Ubisoft CEO Yves Guillemot has opened up Tencent’s recent investment in Guillemot Brothers Ltd. He noted that this deal won’t affect the company’s independence in any way, while also commenting on the latest share price drop.

Video games are now officially recognized as culture and art in South Korea. Developers will now be able to receive state support and participate in various cultural projects.

Ubisoft has highlighted new steps it is taking to improve workplace culture. However, A Better Ubisoft group criticized the company for the lack of progress and for not firing people accused of misconduct.

Despite mixed reviews and player reception, the reboot of the Saints Row series is selling well. According to the latest investor estimates, the game could reach at least two millions units sold before April 2023.

Jason Blundell has left Deviation Games, a studio founded by former Treyarch developers. The team will continue to work on a new AAA IP in partnership with PlayStation.

CD Projekt has shared some details about its content plans and business operations in the latest earnings call with investors. The company opened up about switching to Unreal Engine 5, the new Witcher saga, and the future of Cyberpunk 2077.

Square Enix has now officially handed rights to some of its Western franchises to Eidos Montreal and Crystal Dynamics. These studios will now be able to make new Tomb Raider and Deus Ex games under Embracer Group.

When it comes to game sales, Sony remained one of the biggest customers of Activision Blizzard for years. Microsoft, however, has been trailing behind not only PlayStation, but Google and Apple as well.

Indie studio Vodeo Games has announced that it will no longer be able to continue working. The team behind Beast Breaker couldn’t secure funding for new games.

CD Projekt has released a financial report for the first six months of 2022. The company shared key business results and opened up about the parallel development of two AAA games.

Launched on September 6, Circus Electrique combines Darkest Dungeon-like fights with circus management and puts it all in the grotesque setting of the steampunk Victorian London. We spoke with the Hungarian team Zen Studios about the game’s mechanics, their relationship with Saber Interactive, and their love for pinball.

Ubisoft saw its shares tumble after Tencent announced its decision to invest €300 million in Guillemot Brothers Limited. The news made the company’s investors worried about buyout prospects.

Tencent has invested in over 120 companies in the first half of 2022. It helped the Chinese tech giant become the fourth most active VC firm globally.

Mario Kart Tour has reached $293 million in player spending on iOS and Android. It is now Nintendo’s second highest-grossing mobile game.

CD Projekt has announced its second annual mentoring program called “Girls in the game!” (Dziewczyny w grze!). It will provide scholarships to 20 more talented candidates.

UK indie developer and publisher Chucklefish has announced another pay increase across the company. This is the second raise for employees this year.

The conference is positioned by its organizers as the “space for visionaries from advertising, marketing, and technology spheres in the mobile industry.” They are also waiting to see tech startups founders and investors who are interested in the mobile application business.

Sony Interactive Entertainment executive vice president Masayasu Ito will leave the company. He worked at Sony for almost four decades and led engineering on several PlayStation consoles.

Mobile publisher FunPlus and its subsidiary KingsGroup Games have celebrated the third anniversary of State of Survival with some big announcements.