MCV/DEVELOP News, events, research and jobs from the games industry
The combined revenue of the world’s largest 25 video games companies hit $70.4bn in 2016, representing a year-on-year increase of 17 per cent. Newzoo’s Global Games Market Report reveals that the largest of these was Tencent, whose $10.2bn revenues accounted for 10 per cent of this total. That would actually …
Read More »Riot Games owner Tencent posts $21.9 billion in revenue for 2016
Tencent, the Chinese tech behemoth, and owner of League of Legends developer, Riot Games, has reported it made $21.9 billion in revenue for 2016. Diving deeper into thefinancial report for the year 2016, which was released today, Tencent report that “online games revenues grew by 16% YoY [year on year]” …
Read More »Tencent takes number 1 spot on 2016 top-earning mobile publishers list
List provided by mobile analytic experts App Annie
Read More »Riot to host a third international League of Legends competition
During a press conference in China, Riot Games revealed that it plans to host a third international LoL tournament this year. According to Yahoo eSports, Rioter Ye Qiang revealed that the company will host a new international competition in July this year. Further details are not known but he did …
Read More »Tencent form consortium to complete Supercell takeover
Consortium brings together $850 million to complete $8.6 million deal
Read More »Supercell will continue to operate independently after Tencent acquisition
CEO Ilkka Paananen talks up the benefits of long-rumoured deal
Read More »Tencent acquiring Supercell in $8.6bn deal
SoftBank to relinquish stake in Clash of Clans developer, now valued at $10.2bn
Read More »Tencent to buy Clash of Clans maker Supercell for $8.6bn
Chinese games giant Tencent has just spent big to buy Clash of Clans developer Supercell. The $8.6bn purchase was confirmed by the studio itself following a report by the Wall Street Journal. For that sum, the media giant will purchase a 84.3 per cent state in the Finnish developer. The …
Read More »Tencent grabs 5% stake in Paradox
Chinese gaming giant Tencent has spent around 14.3m to acquire a five per cent share of Paradox Interactive. The deal values the company at approximately 286m. Paradox CEO Fredrik Wester stays on as a key shareholder with a 33.3 per cent share of the company. Investment firm Splitan owns 30.5 …
Read More »Tencent could be buying SoftBank’s stake in Supercell
Chinese giant rumoured to be interested in taking majority share of Clash of Clans dev
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