Bootstrap Gallery
  1. Home
  2. News
Latest News News 🔥
News
Ubisoft Downgrades Financial Outlook, Cancels Three Unreleased Games
Ubisoft has significantly revised its financial projections for the current fiscal year, announcing a series of strategic adjustments. The company had invested heavily in developing long-term live games and adapting its key franchises, such as Assassin's Creed and Far Cry, but some of these projects have yet to be released and recent launches have underperformed. The holiday season saw slower-tha…
Jan. 11, 2023, 6:25 p.m.
News
Global Mobile Gaming Revenue Sees 5% Decline to $110 Billion in 2022
According to a report by Data.ai, the global mobile gaming market experienced a 5% year-over-year decline in revenue, reaching $110 billion in 2022. The State of Mobile 2023 report highlights this downward trend in consumer spending on mobile games. China dominated the market with $42.4 billion in spending, followed by the US with $24.02 billion, Japan with $13.1 billion, South Korea with $5.28 b…
Jan. 11, 2023, 5:20 p.m.
News
Xbox Introduces Eco-Friendly Updates to Minimize Gaming's Carbon Footprint
In a bid to make gaming more sustainable, Xbox has unveiled several updates aimed at reducing the environmental impact of its consoles. The Xbox Series S and X will now default to a low-power 'Shutdown' mode, which reportedly consumes 20 times less energy than the traditional 'Sleep' mode without compromising performance or update functionality. According to Xbox, this switch can significantly re…
Jan. 11, 2023, 5 p.m.
News
Catalis Group Expands Portfolio with Acquisition of Secret 6
In a significant move, Catalis Group has acquired Secret 6, a prominent outsourcing firm specializing in 3D and 2D art, QA services, and comprehensive game development support, for an undisclosed amount. With operations in Madrid and Manila, Secret 6 boasts an impressive portfolio, having collaborated on a diverse range of projects, from blockbuster AAA titles such as The Last of Us: Part 2 and C…
Jan. 11, 2023, 9 a.m.
News
Activision Blizzard Declines to Recognize Proletariat Union
Activision Blizzard has opted not to voluntarily recognize a union formed by employees at its Proletariat Games studio, as stated in a recent blog post signed by the Proletariat Leadership Team. Instead, the company has initiated the process for a formal vote to be conducted by the National Labor Relations Board, arguing that many employees prefer an anonymous voting process. The company claims t…
Jan. 10, 2023, 6:32 p.m.
News
Giga Fun Studios Secures $2.4 Million in Seed Funding
Giga Fun Studios has successfully raised $2.4 million in its initial funding round. The company, headquartered in India, was co-founded by industry experts Krishnendu Mukherjee, Rahul Daga, and Rahul Shekhar. Mukherjee and Daga bring their experience from Zynga, where they held key roles, while Shekhar previously served as an engineering lead at m56 Studios. The newly acquired funds will be utili…
Jan. 10, 2023, 4:43 p.m.
News
Frontier Adjusts Financial Projections Following Disappointing F1 Manager Sales
Frontier Developments has revised its revenue forecasts downward for the current and upcoming financial years due to the underwhelming performance of F1 Manager 2022 and mixed results from its third-party publishing label, Foundry. In its latest trading update, the company reported expected revenues of approximately £57 million for the first half of its FY23, representing a 16% increase from the …
Jan. 10, 2023, 12:17 p.m.
News
UK Sees 31% Rise in Games Companies Since 2016
The UK's trade body for the gaming industry, UKIE, has unveiled an updated version of its interactive UK Games Map. This new edition reveals a significant 31% increase in the number of active games companies in the UK since September 2016. Currently, there are 2,555 active firms, comprising 2,202 games companies, including 83 publishers, 213 service providers, and 140 academic institutions offeri…
Jan. 10, 2023, 10 a.m.
News
UK Home Entertainment: Gaming Tops the Chart in 2022
In 2022, the UK's home entertainment market reached a staggering £11.1 billion in revenue, with the gaming sector emerging as the largest, according to the ERA's annual report. The gaming industry saw a 2.3% increase from 2021, earning £4.66 billion and accounting for 42.1% of the total home entertainment revenue. Although the video industry experienced the most significant growth at 14.4%, reach…
Jan. 10, 2023, 12:01 a.m.
News
Apple Expected to Debut AR/VR Headset in 2023
As reported by Bloomberg, Apple is set to introduce its highly anticipated AR/VR headset as a flagship product in its 2023 lineup. The headset, which has been under development for seven years, is expected to be unveiled in the spring and hit the market in the fall. The device is likely to be branded as the Reality Pro and will operate on a bespoke xrOS operating system, rather than iOS or MacOS.…
Jan. 9, 2023, 3:54 p.m.