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Report: Take-Two to Shut Down Seattle Office
It appears that Take-Two is set to close its Seattle location this summer as part of a broader effort to reduce costs. A Worker Adjustment and Retaining Notification (WARN) notice filed in the state of Washington, as seen by GamesIndustry.biz, indicates that the office will be shutting down, resulting in the loss of 70 jobs. The expected start date for the closure and layoffs is June 28, 2024, al…
May 1, 2024, 1:08 p.m.
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Korea Aims to Expand Console Market by 2028
The Korean Ministry of Culture, Sports, and Tourism has announced plans to revitalize the country's gaming industry by growing its console market over the next five years. According to a report by Yonhap News Agency, the government unveiled a five-year plan to reduce dependence on mobile and online platforms and increase console sales. Currently, consoles account for 28% of the global gaming mark…
May 1, 2024, 9:45 a.m.
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Get Ready for the Xbox Games Showcase on June 9
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April 30, 2024, 6:48 p.m.
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Keoken Interactive Reduces Staff Due to Funding Shortfall After GDC
Following a challenging experience at GDC 2024, Deliver Us Mars developer Keoken Interactive has made the difficult decision to downsize its team due to an inability to secure necessary funding or future projects. In a statement released by managing director Paul Deetman and CEO Koen Deetman, the company expressed its disappointment that no substantial opportunities materialized after attending t…
April 30, 2024, 3:41 p.m.
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Square Enix Faces $140 Million Loss Due to Canceled Game Projects
Square Enix has announced that it will incur a substantial financial loss in its upcoming earnings report due to the cancellation of several game projects. As part of its new strategy to be more discerning and focused in its allocation of development resources, the company's board of directors approved a plan on March 27 to reevaluate its HD game pipeline. This decision is expected to result in a…
April 30, 2024, 2:54 p.m.
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Industry Updates: April 2024 | Ubisoft Appoints Cécile Russeil as Executive Vice President
The games industry is constantly evolving, with new appointments and transitions emerging regularly. This roundup aims to capture the key developments, including Auroch Digital promoting Nina Adams to studio director and Netflix Games hiring Tara Voelker as senior accessibility producer. Other notable appointments include Umberto Bettini as general manager of Milestone, Mikael Kasurinen as creati…
April 30, 2024, 2:44 p.m.
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Another Crab's Treasure Achieves 100,000 Sales in Four Days
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April 30, 2024, 10:18 a.m.
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Discord Cracks Down on Accounts Selling User Messages
Discord has taken swift action against a number of accounts found to be using bots to harvest and sell messages from up to 620 million users. An investigation uncovered that these bots had compiled a massive archive of over four billion public messages, including voice chats, from popular servers such as those dedicated to video games like Among Us and Minecraft. The messages were then sold throu…
April 30, 2024, 8:56 a.m.
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Fallout TV Series Draws 65 Million Viewers Within First Two Weeks
Within 16 days of its release, Amazon's television adaptation of Fallout garnered an impressive 65 million viewers. According to a report by Variety, the show has become the streaming platform's second most-watched program, surpassing the viewership of The Lord of the Rings: The Rings of Power, which was released in 2023 and held the top spot. The viewing demographics for Fallout reveal that th…
April 29, 2024, 8:59 p.m.
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Tencent Boosts Stake in Remedy Entertainment to 14%
Tencent has enhanced its investment in Remedy Entertainment, now holding a 14% stake in the company. Prior to this, the conglomerate possessed 5% of the shares and voting rights in the Finnish gaming studio. Tencent's initial 3.8% acquisition in Remedy took place in May 2021. Later that year, Remedy and Tencent formed a global partnership for the development and publication of Vanguard. Remed…
April 29, 2024, 8:05 p.m.