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Market Analysis August 21, 2023

Circana: US video game spending hit $4.1 billion in July, with Remnant II becoming best-selling game

Circana (formerly The NPD Group) has shared its monthly breakdown of the US video game market. Let’s take a look at some data on the best-selling titles and consoles of July 2023.
Events August 21, 2023

5th WN CEO Summit, event for games industry execs, to take place in Istanbul on September 20

WN Media Group has announced a new WN CEO Summit event. Over 100 game company founders and executives are expected to gather in Istanbul, Turkiye next month.
Market Analysis August 21, 2023

Total value of closed gaming deals collapsed by nearly 90% in H1, with M&A landscape down 31x

Market intelligence platform InvestGame has shared a new report on deal activity in the games industry for the first half of 2023. Here are the key findings about the turbulent and generally deteriorating landscape.
Industry News August 18, 2023

Rumor: Baldur’s Gate 3 tops 5 million units sold, according to Belgian Embassy in China

Baldur’s Gate 3 has been a massive success for Larian Studios, topping Steam charts and receiving widespread acclaim from the press. Although the company hasn’t officially disclosed sales, there is a report hinting at possible figures.
Game Development August 18, 2023

Inside enhanced Quake II: how Nightdive restored classic shooter with new models, lightning, and other improvements

The enhanced version of Quake II came out last week, offering updated graphics and even new content. Looking at all the technical and QoL improvements, it is safe to say that other companies would be better off taking a similar approach to rereleases and remasters of their old games.
Industry News August 17, 2023

MMO veteran Rich Vogel leads NetEase’s new studio T-Minus Zero Entertainment to develop online sci-fi action game

NetEase has established a new first-party studio, T-Minus Zero Entertainment. The team will be led by Rich Vogel, an industry veteran known for his contributions to a number of MMO titles such as Ultima Online and Star Wars: The Old Republic.
Industry News August 17, 2023

NCSoft launches VARCO Studio, genAI platform with various models for creating texts, images, and digital humans

NCSoft is stepping into the AI field by announcing a set of in-house language models to optimize game development. The South Korean publisher is now offering a one-month free trial to users across the globe.
Industry News August 17, 2023

Embracer Group reports almost $1 billion in Q1 revenue, with sales of PC and console games up 74%

Embracer Group has announced its financial results for the first fiscal quarter ended June 30. The Swedish holding company saw growth in key business metrics, also saying that its restructuring is proceeding according to plan.
Industry News August 16, 2023

Tencent posts 41% profit growth in Q2, with its gaming business topping $6 billion in revenue

Tencent has shared its financial results for the second quarter of 2023 ended June 30. Although the Chinese tech giant posted growth in key business metrics, they were below analysts’ expectations.
Industry News August 16, 2023

Steam updates its minimum price thresholds for non-USD currencies to be at least equivalent to $0.99 tier

Valve continues to adjust its pricing policy and recommendations. With the latest update, Steam developers will have new minimum price thresholds for currencies other than the US dollar.
Industry News August 16, 2023

Larian eventually adds names of Baldur’s Gate 3 translators previously uncredited by localization firm Altagram

Some people who worked on translating Baldur’s Gate 3 into Brazilian Portuguese for several years ended up missing from the game’s credits. However, Larian Studios has managed to quickly resolve the issue and get the localization firm to fix it.
Industry News August 15, 2023

Free Fire maker Garena reports 41% revenue drop in Q2, but parent company calls its performance ‘encouraging’

Singapore-based tech giant Sea has issued a financial report for the second quarter ended June 30. Here are all the figures related to its gaming arm, Garena, known for its mobile battle royale Free Fire.
Industry News August 15, 2023

Netflix starts rolling out cloud streaming of games on TVs and PCs

Netflix continues its gaming push by announcing beta testing of its cloud streaming service. The company plans to bring its titles to more devices, including TVs and PCs.
Deals August 15, 2023

Report: Embracer Group’s collapsed $2 billion deal was supposed to be with Savvy Games Group, its second-largest shareholder

New details have surfaced about the collapsed $2 billion deal that Embracer Group was supposed to close earlier this year. It appears that its partner was Savvy Games Group, an investing firm established by Saudi Arabia’s sovereign wealth fund.
Industry News August 14, 2023

Chinese players bashing Overwatch 2 on Steam to express their frustration with Blizzard’s exit from China

Overwatch 2 has been widely criticized by players after its launch on Steam, making it the lowest rated game on the platform. But here is why most negative reviews are coming from Chinese users.
Game Development August 14, 2023

Mark Darrah on trap of live service games, or why napkin math doesn’t work: “You can only play one Destiny at a time”

History is cyclical, and this is true for the games industry as well. Veteran developer and former BioWare producer Mark Darrah has shared his thoughts on companies that repeat the same mistakes over and over again when trying to make their own Ultima Online or Destiny.
Industry News August 14, 2023

Baldur’s Gate 3 breaks its peak CCU record, surpassing 875k concurrent players and posting impressive retention

Hundreds of thousands of players continue to flock to Baldur’s Gate 3 every day, even almost two weeks after its launch. The latest game from Larian Studios has just broken its own record for peak concurrent users.
Deals August 11, 2023

Rockstar partners with Cfx.re, creators of roleplay multiplayer frameworks for GTA V and Red Dead Redemption 2

Cfx.re, the group behind roleplay multiplayer tools for titles like GTA V and Red Dead Redemption 2, has officially joined Rockstar Games. The company, known for its rocky relationship with the modding community, will now support them in their efforts.
Industry News August 11, 2023

Playdead almost signed with Sony to make Inside timed exclusive, but then Phil Spencer stepped in with counterbid

Inside could have become a PlayStation timed exclusive, and Playdead was close to signing with Sony. However, it turned out that it was Microsoft Gaming CEO Phil Spencer who personally convinced the studio to choose Xbox.
Industry News August 11, 2023

Overwatch 2 launches on Steam with just 15% positive reviews, worst result of any release in 2023

Overwatch 2 has become the first Blizzard game to be released on Steam. Although the launch is decent in terms of player count, user reviews leave much to be desired.
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