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Industry News July 29, 2024

Capcom’s Q1 report: revenue falls 32.5% to $192 million, profits almost halve, 97% of game sales come from back catalog

Capcom has released a financial report for the first quarter ended June 30, 2024. Despite seeing declines in all key business metrics, the Japanese publisher remains optimistic about its full-year results.
Industry News July 26, 2024

Manor Lords already grossed over $60 million, or why players shouldn’t judge games’ success by CCU alone

The number of concurrent users (CCU) is often the only publicly visible data for most titles in the market. Here is what Hooded Horse CEO Tim Bender thinks about this metric and its limitations.
Industry News July 26, 2024

Steam revamps game demos with separate store pages, user reviews, and other features

Valve continues to improve the Steam platform, with the latest update focusing on game demos. The new features offer a complete overhaul of how they work and behave on the store.
Industry News July 26, 2024

Video game actors go on strike over AI, with SAG-AFTRA saying companies only interested in “flagrant exploitation”

SAG-AFTRA and game companies have failed to reach an agreement on the use of generative AI in the industry. As a result, voice actors will go on strike starting at 12:01 a.m. today.
Industry News July 25, 2024

Hasbro expects Monopoly Go! and BG3 to bring in $135 million in combined licensed revenue in 2024

Hasbro has published its financial report for the second quarter ended June 30. Let’s take a closer look at the performance of the company’s Digital Gaming segment and its plans for the future.
Industry News July 25, 2024

Paradox says no to games with “high risks and high costs” like Life by You after posting 90% drop in Q2 profit

Paradox Interactive has released its financial report for the second quarter ended June 30. The publisher experienced a significant decline in both revenue and profit.
Industry News July 25, 2024

Ender Lilies: Quietus of the Knights hits 1.5 million copies sold: what to know about its developer Adglobe

Ender Lilies: Quietus of the Knights is a 2D metroidvania developed and published by Adglobe’s subsidiaries, Live Wire and Binary Haze Interactive. The game recently reached a new sales milestone.
Industry News July 25, 2024

World of Warcraft devs form largest union at Blizzard, representing more than 500 workers of all disciplines

A group of Blizzard employees has organized the first wall-to-wall union at the studio. It includes the entire World of Warcraft development team.
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.
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