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81% of Mobile Developers Focused on Creating New Games
According to a report released by Sandsoft, a mobile gaming company, a significant majority of 81% of mobile developers are actively working on new game titles. Furthermore, 83% of these developers have successfully secured funding for the development, launch, or marketing of their games. The report, titled The Publisher Perception Report and conducted in collaboration with Atomik Research, sur…
Aug. 14, 2024, 9:09 a.m.
News
Sustainable Games Alliance Aims to Drive Industry-Wide Environmental Responsibility
The games industry has given birth to the Sustainable Games Alliance, a non-profit entity committed to guiding the sector towards environmental sustainability. With the backing of industry luminaries such as David Helgason, founder of Unity Technologies, and Petri Järvilehto, co-founder of Remedy, the alliance, led by managing director and co-founder Maria Wagner, strives to transform the gaming …
Aug. 14, 2024, 7 a.m.
News
Archiact VR Studio Announces Closure
The Canadian VR studio Archiact has announced its closure in a LinkedIn statement, informing all staff that operations will cease in two weeks. Established in 2013, Archiact positioned itself as a trailblazer in the VR space, focusing on the development of immersive reality games such as Doom 3: VR Edition and Marvel Dimension of Heroes. Throughout its 11-year run, the studio successfully publi…
Aug. 13, 2024, 8:03 p.m.
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Supercell Names New Chief Financial Officer
Supercell has announced the appointment of Gerard Griffin as its new Chief Financial Officer. Griffin brings over 25 years of experience in finance and business leadership, having held senior positions at companies such as EA, Zynga, NBC, and Sportradar. He plans to collaborate with the leadership team to drive creative growth in the company's games and business. Janne Snellman, the outgoing CFO,…
Aug. 13, 2024, 7:41 p.m.
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Owlcat Games Ventures into Publishing
Owlcat Games has established a publishing division, signing RPG titles from Emotion Spark Studio and Another Angle Games. The company aims to assist independent game developers worldwide in introducing their role-playing and narrative-driven games. Owlcat will provide its partners with comprehensive services, funding, and expert guidance. Additionally, the company has taken over META Publishing, …
Aug. 13, 2024, 6:29 p.m.
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Germany Sees 6% Drop in Gaming Expenditure for H1 2024, Reaching €4.3 Billion
In the first half of 2024, German gaming expenditure totaled €4.28 billion, representing a 6% decrease from the same period in the previous year. This information is based on a report by the German trade association Game, which utilized data from GfK and Data.ai, a subsidiary of Sensor Tower. The decline signifies the market's first contraction following several years of expansion. The most signi…
Aug. 13, 2024, 2:40 p.m.
News
Marvelous USA and Xseed Games to Function as Independent Publishing Labels
Marvelous, a Japanese game developer, has unveiled organizational changes affecting its subsidiaries, Marvelous USA and Xseed Games. Xseed Games will proceed with publishing third-party titles, including upcoming releases such as The Big Catch and Moonlight Peaks. In contrast, Marvelous USA will concentrate on publishing Marvelous-developed games, including the Story of Seasons series and Rune Fa…
Aug. 13, 2024, 2:17 p.m.
News
Global Gaming Market Projected to Reach $187 Billion by 2024
According to Newzoo's latest report, the global gaming market is expected to expand to $187.7 billion in 2024, representing a 2.1% year-over-year increase. This revised forecast is marginally lower than the firm's initial prediction of $189.3 billion. Newzoo also anticipates a compound annual growth rate of 3.1% from 2022 to 2027, with the market projected to reach $213.3 billion within three yea…
Aug. 13, 2024, 1 p.m.
News
Krafton Acquires Tango Gameworks: A Deep Dive into Gaming Industry Numbers and Trends | GI Microcast
The newest installment of The GamesIndustry.biz Microcast is ready for download. This episode delves into the latest financial reports from major players like Warner Bros, Bandai Namco, Sega, and Remedy. We also examine the decline in PS5 sales and Sony's current standing, as well as our discussion with Take-Two CEO Strauss Zelnick about the company's recent performance and upcoming lineup. Furth…
Aug. 13, 2024, 12:18 p.m.
News
Powerful Pro Baseball Tops Japan's July Charts
In July, Konami's Powerful Pro Baseball 2024-2025 secured the top spot in Japan's sales rankings, achieving a combined total of 260,000 units sold within its first two weeks of release on July 18. Available on both Switch and PS4, this title outperformed its predecessor, eBaseball Powerful Pro Baseball 2022, which had sold a combined 202,000 units, according to the latest data from Famitsu. Luigi…
Aug. 13, 2024, 10:28 a.m.