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Industry News May 15, 2020

Valve introduces Steam Labs Experiment 008: Play Next

Valve has rolled out a new experiment that will point players towards the next game they might want to play from their library.
Industry News May 14, 2020

AppLovin acquires Game of War developer Machine Zone

Mobile marketing platform AppLovin has acquired Machine Zone for an undiscloses amount. Machine Zone are creators of Mobile Strike, Final Fantasy XV: A New Empire, and hit strategy game Game of War: Fire Age.
Industry News May 14, 2020

Phil Spencer: video games industry to feel impact of pandemic in early 2021

Many video games companies are reporting unprecedented profits due to users’ increased engagement amid the pandemic. However, this doesn’t mean that the industry is immune to the ongoing crisis. In fact, the impact of coronavirus on the video games production will become obvious in the early 2021.
Industry News May 14, 2020

Ziva Dynamics raises $7 million

Vancouver-based ‍Ziva Dynamics raised $7 million in a seed funding round led by Grishin Robotics, Toyota AI Ventures, and Millennium Technology Value Partners’ New Horizons Fund.
Industry News May 14, 2020

Epic changes its royalties scheme

As part of its Unreal Engine 5 preview, Epic Games announced changes to its licensing policy. Now creators will only have to pay royalties to Epic once their games have generated over $1 million in revenue. This applies retrospectively to all games released after January 1st, 2020.
Industry News May 13, 2020

Slitherine launches K-Project to fund and publish indie strategy games

Legal May 13, 2020

Video games in and out of court (December 2019 — April 2020). Part Two.

Industry News May 13, 2020

Playrix games shoot past 1 billion downloads

Playrix now boasts over 1.1 billion downloads across its games, according to Sensor Tower.
Industry News May 13, 2020

Multiscription unveils Unleashd: subscription service for free-to-play games

Copenhagen, Denmark-based mobile gaming company Multiscription has announced Unleashd, a subscription service for free-to-play games.
Industry News May 12, 2020

Video games to generate $46 billion in 2024 in China

Niko Partners project that video games in China will bring in over $46.7 billion in 2024.
Industry News May 12, 2020

Sony launches PlayStation Studios brand

Sony is launching a brand uniting PlayStation exclusives developed by its first-party studios.
Industry News May 11, 2020

ChinaJoy 2020 NOT cancelled despite COVID-19 pandemic

China’s biggest trade show for the video games industry will take place in Shanghai from July 31 to August 3.
Industry News May 11, 2020

DOOM Eternal tops Steam best-selling list

Steam has posted last week’s top 10 best-selling games. A month after its release, DOOM Eternal has claimed the top spot.
Industry News May 11, 2020

Sony suspends PlayStation Store in China for “system security upgrade”

Sony has temporarily stopped selling games in China. The company took to social network Weibo to announce indefinite suspension of PlayStation Store China. The reason for the temporary closure is a “system security upgrade.”
Industry News May 8, 2020

Capcom enjoys record profits despite declining revenues

Capcom’s revenues declined 18.4 percent year-over-year to ¥81.6 billion ($766 million). This, however, didn’t stop the company from reporting  ¥15.95 billion ($150 million) in net profits, which is 27.1 percent more that in the fiscal year 2019.
Industry News May 8, 2020

Newzoo: games to generate $159.3 billion in 2020

In its latest report, Newzoo projects that in 2020 video games industry will generate $159.3 billion in revenue, up 9.3 percent from 2019. This will come from 2.7 billion gamers around the world.
Industry News May 8, 2020

Tokyo Game Show 2020 cancelled

Tokyo Game Show 2020 that was scheduled to run from September 24th to 27th, has been cancelled. The organizers are now planning an online event.
Industry News May 8, 2020

AppMagic: top games by downloads and revenue in April 2020

AppMagic rounded up the top mobile games by downloads and revenue in April 2020.
Industry News May 8, 2020

Final Fantasy VII Remake tops PS4 charts in April

The US PS Store posted April’s top games by downloads. There are separate top 10 charts for premium titles, free-to-play, DLC, and PlayStation VR.
Industry News May 7, 2020

Paris Games Week 2020 Cancelled

10th Paris Games Week, initially scheduled from 23rd to 27th October, has been cancelled.
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