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Gaming studios that create content for Meta have laid off as much as half their staff after losing funding from Meta, per The Information. In July, Meta asked its Reality Labs hardware team, which includes Quest products and Ray-Ban Meta Smart Glasses, to cut spending by about 20% by 2026.

The landmark NBA deal includes exclusive live game rights in the Nordics, Poland, and parts of Latin America, excluding Brazil and Mexico. WBD鈥檚 TNT Sports will produce the iconic 鈥淚nside the NBA鈥� show, featuring Charles Barkley and Shaquille O'Neal, which will air on ESPN and ABC starting with the 2025-26 season.

A top spending category for purchases made on the debit card was gaming, which grew 46% YoY. Square. The number of omnichannel Square sellers grew 12% YoY. They leaned on discounts to lure in shoppers, offering on average a 19% discount. Square鈥檚 restaurant sellers got a 12% transaction boost from the holiday weekend.

The companies also sought to tailor their offerings to 鈥渒idults鈥� who have disposable income to splurge on video games and collectibles such as Hot Wheels. The trend has been a boon to Mattel鈥檚 vehicle division, which grew 12% YoY in Q3.

Smartphone gaming, a popular activity among teens and children, would be affected by a school day ban. Companies specializing in mobile gaming could observe a reduction in user engagement and in-app purchases.

Cloud gaming expansion is in the works and could sustain user engagement amid content strikes.

Competition coming for the Switch: More powerful devices that can leverage 5G connectivity and vast libraries of popular PC and mobile games will be the foundation for next-generation handheld gaming.

Streamers are clamoring for video game adaptations: Netflix鈥檚 latest animated series shows why game publishers and streamers are striking so many deals.

Film and TV companies are expanding into video games: Whether it鈥檚 mobile games, mid-budget indie titles, or mega-franchise blockbusters, Hollywood鈥檚 next frontier is gaming.

Meanwhile, in Q4, FanDuel reclaimed its top spot in US gross gaming revenues (GGR) with 35%, according to Eilers & Krejcik Gaming. DraftKings had briefly taken the lead during Q3. Gambling ad spend seeks out live sports coverage. US ad spend in the gambling and casino sector reached $734.8 million for the period of January 2023 to November 2023, per MediaRadar.

The promotional campaign will include commercial spots, ads on the Las Vegas Sphere, a custom Zynga video game, an activation at the Billboard Latin Music Week, and a video series that depicts gamers remixing video game soundtracks with the sounds of eating a Chicken Big Mac, per Ad Age.

Those deals include 41% off an LG 45-inch OLED gaming monitor and 54% off a Dyson digital slim cordless vacuum. The retailer also plans to offer app-exclusive flash deals on Black Friday. Google鈥檚 Black Friday sales will launch November 21 with deals like 38% off a FitBit Charge 6 and 22% off Pixel Buds Pro 2.

Chip maker NVIDIA last week launched a pre-roll ad product for cloud gaming that makes video game advertising look a lot more like connected TV (CTV).

Why it matters: Microsoft is still an enterprise and productivity company鈥攂ut gaming and advertising are now growing faster than the company overall. That takes pressure off of the cloud segment (up 22% YoY), which has fueled much growth but shows signs of slowing down.

Gamers who grew up on PC and console games are seeking sophistication in their mobile hybrid-casual games, AAA titles, and multiplayer mobile games. We dive into the future of gaming.

Gaming on smartphones saw declines for key metrics in 2022, putting a wrinkle in a growth trend that nearly dates back to the launch of app stores. Read on for figures that highlight what鈥檚 changing, and how these changes might impact user acquisition.

Its fastest-selling game is extending the popularity of the 7-year-old handheld console and defying the cloud-gaming trend.

Discord doubles down on youth with Gas acquisition: The app is huge with teens, and the deal shows the acquirer鈥檚 interest in moving beyond its gaming roots.

2022鈥檚 outages increased and took longer to resolve: Wired and wireless networks continue to be under duress as Big Tech, streaming services, and cloud gaming proliferate while legacy infrastructure and overloaded systems buckled.

Roblox isn鈥檛 growing: The young-skewing gaming/metaverse platform reported lower net bookings than Q2 2021.

In that article from the Betting and Gaming Council that you circulated, they know, the researchers found the vast sums bet on the gambling black market online and offline could deprive the Treasury of up to 330 million pounds, or $420 million, over the course of a five-year parliament if no action is taken.

Industry impact: Klarna鈥檚 model as a founder factory could be applicable to other industries, specifically genAI, video games, and software development.

The retailer held at least 10 sales events this year鈥攆rom sitewide events like its Big Spring Sale and Prime Day to vertical-specific sales like Amazon Gaming Week and the Amazon Book Sale. Those events have helped establish Amazon as a destination for year-round deals and recruit new Prime members.