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Market Analysis July 4, 2024

Almost 80% of PC gamers in China use global version of Steam to play premium titles

PC gaming is on the rise in China, with playtime and spending growing year-over-year. Here are the key findings about the behavior of local players.
Market Analysis July 3, 2024

Co-op games accounted for nearly 40% of all games sold on Steam in 2023, and their popularity continues to grow

Co-op gaming is on the rise, and a new report by VG Insights takes a deep dive into the topic. Here are the key takeaways about the state of this category of games.
Industry News July 3, 2024

Surgent Studios founder on laying off over dozen devs: “We’re not alone here, but that doesn’t make it easier”

Surgent Studios joins a growing list of studios affected by layoffs. The indie team has laid off over a dozen employees just months after launching its debut game Tales of Kenzera: ZAU.
Deals July 3, 2024

Keywords Studios agrees to sell company for £2.1 billion, with plans of expanding into adjacent markets

Keywords Studios will soon become part of Swedish private equity firm EQT Group. The video game outsourcer’s board of directors has now approved the final bid worth more than £2 billion.
Game Development July 3, 2024

Nintendo has no plans to use GenAI in games, instead delivering value that “cannot be created through technology alone”

AI is a hot topic in the tech industry, with more and more companies talking about their plans to use LLMs and similar technologies in game development. Nintendo, however, has its own view on the matter.
Industry News July 2, 2024

The First Descendant peaks at nearly 230k concurrent players on Steam, but monetization issues lead to “Mixed” reviews

Nexon has just launched its new online third-person shooter The First Descendant. The game quickly drew a lot of attention from players, many of whom criticized its monetization elements, among other issues.
Industry News July 2, 2024

Drug Dealer Simulator 2 hits 100k copies sold, succeeding in trending subgenre with median revenue of $70k

Steam is home to games of many unusual subgenres, and the niche of titles simulating various professions and (sometimes not-so-legal) occupations is becoming increasingly populated. The recent success of Drug Dealer Simulator 2 fits well into this trend.
Industry News July 2, 2024

Cyberpunk 2077 and BG3 return to top 10 highest-grossing games on Steam, Elden Ring remains #1

The Summer Sale has helped many older hits return to the top positions on the Steam charts. Here are the best-selling games on the platform over the past seven days.
Deals July 2, 2024

Daybreak Game Company snaps up Palia dev Singularity 6 amid financial struggles and layoffs

Daybreak Game Company, a subsidiary of Swedish holding company EG7, has announced a new M&A deal. The publisher has purchased indie studio Singularity 6, known for its online life sim Palia.
Industry News July 1, 2024

Nintendo only considers games with 30+ million copies sold to be big hits, striving for that standard with every title

According to prominent game designer Shigeru Miyamoto, Nintendo has its own approach to measuring the success of its games. And it strives for this high standard with every game it is produces.
Deals July 1, 2024

Capcom acquires animation company Minimum Studios to move closer to its goal of 100 million copies in annual sales

Capcom is expanding by adding a new subsidiary to its corporate structure. The Japanese publisher now owns a majority stake in a Taiwanese studio specializing in video game animation.
Industry News July 1, 2024

Over 630 games industry professionals lost their jobs in June, bringing the total so far this year to around 11k

The number of layoffs in the games industry continues to grow. Hundreds of people from studios around the world lost their jobs last month.
Industry News July 1, 2024

Steam sets new CCU record with nearly 37 million concurrent users recorded during Summer Sale

Steam’s audience and engagement continue to grow. The platform has just set its new record for the number of concurrent users.
Industry News June 28, 2024

Valve introduces new chart featuring top Steam Deck games based on unique users and interest

Valve has revealed the official Steam Deck chart updated on a daily basis. Now everyone can see the most played games on the portable PC.
Industry News June 28, 2024

Tencent added over $90 billion in market value this year following success of DnF Mobile

Investors appear to be optimistic about Tencent and its future prospects. The Chinese tech giant has increased its market cap by $91 billion since January 1, 2024.
Industry News June 28, 2024

Kadokawa confirms large-scale hack, with attackers threatening to release 1.5 TB of internal data

Japanese media company Kadokawa, which also owns Elden Ring developer FromSoftware, has suffered a major hack. After breaching the network, the attackers gained access to many internal files and confidential information.
Industry News June 27, 2024

Forza Horizon 4 races to its new all-time high of 71k concurrent players on Steam, up 550% from previous month

Forza Horizon 4 will become unavailable for digital purchase later this year. This led to tens of thousands of players joining the game at the same time.
Industry News June 27, 2024

Elden Ring: Shadow of the Erdtree sells 5 million copies in three days: how it compares to other 2024 games

Shadow of the Erdtree has delivered impressive results after topping charts and attracting hundreds of thousands of concurrent players. Here is how its launch sales compare to the base game and other 2024 releases.
Industry News June 27, 2024

A Way Out sells 9 million copies: “We never dared to dream of this many people playing our game”

A Way Out, debut game from Hazelight Studios, has reached an impressive milestone. The co-op hit has sold over 9 million units since its launch.
Industry News June 27, 2024

Dave the Diver surpasses 4 million copies sold across all platforms in 12 months

It’s been a year since the launch of Dave the Diver. To celebrate the anniversary, developer Mintrocket shared an updated on the game’s sales, as well as other stats.
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