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Industry News May 22, 2024

PlayStation might be working on mobile platform for developing, publishing, and operating F2P games

It appears that Sony has plans to accelerate its mobile expansion. The Japanese company currently has its own mobile platform in development.
Industry News May 22, 2024

Arrowhead co-founder Johan Pilestedt steps down as CEO to focus solely on making games and creative decisions

Arrowhead Game Studios has just announced its new head. The company’s co-founder and longtime CEO Johan Pilestedt is stepping down to focus more on the creative side of things.
Industry News May 22, 2024

VG Insights: Fallout TV show might bring Bethesda $80 million in additional game-related revenue

Sales of Fallout games have skyrocketed since the launch of the TV series on Amazon. VG Insights used data from its platform to estimate how much revenue the popularity of the show’s first season would generate for Bethesda.
Industry News May 21, 2024

Thunderful Group ditches distributing business to focus entirely on game development and publishing

Another Swedish holding company continues to struggle financially. As part of its ongoing restructuring, Thunderful Group has decided to divest the remaining parts of its distribution business and simplify its strategy.
Industry News May 21, 2024

Allen Adham on Blizzard’s design philosophy, hiring gamers, and LiveOps: “Strategic depth does not require complexity”

Blizzard Entertainment co-founder and former chief design officer Allen Adham has opened up about the studio’s early days, also sharing his design principles and how to scale game development teams.
Industry News May 21, 2024

Ghost of Tsushima tops Steam charts among premium games, BG3 and Cyberpunk 2077 return to top 10

Ghost of Tsushima proves that Sony’s first-party titles can succeed on PC even years after their initial console launch. Let’s take a look at the top titles on Steam by gross revenue over the past week.
Deals May 21, 2024

Nintendo snaps up Shiver Entertainment from Embracer to bring more third-party games to Switch

Nintendo has announced a new M&A deal, acquiring Miami-based developer Shiver Entertainment. The studio, which specializes in game ports, will no longer be part of Embracer Group.
Events May 20, 2024

WN Conference Istanbul’24 to take place on June 11-12, bringing together gamedev talents and experts like Rami Ismail

Let’s take a look at the first details of the upcoming WN Conference, which will take place next month in Istanbul, one of the world’s most popular transport hubs. The event is expected to bring together more than 1,500 games industry professionals.
Industry News May 20, 2024

Larian Studios opens new office in Poland, its 7th, as it starts development of two “very ambitious” RPGs

Larian Studios is expanding by opening its seventh office worldwide. The new Warsaw-based hub will join the rest of the team to work on the company’s next ambitious RPGs following the success of Baldur’s Gate 3.
Industry News May 20, 2024

Keywords Studios shares surge 62% following £2 billion acquisition proposal from EQT Group

Swedish private equity firm EQT Group has proposed to acquire Irish outsourcing company Keywords Studios. As a result, the developer saw the largest increase in its share price since going public in 2013.
Industry News May 17, 2024

Squad Busters hits 5 million downloads faster than any other Supercell game

Squad Busters, one of several games currently in development at Supercell, is now publicly available in eight countries, including Canada, Mexico, Spain, and Finland. Judging by its metrics, the game is up to a promising global launch.
Legal May 17, 2024

Exploring copyright protection for AI-generated works in Asia: revolutionary future or legal chaos?

Will generative AI be orderly progress or a copyright battlefield? Here is a deep dive into the topic by two experts from the REVERA law group, head of arbitration & IT disputes subpractice Kamal Tserakhau and associate Andrei Rutkouski.
Industry News May 17, 2024

Ghost of Tsushima becomes Sony’s 4th biggest launch on Steam with 57k CCU, despite not being available in 180 countries

Ghost of Tsushima has joined the growing list of PlayStation’s first-party games coming to PC. Despite the new regional restrictions, the title is performing well in terms of player count.
Industry News May 17, 2024

Take-Two’s annual report: net loss of $3.7 billion, flat revenue, and GTA VI planned for fall 2025

Take-Two has just announced its financial results for the 12 months ended March 31, 2024. The company experienced a huge increase in net loss, but remains confident in its game development pipeline and the upcoming GTA IV launch.
Industry News May 16, 2024

Manor Lords hits 2 million copies sold: how it compares to other indie releases of 2024

Manor Lords has reached its first major milestone in less than a month after its Early Access launch. The city builder has already sold over 2 million copies on PC.
Industry News May 16, 2024

Another Crab’s Treasure hits 250k copies sold thanks to multiple hooks and virality on social media

Another Crab’s Treasure, a charming take on the Soulslike genre, has proven to be a huge success for small studio Aggro Crab. Here are some numbers for another indie success of 2024.
Industry News May 16, 2024

Ubisoft reports 1,700 layoffs in 18 months and record net bookings, plans to focus on open world and GaaS games

Ubisoft has published its financial report for FY24 ended March 31, 2024. The French company posted strong revenue and profit growth, while continuing its cost-cutting program.
Industry News May 15, 2024

Tencent “rejuvenating” its key games amid slowing domestic revenues, with focus on engagement and team reorganizations

Tencent has published its financial report for the first quarter ended March 31, 2024. With domestic game revenues slowing, the Chinese tech giant is now in the process of reorganizing some of its development process to accelerate growth of its portfolio.
Industry News May 15, 2024

Saints Row reboot sold 1.7 million units, according to former Volition employee: how it compares to other games in series

The 2022 reboot of the Saints Row series was far from being a commercial success for Embracer, especially given its $100 million budget. According to new information, the game has sold less than 2 million copies.
Market Analysis May 15, 2024

Niko Partners: PlayStation 5 sold almost 5x more units last quarter than Xbox Series X|S

Following the publication of Sony’s FY23 report, Niko Partners director of research and insights Daniel Ahmad has shared more data about the company’s gaming business and the sales of PlayStation 5 consoles.
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