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Industry News February 20, 2024

Skull and Bones debuts poorly on UK boxed charts, with physical sales 4x weaker than Sea of Thieves’ launch

It seems that the launch of Skull and Bones is far from a success, especially for a big-budget project branded as a “AAAA game.” Ubisoft has yet to reveal any figures, but we can take a look at how it performed in terms of physical sales.
Industry News February 20, 2024

Over 500 Steam games grossed $3+ million in 2023, and other notable records for Valve’s platform

Steam has summed up 2023, calling it a “landmark year for Valve.” The platform set several new records, while also introducing multiple features/improvements for both players and developers.
Industry News February 19, 2024

ZA/UM confirms layoffs, with Disco Elysium writer saying “Un jour je serai de retour près de toi”

ZA/UM has finally confirmed the layoffs and the cancellation of an unannounced expansion for Disco Elysium. And two former employees, including one of the game’s original writers, also shared more details about the current situation at the studio.
Industry News February 19, 2024

PlayStation operating margins plunge to decade-lows, wiping $10 billion off Sony’s market value

Despite strong revenue growth, many investors and analysts were disappointed by the performance of Sony’s gaming business in the most recent fiscal quarter. The main reason was the company’s declining margins.
Industry News February 19, 2024

Deep Rock Galactic: Survivor peaks at over 56k concurrent players, surpassing original game to publisher’s surprise

Deep Rock Galactic: Survivor, an auto shooter based on the world of the original co-op FPS by Ghost Ship Games, has proven to be a surprise hit. And it looks like even the studio itself didn’t expect such a strong player interest.
Industry News February 19, 2024

Helldivers 2 becomes 24th most played game on Steam of all time, attracting nearly 410k concurrent users

It’s been almost two weeks since the launch of Helldivers 2, but player interest in the game is only growing. The co-op third-person shooter, developed by Arrowhead Game Studios and published by PlayStation, may soon enter the top 20 most played titles on Steam of all time.
Industry News February 16, 2024

Players spent $950 million on Epic Games Store in 2023, iOS launch in Europe officially coming this year

Epic Games Store has summed up its 2023 results, disclosing the number of users and player spending on the platform. The company also shared its plans for this year, including the launch of the iOS version in Europe.
Deals February 16, 2024

Trends in gamedev venture capital deals — legal overview by REVERA law group

What were the biggest trends in VC investment deals across the games industry in 2023 and which ones will remain relevant this year? This is an overview by legal experts Anna Solovei and Viktoryia Semianitskaya, representing REVERA law group.
Industry News February 16, 2024

Alan Wake 2 hits 1.3 million copies sold, but Remedy is yet to see any revenue from it

Alan Wake 2 has become the fastest-selling game in the history of Remedy Entertainment. The psychological horror title has sold 1.3 million copies in more than three months.
Industry News February 16, 2024

Xbox testing waters with four first-party games coming to PS5 and Switch to see if they benefit its long-term health and growth

Microsoft has finally shared the promised update on the future of Xbox and its business strategy. The company detailed its approach to game exclusivity and finding players on other platforms, as well as its plans for Game Pass and next-gen hardware.
Industry News February 15, 2024

Report: 24 ZA/UM employees face layoffs as studio cancels unannounced Disco Elysium expansion

Dozens of ZA/UM developers are at risk of losing their jobs. The Disco Elysium developer has reportedly shut down one of the unannounced projects that was a few years from shipping.
Industry News February 15, 2024

What’s happening at Embracer: $166 million net loss, 22 game write-downs, 1,387 layoffs, and focus on own IPs

Embracer Group has released its financial report for the third quarter ended December 31, 2023. The Swedish holding company is approaching the final stage of its restructuring program, which has already resulted in nearly 1,400 job cuts, while also making adjustments to its game development strategy.
Industry News February 15, 2024

Tekken 8 reaches 2 million copies sold: how it compares to its fighting game rivals and other releases of 2024

Tekken 8 has reached an impressive milestone in less than a month after its launch. Bandai Namco’s title also joined other successful Japanese games launched since the beginning of 2024.
Market Analysis February 14, 2024

Gaming deals activity in 2023 decreased by over 50% compared to record numbers of 2020-2022

The global games industry saw 567 closed deals in 2023, according to market intelligence platform InvestGame. The Activision Blizard deal fueled growth in the total deal value, but overall the investment climate remains turbulent.
Industry News February 14, 2024

PlayStation lacks understanding of how to generate sustainable profits, Sony Group president says

Sony has released its financial report for the third quarter of FY23 ended December 31, 2023. The company’s gaming business continues to grow, but leadership thinks that PlayStation, as a business unit, needs a better understanding of how to generate sustainable profits.
Industry News February 13, 2024

Baldur’s Gate 3 brought in $90 million for Hasbro in 2023, fueling its Digital Gaming segment’s growth

Hasbro has released its financial report for the full year ended December 31, 2023. Despite an overall revenue decline, the company saw solid growth in its Digital Gaming segment thanks to the success of Baldur’s Gate 3 and Monopoly Go.
Industry News February 13, 2024

Kingdom Come: Deliverance hits 6 million copies sold on its 6th anniversary

To celebrate Kingdom Come: Deliverance’s sixth anniversary, Warhorse Studios has shared updated sales figures for its medieval RPG.
Industry News February 13, 2024

Granblue Fantasy: Relink becomes another Japanese game to surpass 1 million copies sold in 2024

With over 1 million copies sold, Granblue Fantasy: Relink has now joined a list of other successful Japanese games to cross this mark in 2024.
Industry News February 13, 2024

Suicide Squad drops 53 places on Steam charts, while Helldivers 2 dethrones Palworld as top-grossing game

Another week, another dive into Steam’s global top sellers. And after Palworld’s three-week reign, it looks like we finally have a new king.
Industry News February 13, 2024

Report: Immortals of Aveum’s budget totaled $125 million, with sales being “tiny fraction” of pre-launch projections

It is no secret that Immortals of Aveum, a first-person magic shooter developed by Ascendant Studios, turned out to be a commercial failure. But now a new report has emerged about the game’s estimated budget.
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