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Asia and MENA to Spend $78.5 Billion on In-Game Purchases by 2023, Reports Niko Partners
According to a recent study by Niko Partners, in-game purchases will account for 87.8% of the $89.4 billion gaming market in Asia, the Middle East, and North Africa. The total spend on in-app purchases is projected to be $78.5 billion, with $7.8 billion attributed to premium games and $3.1 billion to subscription services. The survey found that 62.3% of respondents purchased premium games in the …
Dec. 14, 2023, 12:19 p.m.
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Thunderful Revamps Leadership Team
Thunderful has undergone a significant leadership restructuring, marked by the departure of Chief Games Officer Agostino Simonetta and the appointment of four new executives to key positions. Claire Boissiere, formerly VP of Studios, has been elevated to Executive Vice President of Studios and Development, while also retaining her role as Jumpship's Studio Director. Harriet Hughes, previously VP …
Dec. 14, 2023, 11:19 a.m.
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Netflix Expands Gaming Portfolio with 90 Titles in Development
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Dec. 14, 2023, 9:51 a.m.
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Hasbro to Eliminate Approximately 1,100 Jobs
Hasbro, the parent company of Wizards of the Coast, has announced plans to cut around 1,100 positions. This move comes in addition to the nearly 800 jobs that have already been eliminated across the company. In a message to employees, Hasbro stated that reducing the workforce was a necessary step to ensure the company's long-term health. The firm noted that despite achieving some significant succ…
Dec. 13, 2023, 9:44 p.m.
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ESA CEO Explains Decision to End E3, Citing Evolving Industry Requirements
In the wake of the ESA's decision to discontinue E3, CEO Stanley Pierre-Louis revealed that game developers have adapted various strategies to promote their products, catering to their specific business needs. During an interview with GamesBeat, Pierre-Louis reflected on the factors that led to the event's cancellation. Without providing a direct answer, he suggested that the decision was par…
Dec. 13, 2023, 8:30 p.m.
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US Gaming Spending Sees 7% Decline in November
According to Circana's latest monthly report on US gaming spending, the industry experienced a downturn in November, with total spending decreasing by 7% to $5.87 billion. The decline was largely driven by a 24% drop in hardware sales, which fell to $964 million, and a 3% decrease in game content spending, totaling $4.6 billion. The latter was attributed to a tough comparison with last year's rel…
Dec. 13, 2023, 4:05 p.m.
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Year in Review: 2023 Podcast Recap
The GamesIndustry.biz team convenes to discuss the past year's major events and trends, including the industry's recent layoffs and their implications for 2024. The conversation also touches on the AI debate in game development, the year's game releases, and the Epic vs Google trial. Look out for our upcoming Games of the Year podcast, and check out our written reviews of 2023's top titles. Liste…
Dec. 13, 2023, 3:47 p.m.
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Alyssa Walles Joins Midwest Games as Chief Operating Officer
Midwest Games has expanded its leadership team with the appointment of Alyssa Walles as its new Chief Operating Officer. Walles brings over two decades of experience to the role, having served on Atari's board of directors for nearly a decade and founded her own consulting firm, Amplitude, which she led for over 17 years. She also currently serves as the part-time executive director of the IGDA F…
Dec. 13, 2023, 10:16 a.m.
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Free Radical Design Shuts Down Operations
In a recent statement released on December 13, 2023, Plaion officially announced the closure of Free Radical Design. The publisher expressed its sadness, stating, "It is with great regret that we must announce another challenging decision. Today, we confirm the official closure of Free Radical Design and bid farewell to many exceptional, skilled, and dedicated individuals." The company also expre…
Dec. 13, 2023, 9:34 a.m.
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Apple Announces Honkai: Star Rail as iPhone Game of the Year
Apple has unveiled the winners of its App Store awards, recognizing the most exceptional games and apps across its range of platforms. Honkai: Star Rail, the sci-fi title from MiHoYo and sibling to Genshin Impact, has been crowned iPhone Game of the Year, praised for its stunning visuals, engaging combat, and immersive worlds. Meanwhile, Snapbreak Games' Lost in Play took the top spot for iPad Ga…
Dec. 12, 2023, 5:39 p.m.