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Industry News May 7, 2024

Nintendo expects revenue and profit to decline in FY25 due to falling sales of Switch and video games

Nintendo has released its financial report for the fiscal year ended March 31, 2024. Despite growth in all key metrics, sales of Switch consoles continued to gradually decline. This led the Japanese company to lower its financial outlook for FY25.
Industry News May 7, 2024

Microsoft closes Arkane Austin, Tango Gameworks, and two other studios, calling it “reprioritization of titles and resources”

Microsoft has decided to close four internal studios that are part of Bethesda/ZeniMax. This comes just a few months after mass layoffs across the company’s gaming division.
Industry News May 7, 2024

Gray Zone Warfare tops Steam charts for both premium and F2P games, Total War: Warhammer III soars into top 5

The past seven days on Steam have been full of surprises in terms of new charts leaders. Let’s take a closer look at the weekly list of the top games by gross revenue.
Industry News May 7, 2024

Hades II peaks at over 79k concurrent players, making it one of Steam’s top 10 biggest launches of 2024

Supergiant Games has just released Hades II in Early Access on Steam and the Epic Games Store. The game has already become one of the biggest launches of 2024 in terms peak concurrent players.
Industry News May 6, 2024

Moon Studios CEO on why AAA exclusives ran their course and what’s next for Xbox/PlayStation: “We’re at a real turning point”

Moon Studios co-founder and CEO Thomas Mahler has shared his thoughts on the state of AAA game development. He believes that going multiplatform may be the only way for major publishers and corporations such as Microsoft and Sony to remain sustainable.
Industry News May 6, 2024

Bellwright hits 150k copies sold in 12 days, but players concerned about devs’ portfolio of abandoned EA games

Bellwright, an open world survival action RPG, has reached a new milestone in less than two weeks after its Early Access launch. According to Polish developer Donkey Crew, it has already sold over 150,000 units.
Industry News May 6, 2024

Helldivers 2 players prove review bombing can lead to positive change, as Sony drops PSN linking requirement

Just days after announcing a mandatory PlayStation Network account linking for Helldivers 2, Sony Interactive Entertainment has reversed this decision. This comes after a huge backlash from the game’s community.
Legal May 3, 2024

Google responds to Epic Games’ demands, saying Fortnite maker wants to “create a new global regulatory regime”

Google has finally responded to the extensive (and, in some places, wild) list of remedies proposed by Epic Games. The company called the demands unnecessary, arguing that they “would make it nearly impossible for Google to compete.”
Industry News May 3, 2024

Co-developer Paladin Studios shuts down after almost 19 years, laying off 45 people

Dutch developer Paladin Studios has announced the end of its 19-year journey. The company has established itself through collaborations with renown partners such as Nintendo, ZeptoLab, and Apple.
Industry News May 2, 2024

Over 1,000 games industry professionals lost their jobs in April, up 132% year-over-year

Game companies laid off at least 1,003 employees in April 2024. The industry continues to go through a tough period, with hundreds of jobs being cut every month.
Industry News May 2, 2024

Matthew Bromberg becomes new CEO of Unity: look back at his professional career, from EA to Zynga

Unity has finally appointed a new CEO following the resignation of John Riccitiello last year. Here is everything to know about the executive.
Marketing April 29, 2024

Gamelight helped mobile publisher JOYCITY deliver 257% ROAS growth from D7 to D30 in Japan and South Korea

South Korean mobile publisher JOYCITY has partnered with UA platform Gamelight to expand the player base of its title World War: Machines Conquest in certain regions. The main goal was to maximize the ROAS growth.
Industry News April 27, 2024

Clockmaker dev Belka Games lays off 20% of employees after revising its strategy

Belka Games has joined a growing list of studios that have conducted mass layoffs this year. The Cyprus-based mobile developer decided to cut several dozen workers.
Industry News April 27, 2024

Songs of Conquest sees surge in wishlists additions, approaching 500k mark ahead of 1.0 launch

Songs of Conquest, a turn-based strategy game inspired by classic titles in the genre, will leave Early Access next month. Judging by its metrics, it is in for a really strong launch.
Industry News April 27, 2024

Inside Manor Lords’ impressive launch: 159k concurrent players, 7th biggest release of 2024 on Steam

Manor Lords, which was the most wishlisted upcoming game on Steam, has just launched in Early Access. It has already amassed a huge audience in just the first few hours, so let’s take a closer look at the numbers.
Market Analysis April 26, 2024

Games industry deals totaled $4.9 billion in Q1, more than doubling year-over-year

Market intelligence platform InvestGame has analyzed gaming deal activity in the first quarter of 2024. Here are the key trends for various segments, including acquisitions and private investments.
Industry News April 26, 2024

Pokémon GO hits $8 billion in player spending: how it compares to other mobile AR games

Pokémon GO has been leading the AR segment on mobile for eight years now. According to AppMagic, the game has surpassed $8 billion in lifetime player spending.
Industry News April 26, 2024

Microsoft reports 51% rise in Q3 gaming revenue thanks to Activision Blizzard, but console sales plummet

Microsoft has released its financial report for the third quarter ended March 31, 2024. Here is how the company’s video game division performed in the three-month period.
Industry News April 25, 2024

Rotwood peaks at over 25k concurrent players, but faces wave of negative reviews from Chinese players

Don’t Starve developer Klei Entertainment has just released its new game, action roguelite Rotwood. Let’s take a closer look at its initial numbers and player reception.
Industry News April 25, 2024

Backpack Battles hits 640k copies sold in first month, with China accounting for nearly half of total

Backpack Battles has become one of the surprise indie hits of 2024. In its first month, the inventory management auto battler reached an impressive milestone of 640k units sold on Steam.
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