31, May 2024
Esports Jerseys Craze & Roblox’s Indian Adventure

Tencent Sharpens Focus on Evergreen Games Amid Domestic Market Maturation

Tencent Holdings is refocusing on “evergreen” games, prioritizing steady revenue over frequent new releases as China’s gaming market matures. Tencent’s senior vice president, Steven Ma Xiaoyi, that the company is now canceling projects that don’t dominate their genre. This move comes after Tencent’s domestic gaming revenue dropped 2% in Q1 to 34.5 billion yuan ($4.8 billion USD), while overseas revenue grew 3% to 13.6 billion yuan ($1.9 billion). Their strategy now favors long-term investments, aiming to sustain flagship titles like Honour of Kings and Peacekeeper Elite, while new hits like  Dungeon & Fighter (DnF) Mobile drive fresh revenue.

Supercell Targets New Gamer Groups with First Launch in Five Years

Helsinki-based Supercell is targeting new gamer demographics with its first product launch in over five years, . The mobile game developer, majority-owned by Tencent, aims to attract players of all ages and genders with its new game, Squad Busters. Known for hits like Clash of Clans, which has earned over $10 billion since 2012, Supercell seeks to expand its audience amid rising competition. “We want to create games that as many people as possible play for as long as possible,” Paananen stated, emphasizing the company’s commitment to inclusivity and broad appeal in gaming.

Sony’s PS5: Most Profitable PlayStation Console Ever

In its 2024 , Sony unveiled that the PS5 has achieved $106 billion in sales and $10 billion in operating profit since its 2020 launch, making it the most profitable PlayStation console ever. The PS4, previously Sony’s most successful console, garnered $107 billion in sales and $9 billion in operating profit over seven years. Since 2020, the PS5 has sold 56 million units and according to Sony, users on the platform are spending more money (+176%) on add-on content, (+57%) on services, and (+34%) on peripherals. Users, however, are spending 12% less money on full games

Netflix and Mojang Announce New Minecraft Animated Series

Netflix and Mojang Studios, in collaboration with WildBrain, have featuring an original story and new characters. The release date is yet to be confirmed. WildBrain has co-developed series like Sonic Prime for Netflix. Meanwhile, the live-action Minecraft movie, starring Jack Black, Jason Momoa, and Jennifer Coolidge, is set for April 4, 2025, after delays from its original March 2022 release date.

Dubai Investor Koshy Vinod Acquires Significant Stake in Guild Esports

British esports organization Guild Esports disclosed that Dubai-based investor Mr. Koshy Vinod acquired 66.7 million shares, totaling 8.28% of voting rights. This makes Vinod the third-largest shareholder. , the shares were part of a £250,000 Convertible Loan Note Agreement with Compassare Holdings. Vinod, chairman of Compassare Holdings, acquired the shares as part of this agreement. Guild Esports emphasized its strategic focus on the MENA region, bolstered by this and previous investments.

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