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Phiphen Expands into Gaming with New Publishing Venture
US-based film and television production company Phiphen is venturing into the gaming industry with the launch of Phiphen Games, a new publishing arm. The company will be led by CEO and founder Molly Conners, who has revealed that Phiphen has previously invested in select gaming projects and is now looking to make a more significant impact in the space. According to Conners, the film and gaming …
Aug. 15, 2024, noon
News
ROG Ally and Other Handhelds to Receive SteamOS Support
Valve has announced that it will be introducing SteamOS compatibility for the Asus ROG Ally and various other third-party handheld devices. According to a statement from Valve designer Lawrence Yang, the company is actively working on expanding SteamOS support to include additional handheld devices. Yang noted that while progress is being made to enable SteamOS on devices such as the ROG Ally, it…
Aug. 15, 2024, 10:20 a.m.
News
Embracer Reports 24% Decline in Sales to $754 Million Due to Challenging Comparisons
Embracer Group has announced its financial results for the first quarter of its fiscal year, revealing a 24% year-over-year decline in net sales to SEK 7.9 billion ($754 million). The company experienced sales decreases across its mobile, tabletop, and entertainment divisions, which were anticipated due to a less robust release schedule compared to the same quarter last year. Notably, PC and cons…
Aug. 15, 2024, 9:42 a.m.
News
Payload Studios Reduces Workforce by 25%
Payload Studios, the developer behind TerraTech, has announced a significant reduction in its workforce, impacting approximately 25% of its employees. In a statement on LinkedIn, CEO and founder Russ Clarke attributed the decision to the challenges currently affecting the gaming industry as a whole. Clarke expressed that despite their best efforts, the company was unable to avoid this outcome, …
Aug. 15, 2024, 9:30 a.m.
News
PlayStation Welcomes Antstream Arcade
The Antstream Arcade platform is set to launch on PlayStation, marking a significant milestone as the first cloud gaming service from a third-party provider on the console. This announcement was made during Antstream's Connection presentation in August 2024, revealing that the service will be accessible on both PlayStation 4 and PlayStation 5. Subscribers can choose between an annual pass for $39…
Aug. 15, 2024, 8:32 a.m.
News
Amazon Commissions New Animated Series, Secret Level, Based on Popular Video Games
Amazon is developing an adult animated anthology series, titled Secret Level, which draws inspiration from the world of video games. The series, created by the same team behind Love, Death & Robots, will feature original short stories set in the universes of well-known games, including New World from Amazon Games, Spelunky, and several unnamed PlayStation titles. Production will be handled by Ama…
Aug. 14, 2024, 8:24 p.m.
News
SAG-AFTRA Prepares for Second Day of Protests
The Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTRA) has announced plans for a second day of picketing. Scheduled for Thursday, August 15, from 9am to noon, the event will take place at Disney Character Voices in Burbank, California. Members of SAG-AFTRA's Interactive Media Agreement Negotiating Committee will be joined by other union members, labour suppo…
Aug. 14, 2024, 6:06 p.m.
News
Scottish Games Week Takes a Break in 2024
The organizers of Scottish Games Week have decided to put the event on hold for 2024. According to the statement, the cancellation of this year's event is due to the current instability in the video game industry and the ongoing political changes. However, the event is set to return in October 2025 with a more comprehensive and diverse lineup of activities that cater to the entire video game …
Aug. 14, 2024, 3:27 p.m.
News
Eschatology Entertainment Lands $11.3 Million in Series A Funding
Eschatology Entertainment has successfully secured $11.3 million in its Series A funding round, with Krafton leading the investment. Additional support came from GEM Capital and The Games Fund, which had previously invested $4 million in 2022 to drive initial development and recruitment. This latest infusion of capital will facilitate the launch of the studio's inaugural title, a first-person sho…
Aug. 14, 2024, 1:15 p.m.
News
Intel Offloads Stake in Arm
Intel has divested its stake of 1.18 million shares in the British semiconductor firm Arm. According to a regulatory disclosure, Intel is estimated to have garnered approximately $146.7 million from the sale, based on Arm's average stock price between April and June, as calculated by Reuters. Arm made its Nasdaq debut in September of the previous year, closing its inaugural trading day at $63.59 …
Aug. 14, 2024, 11:08 a.m.