Royal Match won’t surrender the lead to Candy Crush
Royal Match by the Turkish developer Dream Games first rattled Candy Crush’s throne in July. The game surpassed Candy Crush both in revenue and downloads, and it’s about to end the year at the top rank.
China tightens its grip on the game industry, giants’ shares plummeted
Chinese regulators have unveiled a set of rules aimed at curbing spending and reward mechanisms associated with video games, dealing a setback to the world's largest gaming market, which witnessed a resurgence in growth this year. The development hit the Chinese-based market giants hard. Tencent and NetEase shares dropped 16 and 25%, respectively.
Ludo.ai introduces AI-supported gameplay video generator
Thanks to Ludo.ai's video generator, developers can create gameplay videos with existing images, videos, and text prompts.
Lisbon launches Gaming Hub to support and expand the game industry
Following the success of Lisbon's scale-up program, which earned it the European Capital of Innovation award, Unicorn Factory Lisboa has officially opened the Gaming Hub, marking a new phase in its strategy to establish innovation centers for high-growth industries.
Overwolf paid $201 million to in-game creators in 2023
In 2023, Overwolf, the all-in-one platform for creating, sharing, and monetizing in-game apps, mods, and private game servers, disclosed a payout of $201 million to in-game creators, a notable increase of 25% from the previous year.
Saudi Arabia pushes aggressively to become a significant esports hub
Saudi Council of Ministers officially agreed to establish a new authority, The Saudi Video Games & Esports Authority.