About 150 game developers, hired by Google to make video games for its cloud streaming service, Stadia, have been laid off. This took place after the announcement made by Google to shut down its Stadia Games and Entertainment division earlier this month, just nearly two years of its launch. The creation of high-calibre video games was costly, and the process was too complicated. Stadia’s subscription wasn’t great either.
Apple consumers spent a record $1.8 bn on the App Store during the last week of 2020, an increase from $1.42 bn in the same period of 2019. Most of the purchasing happened between Christmas and New Year and went to games. 1 Jan set a single-day spending record of $540 mn, breaking the last record of $386 mn in 2020. Zoom and Disney+ were the most downloaded app. Apple has paid $200 bn to developers, up from $155 bn a year ago.
Paytm First Games, a subsidiary of Paytm, to create a launchpad for indigenous game developers and design studios in a bid to capture a larger share in homegrown game publishing space. The company has also set aside Rs 10 cr to fund this initiative. PFG will organise a series of events and hackathons to identify talented developers to curate games having the potential to be successful. It will focus more one games with Indian culture and folk tales.
Tencent said it would open a new office in Singapore that’ll be its regional hub for Southeast Asia. The move, adding a Singapore base to offices in Malaysia, Indonesia and Thailand, comes as Tencent presses on with global push despite recent app bans in India and the US. Southeast Asia is an important market for Tencent – both for games and its cloud. Recent reports stated that ByteDance was also looking to invest in billions in Singapore.