It is really possible to attract investors with an interesting idea, even with minimal experience and a small team. This is evidenced by the story of Alexander Mistakidis, CEO of a small Canadian studio Gamelynx.

The Icelandic company Teatime Games received $9 million of investments at the seed stage of financing. The studio will direct the raised funds to the development of social games.

Korean developer and publisher of online games NCsoft reported for the 1st quarter of 2018. During this period, the company’s revenues increased by 98% compared to last year, and profits increased by as much as 585%.

The German video game industry generated €3.3 billion in 2017. This is a record figure for the industry. Micropayments and increased demand for gaming devices have become factors of revenue growth.

Mobile developer and publisher G5 Entertainment has acquired the rights to two hidden object games from Artifex Mundi studio — Nightmares from the Deep and Kate Malone. G5 paid $600k for them.

The Japanese company DeNA closed the 2017 fiscal year (ended March 31 of this year). DeNA’s gaming business generated $895 million, and the segment’s operating profit was $229.2 million.

The Danish media company Nordisk Film has decided to invest €15 million in Star Stable Entertainment, the developer and publisher of the adventure MMO game Star Stable Online.

Nexon, a major publisher of online games, reported a 21% increase in revenue in the 1st quarter of 2018. The company earned ¥90.5 billion ($825 million), and its net profit increased by 134% compared to the same period last year and reached ¥46.6 billion ($425 million).

The Japanese corporation Bandai Namco officially closed the 2017 fiscal year (ended March 31 of this year). The company ended the reporting period on the rise — both total revenues and revenue of the Network Entertainment segment, which includes video games, increased.

Jeffries financial company has estimated the developer and publisher of Epic Games video games at $ 4.5 billion. Jefferies analyst Timothy O’Shea told Reuters.

The revenues of the mobile version of Fortnite’s “battle royale” for iOS exceeded $50 million. The game took a little more than 1.5 months to earn this amount, according to the analytical company Sensor Tower. Fortnite was released on iOS on March 15.

Activision Blizzard Gaming Corporation reported record revenue in the 1st quarter of 2018. The company earned $1.97 billion and received $500 million in net profit.

Russian IT Corporation Mail.Ru The Group reported for the first quarter of this year. Revenue from the company’s MMO games increased by 28.5% compared to last year and amounted to ₽5.12 billion ($80.8 million).

Mobile advertising mediation platform Appodeal received $8 million from a group of investors led by the Moscow business incubator Impulse VC.

Microsoft reported earnings for the third fiscal quarter of 2018, which ended for the company on March 31 of this year. The Xbox division’s revenue during this period reached $2.251 billion. This is 18% more than at the same time last year.

Tencent Corporation intends to invest about ¥100 million ($ 15.8 million) in the promotion of the popular online action movie Fortnite in China. Epic Games’ game hit officially launched in China on April 23.

The Chinese corporation Tencent is the largest gaming investor in the world. From April 2017 to the end of March this year, Tencent invested in gaming companies 40% of all funds that developers and startups of the video game industry managed to attract in 12 months.

The mobile version of the Fortnite Battle Royale from Epic Games generated $25 million. This is reported by the Sensor Tower analytical platform.

Chinese streaming service Huya announced its entry into the New York Stock Exchange. The company expects to earn $200 million on the IPO.