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Gulf Cooperation Council Gaming Markets Hit $2.24 Billion in 2023
According to a recent report by Niko Partners, in collaboration with the Saudi Esports Federation, the Gulf Cooperation Council markets saw a significant $2.24 billion in player spending in 2023 within the Middle East and North Africa region. The report, titled "Localisation in the MENA Region," offers valuable insights into the approaches to localization in MENA countries, with a particular emph…
Aug. 16, 2024, 1:27 p.m.
News
Adam Boyes Departs as Iron Galaxy Co-CEO
Following an eight-year tenure, Adam Boyes has announced his decision to leave Iron Galaxy. In a recent blog post, Boyes revealed that he will be stepping down from his position by the end of the year. Having initially taken the reins as CEO in June 2016, after holding key leadership positions at major gaming companies such as PlayStation, Capcom, Midway Games, and Electronic Arts, Boyes was late…
Aug. 16, 2024, 10:04 a.m.
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GamesIndustry.biz at Devcom and Gamescom: Your Ultimate Guide
The GamesIndustry.biz team is set to make a big impact at Devcom and Gamescom in Cologne, bringing you the most significant industry news, daily podcasts, and a special live show. To stay informed, sign up for the GI Daily newsletter, which delivers on-the-floor reports, exclusive interviews, and daily headlines directly to your inbox at approximately 5pm CEST. Editor-in-chief James Batchelor and…
Aug. 16, 2024, 9:26 a.m.
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Genvid's Silent Hill: Ascension Takes Top Honors at 2024 Creative Arts Emmy Awards
The interactive streaming series, Silent Hill: Ascension, developed by Genvid, has received the prestigious award for Outstanding Innovation in Emerging Media Programming at the 76th Creative Arts Emmy Awards. The series, which consisted of 22 episodes, aired from October 31, 2023, to July 15, 2024, and featured a choose-your-own-adventure style narrative where viewers determined the story outcom…
Aug. 16, 2024, 9:16 a.m.
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Google Launches $2 Million Fund to Support Latin American Indie Developers
Google has initiated the application process for its 2024 Indie Games Fund, allocating $2 million to support Latin American game development studios. Each selected studio will be awarded between $150,000 and $200,000. To be eligible, indie game developers must have previously released a game on Google Play or other platforms, including PC and console. The application window closes on September 13…
Aug. 16, 2024, 8:30 a.m.
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Game Development Confronts Significant Challenges, With Funding Being the Most Pressing Concern
The recent State of Game Technology report by Perforce identifies funding, effective teamwork, and adequate time for innovative projects as the top hurdles faced by game developers today. Among the 576 survey respondents, who represent various roles within the gaming, media, automotive, and manufacturing sectors, over a third reported difficulties in collaboration. Notably, they found that trans…
Aug. 15, 2024, 7:55 p.m.
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Blacknut Cloud Gaming Forms Strategic Partnership with Ubisoft
Blacknut, a leading cloud gaming platform, has entered into a major distribution deal with gaming giant Ubisoft. As of this month, a range of Ubisoft titles will become available on Blacknut, which offers subscribers access to over 500 premium games without a contract. Ubisoft has confirmed that popular franchises such as Assassin's Creed, Far Cry, Anno, and Rayman will be part of the agreement. …
Aug. 15, 2024, 6:08 p.m.
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Games Industry Exhibits Signs of Revival
The gaming sector is demonstrating a rebound from the record-high layoffs, closures, and business disruptions. According to DDM's Games Investment Review, there has been a substantial surge in investments, regaining ground lost in 2023. Although mergers and acquisitions remain low, with no single quarter in 2023 exceeding $1.3 billion, the first two quarters of 2024 have each surpassed $2.2 billi…
Aug. 15, 2024, 3:59 p.m.
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Reforged Studios Expands Portfolio with Acquisition of Ground Shatter and Extra Mile Studios
Reforged Studios, a prominent game publisher, has successfully acquired two notable studios: Ground Shatter and Extra Mile Studios. Ground Shatter, founded by James Parker, is the creative force behind the popular roguelike deck-builder game Fights in Tight Spaces. Extra Mile Studios, led by Bobby Farmer, has made a name for itself by providing co-development services for the esteemed Broken Swor…
Aug. 15, 2024, 2:08 p.m.
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Mad Crusader Pledges $30 Million Investment in AA Gaming Ventures
Mad Crusader has unveiled plans to allocate $30 million towards the development of high-quality AA game titles conceived within its incubation program. This investment will be distributed across four rounds spanning two years, aiming to empower program graduates in transforming their preliminary concepts into commercially viable intellectual properties. Participants and incubator residents will r…
Aug. 15, 2024, 1 p.m.