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Unity Abolishes Runtime Fee
Following extensive discussions with its community, customers, and partners, Unity has decided to scrap its runtime fee. The move comes after the company faced significant backlash when it announced the fee last September, which would have been applied to every Unity game installation once certain revenue and installation thresholds were met. Unity had initially exempted games built on a Unity Pe…
Sept. 12, 2024, 4:26 p.m.
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Steam Enhances Parental Controls with New Family Features
Valve has introduced its revamped Steam Families feature, offering a comprehensive set of parental controls and tools for managing family gaming experiences. This new feature combines and expands upon the existing Steam Family Sharing and Steam Family View, streamlining settings and providing a more unified experience. All existing settings and developer configurations for eligible games will b…
Sept. 12, 2024, 1:19 p.m.
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Microsoft Announces Additional Layoffs in Gaming Sector
Microsoft has revealed plans to lay off an additional 650 employees within its gaming division. According to a memo from Xbox leader Phil Spencer, the layoffs will primarily affect corporate and support functions. Spencer emphasized that no game titles, devices, or experiences are being discontinued, and no studios are facing closure. The rationale behind this decision is to align the company's t…
Sept. 12, 2024, 11:07 a.m.
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Major Gaming Companies Face EU Complaint for Deceptive Practices
The European Consumer Organisation (BEUC) has filed a complaint against seven prominent gaming companies, including Epic Games, Electronic Arts, and Roblox, alleging they use misleading tactics to encourage consumers to spend money. The complaint, submitted to the European Commission and the European Network of Consumer Authorities, also targets Activision Blizzard, Mojang Studios, Supercell, and…
Sept. 12, 2024, 10:27 a.m.
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Borderlands Film Generates $31 Million in Global Box Office Sales
The Borderlands film garnered a total of $31 million in box office revenue before its cinematic run concluded on September 5. According to data from the film industry tracking site, The Numbers, the movie earned $15.4 million in the United States and nearly $15.5 million internationally after a month-long theatrical release. During its opening weekend, which commenced on August 6, the film ac…
Sept. 12, 2024, 9:02 a.m.
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Nexon Acquires Mintrocket, Developer of Dave the Diver, as a Wholly Owned Subsidiary
Nexon has officially made Mintrocket, the development team behind Dave the Diver, a wholly owned subsidiary. According to Nexon, this move is set to bolster Mintrocket's brand and standing in the industry, particularly in terms of its capacity for rapid development of innovative games. Jaeho Hwang, a key figure at Mintrocket, has been appointed as the subsidiary's first CEO. The restructure is in…
Sept. 11, 2024, 7:27 p.m.
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Niko's 2024 Report Reveals 65.4% of Indian Gamers Are Engaged with Esports
Niko Partners has unveiled its 2024 India Gamer Behavior and Market Insights Report, which indicates that over 75% of PC gamers have increased their spending on PC games in the first quarter of 2024 compared to the same period last year. A significant 65.4% of respondents participate in esports, either by playing, watching, or competing, while 57.2% discover new games through streamers and influe…
Sept. 11, 2024, 6:32 p.m.
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Cypher Games Secures $10 Million in Latest Funding Round
Cypher Games, a Turkish mobile game developer, has successfully raised $10 million in its most recent funding round, marking a significant milestone in its expansion. The company is currently working on its debut match-3 title, aiming to make a substantial impact on the mobile gaming industry. This funding round was led by The Raine Group, with additional support from prominent investors such as …
Sept. 11, 2024, 3:51 p.m.
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Magify Secures €1 Million in Funding
Magify, a specialist in analytics and live operations, has successfully raised €1 million in funding, with Steam Power Investments taking the lead. According to reports by Pocket Gamer, the investment will primarily focus on advancing product development, with a particular emphasis on integrating AI and broadening its reach across the global gaming industry. Established in October 2023, Magify of…
Sept. 11, 2024, 1:18 p.m.
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Krafton Makes Significant $89 Million Investment in Spoon Labs, a Leading Short-Form K-Drama Platform
Krafton, the company behind PUBG, has made a substantial investment of KRW 120 billion ($89.3 million) in Spoon Labs, a Seoul-based streaming company. Notably, this is Krafton's largest investment in a non-gaming area to date. Spoon Labs operates an audio platform called Spoon and has recently launched Vigloo, a short-form video service with a focus on K-drama content. The decision to invest was …
Sept. 11, 2024, 1:08 p.m.