Loom Games
Loom Games business and news from across the web.
Türkiye's domestic mobile revenue grew 6% to $347m in 2025Türkiye's mobile revenue reached $347 million in 2025, a 6% increase, while developer revenue surged by 450% to $2.7 billion over six years. Despite a 4% decline in downloads, the market shows a trend towards monetization, with puzzle games dominating revenue. Dream Games led the market, contributing significantly to the country's growing mobile gaming sector and securing substantial investment.
Firstpoint VC launches with €50m fund to invest in AI-driven games and entertainment startupsFirstpoint VC has launched with a €50 million fund dedicated to investing in AI-driven gaming and entertainment startups, focusing on emerging markets in Türkiye, Eastern Europe, Southeast Asia, and Central Asia. The firm is led by general partners Burak Yılmaz and Mike Fischer, who bring extensive experience from companies like Square Enix, Epic Games, Amazon, and Microsoft. Firstpoint aims to identify and support early-stage companies that integrate AI at the core of their product development and growth strategies.
Scopely hits $15 billion in lifetime revenueScopely has announced it has surpassed $15 billion in lifetime revenue after 15 years in the mobile gaming industry. The company's portfolio includes major titles like Pokémon Go and Monopoly Go, contributing to over 150 billion hours of playtime. Scopely has grown to over 3,000 employees globally and has made significant acquisitions, including Niantic and Loom Games, with the Public Investment Fund of Saudi Arabia now holding a majority stake.
US video game spending rose 3% in January, driven by $596m from subscription services | US Monthly ChartsUS video game spending increased by 3% to $4.3 billion in January 2026, primarily driven by a 23% rise in non-mobile subscription services. Hardware revenue saw a 16% increase, though console sales declined year-on-year, with the PlayStation 5 and Xbox Series X|S experiencing notable drops. Top-selling games included Call of Duty: Black Ops 7 and NBA 2K26, while Final Fantasy 7: Remake saw a significant surge in sales following its multi-platform release.
Scopely acquires majority stake in Pixel Flow developer Loom GamesScopely has acquired a majority stake in Loom Games, the Istanbul-based developer behind the mobile title Pixel Flow. Pixel Flow has achieved over ten million players worldwide since its launch last year. This partnership aims to allow Loom Games to maintain creative autonomy while benefiting from Scopely's expertise.
Scopely acquires majority stake in Pixel Flow! developer Loom GamesScopely has agreed to acquire a majority stake in Loom Games, the developer behind the successful mobile title Pixel Flow!, for an undisclosed sum valuing the studio at over $1 billion. This acquisition aims to expand Scopely's portfolio and its presence in the EMEA region, while Loom Games will maintain creative autonomy.