 per cent increase on the £1.2bn in 2020, according to research from accountancy and business advisory [...]
League of Legends studio pays £74m in gender discrimination damages December 28, 2021 League of Legends studio Riot Games has agreed to pay $100m (£74.3m) to settle a 2018 class-action gender discrimination case.
Don’t switch off yet: TV’s ‘water cooler moments’ and 150m subscriptions cancelled in 2022 December 1, 2021 The technology, media and telecommunications (TMT) practice at Deloitte, has today announced its predictions for the sector in 2022, which includes gaming, wearable devices and TV streaming.