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2022 Loot Box Regulatory Update: Global Developments in Policy and Law
The controversy over loot boxes and in-game microtransactions has been ongoing for several years, with debates surrounding their potential harm to players and similarities to gambling. Despite initial regulatory efforts in countries like the UK, Denmark, Belgium, and the Netherlands between 2017 and 2018, little progress was made until 2022. This year saw significant shifts in regulatory position…
Dec. 13, 2022, 4 p.m.
News
2022 Year in Review: A Podcast Recap
The GamesIndustry.biz team comes together in their latest podcast to reflect on the year's most notable stories and trends. Starting with a recent This Week In Business episode, they debate whether 2022 was a slow year for new game releases and compare it to previous years. The team also explores major trends, including the significant M&A deals that shook the industry in January. Listeners…
Dec. 13, 2022, 2:55 p.m.
News
Microsoft Offers to Include Call of Duty in PlayStation's Subscription Service
According to Bloomberg, Microsoft has proposed granting Sony the rights to feature Call of Duty as part of its PS Plus subscription package. This offer complements the existing agreement that ensures Call of Duty's availability on PlayStation, Nintendo, and Steam platforms for the next decade. Regulators have expressed concerns that the deal may give Microsoft an unfair advantage in the gaming in…
Dec. 13, 2022, 10:20 a.m.
News
Keywords Expands Presence in Italy with LabCom Acquisition
Keywords has revealed its acquisition of LabCom, a Milan-based public relations and communications agency specializing in the video game industry. The acquisition terms include an initial payment of €1 million in cash, with the possibility of Keywords issuing up to 12,412 new ordinary shares as additional consideration three years after the acquisition date, subject to certain conditions being m…
Dec. 13, 2022, 9:35 a.m.
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Sonic Frontiers Reaches 2.5 Million Units Sold
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Dec. 13, 2022, 9:13 a.m.
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Winners of the 2022 Games Industry Africa Awards Revealed
The Games Industry Africa Awards (GIAA) has unveiled its 2022 winners, highlighting the continent's vibrant gaming talent. By acknowledging Africa's gaming prowess, the organization aims to foster growth and creativity within the industry. This year, Mekan Games dominated the awards, taking home three prestigious categories: Most Impactful Video Game, Debut of the Year, and the coveted Game of th…
Dec. 12, 2022, 10:26 p.m.
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Playtika Announces Restructuring Efforts with 600 Job Cuts
Playtika, a leading mobile gaming company, is set to undergo significant restructuring, resulting in the loss of over 600 jobs. According to an email from CEO Robert Antokol, this 15% workforce reduction will also involve the cancellation of three games currently in development. The specific studios affected by these layoffs have not been disclosed. Moving forward, new game development will be ov…
Dec. 12, 2022, 8:47 p.m.
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Tekken 7 Reaches 10 Million Units Sold
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Dec. 12, 2022, 4:09 p.m.
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Developer of The Outbound Ghost Alleges Unauthorized Release by Digerati
Conradical Games, the developer of The Outbound Ghost, is contemplating legal action against publisher Digerati due to the game's subpar release. According to a video statement, the developer's relationship with Digerati has deteriorated, and they are refusing to return control of the game. The lead developer, Conrad Grindheim, stated, 'We are exploring our legal options to resolve this situation…
Dec. 12, 2022, 3:39 p.m.
News
Microsoft's Commitment to EU on Bethesda Exclusives Under Scrutiny
GamesIndustry.biz's For The Record series offers in-depth analysis of the industry's most significant stories, providing context and updates on ongoing issues. Recently, reports emerged that the European Union has intervened in the Federal Trade Commission's lawsuit against Microsoft's proposed acquisition of Activision Blizzard, specifically addressing concerns about the company's handling of Be…
Dec. 12, 2022, 1:26 p.m.