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China considers revising gaming rules after tech giants lose billions

Al Jazeera

Chinese authorities have said they may revise newly drafted online gaming rules shortly after the planned restrictions caused major tech companies to lose billions of dollars. State broadcaster CCTV reported on Saturday that the authorities have heard the "concerns and opinions raised by all parties", adding that "the State Press and Publication Administration will study them carefully and further revise and improve them", referring to the media regulator. The authorities released a draft on Friday with a wide range of rules and regulations aimed at curbing online spending and rewards in video games. Its impact was immediate, dealing a massive blow to the world's biggest games market. Investors went into a tailspin, leading to as much as $80bn in market value being wiped off from China's two biggest companies, industry leader Tencent Holdings and Netease.


UK blocks Microsoft-Activision gaming deal, biggest in tech

Al Jazeera

British antitrust regulators on Wednesday blocked Microsoft's $69bn purchase of video game maker Activision Blizzard, thwarting the biggest tech deal in history over worries that it would stifle competition for popular titles like Call of Duty in the fast-growing cloud gaming market. The Competition and Markets Authority said in its final report that "the only effective remedy" to the substantial loss of competition "is to prohibit the Merger." The companies have pledged to appeal. The all-cash deal announced 15 months ago faced stiff opposition from rival Sony, which makes the PlayStation gaming system, and also was being scrutinised by regulators in the United States and Europe over fears that it would give Microsoft and its Xbox console control of hit franchises like Call of Duty and World of Warcraft. The UK watchdog's decision "came as a surprise to most people" and heightens global uncertainty over the deal, said Liam Deane, a game industry analyst for research firm Omdia.


Insights into Artificial Intelligence in Video Games Market In-detail Analysis till 2027 & COVID-19 Effect on Industry - The Manomet Current

#artificialintelligence

This Artificial Intelligence in Video Games market report is a summary of studies based on worldwide market possibilities & growth, business constraints, and recent limitations in the market. Several parts of the organization are explored in the worldwide market business, including application developers, present advancements, methods and resources that allow in greater understanding of the sector. This Artificial Intelligence in Video Games Market research serves as a model report for newcomers, providing information on upcoming trends, product categories, and growth size. It not only represents the present market situation, but this also focuses on the effect of COVID-19 on growing and developing market. The important companies can increase their profits by investing wisely in the market, as this research outlines the most effective marketing techniques.


Founder of Worms maker Team17 in line for £50m windfall

The Guardian

The founder of the Yorkshire-based video games company behind hits such as Worms is set for a £50m windfall from a stockmarket listing valuing the business at up to £230m. Debbie Bestwick, 48, founded Team17 in 1990 and her stake will be worth approximately £100m when the company floats on Aim this month. Bestwick, who received an MBE in 2016 for services to the video games industry, intends to sell up to 50% of her shareholding in the flotation. Bestwick has positioned the Wakefield-based business as a champion of independent games developers. In the "about us" section of Team17's website it describes itself as "a games label created by independent developers for independent developers".


China's Fuze Tomahawk F1 Game Console Is Pretty Much A PS4, Xbox One Ripoff

International Business Times

If imitation is the sincerest form of flattery, Sony and Microsoft may be a bit embarrassed by Tuesday's reveal by China's Fuze Entertainment. The Fuze Tomahawk F1 is an Android-based game console that features the design of the PS4 hardware along with a controller that's eerily reminiscent of the Xbox One wireless controller. The console's operating system also bears a striking resemblance to the PlayStation Network. Fuze Entertainment is a new venture formed by former employees of Tencent, Huawei and Nvidia, according the ZhugeEX blog. In China, cheaper Android-based mini-systems that are designed to be family-centric entertainment machines capable of streaming TV shows or playing games is preferred over dedicated game systems in the burgeoning console market.