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Enshrouded Hits 3 Million Player Milestone
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Aug. 12, 2024, 7:49 a.m.
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Krafton Takes Over Tango Gameworks and Hi-Fi Rush Intellectual Property from Xbox
In a significant move, Krafton, the publisher behind PUBG, has entered into a strategic partnership with Xbox to acquire Tango Gameworks and the rights to Hi-Fi Rush. The goal is to ensure a seamless transition, allowing the Tango team to continue working on the Hi-Fi Rush franchise and explore new projects. Tango Gameworks, founded by Shinji Mikami in 2010, is known for its work on The Evil With…
Aug. 12, 2024, 12:17 a.m.
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Arkadium Expands into Publishing
Arkadium, a leading online gaming platform, has unveiled a publishing service designed to support browser-based game developers. Following the success of its developer program launched in April, the company is now offering third-party publishing services to help developers reach a wider audience. To further support developers, Arkadium has established a $1 million fund that will provide financial…
Aug. 9, 2024, 2:06 p.m.
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Remedy Sees Revenue Boost as Alan Wake 2 Recovers Most Development Costs
Remedy has released its financial report for the first half of 2024, indicating a rise in revenue and enhanced profitability compared to the same period last year. Although Alan Wake 2 has not yet generated royalties, the game has largely recovered its development and marketing expenses since its release in October. The company's revenue for the second quarter of 2024 was €10.3 million, represent…
Aug. 9, 2024, 12:17 p.m.
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Apple Revises EU Fees and Linking Options Following DMA Investigation
In response to the European Union's Digital Markets Act, Apple has updated its terms of service to permit developers to connect users to external payment systems or alternative platforms, provided they accept the revised terms. However, Apple will impose a 5% initial acquisition fee on digital purchases made within the first year of installation for new users, as well as a 10% store services fee …
Aug. 9, 2024, 11:01 a.m.
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Xsolla Expands Presence with New Montreal Office
Xsolla has launched its inaugural Canadian office in Montreal, marking a significant milestone in its regional expansion efforts. This strategic move is the result of a partnership with GameAddik, a prominent advertising firm in the gaming industry. Over the next two years, Xsolla plans to augment its operations by recruiting up to 50 new employees to fill various roles, including business develo…
Aug. 9, 2024, 10:49 a.m.
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Unity Experiences 16% Revenue Decline to $449 Million in Q2
Unity has unveiled its financial results for the quarter ending June 30, 2024, revealing a revenue decrease that nonetheless exceeded the company's prior guidance of $420-$425 million for the quarter. The period also saw significant executive changes, including the departure of CFO Luis Visoso, who joined in 2021, and the appointment of Mark Barrysmith as interim CFO, alongside two additional exe…
Aug. 9, 2024, 9:52 a.m.
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Take-Two Reports Moderate Q1 Growth Amidst Ambitious Development Plans
Take-Two has announced its financial results for the first fiscal quarter of 2025, revealing a modest increase in bookings and revenue, despite deeper losses. Key figures include: $1.34 billion in net revenue, a 4% year-over-year increase; a net loss of $262 million, compared to $206 million in the previous year; and $1.22 billion in total net bookings, representing a 1% year-over-year growth. Th…
Aug. 8, 2024, 8:20 p.m.
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Thirdverse Names New Chief Executive Officer
Thirdverse, a prominent VR developer and publisher, has announced the appointment of Masaru Ohnogi as its new Chief Executive Officer. The move is expected to propel the company towards achieving its vision of creating a novel virtual world for a massive user base of one billion people, while also bolstering its international expansion strategy. Ohnogi, who has been with Thirdverse since October …
Aug. 8, 2024, 6:23 p.m.
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Kingmakers Lands Film Adaptation Deal Ahead of Launch
Kingmakers, an upcoming time-traveling shooter with tower defense and strategy elements from Redemption Road, has been greenlit for a movie adaptation prior to its release. According to the game's publisher, tinyBuild, a partnership with Story Kitchen has been formed to create a live-action film based on the game. The movie will be an adaptation of the game, which takes players back in time…
Aug. 8, 2024, 5:45 p.m.