Game industry veterans from Naughty Dog, Electronic Arts, Infinity Ward, & more have established That’s No Moon Entertainment for AAA titles. For its debut action-adventure project, the development studio is backed by a $100 million investment from Smilegate, a South Korean developer & creators of the CrossFire first-person shooter series.

The new sub-sector is on fire! Last year, cloud gaming generated $633 million in revenue. But by 2022, it will grow 58% to a billion+. This is remarkable growth considering just a few years ago, cloud gaming did not even exist.

The deal, referred to as “a comprehensive partnership” gives Golden Nugget operator access, while Boom receives exclusivity to build a games library for Golden.

A new record. In the United States alone, revenues are expected to reach $30 billion, also a record, representing 11% year-over-year growth.

The report covers the gaming industry up through now, with projections into 2027. Its primary focus is on mobile gaming and eSports.

In its Q2 2021 earnings report, Netflix confirmed it will primarily focus on mobile gaming as they begin their push into gaming. The company plans to expand on its interactivity projects like Black Mirror Bandersnatch & its Stranger Things games, at no additional cost to their subscribers.

The deal, announced last week, is valued at up to $25.8 million. Animoca acquired the developer for a total of $6.6 million in cash and stock. However, should Blowfish reach certain employment and performance goals, an additional $19 million in payments will be made, valuing the company (performances included) at $25.8 million.

In response to this suit, employees at the main campus in Irvine, CA staged a walkout to highlight their backing of the California suit and support for employees who may have been affected by the allegations.

Startup gaming platform company, Sketchfab, has been acquired by Epic Games. The New York based company has been building a platform that allows gamers to download, upload, share, view, buy and sell 3D assets, making them a leader in web-based 3D file storage.

Tencent has acquired an additional two companies and announced a new overseas development studio in Montreal, Canada. Tencent announced it had agreed to acquire British developer, Sumo Group for $1.26 billion, then a day later announced its majority stake in Swedish company, Stunlock Studios at an undisclosed amount.