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Capcom enjoys record profits despite declining revenues

Capcom’s revenues declined 18.4 percent year-over-year to ¥81.6 billion ($766 million). This, however, didn’t stop the company from reporting  ¥15.95 billion ($150 million) in net profits, which is 27.1 percent more that in the fiscal year 2019.

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Newzoo: games to generate $159.3 billion in 2020

In its latest report, Newzoo projects that in 2020 video games industry will generate $159.3 billion in revenue, up 9.3 percent from 2019. This will come from 2.7 billion gamers around the world.

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Tokyo Game Show 2020 cancelled

Tokyo Game Show 2020 that was scheduled to run from September 24th to 27th, has been cancelled. The organizers are now planning an online event.