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Netflix Appoints Mike Verdu as VP of GenAI for Games
Mike Verdu has unveiled his new position at Netflix as Vice President of GenAI for Games. Although specific details about the role are scarce, Verdu mentioned in a LinkedIn post that he is focused on leveraging a 'once-in-a-generation' opportunity to transform game development and player experiences, with generative AI at its core. The news of Verdu's new role emerged in June, shortly after it wa…
Nov. 4, 2024, 4:08 p.m.
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Atari Expands Retro Portfolio with Acquisition of Transport Tycoon IP
Atari has finalized an agreement with renowned game developer Chris Sawyer to acquire the rights to his iconic game, Transport Tycoon. Although specific plans for the IP have not been disclosed, Atari has expressed its commitment to preserving and expanding this beloved simulation game, potentially through new digital and physical releases, development of new content, or exploring merchandising o…
Nov. 4, 2024, 3:42 p.m.
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Radical Forge Secures £2.6m Investment
Radical Forge has successfully raised £2.6 million through the Northern Powerhouse Investment Fund II, specifically from NPIF II – Mercia Equity Finance. This significant investment will enable the Middlesbrough-based studio to broaden its team, currently comprising 70 employees, and undertake new projects, including the highly anticipated release of Southfield, slated for early 2025. Chris McCou…
Nov. 4, 2024, 3:34 p.m.
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Supercell Expands Ownership of Space Ape
Supercell has bolstered its stake in Space Ape, taking full ownership of the London-based game development studio. With Supercell previously owning 62% of Space Ape, this acquisition is set to be finalized by spring 2025, marking the establishment of a London office. This move signifies Supercell's inaugural presence in the UK, with CEO Ilkka Paananen stating: "We're thrilled to join forces with …
Nov. 4, 2024, 3:19 p.m.
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Microcast Update: Latest Gaming News and Financial Insights
A fresh episode of the GamesIndustry.biz Microcast has been released, condensed to under 25 minutes. This episode delves into the financial performance of key industry players such as Electronic Arts, Ubisoft, and Xbox, highlighting notable achievements and challenges. The conversation also touches on the remarkable launch of Call of Duty: Black Ops 6 and its impact on the series. Additionally, t…
Nov. 4, 2024, 2:59 p.m.
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Pokémon TCG Pocket Earns $12 Million in First Four Days of Release
The recently launched Pokémon TCG Pocket mobile game has achieved a notable milestone, generating over $12 million in revenue within its first four days of availability. According to estimates from Appmagic, as reported by MobileGamer.biz, the game averaged approximately $3 million in daily revenue during its debut weekend. Japan, being the home market of Pokémon, accounts for nearly half of the …
Nov. 4, 2024, 1:48 p.m.
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The Elder Scrolls Legends to Cease Operations
The Elder Scrolls Legends is set to discontinue its services in early 2025 and has been delisted from Steam, making it no longer available for purchase. Players are now greeted with an in-game notification stating that the servers will be permanently shut down on January 30, 2025. The message informs users that, until then, all in-game store items and event entries can be accessed for a single go…
Nov. 4, 2024, 10:47 a.m.
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Remedy Sees 129% Revenue Surge in Q3 2024
Remedy has unveiled its Q3 2024 financial report, revealing a substantial 129% increase in revenue compared to the same period in the previous year. Key highlights include: - Revenue: €17.9 million, representing a significant surge - Operating loss: €2.4 million, a notable improvement from the €5.5 million operating loss in the same quarter last year. The revenue boost is largely attrib…
Nov. 4, 2024, 9:53 a.m.
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Phasmophobia Achieves 20 Million Sales Milestone
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Nov. 1, 2024, 4:02 p.m.
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Levellr Secures $1.75 Million in Funding to Drive Expansion
Levellr, a platform designed to manage Discord communities, has successfully raised $1.75 million in its latest funding round. This strategic investment round saw participation from notable investors, including Mitch Lasky, Fuel Ventures, Colopl Next, and LFG Holdings, led by Dylan Collins. Additionally, senior executives from prominent companies such as Krafton, Riot Games, Amazon, EA, and Supe…
Nov. 1, 2024, 3:57 p.m.