Chamo Games is a new game studio formed by industry veterans. The team, comprised of former IO Interactive, Plarium, Riot Games, and Ubisoft devs, has already secured funding for its debut project.

Sony has released its financial report for the first fiscal quarter ended June 30, 2024. Just like other platform holders, PlayStation saw a decrease in hardware revenue.

Publisher Hooded Horse has added another successful indie project to its portfolio. Digital Sun’s strategy/tower defense game Cataclismo has reached an impressive sales milestone within two weeks of its release.

Steam is a global games platform, with its core audience spread across multiple regions (usually radically different from consoles). GameDiscoverCo recently analyzed geographical data to find the distribution of hit games by country.

WN Media Group has announced a new event, WN Connect Cologne’24. It will take place in two weeks ahead of the annual Gamescom conference, with representatives of Tencent, Epic Games, Unity, DECA Games, Behaviour Interactive, and Newzoo among expected attendees.

Square Enix has released its report for the first fiscal quarter ended June 30, 2024. The Japanese company posted a huge increase in operating profit despite weak sales.

Stormgate, a new RTS from former Blizzard developers, has been to a lackluster debut. Here’s a closer look at its launch and the highest-grossing games on Steam over the past seven days.

Another Crab’s Treasure has reached a new milestone in just over three months after its launch. The game has now sold 500k units globally.

Japanese stock markets have seen a severe meltdown, with investors panicking over fears of recession and other macroeconomic factors. This market sentiment has sent stocks of Japanese game companies tumbling.

NCSoft has released its financial report for the second quarter ended June 30, 2024. Here are the key business metrics and top-performing games.

It has been a month since the global launch of miHoYo’s new hit Zenless Zone Zero. According to new estimates, the game has already grossed almost $100 million on iOS and Android.

Microsoft and Activision have reportedly established a new game development team. It will focus on first-party projects with smaller budgets and will work as part of Blizzard Entertainment.

June 2024 was marked by the launch of the Shadow of the Erdtree expansion for Elden Ring, which helped the game return to the top of the charts. Overall, video game spending in the US declined slightly year-over-year.

It appears that another indie company has been hit with layoffs. Publisher Armor Games Studios recently laid off an unknown number of workers.

Nintendo has released its financial report for the first quarter ended June 30, 2024. The Japanese game maker saw declines in all key business metrics as the Switch enters its eighth year since launch.

Roblox has released its financial report for the second quarter ended June 30, 2024. The company also shared how much money it paid out to game developers.

Telegram has expanded its gaming features with the addition of its internal app store. It is designed to become a platform for developers of mini apps.

July 2024 would have been a fairly quiet period in terms of layoffs in the games industry, especially if Bungie hadn’t announced mass job cuts on the last day of the month.

Bungie is downsizing and restructuring its operations. The Destiny developer has decided to lay off 220 employees, or about 17% of its total workforce.