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Microsoft Sees Significant Gaming Revenue Boost from Call of Duty and Diablo, Despite Xbox Sales Decline
Microsoft's latest financial report reveals substantial growth in gaming revenues, largely attributed to the acquisition of Activision Blizzard. However, Xbox console sales continue to slump, with a 31% year-over-year decline - the steepest drop since the Xbox Series X and S debuted in 2020. The company's overall revenue rose 17% to $61.9 billion, driven primarily by the 23% growth in Microsoft C…
April 26, 2024, 9:51 a.m.
News
Arkadium Introduces Developer Partnership Initiative
Arkadium, a leading platform for browser-based games, has launched a program for third-party game developers. The initiative offers a revenue-sharing model, where developers receive 75% of the revenue generated by their games, and invites global game makers to participate in the Arkadium for Developers program. With this move, Arkadium aims to release at least 30 new titles developed by external …
April 25, 2024, 6:42 p.m.
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Blizzard Announces BlizzCon Hiatus for 2024
Blizzard has revealed that BlizzCon will be taking a break in 2024, following a thorough review over the past year. In a recent blog post, the company stated, "We've made the decision not to host BlizzCon this year, a choice that wasn't taken lightly, as this event holds great significance for us and our fans." Despite exploring alternative event formats, Blizzard remains committed to bringing ba…
April 25, 2024, 5 p.m.
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Meta Incurs Additional $3.8 Billion Loss in VR/AR Ventures
Meta released its quarterly earnings report after market close yesterday, revealing persistent losses in its Reality Labs division, which focuses on augmented and virtual reality. Despite these losses, the company's overall growth and profitability were driven by the success of its other business segments. Key financial highlights include: - Revenue of $36.5 billion, representing a 27% increase …
April 25, 2024, 1:12 p.m.
News
Garry's Mod to Purge All Nintendo Content Following Copyright Notice
Facepunch Studios has been served with a takedown notice by Nintendo, prompting the removal of all Nintendo-related content from Garry's Mod. In a Steam update, the developer informed its community that all workshop items associated with Nintendo's intellectual property will be deleted. As a sandbox game that allows users to create and share custom items, Garry's Mod has accumulated nearly two de…
April 25, 2024, 9:27 a.m.
News
Frostpunk Reaches 5 Million Copies Sold Since Its Release
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April 25, 2024, 9:24 a.m.
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Steam Updates Refund Policy to Account for Pre-Launch Playtime
Valve has modified its Steam refund policy to include playtime accumulated during the pre-release phase when determining refund eligibility. According to a brief update on the Steam website, the adjustment applies to games available for pre-purchase with 'advanced access'. The policy now states: "Playtime earned during the Advanced Access phase is now included in the Steam refund timeframe." Pr…
April 25, 2024, 9:15 a.m.
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US Enacts Legislation to Prohibit TikTok Unless Sold
US President Joe Biden has enacted a comprehensive national security package, which includes a provision compelling ByteDance, a China-based company, to divest its ownership of TikTok or face a ban on the app in the United States. The 'Protecting Americans From Foreign Adversary Controlled Applications Act' stipulates a 270-day deadline for the sale, with the possibility of a 90-day extension at …
April 24, 2024, 5:36 p.m.
News
Linden Lab Offloads Tilia Payments Business to Thunes
In a significant move, Linden Lab, the mastermind behind Second Life, has finalized the sale of its payments subsidiary, Tilia, to Thunes, a prominent global payments processor. As part of the deal, Tilia will undergo a rebranding to operate under the Thunes banner while maintaining its base in San Francisco. Furthermore, Thunes and Linden Lab have forged an exclusive five-year partnership, ensur…
April 24, 2024, 5:08 p.m.
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Fallout Series Sees Record 5 Million Players in a Single Day
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April 24, 2024, 9:51 a.m.