![]() ![]() U.K-based asset management firm Goodbody recently wrote in an equity research note that “2022 was a year of normalization in video gaming as players had other alternatives post COVID lockdowns with the added impact of regulatory constraints (in China),” but added that they have a positive outlook for video game producers this year. regulators blocking the deal last month unless Call of Duty, one of the portfolio titles is excluded from the transaction. ![]() Microsoft MSFT announced more than a year ago that it intended to acquire Blizzard Activision, but the deal has gotten stuck in purgatory, with the U.K. But we will be reviewing interesting options from here in Europe, including M&A, if it can help us create the best video gaming experiences and creates an environment that facilitates the growth of our game developer teams that are all over the world, and have been since the pandemic started in 2020.”ĭeloitte predicts that in 2023, mergers and acquisitions in the video game space will increase by 25% as companies seek to buy into already-developed audiences and acquire new intellectual property, copyrights (like game titles) and developer talent. “We don’t need to buy companies just to add incremental EBITDA. “We can grow by expanding into new markets and new business lines,” Nikolksy says. He's one of five Russian game makers to leave since sanctions began. Vladimir Nikolsky created a Russian video game company years ago. More than 80% of its revenue came from outside Russia before the restructuring last year, and now it will no longer be earning any revenue from Russia. My.Games’ main markets are the U.S., Germany and the U.K. ![]() Russian tech guys are everywhere, but Russian publishers are mostly all tapped into the U.S. ![]() Doing this from Russia was always hard, but now it is next to impossible. The video game developer intends to launch its third season of GameDrive, an accelerator program it co-operates with Google GOOG, later this year. It’s not the only collaboration My.Games has with large Western tech companies. It was developed in collaboration with California-based Obsidian Entertainment in 2017. One of their biggest console games is Skyforge for the X-Box and PlayStation systems. “We are now 100% focused on non-Russian markets,” says Nikolsky, adding that the Amsterdam move was being considered before war broke out in February 2022. ![]()
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