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Industry News May 24, 2024

11 bit studios reports net loss of $406k in Q1, says investment in INDIKA “has already more than paid off”

11 bit studios has shared its financial results for the first quarter ended March 31, 2024. Despite posting losses, the Polish publisher remains confident in its pipeline of upcoming releases.
Industry News May 23, 2024

Hellblade II peaks at under 4,000 concurrent players on Steam: how its launch compares to other Microsoft games

Earlier this week, Microsoft released its first major game in 2024. Let’s take a look at Hellblade 2’s initial metrics and compare them to other Xbox first-party titles.
Industry News May 23, 2024

Embracer Group: $1.7 billion net loss, staff reduced by 4,500 people, and details on post-restructuring future

Embracer Group has published its financial report for the full year ended March 31, 2024. The Swedish holding company has taken stock of its restructuring program and outlined a new chapter after deciding to split its business into three entites.
Roundtable Discussion May 23, 2024

Exploring coloring puzzle games and state of this genre on mobile: roundtable discussion

Although coloring and paint-by-number games generate around 30 million downloads every month, this subgenre remains underdiscussed. We have reached out to Beresnev Games, ZiMAD, and Belka Games to find out what’s really happening in this niche and whether it is worth entering for mobile developers.
Industry News May 23, 2024

Street Fighter 6 almost breaks its CCU record 11 months after launch, thanks to balance patch and new character

The new update for Street Fighter 6 has caused a huge surge in player interest. It helped the game cement itself as likely the most actively played title in the genre at the moment.
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.
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