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Exploring the Recent Xbox Studio Closures and Nintendo's Latest Developments
The latest GI Microcast episode is out, offering a weekly rundown of the most significant gaming news. This episode delves into the recent closures of four Bethesda-owned studios by Xbox, analyzing the impact on Microsoft's gaming strategy, the future of its smaller studios, and the company's reputation within the industry and among gamers. Additionally, the episode covers Nintendo's official sta…
May 13, 2024, 3:32 p.m.
News
Warner Bros. Returns Ownership of Select Titles to Developers Under Adult Swim Games
Warner Bros. Discovery has initiated the process of returning ownership of specific titles under the Adult Swim Games label to their respective developers. This development comes after the company announced the delisting of titles from its publishing division several months ago. According to a report by Rock Paper Shotgun, Owen Deery, the developer of Small Radios Big Televisions, shared the news…
May 13, 2024, 1:57 p.m.
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Steel City Interactive Secures £15m in Funding Round
Sheffield-based Steel City Interactive has successfully raised over £15 million in a recent funding round, with Novator Ventures at the helm. The investment will be utilized to support the full-scale release of its boxing game, Undisputed, which is currently available in early access. Additional participants in the funding round included London Venture Partners, as well as boxing industry experts…
May 13, 2024, 1:05 p.m.
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Mighty Kingdom Reduces Workforce by 28%
Mighty Kingdom, an Australia-based game development studio, has announced a significant reduction in its workforce, with at least 14 employees being let go. The decision was made as part of a strategic restructuring effort aimed at streamlining the company's operations. In a statement, CEO David Yin expressed his regret over the situation, stating that all possible alternatives had been explored …
May 13, 2024, 12:23 p.m.
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Square Enix Adopts Ambitious Multi-Platform Approach Amid 70% Profit Decline
Square Enix has released its financial results for the fiscal year ending March 31, 2024, which fell short of expectations. In response, the company is implementing a new strategy aimed at achieving 'stable profit generation' in its digital entertainment segment by 2027. Key financial highlights include net sales of ¥356 billion, up 3.8% year-over-year, and operating income of ¥32.5 billion, down…
May 13, 2024, 10:21 a.m.
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Sony Establishes New Studio with Former Deviation Games Team Members
According to recent reports, Sony has founded a new studio comprised of ex-Deviation Games employees. This news was hinted at by Michael Anthony, former technical director, in a LinkedIn post, where he mentioned that the studio is working on a previously unannounced intellectual property. Anthony expressed his optimism about the studio's potential, praising the talent of the developers involved a…
May 13, 2024, 9:31 a.m.
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Little Kitty Big City Achieves Remarkable Sales of 100,000 Units Within 48 Hours
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May 13, 2024, 8:32 a.m.
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Pentiment and We Are OFK Receive Prestigious Peabody Awards
The winners of the 84th annual Peabody Awards have been announced, with Pentiment and We Are OFK being recognized among the recipients. Both games were awarded the Immersive and Interactive Award. Pentiment, developed by Obsidian Entertainment, is a historical narrative-driven game, while We Are OFK is an episodic adventure game created by Team OFK under the direction of Teddy Dief. A jury of 32 …
May 10, 2024, 9:22 p.m.
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Vietnam Blocks Access to Steam
Vietnam has recently imposed a ban on Steam, according to recent reports. As per a translation from VietnamNet cited by Game Developer, the primary reason for this ban appears to be related to Valve's business practices in the country. A representative from a local publishing company claims that Steam has been releasing games in Vietnam without obtaining the necessary government approvals, whic…
May 10, 2024, 8:34 p.m.
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Playtika Streamlines Leadership with Executive Role Cuts
In a move to restructure its leadership, Playtika has eliminated the positions of chief revenue officer and chief operating officer. According to a report by MobileGamer.biz, this announcement was made by CEO Robert Antokol during the company's Q1 financial report. As a result, Shlomi Aizenberg and Ofer Kinberg will be leaving the mobile gaming firm. Antokol stated, "Our goal with these changes, …
May 10, 2024, 6:49 p.m.