GameWorldObserver.com: online magazine about video games industry

All publications for 12.01.2023

Industry News January 12, 2023

Genshin Impact maker miHoYo aiming to build virtual world that connects 1 billion users by 2030

miHoYo’s ambitions go beyond Genshin Impact. The Shanghai-based company is aiming to build its own virtual universe with a user base of roughly 1 billion players.

Industry News January 12, 2023

EverQuest co-creator John Smedley leaves Amazon Game Studios after 6 years

John Smedley, experienced executive and one of the creators of EverQuest, has stepped down as the head of Amazon Game Studios San Diego. He has been with the company for six years, but hasn’t shipped a single game.

Industry News January 12, 2023

Ubisoft shares plunge 20% after canceling three games, announcing job cuts, and lowering revenue targets

Ubisoft is going through harsh times as it prepares for a targeted restructuring. This includes cutting costs, layoffs, the cancellation of several games, and lowering revenue targets amid weaker sales and an empty release schedule.