News Archive

Ikea partners up with Asus’ Republic Of Gamers for developing game furnishing

Ikea and Asus’ Republic of Gamers (ROG) brand has partnered to develop a new range of gaming furniture and accessories. “Republic of Gamers (ROG) is one of the leading brands in the gaming industry, designing high quality, innovative hardware and gear for gamers. By teaming up with...

NVIDIA signs deal with SoftBank Group, acquires Arm Limited

NVIDIA and SoftBank Group Corp. (SBG) announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion. The transaction is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin and...

Commerce Minister Piyush Goyal comments that VFX and Animation Industry has huge export potential.

The CII SummitFX 2020- Global AVGC Summit took place last week and while addressing the industry representatives there, commerce and industry minister Piyush Goyal said that the animation, visual effects (VFX) and gaming industry holds huge export potential for India and the segment can add a lot...

After PUBG ban in India, Chinese company Tencent faces huge loss in market value

Chinese company Tencent Games has lost $14 billion in market value, after the Indian Government banned its operations, along with other 118 Chinese apps, on Wednesday amid tension over fresh Chinese provocation in Ladakh. According to the IT Ministry, the Apps “are engaged in activities which are...

‘Scooby Doo’ co-creator Joe Ruby dies at 87

Animator, writer and executive Joe Ruby — who, with partner Ken Spears, created beloved Saturday morning cartoons such as Hanna-Barbera’s Jabberjaw, Dynomutt and the enduringly popular Scooby-Doo, Where Are You? — died on Wednesday of natural causes at age 87 in Westlake Village, California. The highly driven creator stayed imaginative into...

Universal signs deal with Microsoft for live-action and animation production

Universal Filmed Entertainment Group has inked a strategic partnership with Microsoft Corp. to create and accelerate cloud-optimise live-action and animation productions. This collaboration will streamline workflows, enable frictionless remote collaboration and content creation through a cloud-based production workflow, fast-tracking a return to industry production during the global...

Animation studio Laika lays off its workers due to Corona pandemic

Oregon based animation studio Laika has laid off 15 per cent of its workers amid the pandemic. Having recently celebrated its 15th anniversary, the studio has laid off 56 of its 362 employees due to Covid-19 safety concerns to rehire them when possible. “(Laika) holds the safety...

Pocket Aces’ Loco sees over 6x rise in daily active users as the platform pioneers the game streaming and esports ecosystem in India

With the lockdown accelerating the growth of India’s gaming market, the country’s leading game streaming and esports app, Loco, has witnessed a 6x growth in DAUs in the past month. The viewership increase has been driven by a growth in the number of active streamers on the...

Bombay High Court to give verdict on the NTO by 24th August

Bombay High Court is expected to give a verdict on the NTO (new tariff order) 2.0 case between TRAI (Telecom Regulatory Authority of India) and broadcasters on 24 August. Until then, both parties have agreed to wait before taking any further decision. The NTO 2.0 hearing on...

Reed Midem announces Mipcom 2020 exhibition to end early than anticipated

About a month after confirming physical editions for the fall, Reed Midem has announced that MIPCOM and its preceding weekend event MIP Junior will be folded into a concurrent three-day format dubbed MIPCOM Rendezvous Cannes, taking place October 12-14 (Mon.-Wed.) — a day less than previously anticipated....