financetom
Business
financetom
/
Business
/
Roblox set to launch paid videogames on its virtual platform
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Roblox set to launch paid videogames on its virtual platform
Sep 6, 2024 12:02 PM

Sept 6 (Reuters) - Roblox ( RBLX ) will roll out paid

videogames on its platform and allow developers to sell physical

merchandise through their created games, the company said on

Friday.

The video gaming company will add the ability to price

certain games, or what it calls experiences, in real currency

for desktops, it said at its developers conference. Roblox ( RBLX ) will

support a higher revenue share for the creators of up to 70%,

but it will vary with the price of the game.

Paid experiences will launch on personal computers later

this year, with plans to expand to all other devices in the

future, it said.

The move is a minor departure from Roblox's ( RBLX ) successful and

longstanding business model of free-to-play games, with a focus

on purchases of its in-game currency "Robux", which is used to

buy items such as cosmetics and collectibles inside the

company's digital worlds.

"By offering our new revenue shares for paid access

experiences, we're giving our existing creators another way to

earn on Roblox ( RBLX )," said Enrico D'Angelo, vice president of economy

at Roblox ( RBLX ).

Unlike traditional videogame companies, Roblox ( RBLX ) heavily

relies on user-generated content to drive engagement, rewarding

creators who make games that become popular and gain millions of

visits on the platform. The company said it paid more than $800

million to the creator community in the last 12 months.

Roblox ( RBLX ) has partnered with Shopify ( SHOP ) to allow

individual creators to sell physical merchandise directly from

their games early next year.

The company also has tieups with brands such as Walmart ( WMT )

and Elf Beauty ( ELF ) to launch stores within its

platform through which players can directly buy real products.

Roblox's ( RBLX ) efforts to expand monetization avenues could help

it navigate a challenging time for the gaming industry where an

uncertain macro economy weighs on discretionary budgets and

gamers stick to proven titles.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Disney names Debra OConnell as chairman of Disney Entertainment Television
Disney names Debra OConnell as chairman of Disney Entertainment Television
Mar 16, 2026
March 16 (Reuters) - Walt Disney ( DIS ) named Debra OConnell as the chairman of Disney Entertainment Television on Monday, adding that she will oversee brands including ABC Entertainment, Disney Branded Television, Hulu Originals and National Geographic Content. The media giant unveiled the new leadership structure for its entertainment arm to bring together the company's streaming, film, and television...
Kinaxis Upgrades Supply Chain Platform Via NVIDIA Collaboration
Kinaxis Upgrades Supply Chain Platform Via NVIDIA Collaboration
Mar 16, 2026
04:56 PM EDT, 03/16/2026 (MT Newswires) -- Kinaxis ( KXSCF ) after trade on Monday said it is enhancing its Kinaxis Maestro platform by using graphics processing unit (GPU) acceleration powered by NVIDIA cuOpt and NVIDIA artificial intelligence infrastructure. In testing with a large semiconductor supply chain model containing nearly 50 million decision variables, Kinaxis ( KXSCF ) was able...
Veracyte Appoints Kevin Haas as Chief Development and Technology Officer
Veracyte Appoints Kevin Haas as Chief Development and Technology Officer
Mar 16, 2026
04:55 PM EDT, 03/16/2026 (MT Newswires) -- Veracyte ( VCYT ) appointed Kevin Haas to the new role of chief development and technology officer, effective March 24. Haas, 40, was previously chief technology officer at Myriad Genetics ( MYGN ) , Veracyte ( VCYT ) said Monday in a regulatory filing. ...
Alcon and LENSAR, Inc. Agree to Terminate Merger Agreement
Alcon and LENSAR, Inc. Agree to Terminate Merger Agreement
Mar 16, 2026
GENEVA--(BUSINESS WIRE)-- Alcon ( ALC ) , the global leader in eye care dedicated to helping people see brilliantly, today announced that it has entered into an agreement with LENSAR, Inc. ( LNSR ) to terminate the companies’ previously announced merger agreement. Alcon ( ALC ) continues to believe that the acquisition of LENSAR ( LNSR ) would have significantly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved