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Found 9 results

  1. ABSOLUTELY TOTAL COINCIDENCE that this announced right after Steam's new tiered revenue structure comes into effect, eh? Announcing the Epic Games Store Developers receive 88% of revenue. There are no tiers or thresholds. Epic takes 12%. And if you’re using Unreal Engine, Epic will cover the 5% engine royalty for sales on the Epic Games store, out of Epic’s 12%.
  2. Netflix Inc is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the matter told Reuters.
  3. The founder of South Korean gaming company Nexon (3659.T) is set to sell a controlling stake worth around $9 billion in Nexon’s holding firm NXC Corp, the Korea Economic Daily newspaper reported on Thursday.
  4. This is Step 1 for the inevitable UbiStream Service
  5. Note: the amounts for Google and Apple represent their 30% cut of revenue for games sold on their stores
  6. The deficit jumped to $779 billion, $113 billion or 17 percent higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney. It was larger than any year since 2012, when it topped $1 trillion. The budget shortfall rose to 3.9 percent of U.S. gross domestic product.
  7. China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global Ratings. “The potential amount of debt is an iceberg with titanic credit risks,” S&P credit analysts led by Gloria Lu wrote in a report Tuesday. Much of the build-up relates to local government financing vehicles, which don’t necessarily have the full financial backing of local governments themselves.
  8. When the stock price hit $207.05 earlier today, the company crossed the $1 trillion market capitalization threshold.
  9. Oh, it would be such sweet irony if this does indeed happen!
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