Deals March 17, 2022 Tencent’s investment in Studio MayDay results in its rebranding to Riffraff Games Tencent continues to buy stakes in Western game companies. The Chinese tech giant now has a minority ownership of Studio MayDay, which is now working on two games.
Industry News March 17, 2022 Detroit: Become Human surpasses 6.5 million copies sold on PS4 and PC globally Detroit: Become Human is now officially the most commercially successful game in the history of Quantic Dream. The title has sold over 6.5 million units worldwide since its launch In April 2018.
Industry News March 17, 2022 Kowloon Nights surpasses $150 million in revenue across its portfolio of indie games Kowloon Nights, a fund for indie developers, has generated $150 million across its big gaming catalog. On top of that, the company also signed eight new titles.
Industry News March 17, 2022 Yacht Club Games releases free archive of Shovel Knight art from 7 years of production It is rare to see studios share their own assets with other developers for free. However, this is exactly what Yacht Club Games made by releasing a nearly 1GB archive containing all the art from Shovel Knight.
Industry News March 17, 2022 Square Enix joins growing list of companies to suspend game sales in Russia Square Enix has seemingly suspended game sales in Russia, with its titles becoming unavailable on Steam in the country. The company has also made a donation for humanitarian aid to Ukrainian refugees.
Legal March 17, 2022 US lawmakers introduce bill to block mergers worth $5+ billion ahead of Microsoft-Activision deal Democratic lawmakers have introduced a new bill prohibiting antitrust mergers. It would allow the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to block M&A deals worth $5 billion or more.
Industry News March 16, 2022 Bandai Namco Mobile starts six-month trial to adopt four-day workweek With more studios across the globe shifting to a four-day workweek, Bandai Namco Mobile has also announced its transition to this model. The team wants to focus on working “smarter and more efficiently.”
Industry News March 16, 2022 GTA IV might come out in FY 2024-2025 as Take-Two projects significant increase in revenue According to several analysts, there’s a chance GTA VI might be released in fiscal year 2024. This is according to Take-Two’s own projections, with the publisher expecting a significant increase in revenue.
Industry News March 16, 2022 Google Stadia to offer free trials and new porting tools to improve its cloud gaming platform After several setbacks, Google might be going in the right direction with Stadia. The company has revealed new features that could possibly bring new players and devs to its cloud gaming platform.
Deals March 16, 2022 First Class Trouble developer Invisible Walls joins Embracer Group Amplifier Game Invest, a subsidiary of Embracer Group, has acquired Danish independent studio Invisible Walls. The financial terms of the deal remain undisclosed.
Industry News March 16, 2022 Elden Ring sells 12 million units since launch, far exceeding Bandai Namco’s expectations Elden Ring has shown the biggest launch among all FromSoftware’s games. The title has sold 12 million units worldwide since February 25.
Industry News March 16, 2022 Almost 7000 mobile apps removed from App Store in Russia since February 24 As the exodus of tech companies from Russia continues, global developers continue to suspend their operations in accordance with sanctions and in support of Ukraine. Almost 7000 apps have already been removed from the country’s App Store.
Industry News March 15, 2022 Devolver Digital co-founder starts DeepWell to publish games with therapeutic value DeepWell Digital Therapeutics is a new developer and publisher formed by Devolver Digital co-founder Mike Wilson and Nextern former CEO Ryan Douglas. The company will focus on creating and delivering therapeutic video games.
Industry News March 15, 2022 Half of Perfect Dark core developers reportedly left The Initiative during 2021 It looks like The Initiative is now facing more problems during development of the Perfect Dark reboot. According to the latest report, dozens of core devs left the studio during the last year.
Industry News March 15, 2022 Avalanche co-founders start new studio Elemental Games with help of DICE, Epic, and Ubisoft veterans Linus and Viktor Blomberg, known as Avalanche co-founders, have started new game development studio Elemental Games. The team of industry veterans will continue to create open-world games.
Industry News March 15, 2022 World War 3 sees more than 5 times growth of peak concurrent player count on Steam Multiplayer shooter World War 3 had a spike in popularity over the last week and a half, with its peak concurrent player count growing by 5.5 times.
Industry News March 15, 2022 Guardians of the Galaxy skyrockets by more than 200 positions among most popular Xbox games Guardians of the Galaxy is another example of how Game Pass can boost the audience interest. Thanks to its addition to the library, the title has climbed more than 200 places in the chart of the most popular Xbox games.
Industry News March 15, 2022 China wants to cut time minors spend watching live streams in its continuing fight against online addiction Chinese regulators want to spread anti-addiction laws that already apply to video games across live streaming and other online services. It would result in limiting the time and spend for underage users.
Industry News March 15, 2022 GSC Game World changes S.T.A.L.K.E.R. 2 subtitle, says it won’t sell game in Russia Kyiv-based developer GSC Game World has shared two updates on S.T.A.L.K.E.R. 2. First, it changed the game’s subtitle in accordance with Ukrainian language rules. Second, the studio decided to prohibit sales of the upcoming title in Russia.
Deals March 14, 2022 Riot Games buys new stake in Fortiche Production, animation studio behind Arcane Riot Games has strengthened its partnership with Fortiche Production by making a new equity investment in the animation studio behind Arcane.