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Former Versus Evil Executives Launch Digital Bandidos, a New Indie Game Publisher
A new full-service game publisher, Digital Bandidos, has emerged from stealth mode. Founded by Versus Evil veterans Steve Escalante and Lance James, the company has been operational for several months and is now officially unveiled. Escalante, who previously served as general manager and founder of Versus Evil, will assume the role of CEO, while James, formerly head of production at Versus Evil, …
Aug. 7, 2024, 1 p.m.
News
Sega's $102.5 Million in Full Game Sales Mitigates Overall Revenue Decline
Sega has announced its financial results for the quarter ending June 30, 2024, revealing a decline in overall net sales, but a strong performance from its video game segment. The company generated ¥15.1 billion ($102.5 million) in revenue from full game sales, representing a nearly 40% increase compared to the same period last year. The Entertainment Contents division, which includes video games,…
Aug. 7, 2024, 11:05 a.m.
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Shipyard Games Ceases Operations
Finnish mobile game development studio Shipyard Games has announced that it will be shutting down. According to a report by PocketGamer, CEO and co-founder Andreas Wedenberg stated in a message on the studio's Discord server that the primary reason for the closure is a lack of investment. Wedenberg expressed that the company's financial situation is dire, with depleted funds and a previous invest…
Aug. 7, 2024, 10:16 a.m.
News
Sony Reports a Strong Q1 Despite a 27% Decline in PS5 Hardware Sales
Sony has unveiled its Q1 FY2024 financial results, revealing a mixed performance. Although the company's games segment has shown growth, driven by first-party sales and PlayStation Plus, hardware sales have taken a hit, declining four years into the PS5's lifecycle. For the quarter ending June 30, 2024, key figures include: sales of ¥3.01 trillion ($20.5 billion), representing a 2% year-on-year i…
Aug. 7, 2024, 9:32 a.m.
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Square Enix Sees 68% Increase in Q1 Profits to $72 Million Amid Sales Decline
Square Enix has released its financial results for the first quarter of 2024, revealing a substantial decline in net sales compared to the previous fiscal quarter. The company's Digital Entertainment segment, which includes its video game business, experienced a notable decrease in revenue due to lower sales of new titles, including SaGa: Emerald Beyond and the Steam release of the Kingdom Hearts…
Aug. 7, 2024, 9:20 a.m.
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MixRift Secures $1.6 Million in Funding for Innovative Mixed Reality Gaming Experiences
MixRift has successfully closed a pre-seed funding round, garnering $1.6 million in investments. The funding round was co-led by Outsized Ventures and Underline Ventures, with SOSV and several angel investors also contributing to the round. The newly acquired funds will be utilized to drive the development and publication of mixed reality games. The company's founding team, comprising CEO Bobb…
Aug. 7, 2024, 7 a.m.
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Social First Lands $4.2 Million in Funding
Social First has successfully secured $4.2 million in funding through a seed funding round. The investment, led by Crowberry Capital, also saw participation from Business Finland and an increased investment from Play Ventures, an original pre-seed investor. The funds raised will be allocated towards the development of the studio's upcoming cross-platform social MMO game, which is slated for an ea…
Aug. 6, 2024, 1:37 p.m.
News
Hybe Interactive Media Secures $80 Million Investment for Enhanced Publishing Capabilities
Hybe Interactive Media has successfully raised $80 million through a strategic investment round, bolstering its capacity to expand and enhance its video game publishing operations. As a subsidiary of the prominent South Korean entertainment company Hybe, which is renowned for its association with the immensely popular boy band BTS and operates multiple music labels globally, Hybe Interactive Medi…
Aug. 6, 2024, 1:23 p.m.
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Animated Series Based on High on Life in Development
The popular video game High on Life is set to be adapted into an animated comedy series. According to reports, JB Smoove, known for his role in Curb Your Enthusiasm and as the voice of a sentient weapon in the game, will be producing the series through Alternate Side Productions. While it is uncertain whether Smoove will also have an acting role, it is likely. Squanch Games and Striker Entertainm…
Aug. 6, 2024, 9:52 a.m.
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Prioritizing Mental Health: Insights from the Upcoming GI HR Summit
New speakers have been announced for the forthcoming GamesIndustry.biz HR Summit, which will feature discussions on the mental health crisis and strategies for promoting team wellbeing. The event is scheduled to take place at the Royal Institution in London on September 18, with tickets available for purchase. A breakout session hosted by Emma Smith of Hestia Talent and Sarah Sorrell of Safe In…
Aug. 6, 2024, 9 a.m.