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Microsoft Addresses Activision Blizzard Acquisition at Brussels Press Conference
Following a private hearing with the European Commission, Microsoft is engaging with the media as the company attempts to secure regulatory approval for its proposed acquisition of Activision Blizzard. The $68.7 billion deal is facing regulatory hurdles in Europe, the UK, and the US. To provide context, Microsoft initially proposed the acquisition in January, and it is currently under review by g…
Feb. 21, 2023, 5:45 p.m.
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Blumhouse Launches New Gaming Arm
Blumhouse, a prominent film and television production company, has announced the establishment of its gaming division, Blumhouse Games. This new subsidiary will focus on developing and publishing horror-themed games for various platforms, including mobile devices, consoles, and PCs. The division aims to collaborate with independent game developers on projects with budgets of less than $10 million…
Feb. 21, 2023, 5:27 p.m.
News
Microsoft Hikes Prices for Xbox Series S and X Consoles in Sweden
Microsoft has implemented a price increase for its Xbox Series S and X consoles in the Swedish market. According to a report by GamingDeputy, the changes were noticed on the company's official website. A breakdown of the old and new prices is as follows: the Xbox Series S previously cost 3,595.00 SEK ($347.34) and now costs 3,894.00 SEK ($376.99), while the Xbox Series X has risen from 5,695.00 S…
Feb. 21, 2023, 3:27 p.m.
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Modern Wolf Appoints Phil Elliott as New CEO
Phil Elliott is set to take the helm as CEO of independent game publisher Modern Wolf, with his tenure commencing in March. This development comes on the heels of his departure from Square Enix Collective, where he had been a key figure since 2013. Initially joining as head of community, Elliott has now passed the baton to Timea Edvi, who has been with the Collective since 2016 and previously hel…
Feb. 21, 2023, 3 p.m.
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Bungie Secures $4.3 Million in Arbitration Ruling Against AimJunkies
In a significant development, Bungie has emerged victorious in part of its ongoing legal battle against AimJunkies, a provider of cheating software, with the company being awarded $4.3 million in damages and fees. According to reports, the arbitration process was conducted privately, culminating in Judge Ronald Cox ruling in favor of Bungie on claims pertaining to DMCA anti-circumvention provisio…
Feb. 21, 2023, 11:03 a.m.
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European Commission Urged to Approve Microsoft's Acquisition of Activision
Chris Shelton, president of the Communications Workers of America, has written to the European Commission's executive vice president, Margrethe Vestager, advocating for the approval of Microsoft's proposed acquisition of Activision Blizzard. Shelton believes this merger could have a positive impact on the labour market, particularly in light of the challenges workers at Activision Blizzard have f…
Feb. 21, 2023, 10:08 a.m.
News
Microsoft and Nintendo Ink 10-Year Deal for Call of Duty on Nintendo Platforms
In a significant development, Microsoft and Nintendo have entered into a 10-year contractual agreement to bring the popular Call of Duty series to Nintendo's platforms, contingent upon the successful acquisition of Activision Blizzard by Microsoft. This move is part of Microsoft's broader strategy to make Xbox games accessible to a wider audience across different platforms. Last year, Microsoft h…
Feb. 21, 2023, 9:47 a.m.
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Ubisoft Announces Participation in E3 2023
Following initial uncertainty, Ubisoft has officially confirmed its attendance at E3 2023 to GamesIndustry.biz. The confirmation comes after Ubisoft CEO Yves Guillemot expressed conditional interest in participating, as reported by VG247. E3 2023, organized by ReedPop, is set to take place despite earlier doubts, with ReedPop President Lance Fensterman affirming that plans are moving forward. A U…
Feb. 20, 2023, 3:56 p.m.
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Gaming Industry Sees $115 Billion in Deals Since 2020
The total value of gaming deals from 2020 to 2022 reached $115.3 billion, according to a recent report by InvestGame, which analyzed private investments, mergers and acquisitions, and public offerings in the gaming sector. The report found that mergers and acquisitions accounted for $71.2 billion over the past three years, excluding pending deals like Microsoft's proposed $68.7 billion acquisitio…
Feb. 20, 2023, 2:19 p.m.
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Supernova Capital Expands Portfolio with Acquisition of Mi-Clos Studio and Little Red Dog Games
Supernova Capital, a prominent equity firm, has announced the acquisition of game development studios Mi-Clos and Little Red Dog Games, further solidifying its presence in the industry. Following the acquisition, Supernova has made a substantial multi-million dollar investment in both studios, demonstrating its commitment to their growth and success. Mi-Clos, a French game developer renowned for …
Feb. 20, 2023, 11:25 a.m.