Taking action against the Tamil Nadu government’s ban on online gaming, the E-gaming Federation (EGF) is set to challenge the new law citing that it categorizes rummy and poker as games of chance. In a statement, Sameer Barde, CEO of EGF, said: “After examining the Ordinance, we have decided to file a lawsuit as it categorises … Read more
The ministry of information and broadcasting issued two advisories, for private television channels and digital news publishers and OTT platforms on Monday, asking them to refrain from showing advertisements, including surrogate ads, of online betting sites, calling them a significant financial and socio-economic risk for consumers. The ministry has said that online offshore betting platforms … Read more
Jio is investing $200 mn into Glance. Key points to note – Glance, founded in 2019 is a subsidiary of inmobi. Glance has two platforms: Roposo – creator led live entertainment commerce Glance – live entertainment, commerce and gaming on mobile lock screen For it’s investment, Jio willl get about 17% stake in Glance, implying … Read more
Nazara plans to acquire 55% of Dataworkz, a digital advertising company. Key points to note – Dataworkz was founded in 2013 by Senthil Govindan, an IIM Ahmedabad Alumnus. For the calendar year 2021, it reported Revenues of Rs 90.7 Cr and EBIDTA of Rs 11 crore. As the net profit number is not disclosed, very … Read more
Activision owns Blizzard and King, and Microsoft will acquire those companies as well in the deal. Microsoft is buying Activision, the major video game publisher behind the “Call of Duty” franchise, in a deal valued at nearly $70 billion. It’s the largest video game acquisition in history, and Microsoft’s largest acquisition as a company. Developing … Read more
Company classifies it’s business into four segments – eSports, Gamified Early Learning, Freemium Gaming and Real Money Gaming (RMG). As of now about 80% of company’s business is accounted for by first two and RMG is insignificant at about 2-3%. It’s a stated expectation of the Company that over years, it expects the business to … Read more
Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company … Read more