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Industry News April 28, 2021

Nexon buys $100 million in Bitcoin, which represents almost 2% of company’s total cash

Nexon has become the first gaming company to publicly purchase cryptocurrency buying 1,717 Bitcoins for $100 million.
Industry News April 28, 2021

Microsoft reports over $3.5 billion in gaming revenue for record-breaking third quarter

Microsoft’s gaming business continues to grow, according to the company’s financial report for the third quarter (ended March 31).
Industry News April 28, 2021

Sony expects operating profits for its gaming business to fall 5 percent in FY2021

Following a record-breaking year (the Game & Network services reported ¥2,656bn in revenue and ¥ 342.2bn profit), Sony is bracing for weaker profits in many of its businesses including games. The company expects operating profits for PlayStation to fall 5 per cent to ¥325bn in FY2021.
Industry News April 28, 2021

German advertisers file antitrust complaint against Apple as it rolls out new privacy settings

A number of German media companies refused to just accept the new privacy policy Apple rolled out with its iOS 14.5 on Monday. They filed a complaint with the German Federal Cartel Office claiming Apple is abusing its market power.
Industry News April 27, 2021

Oscars ratings hit all-time low, showing colossal difference with The Games Awards records

Famous games industry analyst Benji-Sales compared the ratings of the latest Oscars and The Game Awards, showing the drastic difference in numbers. However, this comparison isn’t 100% accurate.
Industry News April 27, 2021

Angry fan attempts to assassinate miHoYo co-founders over controversial update

The news surfaced this week that on April 24 an unnamed individual attempted to assassinate the founders of miHoYo. Fortunately, no one was harmed, with the perpetrator arrested at the scene.
Industry News April 27, 2021

PlayWay tops Steam publishers by wishlists, outshining EA, Square Enix, and SEGA

What publisher do you think has the most wishlists on Steam? Well, the answer is Polish company PlayWay, known for its controversial marketing schemes and numerous simulators and builders.
Industry News April 27, 2021

Embracer becomes ISFE member

Embracer Group has joined Interactive Software Federation of Europe (ISFE), the independent federation, representing the interests of the European video game industry.
Industry News April 27, 2021

Upcoming pirate RPG Corsairs Legacy to become Sea Dogs and Age of Pirates spiritual heir

IT company Mauris is developing new pirate RPG Corsairs Legacy, which will be divided into three different games. The project will be a spiritual heir to the famous Russian series started with Sea Dogs in 2000.
Industry News April 27, 2021

MARVEL Super War: NetEase’s chance to challenge Tencent in China’s mobile MOBA market

NetEase has announced pre-registrations for Marvel Super War in Mainland China. It might be a challenge for NetEase to win a share of the market dominated by Tencent.
Industry News April 26, 2021

CD Projekt board members reporterdly earned millions after Cyberpunk 2077 commercial success

CD Projekt’s employees and shareholders will receive huge bonuses after seeing record-breaking revenue and net profit for 2020. The lion’s share of the bonus money will go to the company’s board members.
Industry News April 26, 2021

Leaked FIFA 21 internal document suggests EA encourages players to spend on loot boxes

An internal FIFA 21 presentation suggests Electronic Arts is actively trying to encourage players to spend real money on loot boxes.
Industry News April 26, 2021

Respawn becomes first Oscar-winning dev for in-game documentary Colette

Short documentary Colette, featured in the Oculus VR game Medal of Honor: Above and Beyond, won ‘Best Documentary (Short Subject)’ at the Oscars.
Industry News April 26, 2021

Parkour battle royale Naraka: Bladepoint surpasses 140,000 concurrent players during playtest

Chinese studio 24 Entertainment launched an open beta of its debut game Naraka: Bladepoint using the Playtest tool. The new battle royale has already become one of the most popular games on Steam, hitting over 140,000 concurrent players.
Industry News April 26, 2021

NieR Replicant remaster debuts both in 1st and 9th place of Steam chart

The remaster of NieR Replicant has become the best-selling game on Steam just two days after its release, displacing It Takes Two from the top.
Industry News April 23, 2021

Australian indie studio Mighty Kingdom goes public through IPO at market cap of A$24.5 million

Mighty Kingdom, known for games like Peter Rabbit Run! and Shopkins, has become public after raising A$18 million in IPO funding earlier this year.
Industry News April 23, 2021

Xsolla acquires advanced data analytics company Slemma

This acquisition means that all of Slemma’s tools, including dynamic data reports and dashboards, will be integrated into Xsolla’s platform.
Industry News April 23, 2021

Program announced for WN China

WN China kicks off April 26. The hybrid show will strongly focus on China’s video games market, its game developers, publishers, leading services and platforms.
Industry News April 23, 2021

Russia’s government to create fund for developers of patriotic video games

This initiative was promoted by local IT companies, Mail.ru Group and Yandex. Its main goal is to support games that popularize Russian history and culture. However, some industry experts are against it.
Industry News April 22, 2021

CD Projekt earned over $560 million in 2020 and refunded around 30,000 Cyberpunk 2077 copies

CD Projekt issued its annual report for the fiscal year ended December 31. The company reached a record-breaking revenue, which was up 310% from the previous year. It also shared information about Cyberpunk 2077 sales and budget.
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