Newzoo published a report on IP-based mobile games. The analysts calculated that titles based on the Chinese novel Journey to the West earn almost 2.5 times more than all mobile games based on Marvel’s intellectual property combined.

TiMi Studios is known for mobile games like Call of Duty Mobile and Honor of Kings. The company reached $10 billion in revenue last year and, from now on, will also be developing titles for other platforms.

It only took an hour and a half for co-op action game Outriders to reach over 100,000 concurrent players. This achievement made the game the biggest Steam launch for Square Enix.

Manticore Games is a team behind Core, the platform that lets people create their own games united into one multiverse. The company raised $100 million, and some investors call it “Roblox for adults.”

Three Kingdoms Tactics has already become one of the top-grossing mobile games on iOS of 2021. Overall, the Alibaba-published title reached $1.2 billion in lifetime revenue.

Microsoft will deliver 120,000 AR headsets to the US Army. The device is based on HoloLens 2 and lets soldiers see in the dark and project additional information on a visor. The deal is worth $21.88 billion.

Another Chinese giant tries to make its way into the gaming industry. Video sharing website Bilibili made a $123 million investment in local distribution platform TapTap owned by X.D. Network.

New research published by Activision claims that a widely used cheat for Call of Duty: Warzone was, in fact, malware allowing hackers to take control of gamers’ computers.

Data analytics company Nielsen is closing its SuperData gaming department as a stand-alone entity. Experts suggest that the gaming data market is overcrowded.

Epic Games is in talks with investors to raise $1.7 billion. The company is currently valued at around $28 billion.

Journalist and industry nsider Jeff Grubb claims that Remedy Entertainment is working on the second installment in the Alan Wake franchise.

Players will no longer be able to play PUBG Lite, a special version of the battle royale for low-end PCs. The developers announced that they will close the game’s servers on April 29.

Sony’s plans to close PS3, PSP, and PS Vita stores have affected not only gamers but also a lot of indie developers. They are at risk of losing games they spent years developing and their money forever.

It seems that investors weren’t in awe of CD Projekt’s new strategy suddenly revealed yesterday. The company’s stock was down 9% yesterday and continued to fall after the presentation.

Promethean AI is a new technology developed by Naughty Dog’s former technical art director. It is the world’s first artificial intelligence that “works together with artists, assists them in the process of building virtual worlds.”

Brian Bulatao has become a new chief administrative officer at Activision Blizzard. He worked as COO of the CIA and was a member of Donald Trump Administration. The company, however, decided to not publicly announce the appointment.

King-developed mobile runner Crash Bandicoot: On the Run has already become a huge hit. According to Sensor Tower, it has surpassed a milestone of 25 million downloads on mobile platforms in less than a week.

Video games industry association IGEA has rolled out a report on the funding schemes or tax offsets available to video games developers across the globe.

MY.GAMES published research of Russia’s video games market. The company estimated its volume for 2020 at 163.4 billion rubles ($2.2 billion).