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Industry News July 21, 2023

Ubisoft calls its partnership with Tencent “one of the biggest publishing deals ever” as it releases Q1 results

Ubisoft has published a report for the first fiscal quarter ended June 30. The publisher has seen a drop in sales, but it remains confident about its future, betting on its IP and upcoming mobile games.
Industry News July 20, 2023

Justice Mobile becomes new hit for NetEase, which reportedly spent almost $140 million on its development

The mobile version of NetEase’s popular MMO title Justice Online is generating several million dollars per day on iOS. And the game is currently only available in China.
Industry News July 20, 2023

Blizzard lays off 50 employees from its esports division as future of Overwatch League seems vague

Blizzard Entertainment has been hit with layoffs at its esports team. Although the company recently reported record quarterly revenues, the future of the Overwatch League is currently uncertain, with sources worrying that the entire division might be closed.
Events July 20, 2023

WN Media Group partners with ChinaJoy, largest digital entertainment conference and expo in Asia

WN Media Group and ChinaJoy have joined forces to host two games industry-centric events at the end of July. Attendees can expect valuable insights, networking opportunities, and a glimpse into the latest gaming trends in the Chinese and Asian markets. .
Industry News July 20, 2023

Resident Evil 4 remake hits 5 million units sold, breaking into Capcom’s top 15 best-selling games

The remake of Resident Evil 4 has reached another milestone four months after its launch. The game continues to climb up the list of Capcom’s best-selling titles of all time.
Market Analysis July 19, 2023

15.5 million copies of games sold across Europe in June, according to GSD

Last month, video game sales in Europe increased by 20% compared to June 2022. This is according to new data provided by the Game Sales Data (GSD) charts.
Industry News July 19, 2023

Blizzard posts record $1 billion in quarterly revenue, as Diablo IV drives Activision Blizzard’s Q2 growth

Activision Blizzard has published its financial report for the second quarter ended June 30. The company posted growth in all key metrics, with the Blizzard segment showing impressive growth following the success of Diablo IV.
Industry News July 19, 2023

Microsoft and Activision extend their merger deadline to October 18, also raising termination fee

After the original deadline expired on July 18, Microsoft and Activision Blizzard have now agreed to extend their merger agreement. This will allow the companies to negotiate with the UK regulator, which is the last stumbling block to closing the $68.7 billion deal.
Industry News July 19, 2023

505 Games allocates over €500k for post-release support for Ghostrunner 2

Publisher 505 Games has entered into an agreement with Ghostrunner 2 developer One More Level. The terms imply that the studio is committed to actively supporting the game for a year after its global launch.
Industry News July 18, 2023

Baldur’s Gate 3 became highest-grossing premium game on Steam last week as it approaches its global launch

Baldur’s Gate 3 is climbing up the Steam Weekly charts. Larian Studio’s upcoming RPG managed to outperform all other premium titles on Valve’s store last week.
Legal July 18, 2023

UK’s new loot box principles include restricting access to underage players and disclosing reward probabilities

The Association for UK Interactive Entertainment (Ukie) has released a new guidance for video game loot boxes, which consists of 11 principles. They are designed to be followed by developers, publishers, and other market participants.
Industry News July 18, 2023

SEGA president expects games with production budget of $70 million to “become the norm” when next-gen consoles arrive

Yukio Sugino, president and COO of Sega Corporation, has opened up about the rising development costs in the Japanese games industry. He also touched on the company’s plans to further increase the number of foreign employees.
Industry News July 18, 2023

Microsoft and Activision likely to push back their deal deadline as appeal against CMA paused for two months

Microsoft and the UK’s Competition and Markets Authority (CMA) will have more time to negotiate, as the court has agreed to pause the appeal. This also means that the Activision Blizzard deal probably won’t close today, with a deadline being extended by the parties.
Industry News July 17, 2023

Creative director Dan Pinchbeck leaves The Chinese Room: “It’s time to step back and focus on being an artist again”

Dan Pinchbeck, who co-founded The Chinese Room 15 years ago, has announced his departure from the studio. He is best known for creatively leading the UK team and working on games like Dear Esther and Everybody’s Gone to the Rapture.
Industry News July 17, 2023

Exoprimal peaks at only 4.5k concurrent players — worst launch of any major Capcom game released this year

Launch sales of Exoprimal, a new multiplayer action game by Capcom, are likely to be far from strong. The title is showing some weak numbers on Steam compared to most of the company’s games released this year.
Industry News July 17, 2023

Microsoft and Sony sign 10-year agreement to keep Call of Duty on PlayStation following Activision deal

Despite previously rejecting the offer, Sony has now agreed to sign a Call of Duty agreement with Xbox. This comes after Microsoft’s win against the US Federal Trade Commission (FTC).
Market Analysis July 14, 2023

Latest Steam Next Fest attracted record 11.4 million players — dive into top games’ metrics and genres

Valve has shared some stats for its latest Steam Next Fest ended on June 26. We decided to dig into more data to see how the top games and their demos performed in terms of CCU, new followers, and other metrics.
Industry News July 14, 2023

Analytics platform ByteBrew reaches new milestone of 10,000 registered developers

In July, platform ByteBrew, branded as an all-in-one solution for working with mobile applications and games, celebrated its second anniversary. To commemorate the occasion, the company has shared some statistics.
Industry News July 13, 2023

Genshin Impact voice actors claim to being unpaid for months: “This is unacceptable”

It appears that some voice actors working on Genshin Impact haven’t been paid for months. But neither the recording studio responsible for the game’s English dubbing nor developer miHoYo reacted to the situation.
Industry News July 13, 2023

Team Fortress 2 breaks its peak CCU record by surpassing 245k concurrent players on Steam

Nearly 16 years after its release, Team Fortress 2 maintains a strong player base. Here is how the latest update helped Valve’s multiplayer shooter set its new record for peak concurrent users.
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