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Industry News April 13, 2022

Electronic Arts removes all Russian teams and stadiums from FIFA 22

EA has removed all Russian themes from FIFA 22 following its decision to suspend game sales in the country. The company noted that it “stands in solidarity with the Ukrainian people.”
Deals April 13, 2022

Embracer’s Aspyr Media snaps up Beamdog, studio behind Baldur’s Gate remasters

Aspyr Media, which is a part of Embracer Group, has acquired Beamdog. It will also publish the studio’s upcoming roguelite MythForce.
Industry News April 13, 2022

Sony and Nintendo pledge to update subscription guidelines following UK watchdog’s investigation

Sony and Nintendo have pledged to update subscription renewal rules in the UK. The platform holders made the decision following an investigation conducted by the country’s Competition and Markets Authority (CMA).
Market Analysis April 13, 2022

Sensor Tower: Honor of Kings generated over $270 million in March, leaving PUBG Mobile and Genshin Impact behind

Sensor Tower has shared a report on the highest-grossing mobile games globally for March 2022. Tencent’s hit Honor of Kings topped the charts once again.
Industry News April 13, 2022

Weird West attracts over 400,000 players in less than two weeks since its launch

Devolver Digital has shared the first results for Weird West, a debut game from Raphael Colantonio’s new studio WolfEye. The publisher also revealed the title’s content roadmap.
Events April 13, 2022

WN Conference coming to Istanbul, event to take place on June 7-8

WN Media Group has shared details about the upcoming WN Conference in Turkey. WN Conference Istanbul’22 will take place on June 7-8.
Game Development April 12, 2022

Diablo creator David Brevik asks whether devs can find success making small cheap games in $3-5 range

David Brevik, known as the creator of Diablo and Hellblade: London, has been thinking about making cheap but quality titles with his studio Graybeard Games. So he asked other devs about the viability of this model.
Industry News April 12, 2022

Tencent named top mobile publisher by consumer spend in 2021, outshining NetEase and Activision

data.ai has revealed the winners of its Top Publisher Award 2022, sharing a list of 52 companies ranging by global consumer spend over the last year. The ranking includes publishers like Tencent, Activision Blizzard, miHoYo, and NetEase.
Industry News April 12, 2022

Games industry raised almost $200 million for Ukraine, with 73% of this sum coming from Epic Games

Players and game companies across the globe have been donating money to humanitarian aid in Ukraine ever since Russia sent troops to the country on February 24. The industry has raised almost $200 million for these efforts so far.
Industry News April 12, 2022

Embracer Group already spent over $8 billion on 62 acquisitions, has similar number of deals in plans

Embracer Group has no plans to stop its acquisition spree. The Swedish holding company wants to make at least several dozens of M&A deals in the future.
Market Analysis April 11, 2022

Why EA saw decline in mobile revenue despite obtaining big hits through Glu and Playdemic acquisitions

Electronic Arts spent a total of $3.5 billion on mobile acquisitions in 2021, adding several hit games to its portfolio. However, its mobile revenues have been actually declining ever since, as the company seems to be repeating the same mistakes it made over a decade ago.
Industry News April 11, 2022

Astra Fund invests in six “thinking games,” including new title from Braid and Carto creators

Astra Fund is a new venture fund supporting “thinking games.” The company established by thatgamecompany (Journey) former producer Eileen Hollinger and 9 Dots president Josh Taylor has already invested in six indie titles.
Deals April 11, 2022

Epic Games raises $2 billion from Sony and LEGO parent company KIRKBI at $31.5 billion valuation

Epic Games has closed a $2 billion round of funding with participation from Sony and KIRKBI. The company will use the money to advance its vision to “build the metaverse and support its continued growth.”
Industry News April 11, 2022

China ends 263-day video game freeze by approving first titles since July 2021

China’s National Press and Publication Administration (NPPA) has approved the first portion of video games in 263 days. It was the longest freeze in the country since 2018.
Industry News April 11, 2022

Singaporean payment processing company Coda approaching funding at $2.5 billion valuation

Coda is now reportedly nearing a deal to raise private funds at around a $2.5 billion valuation. The Singaporean firm is known for providing payment solutions for Activision, Tencent, and other big game companies.
Industry News April 11, 2022

20 out of 70 people from original New Vegas team still work at Obsidian, Chris Avellone says

Chris Avellone has started what he calls a “Fallout Apocrypha,” a living page where he will be answering questions about the games in the series he worked on and sharing insights on other related topics.
Industry News April 8, 2022

Two unidentified Tencent executives made over $200 million each in 2021

Tencent has paid more than $200 million to two of its executives in 2021. The Chinese tech giant, which saw its stock decline in the wake of Beijing’s crackdown on the games industry, didn’t disclose these employees’ names.
Market Analysis April 8, 2022

Report: global games market to reach almost $300 billion by 2027

The global video game market will reach almost $300 billion by 2027, according to the latest report by ResearchAndMarkets.com. Mobile titles will account for over half of this number.
Industry News April 8, 2022

Axie Infinity NFT sales jump 350% amid game’s reported struggles to retain players

NFT sales in Axie Infinity have increased significantly following Sky Mavis’ pledge to restore hundreds of millions of dollars stolen in a hack. The game itself, however, has been reportedly struggling to retain players during the last month.
Industry News April 8, 2022

Take-Two selling senior notes worth $2.7 billion to partly fund Zynga acquisition

Take-Two has announced that it will be selling senior notes worth $2.7 billion in a new public offering. This money will go to partly fund the company’s acquisition of mobile publisher Zynga.
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