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ZeniMax Executive Comments on Studio Closures: "On the Brink of Collapse"
According to a recent report by Bloomberg, a ZeniMax executive revealed that the closure of four Xbox studios was primarily due to insufficient staffing and support. During a town hall meeting, Jill Braff, the head of ZeniMax, expressed that supporting the studios globally had become challenging due to a lean central team and multiple ongoing projects. Braff stated, "I think we were about to topp…
May 9, 2024, 9:21 a.m.
News
Krafton Reports 24% Surge in Q1 Sales
Krafton's Q1 financial report reveals a significant increase in consumer spending, totaling $488 million. Key highlights from the report include: Sales of $488 million (666 billion KRW), representing a 24% year-over-year increase. Operating profit of $227 million (310.5 billion KRW), up 10% from the previous year. Net profit of $255 million (348.6 billion KRW), marking a 30% year-over-y…
May 8, 2024, 6:43 p.m.
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London to Host SXSW Festival in 2025
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May 8, 2024, 2:57 p.m.
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Founder Mike Wilson Departs DeepWell
Mike Wilson, the founder and co-CEO of DeepWell, a studio centered on mental health, has announced his departure from the company. The news was shared on social media, with Wilson revealing that his exit occurred in late 2023. In a statement, Wilson expressed his decision to leave, stating that nearly all the games industry colleagues he had brought to DeepWell also departed. He clarified that he…
May 8, 2024, 2:38 p.m.
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Pole to Win Launches State-of-the-Art Motion Capture Studio in Collaboration with Imaginarium Studios
In a significant expansion of their partnership, Pole to Win has unveiled a brand-new motion capture studio at SIDE London, in tandem with Imaginarium Studios. This innovative space enables development teams to seamlessly integrate dialogue and motion capture, streamlining their workflow. The studio boasts the capability to capture the performances of up to two characters simultaneously, further …
May 8, 2024, 1:25 p.m.
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Devolver Co-Founder Believes Large-Scale Game Development is Becoming Overwhelming
The gaming industry has faced significant challenges, and when speaking with Devolver Digital co-founder Nigel Lowrie, it becomes clear that the pandemic's impact is still being felt. Lowrie notes that the industry's growth during the pandemic has receded, and other factors are affecting different aspects of the industry. He believes that large-scale game development is struggling under its own w…
May 8, 2024, 1:12 p.m.
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EA Expects Over 50% of Development to Benefit from Gen AI
Andrew Wilson, CEO of Electronic Arts, discussed the potential of generative AI to streamline the company's development process and empower developers during a recent earnings call. Wilson expressed enthusiasm for the technology's ability to enhance efficiency and grant developers more time to focus on creative aspects. "We're exploring how it can increase our efficiency, provide our developers w…
May 8, 2024, 11:03 a.m.
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TikTok Contesting US Prohibition
ByteDance, the parent company of TikTok, has lodged a formal objection to the proposed US ban on the platform. According to a report by NPR, the challenge was submitted to the Court of Appeals for the District of Columbia Circuit. The filing posits that there is no concrete evidence to suggest the Chinese government has utilized the app for surveillance on American citizens. The petition states, …
May 7, 2024, 8:17 p.m.
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EA Sports FC and Madden NFL Drive EA's Annual Growth Despite a Slow Q4
Electronic Arts has released its Q4 FY24 earnings report, which covers the three months ending March 31, 2024. The report shows a decline in sales during the fourth quarter, but an improvement in the bottom line compared to the previous year. For the full year, EA's revenue and net income saw modest and significant growth, respectively. Key financial highlights include a 2% year-over-year increas…
May 7, 2024, 8:07 p.m.
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Activision Ordered to Pay $23.4 Million in Patent Infringement Case
A recent jury verdict has determined that Activision Blizzard must pay $23.4 million to Acceleration Bay due to patent infringement. According to Law.com, this ruling comes after an eight-year legal battle initiated by the tech incubator in 2015. The lawsuit, filed in the US District Court for the District of Delaware, alleged that Activision utilized patents related to networking and broadcastin…
May 7, 2024, 3:21 p.m.