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Capcom Reports Progress Despite Sales Decline in First Half of Fiscal Year
Capcom has announced its financial results for the first half of the fiscal year 2024/25, noting that it is making 'good progress' towards achieving its annual targets. The company attributes this progress to the successful launch of new titles and the growth of its existing catalog, with its arcade operations and amusement equipment businesses also contributing to profitability. However, due to …
Oct. 29, 2024, 8:31 p.m.
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Sony Closes Down Neon Koi and Firewalk Studios
Sony has made the decision to close Neon Koi and Firewalk Studios. According to Hermen Hulst, CEO of Sony's Studio Business Group, this choice was made after evaluating the company's game portfolio and project status to ensure alignment with business priorities. Hulst noted that while mobile gaming remains a key growth area, the focus will be on titles that fit PlayStation Studios' reputation and…
Oct. 29, 2024, 6:07 p.m.
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Kudos QA Unveils New Leadership Structure
Following the departure of its CEO and co-founder Andy Robson, Kudos QA has introduced a new leadership team, with Dan Atherton and Thouraya Walker assuming the roles of co-CEOs, effective immediately. Atherton and Walker, who also serve as co-CEOs of Dune Technology, bring extensive experience to their new positions. Dune Technology, which provides offshore development teams, invested in Kudos Q…
Oct. 29, 2024, 11:04 a.m.
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Oregon Trail Set to Hit the Big Screen
A film adaptation of The Oregon Trail is in the works, with Apple on board as the producer. According to The Hollywood Reporter, the action-comedy movie will be directed and produced by the acclaimed duo Will Speck and Josh Gordon, known for their work on Distant and Marvel's Hit-Monkey. The screenplay will be penned by The Lucas Brothers, who previously co-wrote Judas and the Black Messiah, alon…
Oct. 29, 2024, 10:27 a.m.
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SAG-AFTRA Reaches Landmark Agreement with Ethovox, Pioneering AI Voice Company
SAG-AFTRA has entered into a groundbreaking agreement with Ethovox, a leading AI voice company, to safeguard the rights and interests of performers. This landmark deal ensures that actors participating in the creation of Ethovox's foundational voice model provide informed consent and receive fair compensation from the outset, as well as ongoing payments throughout the model's lifespan. Founded by…
Oct. 29, 2024, 9:44 a.m.
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Kelli Dunlap Appointed as New Executive Director of Take This
Take This, a mental health charity, is set to welcome Kelli Dunlap as its new executive director, replacing Eve Crevoshay. This development comes after the organization successfully raised $100,000, securing its ability to remain operational. The transition, effective October 31, 2024, will see Crevoshay remain on the board of directors. Dunlap, currently the community director, has been with Tak…
Oct. 29, 2024, 9:15 a.m.
News
Germany Introduces New Funding Initiative for Gaming Startups
The German Ministry of Culture and Media has announced a call for proposals, inviting local game developers to submit their innovative game concepts and apply for financial support through the Press Start: Games Startup Grant program. This program is open to both independent developers and newly established studios, with the goal of supporting up to 130 game developers in Germany as they set up t…
Oct. 28, 2024, 9:59 p.m.
News
Tencent Denies Layoff and Restructuring Speculation, Confirms Senior Management Changes
Tencent has refuted speculation surrounding layoffs and organizational restructuring, while acknowledging key changes in its senior leadership. An internal email leaked on October 25 revealed that Zeng Yu would no longer oversee Tencent IEG's technical department and the Platform and Content Group Technology & Content Platform. In a statement to Yicai, a spokesperson disputed claims that TiMi Stu…
Oct. 28, 2024, 7:51 p.m.
News
The Rise of Video Games in Hollywood: A New Era of Entertainment
A new episode of The GamesIndustry.biz Microcast is now available for download. In this episode, Big Fan Games' Amanda Kruse joins us at MCM x EGX to explore how video games are increasingly drawing inspiration from other forms of entertainment, and vice versa. The importance of having talented individuals who have grown up with video games is also discussed, highlighting its role in driving succ…
Oct. 28, 2024, 1:42 p.m.
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Maintain Altitude Secures $500,000 in Pre-Seed Funding
Maintain Altitude, a mobile music game studio, has successfully raised $500,000 in its pre-seed funding round. Led by Hiro Capital, the round also saw participation from prominent angel investors who have backed notable titles such as Candy Crush and Guitar Hero. The studio is currently working on its inaugural game, Beat Hunter, with plans for a soft launch on iOS and Android in 2025, followed b…
Oct. 28, 2024, 1 p.m.