FREEMIUM GAMES
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.
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."
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.
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.
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 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.
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.
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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