gaming
Flexion Mobile Signs Investment Agreement with Liteup Media
Flexion Mobile Plc has announced that it has signed an investment agreement with Liteup Media UG, a German start-up with a new and unique service for mobile game influencer marketing.
Flexion has the right to acquire up to 40% of the company through directed share issue at an agreed fixed valuation of USD 2.5 million with an additional option to acquire the whole company from the founders in 2025 for a multiple of gross profit. Flexion will initially acquire 20% of the company for USD 500,000 through a directed share issue.
The influencer marketing space is estimated to be worth USD 13.8 billion and it is growing fast making it popular with mobile game advertisers. Liteup Media makes influencer marketing scalable, performance-based, and more accessible while providing mobile game developers with better tools for monetisation. This closes the gap between mobile performance marketing and influencers. The app-based service is currently in soft launch on Google Play. It is expected to launch fully on Android and iOS in early 2022.
Expanding its service offering for game developers is a key strategy for Flexion and with this investment the company takes a more significant step into influencer marketing with a new and disruptive model. Since the deprecation of IDFA on iOS last year, advertisers are actively looking at new ways to boost revenue for their games. This in turn has made influencer marketing even more attractive.
“There is no clear market leader in the fast-growing and fragmented influencer market which makes it ripe for disruption and consolidation. We are impressed with the Liteup Media team and their vision for influencer marketing. As with any early stage start up, there is a lot of hard work ahead. Flexion will add value by sharing experience, deal opportunities and developer relationships. We have already seen positive results with influencer marketing as an effective way to attract paying players to the alternative app stores we work with. Influencer marketing is a natural part of a vibrant and competitive market. This investment will give us hands-on experience, relationships and instant access to a new vertical which will become an important extension to our distribution service,” Jens Lauritzson, CEO of Flexion Mobile, said.
“We are thrilled to announce this investment by Flexion, a highly strategic partner for us in this fast-growing market. As one of the leading mobile gaming distributors on Android, Flexion’s support will be fundamental as we set our sights on building the future of growth solutions for mobile games,” Aaron Baker, CEO of Liteup Media, said.
FreezeNova
10-15% Of Gamers In Florida Show Signs Of Gaming Addiction: Here Are 10 Signs Your Kid Is Suffering From It (And How You Can Help)
Recent studies indicate that 10-15% of young gamers in Florida exhibit signs of gaming addiction. These findings underscore the need for early identification of symptoms to prevent negative impacts on children’s mental and physical health. Gaming addiction, if not dealt with, can lead to poor academic performance, social withdrawal, and even health problems.
Marin Cristian-Ovidiu, CEO of FreezeNova, discusses key indicators of gaming addiction and offers practical advice for parents.
Recognizing Early Signs
“Early recognition of gaming addiction is crucial in preventing long-term negative outcomes,” Marin explains. The following signs can help parents identify if their child might be developing an addiction:
Exhaustion and Irritability
Constant tiredness and grumpiness during the day could indicate late-night gaming sessions interfering with sleep.
Gaming Obsession
If gaming dominates your child’s thoughts and conversations, and they plan their day around it while neglecting other responsibilities, it could be a sign of addiction.
Decline in Academic Performance and Lost Interests
A noticeable decline in academic performance or loss of interest in previously enjoyed activities may suggest your child is prioritizing gaming over more important tasks.
Emotional Volatility
Extreme emotional reactions to in-game outcomes, such as uncontrolled anger, known as ‘Gamer Rage’, or intense celebrations, could indicate an unhealthy attachment to gaming.
Physical Strain
Signs of repetitive strain injuries like ‘Gamer’s Thumb’ or ‘Nintendo Neck’ from prolonged screen time are warning signals.
Neglecting Basic Needs
If your child is neglecting basic needs like eating, sleeping, or hygiene to keep playing, gaming has likely taken an unhealthy control over their life.
Creating a Supportive Environment
While video games can be a great source of entertainment and connection, around 70% of people with signs of gaming addiction also experience social disorders. Marin recommends a few tips for building a supportive and open environment for your child.
Teamwork and Setting Boundaries
“Parents and children should work together to create a healthy gaming environment. Gaming addiction requires a holistic approach,” Marin advises. Start by setting clear boundaries on gaming time to ensure there’s room for schoolwork, chores, and quality family time.
Revisit activities your child once loved, like football practice or exploring new hobbies together. It’s vital for your child to take breaks from screens, so create a balanced daily routine that includes homework, chores, exercise and just some gaming time. This allows your child to enjoy their games without neglecting other aspects of their life.
Open Communication
Maintain open communication. Discuss the games your child enjoys and any concerns you might have. By understanding their world, you can work together to find solutions.
Remember, you’re not alone. If you feel overwhelmed, seek professional help from specialists in gaming addiction. Marin concludes, “By working as a team, setting clear boundaries, and fostering open communication, we can help your child develop a healthy relationship with gaming and thrive in all areas of life.”
Compliance Updates
SYNOT Games Officially Certifies Over 140 Games in Brazil
SYNOT Games has announced that more than 140 of its games have now been officially certified in Brazil.
“We are delighted to announce that more than 140 of our games have now been officially certified in Brazil. This significant achievement allows us to expand our reach and introduce a diverse selection of games to this dynamic market. Brazil represents a key opportunity for growth, and we are committed to delivering exceptional gaming experiences to the Brazilian audience,” the Company said.
“We are thrilled to introduce our portfolio in Brazil, offering innovative and engaging gameplay that promises to captivate and entertain players,” Martina Krajci, CCO at SYNOT Games, said.
gaming
SPGA Introduces Code of Conduct to Highlight Member Commitment to Compliance and Safety in Social and Promotional Gaming
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Age verification to limit real money play to users 18 and older
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Proper identity verification (Know Your Customer or KYC)
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Location verification of customers
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AML policies to ensure proper transaction monitoring
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