Tencent has released its report for the fiscal year ending December 31, 2021. The tech giant still remains the largest game company by revenue, although domestic restrictions continue to slow down its growth.

Activision Blizzard is getting closer to settling a lawsuit filed by the US Equal Employment Opportunity Commission (EEOC) last year. The judge will likely approve a $18 million fund the company created to compensate employees claiming harassment damages.

G5 has released a new statement, saying that its employees located in Ukraine and Russia are now leaving their countries. The company also condemned the actions of the Russian government, adding that it will stop distributing its games in the country.

Sierra On-Line founders are back in business. Ken and Robert Williams have announced that they are now working on a 3D version of Colossal Cave Adventure, one of the first and most influential adventure games ever.

In the wake of CD Projekt RED’s announcement to use UE5 for a new Witcher game, we’ve rounded up a few other studios that have switched to Unreal Engine. Epic’s framework provides devs with more opportunities and better documentation, and, importantly, it also makes hiring new people a lot easier.

GDC has officially canceled registrations and tickets for game developers from Russia. The organizers made this decision in the interest of the conference’s attendees.

A new game in The Witcher series is now in the making, as CD Projekt RED officially announces the beginning of the new saga. The company has also revealed that the game will be built with Unreal Engine 5.

Sony has announced an acquisition of Haven Studios, which was founded by Jade Raymond last year. The team is now working on the exclusive live service game for PlayStation 5.

Russia has officially recognized Meta as an “extremist organization,” meaning that the company’s business and services are banned in the country. However, people will still be able to use Facebook and Instagram despite them being blocked.

Unity has announced that its Gaming Services will leave open beta in June 2022. The new suite of tools should help developers create and manage cross-platform multiplayer games built with the engine.

Moon Studios, a 100% remote team known for the critically acclaimed Ori series, has been accused of toxic workplace culture. The mismanagement reportedly resulted in mental health problems for employees and could have become the reason for Microsoft to part ways with the studio.

Epic Games will be donating all the Fortnite proceeds for the next two weeks to humanitarian relief efforts in Ukraine. Microsoft has also joined the initiative by providing additional help.

Humble has launched the Stand with Ukraine bundle, which has raised nearly $10 million so far. 100% of the proceeds will go to humanitarian crisis relief efforts.

Amazon Games and Smilegate have addressed negative comments within the Lost Ark community about pay-to-win elements in the MMORPG. According to the developers, it wasn’t their intent to frustrate so many players.

Chucklefish has handed the publishing rights for the mobile version of Stardew Valley back to its creator Eric “ConcernedApe” Barone. From now on, he will be self-publishing the game on all platforms.

An itch.io bundle launched by Necrosoft Games director Brandon Sheffield closes after 10 days. Almost 450 people supported the fundraiser, donating $6.3 million for humanitarian efforts.

Ubisoft has revealed its new cloud technology Scalar, which will be used for creating next-gen virtual worlds. The purpose is to populate them with huge numbers of players and update them in real time.

Electronic Arts has opened pre-registrations for Apex Legends Mobile. As a result, the upcoming mobile title has already attracted over 7.5 million Android users.

Steam has stopped sending payments to Russia and Belarus. The restriction, however, also applies to Ukraine, which made local indie developers angry.