Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall
Microsoft, Sony and Nintendo each reported a fall in quarterly video game sales. The main reason? People are spending less
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Gaming software
Someone in Illinois won the $1.337 billion Mega Millions jackpot—the third-largest lottery prize in U.S. history
Lottery officials say a ticket bought in Illinois matches the winning numbers for the Mega Millions' $1.337 billion jackpot, which
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China remains the world’s largest e-sports market despite gaming crackdown
China remains the largest single-country market in the world with $403.1 million in e-sports revenue in 2021, Niko Partners said
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TikTok-owner ByteDance’s aggressive mobile gaming push is paying off as player spending grows
ByteDance has looked to aggressively expand into mobile gaming, an area that Tencent and NetEase have dominated in China. Source
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Gaming giant NetEase plunges nearly 7% after it delays release of Diablo Immortal in China
NetEase and Blizzard's move comes at a tough time for China's gaming sector which is only just emerging for a
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Sony and the Lego family bet big on the ‘metaverse’ with $2 billion investment in Epic Games
It comes after Epic and Lego announced plans to co-develop a "family-friendly" metaverse for kids. Source link
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Tencent shuts down its rival to Amazon’s Twitch months after China blocked key $6 billion gaming merger
Tencent said it will shut down its video game streaming platform Penguin Esports, citing a change in business strategy. Source
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Fortnite to shut down in China as Beijing intensifies video game crackdown
Fortnite to shut down in China as Beijing intensifies video game crackdown CNBC Fortnite Is Shutting Down Its Service In China
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