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Industry News April 3, 2024

Stellar Blade and Nikke developer Shift Up reports 516% operating profit growth in 2023

Shift Up has shared its 2023 financial results. The South Korean developer experienced significant increases in annual revenue and profit.
Industry News April 2, 2024

InvestGame shares list of 60 funds focused on games industry, filtered by deal types, regions, and verticals

In a turbulent time for the games industry, many developers are struggling to secure investment. Market intelligence platform InvestGame has just published a curated list of gaming-focused funds, opening it up to everyone.
Industry News April 2, 2024

[UPD] Content Warning tops 140k concurrent players, becoming another April Fool’s success for TABS maker Landfall

Landfall doesn’t just make April Fool’s jokes, but always releases actual playable projects on this special day. This year, the Totally Accurate Battle Simulator (TABS) developer hit the jackpot by launching goofy co-op horror Content Warning.
Industry News April 2, 2024

Helldivers 2 reclaims its title of highest-grossing premium game on Steam, with FFXIV up 40 positions

Another week, another edition of Steam’s weekly top sellers chart. With Helldivers 2 still dominating other premium games, let’s take a look at titles that saw their gross revenue increase and decrease the most week-over-week.
Industry News April 2, 2024

Dragon’s Dogma 2 hits 2.5 million copies sold, bringing franchise’s total sales to 10 million units

Capcom has shared the launch sales of Dragon’s Dogma 2, its first major release of 2024. The game has been a success, with over 2.5 million copies sold globally since its launch on March 22.
Market Analysis April 1, 2024

Analyst: 4% of Fortnite Creative devs make $20k or more in annual revenue, with 40 creators becoming millionaires

Epic Games has been actively developing the UGC side of Fortnite for a while now, attracting thousands of third-party creators and paying them hundreds of millions of dollars in total. Here is how so-called engagement payouts are distributed among developers.
Industry News April 1, 2024

Over 600 games industry workers lost their jobs in March, relative lull compared to beginning of 2024

March was a relatively calm month in terms of layoffs compared to the storm that hit January and February. However, hundreds of people in the games industry still lost their jobs.
Industry News April 1, 2024

WN Academy launching new B2B Sales in Games Industry course hosted by Julia Lebedeva

In April, the WN Academy educational platform will launch a new course dedicated to B2B sales in the games industry. It will be hosted by Julia Lebedeva, COO and partner at WN Media Group.
Industry News April 1, 2024

Astarion writer Stephen Rooney leaves Larian after 9 years: “It’s been a life-changing journey”

Larian Studios senior writer Stephen Rooney has left the studio after almost nine years. He is responsible for creating one of the most memorable characters of Divinity: Original Sin 2 and Baldur’s Gate 3.
Industry News March 29, 2024

Hasbro invested $1 billion in AAA games following success of Baldur’s Gate 3 and Monopoly Go

Hasbro, parent company of Wizards of the Coast, plans to strengthen its position in the video game industry. To achieve this goal, the owner of brands like Dungeons & Dragons and Monopoly has split $1 billion between studios working on several AAA titles.
Industry News March 29, 2024

Embracer receives acquisition offers for its subsidiaries on “weekly basis,” has no plans to restart its M&A engine

Divestments of Saber Interactive and Gearbox Entertainment were the last major parts of Embracer Group’s restructuring program. The Swedish holding company plans to retain its remaining portfolio, having no plans to enter into any deals in the near future.
Industry News March 29, 2024

Cozy builder Summerhouse hits 120k units sold in two weeks, proving to be success for solo dev Friedemann

Summerhouse is a very minimalistic and relaxing town builder. Its simple formul and the lack of strict rules has resonated in the hearts of the players, becoming a huge success for German solo developer Friedemann.
Industry News March 29, 2024

Epic and Game Pass deals diminishing for indie devs: “Maybe another paradigm shift is waiting for us”

It has always been hard for smaller developers to get funding or make sure that their games don’t flop in the oversaturated market. However, things could get even bleaker, with Xbox and Epic Games reportedly cutting the size of deals they are offering.
Industry News March 28, 2024

Cyberpunk 2077 franchise hits $752 million in revenue, annual profit up 39%: CD Projekt announces 2023 results

CD Projekt has just released its 2023 financial report, posting strong growth in both revenue and net profit. The company also disclosed the lifetime revenue of Cyberpunk 2077 and provided an update on its game development pipeline.
Industry News March 28, 2024

Don’t Nod posts record revenue for 2023, reorganizing its business into three genre-based branches

Don’t Nod has released its financial report for the full 2023. The French company has reached record revenues, also announcing a reorganization of its business to strengthen its position in the three genres it specializes in.
Industry News March 28, 2024

Relic Entertainment going independent, with SEGA also laying off 240 employees in Europe

Sega continues its business restructuring, which affects its European teams. The Japanese publisher has just announced new layoffs and the sale of Company of Heroes developer Relic Entertainment.
Deals March 28, 2024

Take-Two snaps up Gearbox for $460 million, as Embracer Group continues to divest its core assets

Shortly after the divestment of Saber Interactive, another operative group is leaving Embracer. The Swedish holding company has just announced its decision to sell Gearbox Entertainment to Take-Two.
Market Analysis March 27, 2024

Helldivers 2 became highest-grossing game on PC and PS5 in February, with US and UK as top markets by revenue

Market intelligence firm Newzoo has shared some data on Helldivers 2, one of the most successful releases of 2024 so far. Here is how Arrowhead’s co-op shooter performed across various metrics last month.
Industry News March 27, 2024

Godot doubled its user base in month after Unity rolled out its controversial pricing update

Godot has seen a significant increase in its user base following last year’s controversy surrounding Unity’s new pricing policy. Seems like a big win for the open-source engine.
Industry News March 27, 2024

Phil Spencer outlines main problems in games industry, including publishers “fighting over the same-size pie” and rising costs

The games industry, especially the console market, is stagnating, according to Microsoft Gaming CEO Phil Spencer. He believes that this leads to several major problems, outlining possible solutions that Xbox and other publishers could take to drive the growth.
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