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The First Descendant to Undergo Updates Following Allegations of Similarities to Destiny 2
Following allegations that The First Descendant borrowed design elements from Destiny 2, Nexon has issued a response. A recent Forbes report pointed out the similarities in iconography and weapon designs between Nexon's free-to-play shooter and Bungie's title. Nexon has stated that it has taken the concerns seriously and will implement adjustments to ensure the game's unique identity is reflected…
July 12, 2024, 11:29 a.m.
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Embracer Obtains €600m Revolving Credit Facility
Embracer has successfully secured a new €600m ($652m) revolving credit facility spanning two years. This facility supersedes the existing €420m ($456m) revolving credit facility, which is set to mature in May 2025. The new facility boasts improved terms, including a significantly reduced credit margin for utilized debt, which Embracer believes will lower interest expenses through enhanced terms a…
July 11, 2024, 7:16 p.m.
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Tencent to Discontinue Synced, Its Free-to-Play Shooter, After Only One Year
Tencent has announced that it will be discontinuing its free-to-play shooter game, Synced. The decision to terminate the game's servers comes exactly one year after its launch, with the shutdown scheduled for September 8 at 7pm GMT-8. Although no reason has been provided for the closure, players have been informed that they can continue to play and utilize existing in-game items until the termina…
July 11, 2024, 3:47 p.m.
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GAME to Discontinue In-Store Pre-Orders Starting Next Month
UK retail chain GAME is reportedly downsizing its services, with a recent report indicating that in-store pre-orders for upcoming games will soon be discontinued. According to Eurogamer, multiple GAME staff members have confirmed that the retailer will cease accepting new in-store pre-orders from August 1, although online pre-orders will still be available. Existing pre-orders for games set to re…
July 11, 2024, 1:10 p.m.
News
First Break Labs Emerges as New Indie Publishing and Investment Company
A group of former Nintendo and Sega employees has founded First Break Labs, a publishing and investment firm dedicated to supporting independent game developers in achieving their industry debut. The company plans to offer financial backing and marketing expertise to its partner studios, leveraging its team's extensive experience spanning over two decades in the gaming industry, encompassing both…
July 11, 2024, 11:59 a.m.
News
Splash Damage Announces Potential Job Cuts Affecting a Limited Number of Positions
Splash Damage has become the latest game development studio to announce possible layoffs, with employees being notified of their status. The exact number of individuals who may be affected remains unclear, but according to a statement provided to GamesIndustry.biz, the studio emphasizes that the impact will be limited to a small subset of roles. The news of potential job cuts initially surfaced w…
July 11, 2024, 11:52 a.m.
News
Gamescom Asia 2024 Lineup Announced, Featuring Capcom and Shawn Layden
Gamescom Asia's organizers have unveiled the first set of participants for this year's event, which includes renowned industry figure Shawn Layden and the highly anticipated return of gaming giant Capcom. The exhibition will take place at the Suntec Centre in Singapore from October 17 to 20. As the first major publisher confirmed to attend, Capcom is expected to showcase its most eagerly awaited …
July 11, 2024, 10:16 a.m.
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Develop Star Awards Announces Winners with Baldur's Gate 3 and Alan Wake 2 Taking Top Honors
The latest Develop Star Awards ceremony has added to the trophy collections of Larian Studios and Remedy Entertainment. Held at the Brighton Dome during the Develop Brighton conference, the event recognized excellence in the gaming industry. Notably, Alan Wake 2 and Baldur's Gate 3 were the only titles to receive multiple awards. Baldur's Gate 3 took home the prestigious Best Game award and Best …
July 11, 2024, 9:20 a.m.
News
Shift Up Secures $320 Million in Landmark IPO
Shift Up, the renowned developer of the highly anticipated PlayStation 5 exclusive Stellar Blade, has announced the successful completion of its initial public offering, raising a substantial 435 billion won, equivalent to $320 million. According to Bloomberg, this marks the largest gaming IPO in South Korea in over two years, surpassing the $50 million threshold, and follows in the footsteps of …
July 11, 2024, 9:09 a.m.
News
Microsoft Withdraws from OpenAI Board
Microsoft has given up its non-voting observer position on OpenAI's governing board. According to reports, Keith Dolliver, Microsoft's deputy general counsel, notified OpenAI earlier this week, stating that the company no longer sees the need to maintain its observer role due to OpenAI's substantial progress. This development comes after Microsoft initially took on the non-voting role in November…
July 10, 2024, 8:12 p.m.