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Industry News November 2, 2023

NetEase continues its global expansion by starting Fantastic Pixel Castle, studio led by Blizzard and Riot veteran Greg Street

NetEase Games continues to lure industry veterans, expanding its presence in the Western market. This time, the Chinese tech giant has joined forces with MMORPG designer Greg Street.
Industry News November 2, 2023

The Day Before back as most wishlisted game on Steam after FNTASTIC wins back its IP

Fntastic has managed to finally reclaim the title of its upcoming survival action game The Day Before. As a result, it has returned to Steam, with the studio gearing up for the Early Access launch.
Industry News November 2, 2023

“Live services are the foundation of our business,” says Andrew Wilson, as EA reports 33% profit growth in Q2

Electronic Arts has released a financial report for the second quarter ended September 30. The company’s revenue and profit continue to grow, largely driven by the ongoing success of its live service games.
Industry News November 1, 2023

Capcom working on “silver bullet” against piracy, while comparing PC game mods to cheats

Capcom has detailed its stance on video game piracy and measures it plans to take to tackle this issue. The Japanese publisher also directly compared the mods that players create for its titles on PC to cheats, seeing them as a threat to its reputation and finances.
Deals November 1, 2023

Devolver Digital snaps up System Era for up to $40 million, as Astroneer hits $87 million in lifetime revenue

Devolver Digital is expanding with the announcement of a new M&A deal. The indie publisher has acquired System Era Softworks, which will become its seventh subsidiary.
Industry News November 1, 2023

Bungie laid off roughly 100 employees as Destiny 2 revenue fell 45% below projections for 2023

New details have emerged about the recent layoffs at Bungie. It appears the cuts were made due to Destiny 2’s poor commercial performance, with the studo now trying to take steps to improve the metrics.
Industry News October 31, 2023

ARK: Survival Ascended becomes highest-grossing premium game on Steam, Marvel’s Spider-Man jumps 83 places

ARK: Survival Ascended, a new version of Studio Wildcard’s survival hit, is off to a strong start on Steam after its Early Access release on October 26. Plus, there were some interesting shifts in the top 20 highest-grossing titles on the store.
Industry News October 31, 2023

Remedy posts widening operating losses in Q3, says it wants to make games that “typically continue to sell for years”

Remedy has released its financial report for the third quarter ended September 30. The company’s losses continue to grow, as it increases investment in game development and aims for long-term success.
Industry News October 31, 2023

How AI can be used in game marketing and ASO: new episode of Games and Names podcast featuring App Radar’s Thomas Kriebernegg

The new episode of Games and Names, a games industry podcast launched by AppMagic in partnership with WN Media Group, is dedicated to the use of AI tools in game development and what the main limitations that come with it.
Industry News October 31, 2023

Bungie CEO says “today is a sad day” as studio lays off staff after delaying Marathon and new Destiny 2 expansion

Bungie is the latest PlayStation studio to be hit with layoffs. The extent of the job cuts is unclear, but the news comes after the company internally announced it would delay its upcoming games.
Industry News October 30, 2023

Market value of Goddess of Victory: NIKKE developer Shift Up increased eightfold over past five years

The South Korean company WeMade Entertainment has made a successful exit. In 2018, it bought 4.2% of Shift Up’s shares for $7.4 million and in 2023, sold them for $53.9 million.
Industry News October 30, 2023

The Finals, created by former DICE employees, enters Steam’s top five most played games, attracting nearly 300k concurrent players

This year may yet see another gaming blockbuster. The open beta of the cooperative shooter, The Finals, drew an audience of 267,000 people on Steam. This is almost four times as much as what Overwatch 2 peaked at on the platform.
Industry News October 30, 2023

Unity lost 15% of its advertisers after announcing new pricing policy

Developer anger and the loss of loyalty among partners are just a few of the consequences Unity faced when it revealed plans to start charging per-install fees. Advertisers have also turned away from the company.
Events October 30, 2023

GenAI for Business SF’23 brought together over 300 industry professionals

GenAI for Business, a business conference dedicated to trends in generative AI, was held in San Francisco on October 23. Hundreds of industry professionals and enthusiasts gathered to discuss the latest innovations in gaming, graphics, and other areas.
Market Analysis October 27, 2023

Median revenue and player count for top free-to-play games on Steam: $1.8 million, 763k players

Unlike the mobile market, tracking downloads and revenue of free-to-play games on PC is nearly impossible due to a lack of data. But discoverability expert Simon Carless has tried to analyze the current state of the F2P segment on Steam.
Industry News October 27, 2023

Remedy shares hit nearly 17-month high after Alan Wake 2 released to critical praise

Remedy Entertainment shareholders have positively reacted to the launch of Alan Wake 2. As a result, the Finnish studio saw its stock go up shortly after.
Game Development October 27, 2023

Capcom announces next-gen tech REX that goes “beyond the boundaries of in-house engines”

RE Engine is an integral part of Capcom’s production pipeline, powering games ranging from Street Fighter 6 to all the latest Resident Evil titles. The company has no plans to abandon the engine, as it has now announced the next-gen version of its proprietary technology.
Industry News October 26, 2023

Microsoft reorganizes Xbox leadership to create “expanded gaming content organization” and better manage its studios

After closing the $68.7 billion Activision Blizzard deal, Microsoft is gearing up for its new chapter. The company has made some structural changes to Xbox’s leadership to better manage its portfolio of first-party studios and ensure further business growth.
Industry News October 26, 2023

The Outer Worlds hits 5 million copies sold: how it compares to other Obsidian Entertainment games

As The Outer Wolrds celebrates its fourth anniversary, Obsidian Entertainment has shared updated sales figures for its action RPG. Let’s compare them to other games developed by the studio.
Industry News October 26, 2023

Capcom sees its H1 revenue jump 52% to nearly $500 million, with SF6 sales approaching 2.5 million copies

Capcom has released a financial report for the sixth-month period ended September 30. The company’s revenue and profit continue to grow on strong back catalog sales and new successful releases like Street Fighter 6.
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