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MTG Finalizes $620 Million Acquisition of Plarium
Modern Times Group has successfully completed the acquisition of Plarium, valued at $620 million, from its former owner Aristocrat Leisure Limited. The acquisition agreement, signed in November 2024, included a deferred payment of $20 million scheduled for 2026. With the deal now finalized, MTG will initiate the process of onboarding Plarium and fully incorporating it into the company. According …
Feb. 13, 2025, 9:20 a.m.
News
Kayleen Walters Takes the Helm at Mojang
Microsoft's Vice President of Gaming, Kayleen Walters, has been appointed to lead Mojang Studios, effective immediately. Walters will retain her current role as VP and head of franchise development at Microsoft Gaming, while assuming her new position. Åsa Bredin, the current head of Mojang, is stepping down to concentrate on personal goals outside of work. Federico San Martin will take over Walte…
Feb. 12, 2025, 8:05 p.m.
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Olympic Esports Games Debut Rescheduled for 2027
The International Olympic Committee has officially postponed the inaugural Olympic Esports Games to 2027, following initial plans for a 2025 launch in Saudi Arabia. The delay is attributed to ongoing concerns regarding the format, lack of details from game publishers, and issues with financing and logistics. Despite this setback, the IOC remains committed to hosting the games in Saudi Arabia for …
Feb. 12, 2025, 5:51 p.m.
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One Piece Pirate Warriors 4 Achieves 4 Million Sales Globally
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Feb. 12, 2025, 5:27 p.m.
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Crytek Reduces Workforce by 15%, Delays Crysis 4 Development
Crytek, a prominent German game development studio, has revealed plans to downsize its workforce by 15%, resulting in the redundancy of around 60 employees across its development and shared services divisions. The announcement, made via social media, also disclosed that the development of Crysis 4 has been temporarily suspended as a consequence of this strategic decision. In a public statement,…
Feb. 12, 2025, 2:03 p.m.
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Remedy Sees 49% Revenue Surge in FY24, Alan Wake 2 Breaks Even
Remedy has unveiled its fiscal year financial results, highlighting substantial revenue growth and reduced operating losses compared to the previous year. The latest report also details the performance of Alan Wake 2, which has not only recouped its development costs but also started generating royalties, with sales exceeding two million units. Key takeaways include: Q4 2024 revenue of €11.7 mill…
Feb. 12, 2025, 12:20 p.m.
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Dino Patti Regains Control of Jumpship Following Acquisition from Thunderful
Dino Patti, co-founder of Jumpship, has successfully reacquired the studio after it was previously acquired by Thunderful in 2022. Additionally, Patti has obtained shares in Sad Owl Studios, the developer of Viewfinder. This move comes after significant layoffs took place at Thunderful last November. Patti and Chris Olsen initially founded Jumpship in 2017 with the goal of developing the action-a…
Feb. 12, 2025, 11 a.m.
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Relic Entertainment Unveils New Strategic Direction
Following its independence from Sega in March 2024, Relic Entertainment has initiated a new business approach. In an interview with Game Developer, CEO Justin Dowdeswell outlined the studio's focus on three key areas: supporting existing titles, developing games with narrower scope, and reviving classic franchises through remasters, re-releases, or new projects. Dowdeswell emphasized that the new…
Feb. 12, 2025, 9:20 a.m.
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PlayStation Unveils State of Play Broadcast for February 12
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Feb. 12, 2025, 7:46 a.m.
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Krafton Achieves Historic Sales and Operating Profit Milestones in 2024
Krafton has announced unprecedented financial results for 2024, with annual revenue surging 41.8% to $1.85 billion. Operating profits also saw a significant increase of 54% year-over-year, reaching $825.7 million, driven by the sustained growth and popularity of the PUBG IP, as well as a 35.7% year-over-year revenue boost from Battlegrounds Mobile India. Net profits for the year skyrocketed by 11…
Feb. 11, 2025, 10:53 p.m.