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Grand Games Secures $3 Million Investment
Grand Games, a Turkish startup, has successfully raised $3 million in its pre-seed funding round. According to reports by GamesBeat, the investment was led by Earlybird Digital East Fund, with participation from Laton Ventures. The funds will be utilized to support the development of upcoming titles and bolster the company's workforce. The developer has already soft-launched its inaugural title, …
July 15, 2024, 10:04 a.m.
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The First Descendant Surpasses 10 Million Players
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July 15, 2024, 8:46 a.m.
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Saudi Arabia to Host Inaugural Olympic Esports Event
The inaugural Olympic Esports Games are slated to take place in Saudi Arabia in 2025, following a 12-year partnership between the International Olympic Committee and the National Olympic Committee of Saudi Arabia. While the host city and venue are yet to be determined, the games are expected to be held at regular intervals. This development comes after the IOC announced its plans for an Olympic E…
July 15, 2024, 8:25 a.m.
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Nintendo Faces Allegations of Failing to Properly Credit External Developers
Allegations have surfaced that Nintendo is not properly crediting external translators, according to sources from service providers Localsoft and Keywords. The sources, who spoke to Game Developer, claim that Nintendo has failed to adequately recognize their contributions to several notable titles, including Paper Mario: The Thousand Year Door, Animal Crossing: New Horizons, and The Legend of Zel…
July 12, 2024, 2:37 p.m.
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Techland Transitions to In-Office and Hybrid Work Arrangements
Techland is implementing a significant shift in its work arrangements, with the majority of staff transitioning to either in-studio work or a hybrid model that combines remote and on-site work. This change aims to foster a more collaborative work environment, according to a statement provided to GamesIndustry.biz. While remote work remains an option, employees based near the offices will be requi…
July 12, 2024, 1:37 p.m.
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The First Descendant to Undergo Updates Following Allegations of Similarities to Destiny 2
Following allegations that The First Descendant borrowed design elements from Destiny 2, Nexon has issued a response. A recent Forbes report pointed out the similarities in iconography and weapon designs between Nexon's free-to-play shooter and Bungie's title. Nexon has stated that it has taken the concerns seriously and will implement adjustments to ensure the game's unique identity is reflected…
July 12, 2024, 11:29 a.m.
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Embracer Obtains €600m Revolving Credit Facility
Embracer has successfully secured a new €600m ($652m) revolving credit facility spanning two years. This facility supersedes the existing €420m ($456m) revolving credit facility, which is set to mature in May 2025. The new facility boasts improved terms, including a significantly reduced credit margin for utilized debt, which Embracer believes will lower interest expenses through enhanced terms a…
July 11, 2024, 7:16 p.m.
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Tencent to Discontinue Synced, Its Free-to-Play Shooter, After Only One Year
Tencent has announced that it will be discontinuing its free-to-play shooter game, Synced. The decision to terminate the game's servers comes exactly one year after its launch, with the shutdown scheduled for September 8 at 7pm GMT-8. Although no reason has been provided for the closure, players have been informed that they can continue to play and utilize existing in-game items until the termina…
July 11, 2024, 3:47 p.m.
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GAME to Discontinue In-Store Pre-Orders Starting Next Month
UK retail chain GAME is reportedly downsizing its services, with a recent report indicating that in-store pre-orders for upcoming games will soon be discontinued. According to Eurogamer, multiple GAME staff members have confirmed that the retailer will cease accepting new in-store pre-orders from August 1, although online pre-orders will still be available. Existing pre-orders for games set to re…
July 11, 2024, 1:10 p.m.
News
First Break Labs Emerges as New Indie Publishing and Investment Company
A group of former Nintendo and Sega employees has founded First Break Labs, a publishing and investment firm dedicated to supporting independent game developers in achieving their industry debut. The company plans to offer financial backing and marketing expertise to its partner studios, leveraging its team's extensive experience spanning over two decades in the gaming industry, encompassing both…
July 11, 2024, 11:59 a.m.