Indie studio Vodeo Games has announced that it will no longer be able to continue working. The team behind Beast Breaker couldn’t secure funding for new games.

CD Projekt has released a financial report for the first six months of 2022. The company shared key business results and opened up about the parallel development of two AAA games.

Ubisoft saw its shares tumble after Tencent announced its decision to invest €300 million in Guillemot Brothers Limited. The news made the company’s investors worried about buyout prospects.

Tencent has invested in over 120 companies in the first half of 2022. It helped the Chinese tech giant become the fourth most active VC firm globally.

Mario Kart Tour has reached $293 million in player spending on iOS and Android. It is now Nintendo’s second highest-grossing mobile game.

CD Projekt has announced its second annual mentoring program called “Girls in the game!” (Dziewczyny w grze!). It will provide scholarships to 20 more talented candidates.

UK indie developer and publisher Chucklefish has announced another pay increase across the company. This is the second raise for employees this year.

Sony Interactive Entertainment executive vice president Masayasu Ito will leave the company. He worked at Sony for almost four decades and led engineering on several PlayStation consoles.

Mobile publisher FunPlus and its subsidiary KingsGroup Games have celebrated the third anniversary of State of Survival with some big announcements.

Matt Booty, the man at the helm of Xbox Game Studios, has opened up about the new reality of AAA game development. He says companies now need multiple studios to finish big titles, which ultimately affects the schedule.

Mark Brown, creator of the Game Maker’s Toolkit blog, has announced that his latest project Platformer Toolkit has reached a new milestone. It is an interactive video essay where the player has to fix a bad platformer.

Singapore-based tech company Sea has cut some jobs. The layoffs reportedly affected several business units, including Free Fire developer Garena.

League of Legends: Wild Rift has reached another milestone, remaining the highest grossing mobile game in Riot’s portfolio.

Arkane Studios founder Raphael Colantonio has revealed that Bethesda basically forced the studio to call its 2017 game “Prey”. He also noted that it was one of the reasons he ended up leaving the company.

Sprocket is a new studio founded by a group of former Riot Games developers. The team has raised $5 million to build a cross-platform multiplayer title.

Terraria, one of the biggest indie games of the past decade, has now surpassed 1 million reviews on Steam. It is now the only title with “Overwhelmingly Positive” rating to reach this milestone.

Meta has announced its decision to end support of the Facebook Gaming app. It was used as a hub for players, and now much of its functionality will be migrated to the main app.

The Advertising Standards Authority (ASA),  the UK’s regulator of advertising, has raised concerns about the use of misleading and sexualized in-game ads by mobile game companies. The organization noted that these clips might be harmful to users.

Just seven days after its launch, Cult of the Lamb has reached a huge milestone. The game attracted 1 million players, with developers saying that “there’s so much room for this Cult to grow.”