Gaming Industry All Articles - Page 1

A blond character wielding a hammer in the midst of a town in the Jagex game RuneScape
News

RuneScape Developer Jagex Officially Acquired by Two Private Equity Firms

RuneScape and Scum developer Jagex has been acquired by two private equity firms for an undisclosed sum. In a press release, investment companies CVC Capital Partners and Haveli Investments announce…

February 9, 2024 | 10:03 EST

Sega Logo and Total War: Pharaoh
News

Sega Gaming Profits Drop Sharply Due to "Weak" Sales of Some New Games

Today Sega published its financial results for the 9 months that ended on December 31, 2023, and at least part of them wasn't really great.  Sales for the overall company were 349,924 million yen (…

February 8, 2024 | 11:45 EST

Grand Theft Auto 6 Art and Screenshot
News

GTA6 Publisher Senses "Much Higher" Anticipation Compared to GTA5, Discusses Ominous Cost Reduction

During Take-Two Interactive Software's financial conference call, CEO Strauss Zelnick and CFO Lainie Goldstein talked about Grand Theft Auto 6, but also about a much more ominous topic. Speaking of…

February 8, 2024 | 06:02 EST

Art of Grand Theft Auto V and Red Dead Redemption
News

Grand Theft Auto V Has Sold Over 195 Million Units, Red Dead Redemption 2 at 61 Million Units

Take-Two Interactive Software announced its financial results for the third quarter of the fiscal year, related to the period between October 2023 and December 2023, on top of an update to sales…

February 8, 2024 | 04:24 EST

Ubisoft Logo and Grand Theft Auto 6
News

Ubisoft CEO Expects GTA6 Release to Benefit His Own Games as Well, Comments on Microsoft Rumors

Today, during the quarterly financial conference call for investors and analysts, Ubisoft CEO Yves Guillemot commented on Grand Theft Auto 6, the future of Xbox, and Skull and Bones. Guillemot was…

February 8, 2024 | 01:52 EST

Assassin's Creed Codename Red and Ubisoft Logo
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Ubisoft Confirms Assassin’s Creed Codename Red Release By March 2025, Announces Financial Results

Ubisoft just announced its financial results for the first nine months and Q3 of the fiscal year 2023-2024, related to the period between April and December. Net bookings for the quarter were €626.2…

February 8, 2024 | 12:55 EST

Microosft and FTC Bicker as Ace attorney Characters
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Microsoft Fires Back at FTC's Accusation on Layoffs in Activision Blizzard Legal Battle

Microsoft's legal counsel has responded to the accusations leveled yesterday by the FTC within the legal battle for the acquisition of Activision Blizzard. The regulator is appealing against a…

February 8, 2024 | 12:00 EST

The Kadokawa Corporation and Acquire logos side-by-side
News

FromSoftware Parent Company Kadokawa Corporation Buys Octopath Traveler Studio Acquire

Kadokawa, the parent company of Elden Ring and Armored Core 6 developer FromSoftware, has announced that it has "acquired" (ahem) Octopath Traveler co-development studio Acquire. In an earnings…

February 8, 2024 | 08:57 EST

Disney X Epic Games
News

Disney to Invest $1.5 Billion in Epic Games to Create Persistent Universe Connected to Fortnite

Today The Walt Disney Company and Epic Games announced an agreement for the creation of a persistent universe connected to the developer's ultra-popular game Fortnite.  The experience, which is…

February 7, 2024 | 05:04 EST

Microsoft and FTC arguie in Activision Blizzard case represented by Ace Attorney characters
News

FTC and "Gamers' Lawsuit" Lawyers Denounce Microsoft's Layoffs in Activision Blizzard Legal Battle

Both the FTC and the lawyers behind the so-called "Gamers' lawsuit" against Microsoft over the acquisition  $68.7 billion acquisition of Activision Blizzard have denounced the recent wave of layoffs…

February 7, 2024 | 12:25 EST

A group of characters from the game-slash-game-creation-platform Roblox
News

Roblox Financials Show Huge Year-on-Year Growth, Platform Predicts More Prosperity

Roblox has announced its 2023 financial results, and it's been another banner year for the game (if, indeed, it can be called such), with revenue jumping by over 20% year-on-year. Per a new investor…

February 7, 2024 | 09:56 EST

Oklahoma City Thunder player Shai Gilgeous-Alexander in NBA 2K24, developed by Visual Concepts
News

NBA 2K Studio Visual Concepts Austin Hit by Layoffs

The current tsunami of industry layoffs has hit another studio, namely Visual Concepts Austin, known for its work on many of Visual Concepts' games including NBA 2K and Lego 2K Drive. According to…

