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Former Blizzard Developers' Studio Secures Nearly $1 Million in Funding from Players
The concept of crowdfunding is familiar to many, with numerous Kickstarter campaigns successfully bringing games to market over the years. However, equity crowdfunding is less common. Frost Giant Studios, developer of the upcoming real-time strategy game Stormgate, launched an equity crowdfunding campaign via StartEngine earlier this year, allowing players to purchase shares in the company. The c…
May 13, 2024, 2:33 p.m.
Feature
Sweden's Thriving Gaming Industry Continues to Expand
Despite global challenges, the Swedish gaming industry remains optimistic, with its development scene experiencing rapid growth. Over the past decade, the number of industry professionals has surged from 2,500 to 8,500. According to Dataspelsbranschen spokesperson Per Strömbäck, the industry's current strength lies in its diverse range of titles, although it faces challenges in navigating the eco…
May 13, 2024, 11:17 a.m.
Feature
Sega's Annual Sales Experience 20% Uptick, Driven by Strong Persona and Like a Dragon Sales
Sega Sammy has published its financial report for the fiscal year ending March 31, 2023, showcasing robust performance across multiple areas. Key highlights include: Net sales of ¥468 billion ($3 billion), representing a 20% year-over-year increase; Operating income of ¥56.8 billion ($365 million), up 22% year-over-year; and Profit of ¥33.1 billion ($212 million), down 28% year-over-year. Sega at…
May 10, 2024, 7:19 p.m.
Feature
Microsoft's Baffling Management Decisions
The latest news in the business world is Microsoft's drastic cuts to its ZeniMax studio system, resulting in the shutdown of several notable studios, including Tango Gameworks, Arkane Austin, and Alpha Dog Studios. This move has raised questions about the company's management and its priorities. Despite being one of the most profitable companies, Microsoft has been making significant layoffs, wit…
May 10, 2024, 2:58 p.m.
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Japanese Indie Publishers Take Center Stage at Tokyo Indie Games Summit
The Japanese indie gaming scene is experiencing significant growth, driven by increased investment in independent and doujin creators. A record number of indie developers submitted titles for consideration at the Tokyo Game Show, with 218 Japanese creators participating. The Japanese government has also announced investment schemes to support domestic indie titles. Large companies are now more wi…
May 10, 2024, 8:30 a.m.
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Discover Amir Satvat: The Driving Force Behind Helping Laid-Off Developers Secure New Employment Opportunities
The job search process can be overwhelming and intimidating, particularly during economic downturns and industry-wide layoffs. However, Amir Satvat, currently serving as Business Development Director at Tencent, was inspired to make a positive impact on this process. He has established a community and compiled a range of resources to aid individuals in finding new employment or entering the gamin…
May 9, 2024, 4:31 p.m.
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The Game Music Festival's Triumph: A Conversation with Borislav Slavov and Gustavo Santaolalla
The Game Music Festival has marked a significant milestone in the world of video game music, with its recent event in London featuring performances of Baldur's Gate 3 and The Last of Us scores. The festival's success is a testament to the growing popularity of video game music, with both concerts selling out quickly. Composers Borislav Slavov and Gustavo Santaolalla shared their insights on the c…
May 9, 2024, 8:10 a.m.
Feature
The Impact of Studio Closures on Xbox's Strategy
The recent announcement of Xbox's acquisition of Bethesda was unexpected, not only due to its massive $7.5 billion price tag, but also because it seemed to contradict Xbox's previously stated goals. In interviews, Xbox's senior management had emphasized the need for games that would appeal to PC players and gamers in various regions, including Southeast Asia, Japan, and Europe. Bethesda, however,…
May 8, 2024, 3:19 p.m.
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Hasbro's Latest Foray into Gaming: A Cautionary Tale
This week, we explored Hasbro's latest push into the gaming industry, with a $1 billion investment in four internal studios. While the company's CEO, Chris Cocks, has a background in gaming and a clear vision for the future, the road ahead is fraught with challenges. We examined Hasbro's past attempts at breaking into the gaming market, including its failed console ventures and acquisitions, and …
May 3, 2024, 3:21 p.m.
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Introducing a New System to Evaluate Online Toxicity in Video Games
The traditional method of rating video games, as seen with organizations like the ESRB and PEGI, focuses on evaluating the content and subject matter within the game itself. However, this approach leaves a significant gap: it does not assess the online community associated with the game. A recent report, 'Toxicity In Online Gaming', aims to address this gap by providing a toxicity rating system. …
May 2, 2024, 3:32 p.m.