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Industry News May 11, 2022

Sony concerned that adding AAA exclusives to PS Plus at launch might “deteriorate” their quality

Sony plans to increase its investment in first-party games by over $300 million. However, the company still doesn’t want to adopt the Game Pass-style model and include its AAA titles in subscription at launch.

Industry News May 11, 2022

Unity shares drop more than 30% and hit 52-week low as its financial outlook misses expectations

Unity has seen its shares hit a 52-week low after the release of its latest financial report. Investors were not satisfied with the company’s guidance, which forecast slowing growth.

Industry News May 11, 2022

Capcom reports 5th consecutive year of record-high profit, with game sales reaching 32.6 million units

Capcom has released its financial report for the year ended March 31, 2022. The company achieved several milestones, with its profit hitting new records for the fifth consecutive year.

Industry News May 11, 2022

Elden Ring reaches 13.4 million copies sold, as Bandai Namco reports annual revenue of $6.85 billion

Elden Ring has reached another milestone, selling over 13 million units globally since its launch on February 25. Publisher Bandai Namco shared the data in a report covering its financial results.

Dev Interviews May 9, 2022

Composer Robert Wolf discusses his work on Hypergryph’s Arknights

What does it take to bring a video game track to life? Composer Robert Wolf discusses his work on Arknights and Call of Duty: Mobile.

Dev Interviews May 6, 2022

Meet Dennis Opel, indie dev behind Punch-Out and Berserk-inspired hack ‘n’ slash game Labyrinth

Artist and developer Dennis Opel has been in the industry for over 20 years, recently debuting as an indie. Today we discuss his creative journey and upcoming hack ‘n’ slash game Labyrinth with a heavy focus on sword fights.

Industry News May 6, 2022

Riot Games strengthens its entertainment division by hiring former Netflix, HBO Max, and Paramount execs

Riot Games continues its expansion into the film and music industry. The League of Legends maker has hired former executives from top entertainment companies to help adapt its gaming IPs to other mediums.

Industry News May 6, 2022

Outriders couldn’t recoup development costs as People Can Fly still received no royalties from Square Enix

People Can Fly has stated that Square Enix still paid it no royalties for Outriders. This means the game might never recoup its development costs, so the Polish studio could start receiving a portion of its revenue.

Industry News May 6, 2022

Former Disney exec Jessica Martinez joins Blizzard as first head of culture to resolve workplace issues

Blizzard Entertainment has hired its first head of culture. Jessica Martinez will be responsible for resolving workplace issues following multiple harassment and misconduct allegations.

Market Analysis May 5, 2022

Newzoo: global games market to surpass $200 million in revenue for first time in 2022

Newzoo has shared its forecast on the video game market for 2022. Analysts expect the global games industry revenues to pass the $200 billion mark for the first time ever.

Industry News May 5, 2022

NetEase added to list of over 80 Chinese companies facing delisting in US

The Securities and Exchange Commission (SEC) has expanded a list of companies that might be excluded from the US stock exchanges. More than 80 Chinese firms, including game publisher NetEase, are now facing delisting.

Industry News May 5, 2022

Genshin Impact generates $1 billion every six months on average, with 70% of its revenue coming from Asia

With lifetime revenue of more than $3 billion, Genshin Impact is one of the biggest mobile titles in the world. miHoYo’s game generates $1 billion every six months on average, Sensor Tower reports.

Industry News May 5, 2022

Fntastic delays The Day Before, most wishlisted game on Steam, and switches to Unreal Engine 5

The Day Before, which is now the most wishlisted title on Steam, has been delayed by developer Fntastic. The studio decided to switch the upcoming game to Unreal Engine 5.

Industry News May 5, 2022

NetEase launches its first US studio led by MMORPG game designer Jack Emmert

Chinese tech giant NetEase has announced the establishment of Jackalope Games, its first US-based studio. Games industry veteran Jack Emmert will lead the new team.

Industry News May 5, 2022

Voodoo becomes 3rd biggest publisher by downloads on App Store, only behind Meta and Google

Hyper-casual publisher Voodoo has now become the third largest company in terms of downloads since the creation of the App Store. The company is now only behind giants like Google and Meta.

Industry News May 5, 2022

Hangar 13 head and founder Haden Blackman leaves studio, months after cancellation of $53 million game

Haden Blackman has stepped down from his role as the head of Hangar 13, known for developing Mafia 3. He will leave the 2K-owned team after working there for seven years.

Industry News May 4, 2022

Report: Guillemot family wants to maintain rein at Ubisoft and prevent potential takeover attempts

The Guillemot family, which founded Ubisoft, is now reportedly considering partnering with a private equity firm. They want to acquire the company in the wake of the latest takeover talks.

Industry News May 4, 2022

Rogue Snail on how launching Relic Hunters: Rebels on Netflix helped it not worry about monetization

Relic Hunters: Rebels is the latest addition to Netflix’s growing library of mobile games. The studio behind this mobile game has explained its decision to make it exclusively available to the streaming platform’s subscribers.

Legal May 4, 2022

UK plans to set security and privacy requirements for app stores to protect users and their data

The UK government wants to increase its control over the App Store, Google Play, and other app stores. Newly proposed measures are aimed at increasing user privacy and security.

Industry News May 4, 2022

Roblox offers flexible remote work options to employees who don’t want to come back to office

Roblox has joined a number of game companies to introduce a hybrid working model. It will offer flexible options for all employees, both for those who want to return to the office and those who prefer to work remotely.