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British Esports Addresses Criticism Over Partnership with Saudi Counterpart
Following intense backlash, the British Esports Association has issued a statement responding to concerns surrounding its recently announced partnership with the Saudi Esports Federation. The organization acknowledged that the announcement had sparked questions and worries within the esports community and sought to provide a transparent and honest explanation. The BEA reaffirmed its commitment to…
Oct. 11, 2023, 1:30 p.m.
News
Myth of Empires Copyright Dispute Resolved, Paving Way for Re-Release
A lengthy two-year legal battle between Studio Wildcard, its parent company Snail Games, and Angela Game has come to an end. The dispute centered around allegations that Angela Game had misappropriated the source code of Ark: Survival Evolved to develop its own MMO, Myth of Empires. In a joint statement, the companies announced that the dispute has been settled, with Snail Games set to collaborat…
Oct. 11, 2023, noon
News
MTG Acquires Majority Stake in Snowprint Studios to Fuel Growth
Modern Times Group has taken a majority stake in Snowprint Studios, with the acquisition aiming to equip the studio with the necessary resources to broaden its player base and explore new revenue streams. According to MTG's President and CEO, Maria Redin, the partnership will leverage MTG's expertise to help Snowprint Studios "expand its audience and diversify its income channels." Redin praised …
Oct. 11, 2023, 11:03 a.m.
News
Leading Tech and Gaming Firms Show Significant Carbon Footprint Reductions
A recent report by AfterClimate reveals that several major players in the tech and gaming sectors, including Tencent, Apple, Nintendo, and Ubisoft, have successfully decreased their carbon emissions between 2021 and 2022. Conversely, companies like Sega, NetEase, and Unity experienced an increase in their emissions over the same period. The report highlights Tencent as the leader in emissions red…
Oct. 11, 2023, 10:26 a.m.
News
UK Video Games Tax Relief Spurs £2.4 Billion in Economic Growth Since 2014
Since its introduction in 2014, the UK's Video Games Tax Relief has generated an estimated £2.4 billion in additional economic growth, as per analysis by Games Investor Consulting. Between 2014 and 2022, the Treasury has disbursed over £1.1 billion to UK companies. The UK games development sector has invested £1.2 billion in over 15,000 new creative roles since the tax relief was announced in 201…
Oct. 11, 2023, 10:19 a.m.
News
Disney Allegedly Exploring Acquisition of a Major Gaming Publisher
According to recent reports, Disney is considering acquiring a prominent gaming publisher, such as Electronic Arts, as a means to reestablish itself in the gaming industry. Bloomberg reports that certain Disney executives have proposed the idea of transforming the company from a gaming licensee to a publisher through the acquisition of EA, although CEO Bob Iger remains noncommittal on the matter.…
Oct. 11, 2023, 9:10 a.m.
News
Fast Travel Games Receives $4 Million in Latest Funding Round
Fast Travel Games, a prominent VR game developer, has successfully secured $4 million in its latest round of funding. The company intends to utilize this investment to expand its operational scope, focusing on the development and publication of innovative IPs for VR platforms. Led by Handelsbanken Fonder, the funding round also saw participation from notable investors including Industrifonden, Br…
Oct. 10, 2023, 6:14 p.m.
News
Revamped PlayStation 5 Set to Launch Next Month
This holiday season, Sony is introducing a revamped PlayStation 5 console. The new, more compact PS5 is scheduled to arrive in US stores next month, with a global release to follow in the coming months. The redesigned console will be offered in both disc and digital-only versions, similar to the original PS5. However, Sony will now provide an upgrade option for those who purchase the digital vers…
Oct. 10, 2023, 5:09 p.m.
News
Virtuos Studios Closes Calypte After One Year of Operation
Virtuos Studios has ceased operations at Calypte, a co-development studio it launched just a year ago. The news emerged as Calypte staff members shared updates on LinkedIn indicating that the studio had closed its doors. A Virtuos representative explained that the closure was a strategic decision based on Calypte's business performance, stating that adapting to the ever-changing business landscap…
Oct. 10, 2023, 4:05 p.m.
News
Phantom Liberty Development Costs Exceed $60 Million
CD Projekt Red has disclosed that the development of Phantom Liberty, the latest expansion for Cyberpunk 2077, totaled over $60 million. This information was revealed during the company's Investor Day on October 5. Additionally, the Polish game developer stated that there are still $40 million in unamortized expenditures for Cyberpunk 2077's base game, which were incurred before its launch and am…
Oct. 10, 2023, 3:31 p.m.