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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.
Industry News May 14, 2024

Jake Solomon forms Midsummer Studios to make next-gen life sim with help of Firaxis vets and The Sims producer Grant Rodiek

A new independent game development studio formed by industry veterans has emerged. Midsummer Studios, led by former Firaxis devs, has already secured initial funding to make its own title in the life sim genre.
Legal May 14, 2024

Poland to scrutinize digital game platforms like Steam and PS Store on suspicion of anti-competitive practices

Polish regulators have expressed concerns over possible anti-competitive practices by digital video game platforms. The Office of Competition and Consumer Protection (UOKiK) may initiate proceedings based on the analysis of the collected data.
Industry News May 14, 2024

Hades II becomes top-grossing premium game on Steam, V Rising and Animal Well also debut high on charts

20 weeks into 2024, here is another installment of the Steam charts. And there are plenty of successful new indie releases, as well as interesting shifts in the list of best-selling games.
Industry News May 14, 2024

Helldivers 2 breaks records with 12 million copies sold in 3 months, Sony announces in its FY23 report

Sony has released its financial report for the fiscal year ended March 31, 2024. Let’s dive into the company’s gaming revenue and console sales, as well as the record-breaking launch of Helldivers 2.
Industry News May 14, 2024

PlayStation announces successors for Jim Ryan: Hermen Hulst and Hideaki Nishino to become new CEOs of SIE

Sony Interactive Entertainment has named its new leaders following the resignation of Jim Ryan. He will be succeeded by Hermen Hulst and Hideaki Nishino, who will report to the company’s president.
Industry News May 13, 2024

Little Kitty, Big City hits 100k copies sold, huge success for former Valve designer Matt T. Wood and his new team

Little Kitty, Big City has found its place among many successful indie games released this year. Here is everything to know about the launch of Double Dagger Studio’s debut title.
Industry News May 13, 2024

Inside Square Enix’s reboot strategy: aggressive multiplafrom approach, flat structure, and shift from quantity to quality

Square Enix has released a financial report for the fiscal year ended March 31, 2024. Let’s take a closer look at the company’s business metrics and its new strategy aimed at rebooting its development processes and delivering long-term growth.
Marketing May 10, 2024

How to host custom Steam Sale for VR games with over 20 participants and 2 million event impressions — postmortem by CM Games

After making mobile titles for over 13 years, CM Games has decided to enter the field of virtual reality. Here is how the studio successfully launched a custom Steam Sale event to promote its VR game Into the Radius despite knowing little about the platform and its marketing features.
Industry News May 9, 2024

What’s happening inside Xbox: more cuts planned, growing fear among employees, and troubling Game Pass news

Even more disturbing reports about the state of Microsoft’s gaming division emerged shortly after the closure of four internal studios. And it appears that the future of Xbox looks hazy, especially without a clear strategy and vision.
Industry News May 8, 2024

Krafton reports record revenue of nearly $500 million for Q1, plans to accelerate AI adoption

Krafton has released its financial report for the first quarter of 2024. The South Korean company posted strong revenue and profit growth, also outlining steps to become the number one game publisher in India.
Industry News May 8, 2024

EA CEO discusses inserting ads into AAA games, expects AI to positively impact over 50% of development proccess

Electronic Arts has released its financial report for the full year ended March 31, 2024. Let’s take a look at the company’s key metrics and its plans for the future, including the use of AI in game development.
Industry News May 7, 2024

Nintendo expects revenue and profit to decline in FY25 due to falling sales of Switch and video games

Nintendo has released its financial report for the fiscal year ended March 31, 2024. Despite growth in all key metrics, sales of Switch consoles continued to gradually decline. This led the Japanese company to lower its financial outlook for FY25.
Industry News May 7, 2024

Microsoft closes Arkane Austin, Tango Gameworks, and two other studios, calling it “reprioritization of titles and resources”

Microsoft has decided to close four internal studios that are part of Bethesda/ZeniMax. This comes just a few months after mass layoffs across the company’s gaming division.
Industry News May 7, 2024

Gray Zone Warfare tops Steam charts for both premium and F2P games, Total War: Warhammer III soars into top 5

The past seven days on Steam have been full of surprises in terms of new charts leaders. Let’s take a closer look at the weekly list of the top games by gross revenue.
Industry News May 7, 2024

Hades II peaks at over 79k concurrent players, making it one of Steam’s top 10 biggest launches of 2024

Supergiant Games has just released Hades II in Early Access on Steam and the Epic Games Store. The game has already become one of the biggest launches of 2024 in terms peak concurrent players.
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