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Google Play Games Now Available in Europe and New Zealand
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May 25, 2023, 9:42 a.m.
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Microsoft to Contest UK Regulator's Block on Activision Blizzard Acquisition
Following the UK Competition and Markets Authority's decision to block Microsoft's proposed acquisition of Activision Blizzard, the tech giant has filed an appeal with the Competition Appeal Tribunal. The appeal, submitted on May 24, marks the beginning of a lengthy process that could take up to nine months to resolve. The CMA had cited concerns that allowing Microsoft to acquire Activision Blizz…
May 25, 2023, 8:37 a.m.
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PlayStation Showcase Unveils Exciting New Titles and Project Q Handheld Console
The recent PlayStation Showcase 2023, streamed on Twitch and YouTube, brought a plethora of thrilling announcements. The event culminated in the unveiling of Project Q, Sony's dedicated remote streaming device, and an extended trailer for the highly anticipated Spider-Man 2. Project Q boasts an 8-inch HD screen, enabling seamless remote play over WiFi from the PS5, while the company also introduc…
May 24, 2023, 9:33 p.m.
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Focus Entertainment Experiences Leadership Change as CEO Departs
Focus Entertainment recently revealed that its CEO, Sean Brennan, has relinquished his position. Brennan had assumed the role just four months prior, in January, and will be succeeded by the company's chairman, Fabrice Larue. Brennan reflected on his tenure, stating, "I have been delighted to contribute to Focus's growth and its strategic pursuit of elevating its position in the value chain." …
May 24, 2023, 5:09 p.m.
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Embracer Group Sees Net Sales Surge to $3.5 Billion Amid Challenging Year
Embracer Group has released its full-year financial results, showcasing a substantial increase in net sales across all segments. Despite this robust sales performance, CEO Lars Wingefors characterized the past 12 months as a difficult period, citing game delays, softer consumer demand, and a lackluster response to certain high-profile releases. One notable example of this was the underwhelming re…
May 24, 2023, 11:39 a.m.
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PSVR 2 Sees Impressive Sales with Nearly 600,000 Units Sold in Six Weeks
The PlayStation VR 2 has achieved remarkable sales, with nearly 600,000 units sold within the first six weeks of its launch, surpassing the sales performance of its predecessor. During a recent Sony corporate strategy meeting, the company shared insights into its gaming business, including the successful launch of the PSVR 2. Although exact figures were not disclosed, the data presented showed th…
May 24, 2023, 10:09 a.m.
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Relic Entertainment to Undergo Restructuring, Resulting in 121 Job Cuts
Sega has confirmed that Relic Entertainment, the development studio behind the Company of Heroes series, will be undergoing a significant restructuring, resulting in the elimination of 121 positions. The decision is aimed at enabling the studio to concentrate on its core franchises. The Company of Heroes series, which recently saw the launch of its third installment on PC in February, with a cons…
May 23, 2023, 5:30 p.m.
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Major Shareholder Urges EG7 to Explore Sale Options
A significant shareholder of Enad Global 7 has formally requested the company's board to consider a full sale. This proposal follows an in-depth analysis of EG7's business strategies, operations, and portfolio. The shareholder group emphasizes that despite EG7's impressive array of assets and its position as a leading gaming company, it remains significantly undervalued in the global market. The …
May 23, 2023, 4:37 p.m.
News
Activision Blizzard and Plaion Face Fines for Failing to Disclose Loot Boxes
The PEGI ratings board has imposed fines on Activision Blizzard and Plaion for failing to disclose the presence of loot boxes in their games during the rating submission process. Specifically, Activision Blizzard did not mention loot boxes in Diablo Immortal, while Plaion omitted this information for the Limited Bounty Hunter Edition of Hunt: Showdown. As a result, the PEGI Enforcement Committee …
May 23, 2023, 2:49 p.m.
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Nintendo Faces Lawsuit Over Microtransactions in Mario Kart Tour
A potential class-action lawsuit has been filed against Nintendo, alleging that the company's implementation of loot boxes in Mario Kart Tour is unfair. According to a report by ClassAction, the lawsuit was initiated by a parent whose child spent over $170 on in-game purchases. The complaint claims that Nintendo intentionally designed the game to be more challenging for players who do not spend m…
May 23, 2023, 2:35 p.m.