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Rebuilding the Gaming Industry: A Shift Towards Cost-Effective Regions
The gaming industry's recent downturn, marked by widespread layoffs and studio closures, is slowly coming to an end. Although the recovery process has begun, the industry's rebuilding efforts will likely involve a shift towards more cost-effective regions. This change in strategy is driven by the need to reduce expenses and increase efficiency, particularly in the face of rising inflation and sal…
May 24, 2024, 12:42 p.m.
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Devolver Unveils Summer Showcase Schedule
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May 24, 2024, 10:50 a.m.
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Lightspeed Studios Welcomes Seasoned Executive as VP of PC and Console Publishing
Lightspeed Studios has named Michael Pattison, a seasoned industry professional, as its new vice president of publishing for PC and console games. With over 20 years of experience, Pattison has held key positions at major gaming companies, including THQ, Capcom, and Sony Interactive Entertainment, where he led third-party publishing, developer relations, and global marketing from 2013 onwards. Fo…
May 24, 2024, 10:12 a.m.
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UK Enacts Legislation Similar to DMA, Possibly Allowing Multiple Game Stores on iOS
Following its passage through the UK Parliament, the Digital Markets, Competition and Consumers Bill may compel tech giants like Apple and Google to open their platforms to alternative app stores, including the Epic Games Store. The bill was approved on the eve of a general election scheduled for July 4. Key provisions of the bill mirror those found in the EU's Digital Markets Act, enacted in Nov…
May 24, 2024, 9:25 a.m.
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Sony Unveils Conceptual PlayStation Controller in Futuristic Prototyping Project
Sony has released a video showcasing the outcome of an innovative prototyping project, where its teams envisioned potential future products, including a conceptual PlayStation design. The video features a range of futuristic devices, such as see-through smartphones, augmented reality headsets, and a gaming controller with a distinctive ring light. Initially presented at Sony's corporate strategy …
May 23, 2024, 3:22 p.m.
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Relic Entertainment Secures Investment for Independence
In a strategic move, Relic Entertainment has formed a partnership with Emona Capital, a UK-based investment firm, to solidify its position as an independent entity following its sale by Sega earlier this year. As per reports from Game Developer, this alliance has enabled the studio to secure necessary funding, ensuring its independence through the support of Emona Capital. The investment firm is …
May 23, 2024, 2:52 p.m.
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Rolling Stone Introduces Dedicated Gaming Platform
Rolling Stone has made a comeback in the gaming media landscape with the launch of Rolling Stone Gaming, a new dedicated section. According to Game Developer, the section will be led by Christopher Cruz, a seasoned gaming editor who previously served as an executive producer for the site's content studio, which included the daily Twitch show Rolling Stone on Twitch. The launch of Rolling Stone Ga…
May 23, 2024, 2:19 p.m.
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Atari Expands Portfolio with Acquisition of Intellivision Brand and Extensive Game Library
In a significant move, Atari has acquired the Intellivision brand, along with a vast library of over 200 games, from Intellivision LLC. While specific details about the acquired games have not been disclosed, Intellivision LLC will continue to work on the Amico games console independently, with Atari granting a license to distribute games on the platform. Initially slated for release in October 2…
May 23, 2024, 12:22 p.m.
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Fragbite Initiates Bankruptcy Proceedings for Fall Damage Studio Seven Months Post-Acquisition
Fragbite Group has announced that it is declaring bankruptcy for its in-house development studio, Fall Damage, due to the studio's inability to find a publisher for its free-to-play multiplayer game, Alara Prime. Despite being in discussions with multiple publishers, Fall Damage was unable to finalize a deal within the required timeframe, resulting in a severe financial strain. The studio's devel…
May 23, 2024, 10:41 a.m.
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Embracer Group Sees Full-Year Revenue Increase to $3.9 Billion, Despite $1.5 Billion Debt
Embracer Group has released its full-year financial report, showing an overall increase in sales despite a slower fourth quarter. The company's net sales reached SEK 42.2 billion ($3.9 billion) for the full fiscal year, marking a 12% year-over-year increase. However, sales for the three months ending March 31, 2024, were SEK 8.9 billion ($830.9 million), a 5% decrease compared to the same period …
May 23, 2024, 9:30 a.m.