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Oxide Games Names Former Nickelodeon and Paramount Executive Adrian Wright as General Manager
Oxide Games has announced the appointment of Adrian Wright, a seasoned executive formerly of Nickelodeon and Paramount, to the position of general manager. Wright will be responsible for overseeing the studio's strategic direction and operational management, with a focus on uniting talented developers to create innovative strategy games. Throughout his career, Wright has been involved in licensin…
Aug. 8, 2024, 5:05 p.m.
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TĂĽrkiye Blocks Roblox Over Concerns About Child Protection
Following a government decision, Roblox has been suspended in Türkiye. According to an announcement by the Turkish Minister of Justice, Yılmaz Tunç, on social media, the ban was enforced due to concerns that the platform's content could potentially put children at risk of exploitation. In a statement, Roblox expressed its commitment to adhering to local laws and regulations, emphasizing its share…
Aug. 8, 2024, 2:49 p.m.
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Nazara Technologies Purchases Fusebox Games in $27.2 Million Deal
Nazara Technologies has completed the acquisition of Fusebox Games, a UK-based mobile gaming studio, for a sum of $27.2 million. Fusebox Games, established in 2016, specializes in developing interactive story titles, including the popular Love Island game, with several other projects in the pipeline based on prominent television IPs. According to Nitish Mittersain, CEO and founder of Nazara, the …
Aug. 8, 2024, 10:21 a.m.
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Warner Bros Sees 41% Decline in Game Revenue for Q2, Citing Underwhelming Suicide Squad Performance
Warner Bros has reported a 41% year-over-year decline in game revenue, according to its Q2 2024 financial report, covering the period up to June 30. Although the company does not release detailed figures for its Studios segment, which includes TV and film, it attributed the decrease to the disappointing performance of Suicide Squad: Kill the Justice League, especially in comparison to Hogwarts Le…
Aug. 8, 2024, 10:19 a.m.
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Bandai Namco Sees 56% Surge in Profits During Q1 of FY25
Bandai Namco has released its financial results for the first quarter, revealing substantial growth in both net sales and profits. For the quarter ending June 30, 2024, the company's net sales increased by 24.8% year-over-year to ¥280 billion ($1.9 billion), while profits jumped by 56.3% to ¥34 billion ($233 million). The digital entertainment segment drove this growth, with sales rising by 55.8%…
Aug. 8, 2024, 9:38 a.m.
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Meta Closes Ready at Dawn Studio
According to recent reports, Meta has ceased operations at Ready at Dawn, a renowned game development studio. This news was confirmed by Android Central, which obtained an internal memo sent to employees by Gio Hunt, VP of Oculus Studios. The memo stated that the studio's closure was effective immediately. A Meta spokesperson clarified that the decision was not solely driven by cost-cutting measu…
Aug. 8, 2024, 9:01 a.m.
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Foretold Studios Faces Financial Struggles, Failing to Pay Employee Wages
Developer of Tollan Universe, Foretold Studios, is experiencing significant financial difficulties, resulting in unpaid wages for its employees. According to a report, these issues began as early as September of the previous year, with current and former staff members alleging that CEO Michael Kuvshynov has failed to maintain transparent communication regarding the company's cash flow problems. M…
Aug. 7, 2024, 8:30 p.m.
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Remedy Announces Appointment of New Chief Financial Officer
Remedy Entertainment has named Santtu Kallionpää as its new Chief Financial Officer. Kallionpää is set to join Remedy's executive management team in October, leaving behind his position as Vice President of Finance and Business at Fazer, a Finnish confectionery company. He succeeds Terhi Kauppi, who stepped down as Remedy's CFO in June 2024. "We are thrilled to have Santtu Kallionpää on board …
Aug. 7, 2024, 6:09 p.m.
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Balatro: Indie Poker Roguelike Achieves 2 Million Sales Milestone
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Aug. 7, 2024, 4:54 p.m.
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Veterans from IO Interactive and Plarium Unite to Launch Chamo Games
A group of seasoned game developers, formerly of Raid: Shadow Legends and Hitman, have joined forces to establish Chamo Games. The studio was founded by Zoher Toutanji, former COO of IO Interactive, and Roberto Schiavulli, ex-creative director at Plarium, in September 2023. With its base in Malmö, Sweden, the team of 25 developers, which includes talent from prominent companies like Riot Games, C…
Aug. 7, 2024, 4:36 p.m.