February 7, 2024 | 08:55 EST

Key Art of Cities: Skylines 2
News

Cities: Skylines 2 Sold Over 1 Million Copies Despite Issues as Paradox Has 9 Games in Development

Today Paradox Interactive shared its Q4 2023 financial results on top of the overall results for the full year 2023, including a sales milestone for Cities: Skylines 2. Sales for Q4 (between October…

February 6, 2024 | 05:40 EST

Judy Alvarez leaning on some equipment in Cyberpunk 2077, for which a followup codenamed Project Orion is currently in the works
News

Cyberpunk 2077 Followup Project Orion Gains Ex-BioWare Writer and Several More Staffers

CD Projekt Red has announced that it's taken on several new staffers to work on upcoming Cyberpunk 2077 followup Project Orion, and they're pretty well-respected names. First revealed in October…

February 6, 2024 | 10:51 EST

Super mario Bros. Wonder Key Art and Nintendo Switch Logo
News

Nintendo Switch Has Sold 139.36 Million Units, Super Mario Bros. Wonder Sold 11.96 Million Copies

Today Nintendo announced its financial results for the first nine months of the fiscal year, related to the period between April 2023 and December 2023, including an update on Nintendo Switch unit…

February 6, 2024 | 01:40 EST

Cyberpunk 2077 Phantom Liberty Art and Xbox Logo
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CD Projekt CEO Comments on Xbox Exclusivity Gossip: "Happy It’s Not My Headache"

While widespread rumors focused on game exclusivity have caused panic among part of the Xbox fanbase, CD Projekt joint CEO Michał Nowakowski is rather happy that his studio isn't involved. Speaking…

February 5, 2024 | 05:38 EST

Square Enix Logo and Final Fantasy XVI Art
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Square Enix Announces Relatively Weak Financial Results, Still Expects to Come Up on Top in Q4

Today Square Enix announced its financial results for the first nine months of the fiscal year, related to the period between April 2023 and December 2023. According to the financial documents,…

February 5, 2024 | 04:50 EST

Konami Logo and Snake from Metal Gear Solid Master Collection
News

Konami Announces Record Financial Results and Boosts Sales and Profit Outlook for the Full Year

Today Konami announced its financial results for the first nine months of the fiscal year, related to the period between April 2023 and December 2023. Revenue was 253,096 million yen ( up 11.6% year…

February 5, 2024 | 03:50 EST

An imposing-looking female character set against the backdrop of a purple void in the Airship Syndicate game Wayfinder
News

Wayfinder and Ruined King Studio Airship Syndicate Reportedly Hit by Layoffs

Wayfinder and Ruined King: A League of Legends Story developer Airship Syndicate is reportedly the latest casualty in a growing wave of video game industry layoffs. According to Polygon reporter…

February 1, 2024 | 08:31 EST

Marvelous Logo and Fashion Dreamer Art
News

Marvelous' Latest Games Turn a Loss Despite Fashion Dreamer on Switch Selling Almost 500,000 Copies

Marvelous Entertainment announced its financial results for the nine months ended on December 31, 2021, and they're pretty poor.  According to the documents provided, sales for the whole company…

January 31, 2024 | 05:12 EST

Capcom Logo and Ken from Street Fighter 6
News

Capcom Announces Strong Financial Results on Track to Achieve 11 Consecutive Years of Profit Growth

Capcom published its financial results for the 9 months ended on December 31, 2023, and they continue to be extremely strong.  According to the documents shared by Capcom, net sales for the whole…

January 31, 2024 | 02:52 EST

Battlefield 2042 and The Sims 4
News

EA Bosses Discuss Present & Future of Battlefield, Sims, and More, Dodge Nintendo Switch 2 Question

Electronic Arts just hosted its quarterly financial conference call, and Chief Executive Officer Andrew Wilson and Chief Financial Officer Stuart Canfield talked about some interesting topics,…

January 30, 2024 | 09:12 EST

Xbox Activision Blizzard Logos and Call of Duty: Modern Warfare 3 Screenshot.
News

Microsoft CEO Boasts 200 Million Monthly Active Users, "Never Been More Excited" About Games Lineup

Microsoft is hosting its financial conference call for investors and analysts focusing on the first quarter of the fiscal year 2024, and Chief Executive Officer Satya Nadella and Chief Financial…

January 30, 2024 | 06:32 EST

Electronic Arts Logo and a Juventus Player portrayed in EA Sports FC 2024
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Electronic Arts Announces "Strong" Financial Results as EA Sports FC and Madden Revenue Grows

