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GameSquare and Engine Gaming Shareholders Approve Business Combination
Shareholders of GameSquare and Engine Gaming and Media have officially approved a business combination, marking a significant consolidation within the esports and gaming industry.
- Shareholders of GameSquare and Engine Gaming and Media have approved an all-stock business combination, with the deal expected to close in the first quarter of 2023.
- Upon completion of the merger, GameSquare shareholders will own approximately 60% of the combined entity, while Engine Gaming shareholders will hold roughly 40%.
- The combined company expects to achieve profitability in 2023, driven by cost synergies, operating leverage, and revenue growth.
The Esports AdvocateMar 2023
Article
Dr. Alan Bunney Resigns from Panda Global
Dr. Alan Bunney, founder and long-time CEO of the esports organization Panda Global, resigned from his position in December 2022.
- Dr. Alan Bunney has resigned as CEO of Panda Global following controversy surrounding the cancellation of the Smash World Tour (SWT) 2022 and 2023 events.
- The canceled Smash World Tour event was set to feature a $500,000 prize pool, which would have been the largest in the history of competitive Super Smash Bros.
- Panda Global is now operating under an interim management committee, and the company has postponed its own Panda Cup Finale citing safety concerns.
The Esports AdvocateDec 2022
Article
Mobile Game Market Review: August 2022
The mobile gaming market in August 2022 was characterized by a strong emphasis on cross-industry collaborations and the integration of social mechanics.
- The mobile market saw a significant trend of music-industry integration in August 2022, highlighted by Justin Bieber’s in-game concert in Garena Free Fire and Eminem’s PvP event in Beatstar.
- Guild mechanics are expanding into new genres, with titles like Words with Friends 2 and Episode – Choose Your Story adding social features to increase player engagement.
- Tower of Fantasy demonstrated strong global performance, reaching the top 13 grossing in the US and the top 3 in Japan shortly after its launch.
GameRefinerySep 2022