Pixel P&L: Indian Gaming Services Firm Liquidnitro Secures $19.1M

Welcome to another Pixel P&L edition. This issue takes 5 minutes to read. If you only have one, here are the 5 most important things:

• Liquidnitro Games, an Indian AI-powered game services company, secured $19.1M Series A.

• Nintendo, Sony, and Microsoft renew their cross-platform safety partnership amid mounting regulatory pressure.

• Monopoly Go hits $6 billion in just 1,275 days, the fastest revenue pace ever for mobile games.

• Nintendo shares fall below ¥10,000 as Switch 2 momentum slows and production costs rise.

• AppQuantum VC explains why only dozens of indie studios turned profitable last year.

Let's get into it.

India's Liquidnitro Games Raises $19.1 Million to Scale AI-Powered Game Services

As game publishers face mounting pressure to retain players in an oversaturated market, specialized service providers are stepping in with AI-driven solutions. India-based Liquidnitro Games closed a $19.1 million Series A round led by Northpoint Capital and Nexus Venture Partners to expand its AI-enabled production and live services platform.

The funding will accelerate partnerships through co-investments and support global expansion efforts. Liquidnitro's model combines proprietary AI technology with operational expertise and aligned capital, investing alongside publishers for shared financial responsibility.

"By combining over a decade of experience running some of the world's biggest franchises, deep investments in our proprietary AI-powered platform, and capital we can deploy alongside partners, we've built a uniquely compelling value proposition," said CEO Sandeep Kowdley.

Northpoint Capital's Sameer Brij Verma noted the company is becoming a preferred partner for leading publishers, citing their ability to merge AI-driven live ops with P&L ownership.

Gaming Giants Renew Cross-Platform Safety Commitment as Industry Faces Scrutiny

As regulatory pressure mounts over child safety in gaming, Nintendo, Sony Interactive Entertainment, and Microsoft are expanding their collaborative efforts to improve player protection across competing platforms.

The three console manufacturers, who first united on safety initiatives in 2020, announced renewed commitments centered on three shared principles: prevention, partnership, and responsibility. The approach combines parental controls, community reporting tools, and enforcement mechanisms backed by human oversight.

Prevention efforts focus on empowering players and parents with customizable controls and transparent codes of conduct. Partnership initiatives include collaboration with organizations like the Entertainment Software Association, ESRB ratings agency, and the Tech Coalition's Lantern program for child safety technology.

Under responsibility commitments, the companies enforce violations through escalating restrictions, comply with law enforcement requests, and deploy AI-enhanced moderation with human review.

"This partnership reflects our dedication to collaborating on solutions that enhance player safety," the companies stated, emphasizing that industry challenges require shared values and continued innovation in protective technologies.

⚡️Quick Bytes

Comic Con Expands to Kolkata with April Event

Comic Con announced its Kolkata edition for April 11-12, 2026, at Biswa Bangla Convention Centre, featuring cosplay competitions, gaming zones, and creator meetups. Single-day passes start at ₹899 via Zomato District, while two-day passes cost ₹2,799. Nodwin Gaming's Akshat Rathee noted Kolkata's first Comic Con drew over 30,000 attendees, citing the city's deep storytelling culture. The event includes panel discussions, comedy acts, and musical performances alongside anime, manga, and gaming content.

Nintendo Shares Fall Below ¥10,000 Amid Switch 2 Sales Slowdown

Nintendo's stock dropped to ¥9,950, its first sub-¥10,000 close since April 2025, down 33% from August's record ¥14,795. The decline follows slowing Switch 2 sales momentum and concerns over rising RAM costs and U.S. tariffs. President Shuntaro Furukawa told Kyoto Shimbun the company is monitoring volatile memory markets closely, though he declined to comment on potential price increases. Despite the drop, shares remain above pre-2025 levels.

Scopely's Monopoly Go Hits $6 Billion in Record Time

Monopoly Go surpassed $6 billion in mobile revenue in 1,275 days, the fastest pace among top-grossing games, according to Sensor Tower. The title, launched April 2023, beat Mixi's Monster Strike (1,673 days) and Tencent's Honor of Kings (1,762 days). Generating approximately $200 million monthly, Monopoly Go ranked as 2024's top mobile game by in-app purchases and sits 14th in all-time mobile revenue. Sensor Tower estimates exclude advertising and direct-to-consumer revenue.

⚔️Side Quest

🤣Laugh:

📺 Watch: Industry veteran Rich Vogel, who's generated $3B+ across BioWare Austin and Sony Online Entertainment, explains why funding for large-budget games has vanished and publishers are abandoning North American teams. 

🎮 Play: The Planet Crafter offers satisfying terraforming gameplay where watching your barren world bloom into life feels genuinely rewarding. Perfect for casual base-builders seeking light optimization without Factorio-level complexity. Best enjoyed as a chill sandbox experience, not a hardcore survival challenge.

📚 Read: AppQuantum VC founder Evgeny Maurus reveals why only dozens of independent studios turned profitable last year versus thousands backed by major players. He argues long-term publisher partnerships trump going solo, explains the 40% equity model, and warns against chasing PC markets as escape routes.

💡Did You Know

Hytale's developers are offering over $25,000 in bug bounties to players who find and report security vulnerabilities in their early access game. The Bug Bounty Program rewards authentication and client/server exploits most heavily, with the team already paying out bounties and triaging incoming reports. This aggressive security approach comes just two months after reacquiring the game from Riot Games, barely enough time to rebuild the team and prepare for launch. Despite the bumpy rollout, Hytale immediately became Twitch's most-watched game with 2.8 million concurrent players.

📜 Quote of the Day

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