Today Electronic Arts announced its financial results for for the third quarter of the fiscal year 2024, defined as "strong" by the company. Net bookings for the quarter were $2.366 billion up 1%…

January 30, 2024 | 05:15 EST

Xbox and Activision Blizzard Logos
News

Microsoft Gaming Revenue Grows 49% Due to Activision Acquisition, Xbox Hardware Up 3% Year-on-Year

Microsoft announced its financial results for the second quarter of the fiscal year 2024, including details on the ongoing performance of the Xbox business.  Interestingly, as mentioned in the past…

January 30, 2024 | 04:18 EST

A character from Cyberpunk 2077 and a Big Daddy from BioShock side-by-side
News

Ex-Cyberpunk and BioShock Devs Form Antistatic Studios and Tease New Co-op PvE Shooter

A group of industry veterans who've worked on games like BioShock and Cyberpunk 2077 have banded together to form Antistatic Studios, a new developer currently working on its first project. Per a…

January 30, 2024 | 11:19 EST

Glory, Dietrich, and Eiger in the Harebrained Schemes game Shadowrun: Dragonfall, on which Mike McCain served as director
News

Oscar-Winning BattleTech Director Returns for Harebrained Schemes' Next Game

Shadowrun: Dragonfall and BattleTech director Mike McCain has returned to his former studio Harebrained Schemes to head up work on the developer's next title. Per a press release, McCain will both…

January 30, 2024 | 10:50 EST

Tifa and 2B Counterfeit Statues from Final Fantasy VII Remake and NieR: Automata
News

People Behind Counterfeit Final Fantasy and NieR: Automata Figures Criminally Charged in China

Square Enix announced that it has scored a point against the widespread manufacture and distribution of counterfeit figures from its games in China.  According to the announcement made via press…

January 29, 2024 | 10:28 EST

Koei Tecmo Yosuke Hayashi
News

Koei Tecmo Director Discusses The Importance of Being a Gamer to Excel as Manager

Koei Tecmo's Integrated Report 2023 published this morning alongside the company's financial results includes interesting insight from a veteran developer who may sound familiar for many fans, Yosuke…

January 29, 2024 | 06:41 EST

Shapeshifter Games Logo and Saints Row Screenshot
News

Volition Veterans Form New Studio Shapeshifter Games, Working on Xbox Game Studios Project

A group of veteran developers who used to work at Saints Row studio Volition teamed up to form a new studio, named Shapeshifter Games. The studio, revealed on Linkedin, is headquartered in Champaign…

January 29, 2024 | 04:40 EST

Embracer and Eidos Montreal Logos
News

Nearly 100 Employees Laid Off At Eidos Montreal as Embracer's Job-Killing Spree Continues

Today Eidos Montreal officially announced that its employees have been affected by a round of layoffs, part of Embracer Group's continued effort to cut costs. The announcement, made on X (formerly…

January 29, 2024 | 01:34 EST

Koei Tecmo Logo
News

Koei Tecmo Announces Financial Results With Growing Sales and Declining Profit

Today Koei Tecmo announced its financial results for the first 9 months of the fiscal year that will end on March 31, 2024, and they're a bit mixed.  On one side, the documents reveal that sales for…

January 29, 2024 | 02:08 EST

Lamball Pals in Palworld
News

Palworld Developer Considering Legal Action Following Impersonation Case Advertising NFT

Today the developers of Palworld at Pocketpair took to X to denounce a rather egregious impersonation case that surfaced yesterday.  According to the post, the account @Palwcrld_jp, designed to…

January 29, 2024 | 12:16 EST

Art of Dark and Darker Featuring adventurers Fighting a Monster
News

First Legal Clash Between Dark and Darker Developer and Nexon Ends in a Draw

The first legal clash between the developer of the PvPvE FPS game Dark and Darker Ironmace and Nexon ended pretty much in a draw as preliminary injunctions from both parties have been dismissed. …

January 28, 2024 | 04:17 EST

Crash Bandicoot and Coco looking sad in an image intended to represent the alleged Xbox gaming layoffs
News

Microsoft Reportedly Lays Off Almost 2,000 Staff from Gaming Workforce

Xbox is apparently the latest company to join the long line of studios laying off employees, if new reports are to be believed. According to an internal Xbox memo seen by both The Verge and IGN,…

January 25, 2024 | 09:41 EST

Palworld and Detective Pikachu
News

The Pokemon Company Issues Statement About Palworld as the Game Passes 8 Million Copies Sold

