TriplePoint client Social Gold has partnered with international payment networks GASH and MyCard, expanding its reach into Southeast Asia. Partnerships with GASH and MyCard allow the virtual goods monetization platform to support local currency payments from users in Taiwan, Hong Kong, Singapore, Malaysia and Macau. Social Gold will now support more Asian currencies, including the [...]
Continue reading...27. May 2010
Industry Gamers is reporting that DFC Intelligence announced the release of reports that covers the interactive entertainment industry as a whole. The DFC firm has forecasted that overall revenue for the entire video game industry is expected to hit $70.1 billion dollars by 2015. 2009 had a record breaking $60.4 billion in revenue across the [...]
Continue reading...15. May 2010
The Mother’s Day gift giving market is second only to the winter holiday market, and this year social game publishers decided to invest in the season. I’m sure you saw all of your social games receive some sort of attention; free gifts, new themes, new purchasable items all swamped games preceding and during the holiday. [...]
Continue reading...8. May 2010
Going to school and need some extra cash? Headed into the game industry when you graduate? Apply now for the Official Penny Arcade Scholarship and you could get $10,000 to use on rent, food, books, tuition, you name it. The scholarship is good for the 2010-2011 academic school year and the winner will be announced [...]
Continue reading...28. April 2010
Zong, which provides mobile payments for many Facebook app developers and the partner for the upcoming Credits system has raised $15 million according to Inside Social Games. Echovox, the parent company has been supporting the venture for three years and this is the furst time the company has had investment funding. Zong’s rival, Boku raised [...]
Continue reading...25. April 2010
Three months ago, players of Zynga’s social games raised $1.5 million for Haiti aid. Now, over the course of two five day events, Mafia Wars and Fishville players have raised $130,000 for Water.org and the Huntington’s Disease Society of America (HDSA). As reported by Mashable, Fishville players bought 70,000 limited edition virtual fish for the [...]
Continue reading...18. April 2010
Last year, Offerpal began to broaden its horizons, moving towards becoming a full-fledged payment platform offering multiple ways for users to send money to games and apps. This week, Offerpal announced its newest payment options, this time specifically targeting children and teens, and the overseas market. In the US, the payment company is partnering with [...]
Continue reading...12. April 2010
The Florida House of Representatives passed a bill today which raises existing tax breaks involving the entertainment industries. If the bill makes it to law, it will raise tax breaks from 15% to 20% for companies that develop within the state. The vote passed unanimously with a vote of 112 to 0. Also reported is [...]
Continue reading...12. April 2010
Jim Greer, CEO of Kongregate has recently uncovered that he expects gis company to be profitable by the end of 2010. Kongregate, a web video game portal that launched in 2006, primarily makes its money on ads but has alo ventured into the digital currency world with ‘kreds.’ Greer stated: “8.5 million unique visitors per [...]
Continue reading...8. April 2010
VentureBeat has the story on a possible buyout of Foursquare by Yahoo for $100 million. The story may seem a little crazy considering that Foursquare is fairly new, doing well, and is about to land some big investors into the whole project. Why would Foursquare quit? Simple, they wouldn’t. According to VentureBeat, the whole buyout [...]
Continue reading...6. April 2010
As reported by Mobile Marketing Watch, last week, NearVerse announced that it has secured $1 million in funding for its LoKast social networking iPhone app. NearVerse’s proximity-based architecture is included in LoKast, allowing users to transfer content between one another without even being connected to to a network. In LoKast, each user sets up a [...]
Continue reading...2. April 2010
The social network hi5 is expected to begin announcing plans to raise money for its efforts to become a social gaming platform. This news comes after late last year when hi5′s growth began declining and the company changed focus to become a social gaming company. The transformation would allow hi5 to generate revenue from virtual [...]
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12. June 2010
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