Business of Games, 🔊 Shout out to new studios, and game fund

Hey Friends, Greetings from Bangalore 💗

🔊 Shout out to new studios, game funds… 🕹️ August 3rd week round-up on investments 💸 

1) Embracer Group has agreed to acquire the intellectual property rights to The Lord of the Rings and The Hobbit literary works by J.R.R Tolkien.

2) Regression Games has raised $4.2M to bring the power of AI to gaming and esports competitions

3) Soedesco has acquired Spanish games developer Superlumen

4) Aonic acquires exmox for nearly $100 million dollars

5) Animoca Brands and Lympo have announced that they are partnering with Play Magnus Group to help develop AniChess – a new blockchain-based chess game

6) Embracer Group acquires Bitwave Games, Gioteck, Limited Run Games, Middle-earth Enterprises, Singtrix, Tatsujin, Tripwire Interactive, and Tuxedo Labs

7) Atom Switch has received an investment of $3.4M from Hiro Capital and 1Up Ventures

8) Solsten raised a $22M Series B led by Konvoy

9) Spire Animation Studios raised funding from Temasek and Ericsenz, aims to create new kinds of animated films with metaverse potential

>> Cartic P, @iCartic