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Axis, Scotland's Leading VFX Company, Ceases Operations
Axis Studios, a renowned animation and visual effects company, has halted all operations and laid off 162 staff members. Known for its work on the visually stunning Dead Island teaser, the Glasgow-based studio went into administration on July 15. Axis had collaborated with prominent franchises such as Halo, Gears of War, and Warframe, as well as TV shows like Doctor Who and Love, Death & Robots. …
July 16, 2024, 5:10 p.m.
News
Japanese Gaming Market Sees Nintendo Switch Sell Over 1 Million Units in H1 2024
During the first half of 2024, the Nintendo Switch sold 1.3 million units across its various models in Japan, representing a 31% decline from the same period last year. Key highlights from Japan's H1 2024 include: Nintendo Switch sales of 1.3 million units, down 31% year-over-year, and PlayStation 5 sales of 791,497 units, a 43% decline. Nintendo dominated the boxed title software sales with ¥16 …
July 16, 2024, 2:06 p.m.
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Echo Chunk Secures $1.4 Million in Funding
Echo Chunk, an AI-focused startup, has successfully raised $1.4 million in its pre-seed funding round, led by A16z Speedrun. The funds will be utilized to further enhance its daily puzzle game, Echo Chess, which is available to play for free. The investment round saw participation from notable investors, including Mark Pincus, founder and chairman of Zynga, Eric Wu, co-founder and CEO of Opendo…
July 16, 2024, 2 p.m.
News
Capcom's Resident Evil 7 Earns $28,140 on iOS Since Launch
According to AppMagic data reported by Mobilegamer.biz, the iOS version of Resident Evil 7 has generated $28,140 in revenue for Capcom. With around 83,000 downloads since its launch on July 2, this translates to roughly 2,000 paying customers when accounting for Apple's revenue share. This figure has prompted GamesIndustry.biz to reach out to Capcom for further clarification. As a $20 AAA title o…
July 16, 2024, 1:51 p.m.
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Gfinity Digital Media Undergoes Staff Reduction
Gfinity Digital Media has allegedly experienced significant staff cuts. On July 12, Lewis White, the editor-in-chief of Gfinity and Stealth Optional, announced the news via social media, stating that his entire team is being released from their positions. However, the total number of employees affected remains unclear, given that the company operates eight gaming media websites, including Gfinity…
July 16, 2024, 10:58 a.m.
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Snapshots from the GamesIndustry.biz Summer Party 2024
On the evening of the Euro 2024 semi-final, GamesIndustry.biz hosted its annual Summer Party as part of Develop Brighton. The event took place at Horatio's Bar on Brighton Pier, where attendees gathered to socialize and enjoy each other's company while watching the match on a large screen. Although England ultimately lost in the finals, the atmosphere was electric as they defeated the Netherlands…
July 16, 2024, 10:08 a.m.
News
Understanding Xbox's Game Pass Price Hike | Microcast
The newest installment of the GamesIndustry.biz Microcast is now available for streaming or download. In this episode, James and Chris delve into Microsoft's recent adjustments to Xbox Game Pass, including a price hike across all existing plans and the debut of a new Standard plan that omits day-one releases. The discussion centers on Microsoft's strategy for its subscription service and the 'You…
July 16, 2024, 8:32 a.m.
News
UK Video Game Sales Experience Sharp Decline of Almost 30% in First Half of 2024
The UK video game market has witnessed a significant downturn, with sales dropping by nearly 30% in the first half of 2024. According to the Entertainment Retailers Association (ERA), the UK's trade body for digital services and retailers of music, video, and games, the music sector experienced a 7.9% year-over-year increase in revenue, outperforming both video and games. The video game industry,…
July 15, 2024, 11:01 p.m.
News
Embark Studios Issues Apology to Xbox Users Over Delayed Patch Release
Embark Studios, the developer of The Finals, has extended an apology to Xbox players following the delayed rollout of its substantial 3.4 patch on Microsoft consoles. Although the update was successfully deployed on PC and PS5 last week, Xbox enthusiasts are experiencing an extended wait due to an unspecified issue. In a statement on the official Discord channel, a representative from Embark expr…
July 15, 2024, 8:15 p.m.
News
Murky Divers Surpasses 100,000 Sales Milestone in Under a Month
This article is part of our News-in-brief series, providing a concise overview with a link to the full story. For more details, follow the link below: Murky Divers has sold over 100,000 copies in less than a month
July 15, 2024, 7:46 p.m.