Embracer Group has released a financial report for the year ended March 31, 2022. The Swedish holding company recorded revenue growth, while also sharing its further M&A plans and saying that it now has over 200 titles in its pipeline.

China’s video game market will surpass $55 billion by 2026, according to the latest Niko Partners report. Analysts expect mobile to still account for the vast majority of total revenue, with the number of domestic players reaching 730 million people.

Private VC firm Andreessen Horowitz has established Games Fund One, a $600 million fund aimed solely at video games. The company will invest in developers to contribute to building the future around the metaverse.

Saudi Arabia’s Public Investment Fund has made a big investment in Nintendo. It acquired a 5% stake in the Japanese company, which makes it the fifth-largest shareholder.

Tencent has released its financial report for the first quarter of 2022 (ended March 31). The Chinese tech giant recorded no revenue growth, citing a decrease in its domestic player base due to the latest game-related restrictions in the country.

Sony might be the next tech giant to offer its own approach to the metaverse. The company plans to evolve its gaming business and adopt a cross-platform strategy ahead of potential changes in the market.

CI Games wants to buy back all remaining shares of publisher United Label. The company behind the Sniper: Ghost Warrior series has made the offer ahead of a potential listing in London.

A few Wargaming employees have shared new details about the ongoing liquidation of the company’s office in Minsk. The answers varied from talks about mass layoffs to Minsk-based devs being offered to keep working under another legal entity.

Techland has opened up about its upcoming AAA open-world action RPG based on a new IP. The untitled game’s development is led by former CD Projekt RED staff, with the company now having dozens of open positions.

Dead by Daylight developer Behaviour Interactive has acquired Midwinter Entertainment, known for its online survival shooter Scavengers. As a result, the game’s console versions have been canceled.

New details about Activision Blizzard’s Diversity Space Tool have appeared online. One of the creators of this software opened up about the initial idea behind it.

Apple has made a few changes to its App Store policy regarding subscription prices. From now on, iOS developers will now be able to charge users more money without notifying them.

Take-Two has shared its financial report for the year ended March 31, 2022. The company reached $3.5 billion in revenue, with the bulk of it coming from microtransactions.

The WN Conference is coming to Istanbul on June 7-8. The program for the hybrid event has been announced, with a special metaverse track, talks dedicated to working with popular video game franchises, and NFT case studies.

Tokyo-based Success Corporation has established a special hamster department. This means more games about cute hamsters are coming in the future.

Frogwares, known for creating a series of Sherlock Holmes games, has received the Epic MegaGrant from Epic Games. The Ukrainian studio will use this money to relocate its employees to safer areas and help the ones who have already moved to other countries in the EU.

After months of silence, reports about an unconfirmed Silent Hill 2 remake have started to circulate again. The Medium developer Bloober Team is named as the studio behind the unannounced project.

Founded by former King team leads, pnkfrg (pronounced pink frog) studios has raised $3 million to create new mobile experiences based on blockchain and UGC videos.

Ubisoft India, which was the original team behind Prince of Persia: The Sands of Time Remake, has reportedly faced multiple struggles during the development. The studio had little experience and received almost no documentation from Ubisoft.