GameWorldObserver.com: online magazine about video games industry

All publications for 15.08.2023

Industry News August 15, 2023

Free Fire maker Garena reports 41% revenue drop in Q2, but parent company calls its performance ‘encouraging’

Singapore-based tech giant Sea has issued a financial report for the second quarter ended June 30. Here are all the figures related to its gaming arm, Garena, known for its mobile battle royale Free Fire.

Industry News August 15, 2023

Netflix starts rolling out cloud streaming of games on TVs and PCs

Netflix continues its gaming push by announcing beta testing of its cloud streaming service. The company plans to bring its titles to more devices, including TVs and PCs.

Deals August 15, 2023

Report: Embracer Group’s collapsed $2 billion deal was supposed to be with Savvy Games Group, its second-largest shareholder

New details have surfaced about the collapsed $2 billion deal that Embracer Group was supposed to close earlier this year. It appears that its partner was Savvy Games Group, an investing firm established by Saudi Arabia’s sovereign wealth fund.