Stay updated on the latest in the mobile industry with our quick roundup of top stories.
Prepare for the week ahead in mobile gaming by catching up on the biggest stories from the past seven days.
1) MTG’s Monumental Acquisition of Kongregate
Monumental, under Modern Times Group, has acquired Kongregate by signing an agreement. The combined entity will operate more than 40 titles, including popular games like Mythgard, Crowfall, and Dino Storm.
2) Ubisoft’s Decline in Mobile Earnings
Ubisoft’s mobile earnings have dropped significantly, accounting for only 7% of total bookings compared to 35% last year. The company is shifting focus to PC and console games.
3) Niantic’s Strategy for Pokémon Go Redeem Codes
Niantic has removed the redeem code section from Pokémon Go on Android, directing players to the web store to enter codes. This move is part of the developer’s strategy to bypass the app store ‘app tax’ and encourage spending outside the app.
4) Supercell’s Revenue and EBITDA Declines
Supercell’s latest financial report shows a decrease in revenue and EBITDA. The company is working on “big and bold changes” to address the declines and has had open discussions with Apple.
5) Layoffs at Scopely’s Kingdom Maker Team
Scopely, owned by Savvy Games Group, has laid off staff from its Kingdom Maker team due to a shift in priorities related to their breakout game Monopoly Go. This follows a trend of older titles receiving fewer updates and facing layoffs.
