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Remedy Sees Revenue Boost as Alan Wake 2 Recovers Most Development Costs
Remedy has released its financial report for the first half of 2024, indicating a rise in revenue and enhanced profitability compared to the same period last year. Although Alan Wake 2 has not yet generated royalties, the game has largely recovered its development and marketing expenses since its release in October. The company's revenue for the second quarter of 2024 was €10.3 million, represent…
Aug. 9, 2024, 12:17 p.m.
News
Apple Revises EU Fees and Linking Options Following DMA Investigation
In response to the European Union's Digital Markets Act, Apple has updated its terms of service to permit developers to connect users to external payment systems or alternative platforms, provided they accept the revised terms. However, Apple will impose a 5% initial acquisition fee on digital purchases made within the first year of installation for new users, as well as a 10% store services fee …
Aug. 9, 2024, 11:01 a.m.
News
Xsolla Expands Presence with New Montreal Office
Xsolla has launched its inaugural Canadian office in Montreal, marking a significant milestone in its regional expansion efforts. This strategic move is the result of a partnership with GameAddik, a prominent advertising firm in the gaming industry. Over the next two years, Xsolla plans to augment its operations by recruiting up to 50 new employees to fill various roles, including business develo…
Aug. 9, 2024, 10:49 a.m.
News
Unity Experiences 16% Revenue Decline to $449 Million in Q2
Unity has unveiled its financial results for the quarter ending June 30, 2024, revealing a revenue decrease that nonetheless exceeded the company's prior guidance of $420-$425 million for the quarter. The period also saw significant executive changes, including the departure of CFO Luis Visoso, who joined in 2021, and the appointment of Mark Barrysmith as interim CFO, alongside two additional exe…
Aug. 9, 2024, 9:52 a.m.
News
Take-Two Reports Moderate Q1 Growth Amidst Ambitious Development Plans
Take-Two has announced its financial results for the first fiscal quarter of 2025, revealing a modest increase in bookings and revenue, despite deeper losses. Key figures include: $1.34 billion in net revenue, a 4% year-over-year increase; a net loss of $262 million, compared to $206 million in the previous year; and $1.22 billion in total net bookings, representing a 1% year-over-year growth. Th…
Aug. 8, 2024, 8:20 p.m.
News
Thirdverse Names New Chief Executive Officer
Thirdverse, a prominent VR developer and publisher, has announced the appointment of Masaru Ohnogi as its new Chief Executive Officer. The move is expected to propel the company towards achieving its vision of creating a novel virtual world for a massive user base of one billion people, while also bolstering its international expansion strategy. Ohnogi, who has been with Thirdverse since October …
Aug. 8, 2024, 6:23 p.m.
News
Kingmakers Lands Film Adaptation Deal Ahead of Launch
Kingmakers, an upcoming time-traveling shooter with tower defense and strategy elements from Redemption Road, has been greenlit for a movie adaptation prior to its release. According to the game's publisher, tinyBuild, a partnership with Story Kitchen has been formed to create a live-action film based on the game. The movie will be an adaptation of the game, which takes players back in time…
Aug. 8, 2024, 5:45 p.m.
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Oxide Games Names Former Nickelodeon and Paramount Executive Adrian Wright as General Manager
Oxide Games has announced the appointment of Adrian Wright, a seasoned executive formerly of Nickelodeon and Paramount, to the position of general manager. Wright will be responsible for overseeing the studio's strategic direction and operational management, with a focus on uniting talented developers to create innovative strategy games. Throughout his career, Wright has been involved in licensin…
Aug. 8, 2024, 5:05 p.m.
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Türkiye Blocks Roblox Over Concerns About Child Protection
Following a government decision, Roblox has been suspended in Türkiye. According to an announcement by the Turkish Minister of Justice, Yılmaz Tunç, on social media, the ban was enforced due to concerns that the platform's content could potentially put children at risk of exploitation. In a statement, Roblox expressed its commitment to adhering to local laws and regulations, emphasizing its share…
Aug. 8, 2024, 2:49 p.m.
News
Nazara Technologies Purchases Fusebox Games in $27.2 Million Deal
Nazara Technologies has completed the acquisition of Fusebox Games, a UK-based mobile gaming studio, for a sum of $27.2 million. Fusebox Games, established in 2016, specializes in developing interactive story titles, including the popular Love Island game, with several other projects in the pipeline based on prominent television IPs. According to Nitish Mittersain, CEO and founder of Nazara, the …
Aug. 8, 2024, 10:21 a.m.