Sources: Riot Games is working on a major overhaul of League of Legends, internally called League Next, for 2027; Riot confirms a big update is in the works
Cecilia D'Anastasio / Bloomberg :
Microsoft raises its Xbox Game Pass Ultimate subscription price from $19.99/month to $29.99/month, rebrands Xbox Game Pass Core and Standard plans, and more
so GameStop claps back with this price-freezing deal Moz Farooque / TheStreet : Microsoft's harsh decision frustrates gamers Pure Xbox : ‘Price Increases Are Never Fun For Anybody’ Says Xbox Exec Defe...
Studios like Do Big are buying Roblox games for $1M+ in a thriving secondary market; Naavik: seven of the 15 highest-earning games in June have been acquired
Cecilia D'Anastasio / Bloomberg :
Roblox reports Q1 revenue up 29% YoY to ~$1B, Bookings up 31% YoY to ~$1.21B, above $1.11B est., and DAUs up 26% YoY to 97.8M, above 93.3M est.; RBLX jumps ~4%
Cecilia D'Anastasio / Bloomberg :
Google, OpenAI, Roblox, and Discord raised $27M+ to provide free, open-source tools for improving child safety online, called Robust Open Online Safety Tools
Cecilia D'Anastasio / Bloomberg :
More than half a dozen celebrity video game streamers returned exclusively to Twitch in 2024, after their multimillion-dollar YouTube and Kick contracts expired
Cecilia D'Anastasio / Bloomberg : X: @cecianasta X: Cecilia D'Anastasio / @cecianasta : New: Streamers are returning en masse to Twitch after 7 and 8-figure content deals dried up. Twitch and YouTube...
Roblox plans to let creators keep 50% to 70% of revenue when their titles are purchased in real currency on desktop computers vs. 30% for purchases with Robux
will developers join paid tiers to help it reach the ‘next frontier’? Bryant Francis / Game Developer : Roblox rolls out higher-rev share plan for devs making premium games Carli Velocci / Digital Tre...
Take-Two announces a fall 2025 release date for GTA VI, reports Q4 bookings down 3% YoY to $1.35B, and lowers its FY 2025 bookings forecast from $7B+ to $5.55B+
Cecilia D'Anastasio / Bloomberg :
Twitch CEO Dan Clancy says big-money deals with top livestreaming gamers is not a “sustainable business”; sources: YouTube is also backing away from such deals
Cecilia D'Anastasio / Bloomberg :
PitchBook: VCs invested $700.3M in video game startups in Q3 2023, the lowest since Q2 2020; gaming attracted $2B+ for eight straight quarters through Q2 2022
Cecilia D'Anastasio / Bloomberg :