Gaming deals activity in 2023 decreased by over 50% compared to record numbers of 2020-2022
The global games industry saw 567 closed deals in 2023, according to market intelligence platform InvestGame. The Activision Blizard deal fueled growth in the total deal value, but overall the investment climate remains turbulent.
PlayStation lacks understanding of how to generate sustainable profits, Sony Group president says
Sony has released its financial report for the third quarter of FY23 ended December 31, 2023. The company’s gaming business continues to grow, but leadership thinks that PlayStation, as a business unit, needs a better understanding of how to generate sustainable profits.
Baldur’s Gate 3 brought in $90 million for Hasbro in 2023, fueling its Digital Gaming segment’s growth
Hasbro has released its financial report for the full year ended December 31, 2023. Despite an overall revenue decline, the company saw solid growth in its Digital Gaming segment thanks to the success of Baldur’s Gate 3 and Monopoly Go.
Report: Immortals of Aveum’s budget totaled $125 million, with sales being “tiny fraction” of pre-launch projections
It is no secret that Immortals of Aveum, a first-person magic shooter developed by Ascendant Studios, turned out to be a commercial failure. But now a new report has emerged about the game’s estimated budget.
Baldur’s Gate 3 enters top 25 most-reviewed games on Steam, ahead of titles like RDR2, Skyrim, and Valheim
Baldur’s Gate 3 has reached a new milestone, reaching over 500k user reviews on Steam. This makes it one of the most-reviewed games on the platform of all time, ahead of many other successful releases.
Batman: Arkham Knight sees impressive spike in player count on Steam, surpassing Suicide Squad in daily CCU
The number of active players in Suicide Squad: Kill the Justice League has quickly dropped on Steam. It now has fewer concurrent users than Batman: Arkham Knight, Rocksteady’s previous game released nine years ago.
Exploring immersive sim game design with Raphaël Colantonio: “You basically let the player cheat the game”
During the recent WN Conference in Belgrade, we had a chance to speak with Raphaël Colantonio, creative director of WolfEye Studios and founder of Arkane. Check out our interview with one of the industry’s most prominent creative minds for a quick dive into the immersive sim genre and Raphaël’s approach to game development.
Microsoft says Activision planned to eliminate “significant number of jobs” before acquisition in its response to FTC
Microsoft has responded to a US Federal Trade Commission (FTC) complaint about the recent layoffs in its video game division. The company argued that Activision itself had planned to make the cuts long before the acquisition.
Palworld “could be taken as a signal to someone else with deeper pockets that Pokémon isn’t unassailable,” Mark Darrah says
Palworld has been causing debate since its launch, with Pocketpair also accused of plagiarism and the use of AI. Mark Darrah, veteran game developer and former BioWare producer, has shared his thoughts on the matter and what the game’s success could mean for Nintendo.
Disney invests $1.5 billion in Epic Games to build “transformational” games and entertainment universe
Epic Games has just received a $1.5 billion investment from Disney. Together, the companies will work on a multiyear project to create new games and other entertainment experiences as part of an “expansive” universe within Fortnite.
Paradox Interactive reports record revenue of $252 million for 2023, as Cities: Skylines tops 1 million copies sold
Paradox Interactive has published its financial report for the full year ended December 31, 2023. Despite strong revenue growth, the Swedish company is not satisfied with the quality and commercial performance of some of its games.