FREEMIUM GAMES
Chinese video game ‘Black Myth: Wukong’ is an instant global hit, what is it all about?
Game Science, a Tencent-backed startup, made a video game called Wukong. The majority of Chinese games are played on smartphones and PCs, but the original release of Wukong was exclusive to the Sony PlayStation 5 and PCs.
Nazara games subsidiary to acquire Ultimate Teen Patti IP from Games24x7
Nazara Technologies acquires Ultimate Teen Patti IP rights for Rs 10 crore from Games24x7. Nextwave subsidiary to expand casual freemium gaming with the acquisition, expecting deal closure within 90 days.
How Apple’s proposed changes could crumble the freemium model
The company will now allow developers to opt for the ‘new regime’ which lets users within the EU download apps and make purchases outside the Apple app store. It will also permit developers to distribute their apps via alternate stores, thereby also opting out of Apple’s in-app payment system.
Freemium game on: Hotstar to stream Pro Kabaddi League for free on mobiles
Disney+ Hotstar will offer free streaming of the Pro Kabaddi League season for mobile users in India starting December 2, 2023. The move follows the platform's successful cricket tournaments, that is the Asia Cup and ICC Men's ODI World Cup. During a league match of the World Cup between India and South Africa, the platform saw a peak concurrency of 4.4 crore viewers.
Candy Crush Saga hits $20 billion revenue milestone, says maker King
Candu Crush Saga pioneered the "freemium" model, in which the game is free but players can spend money to boost their performance or can watch ads to gain moves.
After Kamath brothers, Nazara to issue Rs 410 crore worth of shares to SBI MF
The gaming company will use the funds to invest in funding requirements and growth objectives of the company including for making strategic acquisitions and investments in various other companies, entities or gaming funds, the exchange filing said.
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Nazara CEO on esports and other key growth drivers in FY23
"For next few quarters – we expect esports to continue to build on the momentum of Q4 and with opening of offline events and growth of D2C biz with M&A of Wings and Planet Super Hero will be key drivers of growth in Nodwin while launch of new sports in US will be key driver of growth in SportsKeeda. We expect skill-based real money gaming to emerge as a growth driver on its own steam. M&A will drive scale of freemium as well as skill based real money gaming."
Our esport segment contributing 50% plus revenue now: Manish Agarwal
“Nazara’s track record is about investing in these companies not just the money but amount of time and strategic intent and then growing them very fast. Our track record of creating value has been phenomenal. Look at Nodwin. We took roughly Rs 17-18 crore of revenue in January 2018 and this year it will finish at Rs 210-214 crore.”
Nazara Technologies acquires 55% stake in adtech firm Datawrkz
In the first tranche, it will acquire a 33% stake for Rs 60 crore, of which Rs 35 crore is partly payable in cash and the balance Rs 25 crores will be paid either in cash or share swap by April 2022.
Nazara is not a very capital hungry business; we are able to self-finance growth: MD
They are all cash flow generating businesses for us. So we are not very hungry for capital. We are able to self finance the growth but it goes without saying that if we have an opportunity which can use large capital, there is a lot of it available for us.
Nazara Technologies Q1 results: Co posts net profit at Rs 14 cr
Its revenue during April-June 2021 jumped 45 per cent to Rs 131.2 crore, compared with Rs 90.5 crore in the year-ago period.
Rakesh Jhunjhunwala-backed Nazara Technologies to acquire gaming firm PublishMe
India's Nazara Technologies will invest about Rs 20 crore for acquiring 69.82% stake in Publishme’s parent Arrakis Tanitim Organizasyon Pazarlama, by way of primary and secondary transactions via its subsidiary.
Nazara grey market premium at 71%, hints at strong listing
Nazara, where Big Bull Rakesh Jhunjhunwala holds a 10.82 per cent stake, would be the first gaming company to list in India.
India among top 5 markets for mobile gaming
Even on very popular games like Candy Crush and Clash of Clans, less than 1% of daily active users do in-app purchases in India, which resulted in the game publishers opting for freemium model.
Nazara Games and Royal Challengers Bangalore launch RCB Epic Cricket mobile game
RCB Epic Cricket is currently designed to be played in three modes, including multiplayer mode, live events and career mode.
Indian online gamer base to almost triple by 2021: Google
While projecting the gamer base to grow, the report has also estimated the industry to be worth $1 billion by 2021.
India to have 310 million online gamers by 2021: Report
It also projects that the online gaming industry in India will gain momentum and grow at 20 per cent to $1 billion by 2021, from the current $360 million.
Matrix Partners earns 20 times returns after selling its stake in online rummy gaming company
The venture capital firm is said to have made over Rs 257 crore on its seven-year-old investment, as the Canadian investment firm Clairvest picked up a majority stake in Ace2Three for $74 million (Rs 474 crore) last week.
Quikr's online recruitment firm Hiree switches to freemium model for quick growth
Hiree is looking at the freemium model as a way to attract more jobs online and therefore drive growth. The company is targetting a growth of 3x in the next 12 months through this model alone.
Playizzon launches one of its kind game ‘Sachin Saga Warm Up’
As part of the association, Sachin Tendulkar will train the players to gain expertise in playing the game.
PlayIzzOn to launch mobile game with 'Being Salman' as theme
The game, which its makers say is the first non-movie based Bollywood game, would be launched on August 26.
Angry Birds to win over elders under new chief Wilhelm Taht
It’s the most-downloaded freemium game in the world, and a game that people from all walks of life have spent hours and hours playing obsessively.
Top-selling iPhone apps you've never heard of
Here's a look at some of the highest-grossing iPhone apps, as measured by Apple, around the globe on June 2015.
Here's how 'Clash of Clans' app makes $1.5 million a day
The mobile game "Clash of Clans is free to download and free to play, so how does it pull in an unheard of $1.56 million revenue everyday?
Nazara Tech places its first gaming bet in casual gaming startup HashCube
The Mumbai based company opened a Rs 4.2-crore funding round in casual gaming startup HashCube, with other investors including San Franciscobased entrepreneur Perry LaForge.
Microsoft planning to go Indian big time with Bollywood movies on Xbox One and EMI schemes
Xbox will be available for Rs39,990, while the model with Kinect, an interface that allows the use of gestures to play games, will cost Rs45,990.
Mobile game developer Nazara Technologies gets exclusive rights to develop games based on Bollywood titles
Nazara Technologies has got exclusive rights to develop games based on Bollywood titles such as Bang Bang, Finding Fanny and Bombay Velvet.
Freemium model facing billing challenges in India: Manish Agarwal, Reliance Entertainment Digital
The Indian mobile gaming market is about $120 m and it is largely pushed through value-added services where one has to pay to download.
Free mobile games forcing Indian developers to change technology & pricing formats
Personal entertainment devices are forcing game developers in India to change tacks and shift the focus of their business models away from the PC.
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