gaming – Page 21 – storyboard18

GST Impact: 28% tax threatens grey market surge and stifles industry growth, stakeholders raise concerns

The OneBlade Cup will feature teams of four players engaging in qualifiers to make it to the top 16. (Representative Image: Onur Binay via Unsplash)

Stakeholders urge the government to re-evaluate the decision to make taxes in online gaming in line with the international best practices

GST Council imposes 28% tax on online gaming, horse racing and casinos

Structural shifts toward a higher propensity to pay for in-game features and the burgeoning popularity of casual and midcore games are poised to play pivotal roles in shaping the landscape by FY28. (Representative Image via Unsplash)

It remains to be seen how the decision will impact the gaming industry in India.

BGMI’s return sparks brand partnerships, sponsorships and revenue surge in India’s gaming landscape

Game of the Year was awarded to Valorant, published by Riot Games.

Experts foresee a 40 percent rise in overall cash flow for the gaming industry in coming days.

Fantasy sports made Rs 2,800 crore in gross revenue during IPL 2023: Redseer

Hotstar, once proud of its impressive milestone of 150 million monthly active users, was experiencing continuous growth, largely driven by its exclusive streaming rights to the Indian Premier League (IPL). However, this growing user base turned into a significant challenge when Hotstar lost the streaming rights of IPL to Reliance's JioCinema.

The report also highlighted that a total of Rs 10,000 crore was spent on advertisements during the IPL 2023.

Indian gaming flush with cash amid funding winter

Moving on from taxes and revenues, the report also said that India’s online gamers are expected to grow at a CAGR of 5 percent and reach 53.8 crore by FY28. (Representational image via Unsplash)

Gaming companies are spending their monies on a variety of initiatives, including acquiring new users, developing new games, and expanding into new markets.

Boutique creative agencies dominate gaming ads as big players take a backseat

According to brands working with these boutique creative and ad agencies, they offer distinct advantages, including quick turn-around time, focus on niche verticals, tailored services and of course minimal processes. (Stills from ads)

Gaming companies turn to boutique ad agencies for specialized campaigns, leveraging the advantages of quick turn-around time, tailored services, and cost efficiency.

iQOO gets 50,000 applications in 8 days for chief gaming officer role

The OneBlade Cup will feature teams of four players engaging in qualifiers to make it to the top 16. (Representative Image: Onur Binay via Unsplash)

With a Rs 10 lakh pay cheque for 6 months, the chief gaming officer will get almost double the average salary for an entry level engineer. But how will a gamer under 25 years help the smartphone brand iQOO grow?

BGMI’s second innings: 130 million downloads before ban, experts predict greater success

Recently, Nodwin Gaming disqualified and banned three teams from the Philips OneBlade Battleground Mobile India Cup 2024 for cheating by using unauthorized and unethical methods during the official esports tournament.

BGMI’s return fuels collaboration opportunities and excitement among streamers and brands.

Krafton’s BGMI makes a comeback in India 10 months after suspension

In less than two years of launching it in the country, BGMI claimed to have clocked over 100 million cumulative users shortly after a year of its launch. (Representative Image: ELLA DON via Unsplash)

BGMI becomes the first app among the 300 plus previously banned apps to stage a comeback in the country.

ASCI: 92% of gaming advertisements failed to comply with real money gaming guidelines

Digital ads have also emerged as the leading violator with 75 percent of the ads being processed from the digital space. (Representative Image: Luis Villasmil via Unsplash)

Only 50 percent of the ads were modified voluntarily after they were called out.