Gaming Industry All Articles - Page 3

Russian flag overlayed on a picture from an ad of Games of the Future
News

Russia Appears To Be Using Its Army of Trolls To Peddle Its Version of Esports

Russia is about to host a big Esports and Sports competition named "Games of the Future" and it appears to be using its well-documented army of trolls to promote it.  The competition will be hosted…

February 20, 2024 | 10:58 EST

PlayStation and Steam logos
News

A Small Mistranslation of PlayStation's Multiplatform Plans Causes Panic Among Sony Fans

Following Sony's financial conference call for investors and analysts that included several interesting statements about the PlayStation business, an official transcript published by the company…

February 20, 2024 | 03:29 EST

Two citizens on a bench overlooking a city in Cities: Skylines 2
News

Cities: Skylines 2 Gets New Deep Dive All About Its Insanely In-Depth Citizen Simulation

Cities: Skylines 2 developer Colossal Order has released a new dev diary in which the studio sheds light on its process for creating and simulating citizens. The latest Word of the Week column talks…

February 19, 2024 | 10:03 EST

A close-up of a Terminator exoskeleton to represent the upcoming Nacon Connect presentation
News

Nacon Connect Returns Next Week With Info on GreedFall 2, Terminator, and More

French publisher Nacon is to hold a new Nacon Connect presentation next week. It'll feature information about several upcoming Nacon projects, plus "a few surprises", according to the publisher. In…

February 19, 2024 | 08:59 EST

The key art of Disco Elysium
News

Disco Elysium Developer ZA/UM Confirms Game Cancellation and Layoffs

Today Disco Elysium developer ZA/UM officially confirmed the cancellation of a project in development and the resulting layoffs of part of its workforce. Initially reported as a rumor citing "…

February 16, 2024 | 02:10 EST

The Judge in Ace Attorney with logos of FTC, Microsoft, Activision, and Blizzard
News

Judge Delays Ruling on FTC's Attempt to Exclude Evidence in Microsoft's Favor in Activision Case

The endless saga of the legal battle between the FTC and Microsoft for the acquisition of Activision Blizzard continues, with the house of Xbox countering one of the regulator's latest moves and the…

February 16, 2024 | 01:23 EST

An Epic Games Store Year in Review 2023 banner over the top of cover art for games popular on the Epic Games Store last year
News

PC Gamers Spent $950 Million on the Epic Games Store Last Year, Epic Reveals

Epic has revealed some statistics for the Epic Games Store throughout 2023, and it turns out that PC gamers sure did spend a lot of money on the store last year. According to Epic's stats, gamers…

February 16, 2024 | 10:24 EST

Baldur's Gate 3 Screenshot and DICE Awards logo
News

Baldur's Gate 3 Wins Game of the Year at the D.I.C.E. Awards, Here Are All the Winners

The Academy of Interactive Arts & Sciences just hosted the 27th annual D.I.C.E. Awards, and the winners for all categories have been announced. If you're not familiar with the awards, the…

February 16, 2024 | 01:07 EST

Jesse Rentier in the Flying Wild Hog game Evil West dishing out violence against some demons
News

Evil West Developer Flying Wild Hog Unionizes Under Polish Gamedev Workers Union

Evil West and Shadow Warrior 3 developer Flying Wild Hog has unionized under the banner of the Polish Gamedev Workers Union. This news comes via a post on the union's official LinkedIn page, wherein…

February 15, 2024 | 10:06 EST

Four heisters from Payday 3 wearing masks and wielding guns
News

Starbreeze Admits Payday 3 Performing at “Significantly Lower Levels” Than Desired

Payday 3 developer Starbreeze Studios has admitted that the heist shooter is performing at "significantly lower levels" than desired. In an earnings report for 2023 released earlier today,…

February 15, 2024 | 08:57 EST

A woman suspended by wires in artwork for Homeworld 3 by Blackbird Interactive
News

Homeworld 3 Developer Blackbird Interactive Hit by Layoffs

Homeworld 3 developer Blackbird Interactive is the latest studio to fall victim to the sweeping wave of layoffs currently hitting the gaming industry, a spokesperson has confirmed. Reports began to…

February 15, 2024 | 08:33 EST

Embracer Group Logo
News

Embracer Has Laid Off 8% of Its Employees and Isn't Done Yet With Layoffs Despite Record Quarter

Embracer announced its financial results for the third quarter of the fiscal year 2023/24, related to the period between October and December 2023.  As mentioned in the documentation produced by the…

February 15, 2024 | 03:38 EST

Bandai Namco Logo and Blue Protocol Screenshot
News

Bandai Namco Will Refocus Game Development on Quality Following Declining Financial Results

Bandai Namco announced its financial results for the third quarter of the fiscal year, related to the period between October and December 2023. According to the documents provided by the Tokyo-based…

February 14, 2024 | 07:37 EST

PS5 Console and PlayStation Logo
News

Sony Drops Full Year PS5 Sales Target to 21 Million Units, Expects Shipments Decline From Next Year

During Sony's quarterly financial conference call for investors and analysts, CFO and COO Hiroki Totoki talked about the PlayStation Business and announced a revision to the PS5 sales prediction for…

February 14, 2024 | 02:37 EST

PS5 and PlayStation Logo
News

PS5 Sales Pass 54.7 Milion Units, Marvel's Spider-Man 2 Has Sold 10 Million Copies

Sony just released its financial results for the third quarter of the fiscal year, related to the period between October and December 2023, alongside an update on PS5 shipments. The financial…

February 14, 2024 | 01:20 EST

Judy Alvarez looking over the city in Cyberpunk 2077, a game that prominently features LGBTQ+ characters
News

LGBTQ+ Gamer Numbers Growing but Representation Lags Behind, New GLAAD Report Shows

LGBTQ+ advocacy group GLAAD has released its inaugural State of LGBTQ Inclusion in Video Games report, collecting data on LGBTQ+ gamers and representation within the medium. According to GLAAD, the…

February 13, 2024 | 10:18 EST

A small yellow robot with blue eyes, which serves as the Simplygon mascot, against a backdrop of autumnal leaves and soil
News

Simplygon Free Tier Simply Gone, Leaving Developers in the Lurch

3D optimization tool Simplygon is discontinuing its free service, meaning that any smaller developer or company relying on that service will now have to pay a significant amount to access the…

February 12, 2024 | 11:46 EST

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
News

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
News

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
News

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
News

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
News

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