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NetEase Introduces Worlds Untold, a New AAA Game Development Studio
NetEase has expanded its portfolio with the launch of Worlds Untold, a new game development studio led by industry veteran Mac Walters, previously of BioWare. Despite being headquartered in Vancouver, the studio operates fully remotely and is dedicated to crafting AAA action-adventure games that prioritize storytelling and world-building. As CEO, Walters brings nearly two decades of experience fr…
Nov. 16, 2023, 2:52 p.m.
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June's Journey Surpasses $1 Billion in Revenue
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Nov. 16, 2023, 2:35 p.m.
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Starbreeze Sees 42.9% Revenue Surge to $46.6 Million in Q3
Starbreeze has unveiled its Q3 financial report, ending September 30, 2023, showcasing a substantial increase in revenue driven by the launch of Payday 3. The game accounted for 89% of Starbreeze's total net sales for the quarter. Key financial highlights include a 42.9% rise in net sales to $46.6 million and a net profit of $28.3 million, marking a significant turnaround from the $726,802 loss i…
Nov. 16, 2023, 1:36 p.m.
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Embracer Reduces Debt to $1.4 Billion Amid Ongoing Restructuring Efforts
Embracer has released its latest financial report, which includes an update on the company's restructuring program. The program has resulted in significant layoffs and studio closures. For the quarter ending September 30, Embracer's net sales increased by 13% year-over-year to SEK 10.8 billion ($1 billion). The company's net debt has been reduced to SEK 14.6 billion ($1.4 billion), a 31% improvem…
Nov. 16, 2023, 12:24 p.m.
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Fortnite Introduces Anonymous Voice Reporting Feature
Epic Games has introduced a voice reporting feature in Fortnite, enabling players to report suspicious or rule-breaking behavior through audio samples. The feature captures the last five minutes of chat audio, which is then sent to moderators for review. This recording is automatically deleted after 14 days or once the review process is complete. To maintain user anonymity, reports will be kept c…
Nov. 16, 2023, 10:09 a.m.
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Gaming Industry Sees $6 Billion in Mergers and Acquisitions During Q3
According to a recent report by Digital Development Management, the gaming sector witnessed a significant surge in M&A activity, reaching $6 billion in Q3 across 30 deals. In comparison, the same period last year saw a total of $108 million in acquisitions through 33 transactions. The substantial increase in Q3 2023 can be attributed to major deals, including Savvy Games Group's $4.9 billion acqu…
Nov. 15, 2023, 9:34 p.m.
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Boosteroid Partners with Samsung Gaming Hub
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Nov. 15, 2023, 8:16 p.m.
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Former AusGamers Editors Launch New Venture, 3rd-Phase Boss
Veteran managing editors Stephen Farrelly and Kosta Andreadis, formerly associated with AusGamers, have announced the launch of their new gaming, technology, and pop culture publication, 3rd-Phase Boss. This newly established platform, entirely owned and operated by the duo, will feature a podcast with special guest Cam Shea, a former editor at IGN. According to Farrelly and Andreadis, the decisi…
Nov. 15, 2023, 7:38 p.m.
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Nordcurrent Acquires River End Games
Nordcurrent, a prominent mobile game publisher, has recently acquired River End Games, a game development studio based in Gothenburg, Sweden. Founded in 2020 by Jonas Nordling, Anders Hejdenberg, and Karl Broström, River End Games will maintain its independence while operating under Nordcurrent. The studio has been working on a single-player game for PC and console platforms, scheduled for …
Nov. 15, 2023, 5:13 p.m.
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Thunderful Sees 4% Rise in H1 Revenue
Thunderful Group's latest financial report reveals a 4% increase in H1 2023 net revenue, despite a 9% decline in Q3. The company's distribution revenue saw significant growth, largely attributed to ongoing sales of The Legend of Zelda: Tears of the Kingdom and the lingering effect of the Super Mario Bros. movie. Key highlights include: Total Q3 revenue of SEK 626.2 million ($59.4 million), a 9% y…
Nov. 15, 2023, 4:30 p.m.