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Industry News July 24, 2024

Hero Wars: Alliance hits $1.5 billion in lifetime revenue while surpassing 150 million downloads

GDEV, parent company of game developer Nexters, has announced a new major milestone for its flagship title — mobile battler Hero Wars: Alliance.
Industry News July 24, 2024

Naraka: Bladepoint Mobile to generate $880 million in China alone in its first year, analysts expect

NetEase is ready to launch the mobile version of its successful battle royale Naraka: Bladepoint in China. Analysts are optimistic about the game’s future, which also had a positive effect on the Chinese company’s stock.
Industry News July 24, 2024

Veteran game designer Davide Soliani leaves Ubisoft: look back at his nearly 30-year career

Davide Soliani has decided to leave Ubisoft, where he spent most of his career. The Mario + Rabbids creative director is now preparing for the next chapter of his journey.
Industry News July 24, 2024

Marvel Rivals’ early metrics look promising as NetEase’s shooter peaks at over 52k concurrent players in closed beta

Marvel Rivals, an upcoming PvP hero shooter from NetEase, is showing great numbers at the start of its closed beta. The game has already attracted tens of thousands of concurrent users on Steam alone.
Industry News July 24, 2024

Humble Games denies reports of its closure, but more evidence points to “total shutdown” amid mass layoffs

Humble Games, a publishing arm of Humble Bundle, has been hit with mass layoffs. The company went on to deny reports of its full closure, calling the process a “restructuring of operations.”
Industry News July 23, 2024

Number of employees at Chinese game companies decreased by more than 10k people in 2023, new study finds

A new study sheds light on the scale of staff reduction across the Chinese games industry. The number of professionals employed by local companies fell by thousands last year.
Industry News July 23, 2024

No Man’s Sky returns to top 10 highest-grossing games on Steam, while Norland debuts at #16

No Man’s Sky has risen again with the release of a new update. However, Hello Games’ survival hit wasn’t the only big winner on Steam over the past seven days.
Industry News July 23, 2024

Showcasing game trailer at Gamescom ONL cost at least €57.5k, with prices for spot at main show going up to €265k

It can be quite expensive for developers and publishers to showcase their games during Gamescom Opening Night Live. Here are the official prices for the Geoff Keighley’s upcoming event.
Industry News July 22, 2024

Global version of Honor of Kings hits 50 million downloads in first month of its launch outside of China

Honor of Kings, one of the highest-grossing mobile games of all time, launched outside of China on June 20. Tencent has now revealed the first major milestone for its hit MOBA.
Featured July 22, 2024

Players have near-zero interest in Concord as Sony seems to be driving itself into live service trap

Concord, an upcoming hero shooter from Sony’s Firewalk Studios, doesn’t look promising. While burying the game before launch might be too much, early metrics clearly point to a major problem with modern publishers’ unhealthy obsession with live services.
Industry News July 22, 2024

KingsRoad developer Rumble Entertainment closes its doors after 13 years

Rumble Entertainment joins a growing list of studios that have been shut down in recent months. The mobile and web game developer has closed its doors after 13 years.
Legal July 19, 2024

[UPD] FTC accuses Microsoft of “product degradation,” criticizing recent Game Pass price hike

The US Federal Trade Commission (FTC) is going after Microsoft with new accusations. The regulator believes that the company is violating the promises made before the acquisition of Activision Blizzard.
Industry News July 19, 2024

Pacific Drive exceeds Ironwood’s expectations, selling over 600k copies since launch

Pacific Drive, an exploration survival game focused on driving through a mysterious exclusion zone, is one of the most notable indie hits this year. The game has exceeded developer Ironwood Studios’ expectations.
Industry News July 19, 2024

Take-Two warns investors that review bombing may lead to loss of revenues and “reputation harm”

GTA publisher Take-Two has updated the list of risk factors that may affect its financial performance and business reputation. One of the new additions is review bombing.
Industry News July 19, 2024

Ubisoft reports €290 million in Q1 net bookings, exceeding targets thanks to XDefiant launch and back catalog

Ubisoft has published its financial report for the first quarter ended June 30. The company’s outperformed expectations thanks to its strong back catalog and the launch of XDefiant.
Market Analysis July 18, 2024

80 million copies of games sold across Europe in first half of 2024, with EA Sports FC 24 topping charts

European players continue to actively spend money on games. Sales in the region remained strong in the first half of 2024 despite a slight decline compared to the same period last year.
Industry News July 18, 2024

New studio Blue Scarab Entertainment raises $7 million to develop UE5-based MMORPG with “cozy escapism” and true crime

Blue Scarab Entertainment is a new indie studio formed by a group of industry veterans. The team has already secured funding in a seed round for its debut MMORPG.
Events July 18, 2024

Program announced for WN x ChinaJoy International Summit Shanghai’24, with talks from Niko Partners, Esigame, and Pixonic

On July 25, the organizers of the WN Conference and ChinaJoy, the largest video game conference in Asia, will bring together games industry professionals at a special international summit in Shanghai. Here are the details about the event’s program.
Market Analysis July 18, 2024

Only 232 of 8,000+ games released on Steam in first half of 2024 got 1,000 or more reviews: top genres and trends

There are several genres that Steam players love the most, but the market as a whole is not stagnant. Game marketing expert Chris Zukowski has analyzed how many games and in what niches performed the best in the first half of 2024.
Market Analysis July 17, 2024

PwC: Games market revenue to surpass $330 billion in 2028, with mobile gaming accounting for over 75% of total

Gaming remains one of the fastest-growing sectors within the entertainment industry, according PricewaterhouseCoopers (PwC). Analysts have shared a new forecast for the growth of the global video game market over the next five years.
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