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Porcelain Fortress Secures $3 Million in Funding
Porcelain Fortress, an Iceland-based game development studio, has successfully raised $3 million in seed funding. The investment round was led by prominent venture capital firms Behold Ventures, Brunnur, and Crowberry Capital, with the primary goal of supporting the studio's upcoming game project. As a result of this funding, the company has expanded its team from four to 14 members, including th…
Sept. 24, 2024, 12:58 p.m.
News
Behaviour Interactive Expands Portfolio with Acquisition of Red Hook Studios
Behaviour Interactive, the developer behind the popular horror game Dead by Daylight, has acquired Red Hook Studios in a deal worth an undisclosed amount. Red Hook Studios, based in Vancouver, is renowned for its work on the Darkest Dungeon series, which has achieved sales of nearly seven million copies. As part of the acquisition, all 29 team members will remain with the company, and Red Hook wi…
Sept. 24, 2024, 11:05 a.m.
News
Frostpunk 2 Achieves 350,000 Sales Milestone
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Sept. 24, 2024, 10:04 a.m.
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Don't Nod Halts Two Projects Amid Disappointing Sales of Jusant and Banishers
Don't Nod has released its financial report for the first half of 2024, revealing that its latest games, Banishers: Ghosts of New Eden and Jusant, fell short of expectations. The company's total operational revenue decreased by 11% compared to the same period last year, dropping from €16.5 million to €14.6 million. Development revenues declined to €2 million due to the completion of Banishers, wh…
Sept. 24, 2024, 10:04 a.m.
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Unicorn Overlord Reaches Global Milestone of 1 Million Units Shipped
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Sept. 24, 2024, 9:07 a.m.
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Stellarblade Production Company Takes Sony to Court Over Trademark Dispute
A film production company based in Louisiana, Stellarblade, has initiated a lawsuit against the developer of Stellar Blade, Shift Up, and Sony Interactive Entertainment, citing trademark infringement. According to documents obtained by IGN, the complaint was filed by Stellarblade LLC and its owner, Griffith Chambers Mehaffey, earlier this month. Stellarblade was founded in 2010, and Mehaffey clai…
Sept. 24, 2024, 8:59 a.m.
News
Skybox Labs, a NetEase Subsidiary, Announces Staff Reduction of 25 Employees
Skybox Labs, a Canadian game development studio, has undergone a restructuring process, resulting in the layoff of 25 staff members. In a statement released on LinkedIn, the studio expressed that it has not been immune to the industry-wide challenges that have affected numerous companies. A total of 25 employees have been impacted by the decision. The studio has assured that it will provide compr…
Sept. 23, 2024, 8:55 p.m.
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Airship Syndicate Announces Further Staff Reductions
Airship Syndicate has confirmed the loss of an additional 16 positions. This move follows a previous round of layoffs in February 2024, which saw 12 employees let go. According to the company's CEO and president, the decision was made in response to the significant difficulties currently facing the industry. The CEO stated, 'Due to the challenging circumstances affecting our industry, we have bee…
Sept. 23, 2024, 8:41 p.m.
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Nitro Games Boosts Partnership with Digital Extremes through New $5.5 Million Agreement
Nitro Games has strengthened its collaboration with Digital Extremes, the studio behind Warframe, through a new agreement worth $5.5 million. This development brings the overall project value to roughly $19.4 million, with completion slated for 2025. As reported by PocketGamer, the extended partnership and additional funding will facilitate ongoing updates, performance enhancements, and optimizat…
Sept. 23, 2024, 7:58 p.m.
News
Lawsuits Over Video Game Addiction Dismissed
A pair of lawsuits alleging that prominent gaming companies facilitated video game addiction have been dismissed at the request of the plaintiff. According to a review of court documents, the suits, which were filed on behalf of minors in Arkansas and Ohio, targeted companies such as Epic Games, Activision Blizzard, Take Two Interactive, Rockstar Games, Roblox, Microsoft, and Sony. The defens…
Sept. 23, 2024, 3:11 p.m.