Industry News April 8 Two unidentified Tencent executives made over $200 million each in 2021 Tencent has paid more than $200 million to two of its executives in 2021. The Chinese tech giant, which saw its stock decline in the wake of Beijing’s crackdown on the games industry, didn’t disclose these employees’ names.
Market Analysis April 8 Report: global games market to reach almost $300 billion by 2027 The global video game market will reach almost $300 billion by 2027, according to the latest report by ResearchAndMarkets.com. Mobile titles will account for over half of this number.
Industry News April 8 Axie Infinity NFT sales jump 350% amid game’s reported struggles to retain players NFT sales in Axie Infinity have increased significantly following Sky Mavis’ pledge to restore hundreds of millions of dollars stolen in a hack. The game itself, however, has been reportedly struggling to retain players during the last month.
Industry News April 8 Take-Two selling senior notes worth $2.7 billion to partly fund Zynga acquisition Take-Two has announced that it will be selling senior notes worth $2.7 billion in a new public offering. This money will go to partly fund the company’s acquisition of mobile publisher Zynga.
Industry News April 8 Activision Blizzard makes 1100 testers full-time workers and raises their pay, except for Raven QA team Activision Blizzard has decided to convert 1,100 testers to full-time employees and increase their pay in the wake of ongoing criticism. However, members of the Raven Software QA team won’t get any raises.