The Pokemon Company has issued a statement obviously related to Pocketpair's new crafting survival game Palworld, without actually mentioning it by name.  The statement mentions that the company has…

January 25, 2024 | 12:17 EST

Pople Can Fly Acronym on Mecha Chest
News

Outriders Developer People Can Fly Reportedly Hit by Layoffs

It appears that another well-known development studio has been hit by layoffs today, and it's Polish developer People Can Fly.  The studio, known for games like the recent Bulletstorm VR and…

January 24, 2024 | 07:55 EST

Riot Games Logo and league of Legends Cinematic
News

League of Legends Developer Riot Games Laying Off 530 Employees, Riot Forge Will Cease Development

2023 has been an annus terribilis for employment in the gaming industry, but 2024 isn't starting any better. Riot Games, developer of League of Legends, Valorant, and more, has announced a large…

January 22, 2024 | 08:47 EST

A giant bird pal in Palworld
News

Palworld Developer Denounces Death Threats and Slander Against the Game's Artists

As the commercial success of Palworld continues to grow, Pocketpair CEO Takuro Mizobe took to X to denounce comments received from part of the community. Mizobe-san posted on his personal X (…

January 22, 2024 | 03:04 EST

A close-up of Jax, the main character in the Piranha Bytes game Elex 2
News

Piranha Bytes Admits to "Difficult Situation", Tells Fans "Don't Write Us Off Yet"

Elex and Gothic developer Piranha Bytes has taken to social media to share a somewhat cryptic update on the current state of the studio. In the message, which was posted to X (formerly known as…

January 22, 2024 | 09:09 EST

Square Enix Logo and Sephiroth from Final Fantasy VII Rebirth
News

Square Enix Relying on Final Fantasy VII Rebirth to Reach Annual Target as CEO Reveals His Strategy

Square Enix published the transcript of the Q&A from the latest financial results conference call, in which the new CEO Takashi Kiryu offered information about the publisher's business and plans…

January 18, 2024 | 02:54 EST

The Rockstar and Remedy logos next to one another
News

Remedy Says Rockstar Logo Dispute Was Resolved "Entirely and Amicably" Last Year

A dispute between Remedy and Rockstar regarding the former's logo was resolved in late 2023 and is no longer ongoing, according to a Remedy representative. Earlier this week, it was reported that…

January 18, 2024 | 10:05 EST

Two students gathered around a cauldron in Hogwarts Legacy, Circana's best-selling game of 2023
News

Circana Sales Data for December 2023 Reveals the Best-Selling Games of the Year

Circana (formerly The NPD Group) has released its sales data for December 2023, as well as a roundup of the best-selling games of 2023 (in the US, at least) on each platform. As usual, the group's…

January 18, 2024 | 09:33 EST

A female character with her hands crossed over her chest in CI Games' Lords of the Fallen
News

Lords of the Fallen Publisher CI Games Lays Off 10% of Its Workforce

CI Games has laid off around 10% of its workforce in order to "preserve business strength and stability", the studio has revealed. This news comes via GamesIndustry.biz, which initially found…

January 18, 2024 | 07:28 EST

Microsoft FTC Objection With Sony and Ubisoft
News

Microsoft Is Not Giving Up on Questioning Sony and Ubisoft in Legal Battle Against the FTC

Microsoft and the Federal Trade Commission are trading procedural blows in the legal battle over the $68.7 billion acquisition of Activision Blizzard, with Sony and Ubisoft dragged into the fighting…

January 18, 2024 | 08:14 EST

Baldur's Gate 3 won't Be on Game Pass
News

Baldur's Gate 3 Director Explains Why Larian's Games Won't Be on Subscription Services

Seeing big games appear on subscription services like Xbox Game Pass or PlayStation Plus is almost the norm nowadays, but it won't happen with the acclaimed Baldur's Gate 3.  Larian Studios' CEO and…

January 17, 2024 | 08:24 EST

A paternal robot and a childlike robot sitting side by side in the Thunderful game SteamWorld Build
News

Thunderful To Lay Off 20% of Its Workforce as Part of “Restructuring Program”

Thunderful Group, the parent company of studios like SteamWorld developer Image & Form, has announced major layoffs as part of a "restructuring program". In a press release on its official…

January 17, 2024 | 08:47 EST

Lost Boys Interactive Art and Logo
News

Embracer Strikes Again as More Layoffs Hit Lost Boys Interactive

While 2024 has just started it appears to be a continuation of 2023 in the loss of many gaming industry jobs, especially under Embracer's leaky umbrella.  We now learn that another studio has let go…

January 13, 2024 | 05:36 EST