Vancouver-based ‍Ziva Dynamics raised $7 million in a seed funding round led by Grishin Robotics, Toyota AI Ventures, and Millennium Technology Value Partners’ New Horizons Fund.

As part of its Unreal Engine 5 preview, Epic Games announced changes to its licensing policy. Now creators will only have to pay royalties to Epic once their games have generated over $1 million in revenue. This applies retrospectively to all games released after January 1st, 2020.

Playrix now boasts over 1.1 billion downloads across its games, according to Sensor Tower.

Copenhagen, Denmark-based mobile gaming company Multiscription has announced Unleashd, a subscription service for free-to-play games.

Niko Partners project that video games in China will bring in over $46.7 billion in 2024.

Sony is launching a brand uniting PlayStation exclusives developed by its first-party studios.

China’s biggest trade show for the video games industry will take place in Shanghai from July 31 to August 3.

Steam has posted last week’s top 10 best-selling games. A month after its release, DOOM Eternal has claimed the top spot.

Sony has temporarily stopped selling games in China. The company took to social network Weibo to announce indefinite suspension of PlayStation Store China. The reason for the temporary closure is a “system security upgrade.”

Capcom’s revenues declined 18.4 percent year-over-year to ¥81.6 billion ($766 million). This, however, didn’t stop the company from reporting  ¥15.95 billion ($150 million) in net profits, which is 27.1 percent more that in the fiscal year 2019.

In its latest report, Newzoo projects that in 2020 video games industry will generate $159.3 billion in revenue, up 9.3 percent from 2019. This will come from 2.7 billion gamers around the world.

Tokyo Game Show 2020 that was scheduled to run from September 24th to 27th, has been cancelled. The organizers are now planning an online event.

AppMagic rounded up the top mobile games by downloads and revenue in April 2020.

The US PS Store posted April’s top games by downloads. There are separate top 10 charts for premium titles, free-to-play, DLC, and PlayStation VR.

10th Paris Games Week, initially scheduled from 23rd to 27th October, has been cancelled.

Since its launch in November 2019, Jedi: Fallen Order has sold 10 million copies.

Last year added another 100 million players to Fortnite. Epic’s hit battle royale is now played by more than 350 million people.