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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.
Industry News July 17, 2024

Little Kitty, Big City hits 2 million players on Game Pass, with around 500k copies sold between Steam and Switch

After leaving Valve and going indie, veteran game designer Matt T. Wood found success with his studio Double Dagger and cute adventure title Little Kitty, Big City. Here is some new data about the game’s commercial performance.
Industry News July 17, 2024

Arma 3 sold over 500k copies during Steam Summer Sale, also breaking its record for most units sold in one day

The Steam Summer Sale has been a success for Bohemia Interactive. Here is how the studio’s tactical shooter Arma 3 performed during the event.
Industry News July 16, 2024

Forza Horizon 5’s race to whopping 40 million players and how it compares to other Xbox first-party games

Forza Horizon 5 has reached an impressive milestone in less than three years after its launch. The game remains one of the most successful Xbox first-party games.
Market Analysis July 16, 2024

ERA: UK game sales fell 30% to £348 million in first half of 2024 due to lack of new major releases

ERA, the UK’s digital entertainment and retail association, has published a report on the state of the domestic market for the first six months of 2024. The data shows a significant decline in video game sales.
Industry News July 16, 2024

Once Human debuts in top 10 on Steam charts, PUBG reclaims first spot thanks to collaboration with Lamborghini

It’s time for a weekly review of the highest-grossing games on Steam. Last week, four of the top 5 products on the platform were free-to-play titles.
Market Analysis July 15, 2024

Tencent leads mobile publishers by revenue in first half of 2024, with Scopely, miHoYo, and Supercell in top 10

Tencent continues to dominate the mobile games market thanks to its portfolio of multi-billion dollar hits. Here are the top-grossing publishers on iOS and Android for the first half of 2024.
Industry News July 15, 2024

What questions investor may ask game developer at initial meetings: guide from Narwhal Accelerator

Communicating with an investor is challenging and might be confusing for game developers who have never attempted to secure funding before. This brief guide from Narwhal Accelerator can help teams prepare for an important meeting.
Industry News July 15, 2024

Valve employed only 336 people in 2021, but spent over $444 million on gross salaries

Valve is still a private company, so most information about its operations and finances remains undisclosed. But thanks to new court documents, we can now get a glimpse of some of the internal data.
Game Development July 12, 2024

GameMaker sees 63% surge in new users aged 13-17 after making engine free for non-commercial use

GameMaker is one of the most accessible game engines. And the team has found that more and more young users are trying out the engine thanks to its free license tier.
Industry News July 12, 2024

Shift Up raises $320 million in IPO, largest for game company in South Korea since Krafton

Shift Up has finally gone public. The Stellar Blade developer’s IPO was the largest in South Korea for a game company in almost three years.
Industry News July 11, 2024

Once Human becomes 9th biggest launch on Steam this year by peak CCU, but its terms of use cause controversy

Once Human is a new free-to-play multiplayer shooter with survival elements from NetEase’s subsidiary Starry Studio. The game has shown impressive numbers at launch, but player reception has been mixed so far.
Industry News July 10, 2024

Loop Hero generates 1 million downloads on mobile, with “significant number” of users buying full version

Loop Hero has already hit 1 million downloads on iOS and Android. French publisher Playdigious, which released the mobile version, said the game performed above expectations.
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