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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Cities: Skylines II, a long-awaited sequel to the successful city builder from Finnish studio Colossal Order, has been launched globally. Despite the huge interest from players, many criticized the game for its unfinished state.

Microsoft has released its financial report for the first quarter of FY24 ended September 30. Here are the key takeaways related to Xbox, Game Pass, and other aspects of its gaming business.

Valve will no longer support regional currencies in Turkey and Argentina, changing them to the US dollar. Steam users in a number of other countries will see the new regionalized USD pricing.

Bruce Nesmith, book author and former design director at Bethesda who has contributed to most of the studio’s major games since Daggerfall, has shared his thoughts on Baldur’s Gate 3. He also pointed out the difference in Larian’s and Bethesda’s approaches to game content.

The wave of layoffs sweeping the games industry has reached Media Molecule, one of Sony’s most recognized first-party studios. This comes after the team ended live service support for its game creation platform Dreams.

Despite technical issues, Lords of the Fallen had a strong launch commercially. And publisher CI Games has now disclosed the game’s total production and marketing costs.

In FY23, Microsoft CEO Satya Nadella’s performance-based pay targets were no longer tied to Game Pass growth, as opposed to the previous three fiscal years. This comes amid uncertainty and a lack of officially disclosed data about the current state of the subscription service.

Connie Booth, one of the most recognized people within Sony’s gaming business, has reportedly left the company after more than 30 years. She is the person behind some of PlayStation’s key franchises, having worked closely with studios like Naughty Dog and Insomniac Games.