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Nexon's Q3 Revenue Sees Uptick, Thanks to Dungeon & Fighter Mobile
Nexon has unveiled its Q3 financial report, highlighting a year-on-year increase in revenue, albeit with a decrease in net income. Key figures for the quarter ending September 30, 2024, include: revenues of ¥135.6 billion ($874 million), representing a 12.7% year-on-year increase, and net income of ¥27 billion ($174 million), marking a 23% year-on-year decline. Nexon attributes the revenue growth…
Nov. 13, 2024, 9:46 a.m.
News
Steamwork APIs Streamline Game Version Switching and Beta Branch Access
Steam has unveiled new Steamworks APIs designed to address common hurdles associated with switching game versions. Previously, accessing alternative build branches was somewhat complex, but the new API simplifies the process for players to identify and load different game versions. According to Valve, developers can now provide players with in-game options to join beta branches for testing or rev…
Nov. 12, 2024, 8:50 p.m.
News
Tequila Works, Developer of Rime, Initiates Insolvency Proceedings
The Spanish game development company Tequila Works has officially entered insolvency. According to a recent statement from Térence Mosca, the newly appointed general manager, the team is proud of its accomplishments, but unfavorable market conditions have forced the studio to take this step. As a result, the founders of Tequila Works have stepped down, and Mosca has taken over as general manage…
Nov. 12, 2024, 5:37 p.m.
News
Payload Studios Experiences Further Layoffs
Payload Studios, the developer behind TerraTech, has undergone another round of staff reductions. According to sources, this latest round has resulted in the loss of eight jobs, just three months after the studio cut its workforce by 25%. Those affected were reportedly given one month's notice without any redundancy pay. Russell Clarke, co-founder and CEO of Payload, acknowledged the layoffs but …
Nov. 12, 2024, 3:44 p.m.
News
Starform Secures $6 Million in Funding to Fuel Metalstorm's Growth
Starform, the developer behind Metalstorm, has successfully raised $6 million in a funding round led by Bitkraft Ventures, with Dune Ventures also contributing to the investment. The newly acquired funds will be utilized to further enhance the development of Metalstorm, a 5v5 air-combat arena shooter, and to expand the company's team based in Seattle. Recently, Starform has made several key appoi…
Nov. 12, 2024, 2 p.m.
News
MTG Set to Purchase Plarium in $620 Million Deal
Modern Times Group has entered into an agreement to purchase Plarium, the developer behind Raid: Shadow Legends, from its current owner, Aristocrat Leisure Limited, in a deal valued at $620 million, with $20 million to be paid in 2026. The acquisition is expected to close in the first quarter of 2025, resulting in MTG's total annual sales exceeding SEK 12 billion ($1.1 billion). According to MTG'…
Nov. 12, 2024, 1:43 p.m.
News
Neowiz Invests $8 Million in Publishing Partnership with Zakazane
Neowiz has entered into an $8 million agreement with Zakazane, a Warsaw-based game developer, to publish the studio's upcoming neo-Western RPG. According to a report by GamesBeat, Neowiz will provide funding for the game's development, describing it as a 'crucial addition to its portfolio'. Neowiz co-CEO Seung-Cheol Kim stated, 'We instantly connected with Zakazane over their passion for creating…
Nov. 12, 2024, 12:11 p.m.
News
Ubisoft Sued for Allegedly Deceiving Players Over The Crew Server Shutdown
A proposed class action lawsuit has been filed against Ubisoft in a California court, alleging that the company deceived customers by shutting down The Crew game servers earlier this year. The lawsuit, submitted on November 4, 2024, by two players, asserts that Ubisoft misled consumers into purchasing the game without informing them that the servers could be shut down, making the game unplayable.…
Nov. 12, 2024, 11:29 a.m.
News
Winking Studio Secures $10 Million in Dual Listing on London Stock Exchange
Winking Studios, a prominent outsourcing and development firm, has successfully raised £7.9m ($10.1m) through its dual listing on the AIM Market of the London Stock Exchange, bolstering its existing $30m cash reserves to fuel mergers, acquisitions, and expansion into European and North American markets. The listing was backed by Acer Group, the company's majority shareholder. Notably, Winking Stu…
Nov. 12, 2024, 10:09 a.m.
News
Lightspeed Expands to Japan with New Studio Under Hideaki Itsuno's Leadership
Lightspeed Studios has announced the establishment of a new development studio in Japan, with industry veteran Hideaki Itsuno at the helm. The studio, which will operate out of Tokyo and Osaka, is set to focus on crafting original, high-quality AAA action games as part of Lightspeed's broader global expansion strategy. Lightspeed Studios' president, Jerry Chen, expressed his enthusiasm for Itsuno…
Nov. 12, 2024, 9:27 a.m.