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Sony Postpones Release of Six Live Service Games
Instead of the initially planned 12 live service titles, Sony will now launch only six by March 2026. This adjustment was confirmed by Hiroki Totoki, Sony's COO and CFO, during the company's Q2 earnings call, as reported by Seeking Alpha. The reason behind this change is attributed to concerns over the quality of the games. Totoki emphasized that the company's long-term goal remains unchanged, prā€¦
Nov. 9, 2023, 3:29 p.m.
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Nintendo Delays Launch of New Development Facility
The launch of Nintendo's new development facility has been pushed back to 2028, as the company has opted to expand its plans. In a statement to investors, Nintendo announced that its initial timeline to complete construction by 2027 has been adjusted due to a decision to 'scale up the building.' Nintendo emphasized that this second development center will be crucial in bolstering its research andā€¦
Nov. 9, 2023, 2:12 p.m.
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Sony Reports Q2 2023 Results: PlayStation 5 Ships 4.9 Million Units
Sony has unveiled its Q2 2023 financial results, showcasing a significant surge in overall revenue driven by substantial growth in its gaming, music, and film divisions. Key financial highlights include: Revenue: Up 8% to Ā„2.8 trillion ($18.5 billion), Net income: Down 29% to Ā„200 billion ($1.32 billion), and Game and network service sales: Up 32% to Ā„954 billion ($6.31 billion). The company attrā€¦
Nov. 9, 2023, 1:13 p.m.
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Epic Declines $147 Million Offer to Bring Fortnite to Google Play
The ongoing Epic vs Google antitrust trial has shed light on a previous disagreement between the two companies regarding Fortnite's initial launch on Google Play, including a $147 million deal proposed by Google. In 2018, Epic Games CEO Tim Sweeney stated that Fortnite would not be released on Google Play due to the '30% store tax' being a significant cost. Instead, the company planned to releaseā€¦
Nov. 9, 2023, 10:49 a.m.
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Activision Blizzard Shifts Focus Away from Overwatch League
Activision Blizzard has confirmed that it is discontinuing the Overwatch League. In a statement, the company revealed that it is "transitioning" away from the league and intends to take competitive Overwatch in a fresh direction. The company expressed gratitude to those who contributed to the OWL and stated that it remains committed to developing its esports program. The news follows the departurā€¦
Nov. 9, 2023, 9:30 a.m.
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AppsFlyer Takes Over Devtodev
AppsFlyer has successfully acquired Devtodev, a leading analytics platform for app and game developers. This strategic acquisition is set to enhance AppsFlyer's product portfolio and business operations. Devtodev's capabilities will be seamlessly integrated into AppsFlyer's privacy cloud marketplace, further expanding its offerings. Established in 2014, Devtodev boasts an impressive array of tā€¦
Nov. 8, 2023, 9:56 p.m.
News
Take-Two's Quarterly Losses Widen to $543.6 Million
Take-Two has unveiled its second-quarter financial results, revealing a net loss of $543.6 million. This figure represents a 111.5% increase compared to the $257 million loss recorded during the same period last year. Although net revenue and net bookings experienced a slight decline, the company noted that these figures align with its previous guidance. Take-Two has reaffirmed its full-year reveā€¦
Nov. 8, 2023, 9:34 p.m.
News
International Buyers Dominate UK Gaming M&A Scene with 118 Deals Since 1993
According to a recent report by the British Film Institute (BFI), a total of 118 mergers and acquisitions (M&A) transactions involving UK gaming companies were made by foreign buyers between 1993 and 2022. The majority of these deals, 49%, were made by US-based companies, followed by China at 15%, and Sweden at 10%. The primary motivation behind these acquisitions was to bring game development anā€¦
Nov. 8, 2023, 8:51 p.m.
News
Veterans of The Escapist Launch Second Wind
A group of former The Escapist staff members have launched Second Wind, a new employee-owned and independent subscription-based media outlet. The platform aims to deliver engaging, informative, and entertaining content, building on the legacy of The Escapist. Second Wind promises to provide subscribers with a diverse range of content, including video productions, podcast series, and live streaminā€¦
Nov. 8, 2023, 6:49 p.m.
News
Possible Closure of Free Radical Design Looms
Embracer's current restructuring efforts may impact Free Radical Design, the studio behind the TimeSplitters series. According to sources close to the matter, as reported by VGC, the developer's staff has been informed that the company could potentially cease operations following an evaluation. However, under UK law, a minimum of one month's consultation with employees is required before any reduā€¦
Nov. 8, 2023, 5:12 p.m.