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Industry News October 17, 2023

Lies of P hits 1 million copies sold: how it compares to other Soulslike games

Lies of P, a Pinocchio-inspired soulslike from South Korean publisher Neowiz and its subsidiary Round8 Studio, has sols over 1 million units globally. It reached this impressive milestone less than a month after its launch.
Industry News October 16, 2023

Pete Hines leaves Bethesda after 24 years of leading marketing campaigns for dozens of company’s games

Pete Hines, head of publishing at Bethesda Softworks, has announced his retirement. He has been with the company since 1999, supervising the PR and marketing of games like TES III: Morrowind, Fallout 3, TES V: Skyrim, and Dishonored.
Industry News October 16, 2023

Cryptic Studios and Zen Studios appear to be latest studios affected by Embracer Group’s restructuring

Embracer Group has already conducted layoffs at several first-party developers. It seems that Cryptic Studios and  Zen Studios are the latest teams to be affected by the ongoing restructuring.
Industry News October 16, 2023

Minecraft tops 300 million copies sold, solidifying its status as best-selling game of all time

Minecraft remains the best-selling video game of all time by a wide margin. And Mojang has decided to share some new figures and data, as the title approaches its 15th anniversary.
Events October 13, 2023

GenAI for Business conference coming to San Francisco on October 23, program and speakers announced

WN Media Group has announced a new conference in the US that will focus on the latest trends and innovations in generative AI. Among the speakers are experts from companies like Scenario, Luma AI, Layer AI, MongoDB, Lightspeed, and more.
Deals October 13, 2023

Microsoft closes Activision Blizzard deal 20 months after announcement, Spencer asks Kotick to remain CEO of ABK until 2024

It is over, ladies and gentlemen! Microsoft has completed the record-breaking acquisition of Activision Blizzard after a lengthy battle with regulators in the US and Europe.
Industry News October 13, 2023

UK clears Microsoft’s acquisition of Activision, making sure it “can’t have a stranglehold” on cloud gaming

Microsoft is now ready to complete its $68.7 billion acquisition of Activision Blizzard. The UK’s Competition and Markets Authority (CMA), which remained the barrier, has finally approved the record-breaking deal.
Industry News October 13, 2023

AppLovin may try to buy Unity again, as engine maker’s shares fell 40% since last year’s $17.5 billion offer

The recent Runtime Fee controversy and CEO John Riccitiello’s departure have sparked speculation among some market experts that Unity could be considered an M&A target. Mobile monetization platform AppLovin, which offered to acquire the engine maker last year, was named as a potential buyer.
Market Analysis October 12, 2023

Scopely games top $7 billion in revenue, with Monopoly Go! currently accounting for 74% of monthly player spending

Mobile developer and publisher Scopely has reached a new milestone. According to AppMagic, it recently surpassed $7 billion in revenue across its gaming portfolio.
Industry News October 12, 2023

Supercell reveals new IP, monster-hunting game mo.co, as part of its strategy to take more creative risks

Supercell, a notorious serial killer when it comes to its own projects, has announced a new game. The company’s CEO Ilkka Paananen has high hopes for it, but the question is whether it will survive to  full launch.
Industry News October 12, 2023

Steam to require devs to use SMS verification when releasing new game builds as new security measure

Valve has announced a Steamworks security update. The biggest change is that managing Steam builds will now require a verified phone number.
Industry News October 11, 2023

[UPD] Dev costs for The Lamplighters League totaled $29.4 million, with Paradox calling its commercial reception as “too weak”

The Lamplighters League, a turn-based tactics by Harebrained Schemes, has failed to recoup its budget. As a result, publisher Paradox Interactive decided to write down costs for the game.
Market Analysis October 11, 2023

Remnant II ranked 4th highest-grossing game in US and UK in August, with nearly 40% of its players coming from Diablo IV

Remnant II is one of the top-performing premium game releases of the last few months. Here is some new data about the title and its metrics from Newzoo.
Industry News October 11, 2023

Forza Motorsport peaks at less than 5,000 concurrent players on Steam, with only 44% positive reviews

Forza Motorsport is the latest first-party release from Microsoft and Xbox Game Studios. However, the game’s launch was far from a massive success.
Industry News October 10, 2023

PlayStation has profit margin of roughly 13%, as it plans to double first-party revenues by pushing live service model

It is no secret that Sony wants to boost its first-party revenues by launching multiple live service games into the market. Here is what PlayStation boss Jim Ryan said about these plans last year, and how his words relate to the current state of the company’s strategy.
Industry News October 10, 2023

Indie roguelite miner Dome Keeper sees 2,500% surge in concurrent players after latest update

Roguelite survival/mining game Dome Keeper has managed to spawn a new wave of interest from users a year after its launch on Steam. Here is how the latest update impacted the title’s metrics.
Industry News October 10, 2023

John Riccitiello steps down as CEO of Unity “effective immediately” following Runtime Fee controversy

Unity has announced a leadership transition after facing a huge backlash for rolling out its new pricing policy and trying to oblige devs to pay for game installs. John Riccitiello will be stepping down as CEO and president of the company after nearly 10 years.
Game Development October 9, 2023

Why decline in generalists leads to disjointed games and harms tool quality — explained by Fallout co-creator Tim Cain

Much in the games industry has changed beyond recognition over the past 40 years. But one specific thing that might be an issue not obvious to non-developers is what co-creator of Fallout Tim Cain calls the “decline of generalists.”
Industry News October 9, 2023

CD Projekt devs unionize after series of layoffs to achieve more security and “stronger voice in times of crisis”

CD Projekt workers have decided to unionize in the wake of several waves of job cuts that happened at the company this year. They joined forces with fellow developers from other Polish companies to improve employment conditions.
Market Analysis October 6, 2023

41k games released on Steam over past 3 years, 50% of which made $500 or less in gross revenue

The number of games on Steam is steadily increasing every year, but most of them earn less than $1,000 in lifetime revenue. While the overall picture may seem grim, the situation is not all that bad if you take a closer look at the data.
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