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US Enacts Legislation to Prohibit TikTok Unless Sold
US President Joe Biden has enacted a comprehensive national security package, which includes a provision compelling ByteDance, a China-based company, to divest its ownership of TikTok or face a ban on the app in the United States. The 'Protecting Americans From Foreign Adversary Controlled Applications Act' stipulates a 270-day deadline for the sale, with the possibility of a 90-day extension at …
April 24, 2024, 5:36 p.m.
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Linden Lab Offloads Tilia Payments Business to Thunes
In a significant move, Linden Lab, the mastermind behind Second Life, has finalized the sale of its payments subsidiary, Tilia, to Thunes, a prominent global payments processor. As part of the deal, Tilia will undergo a rebranding to operate under the Thunes banner while maintaining its base in San Francisco. Furthermore, Thunes and Linden Lab have forged an exclusive five-year partnership, ensur…
April 24, 2024, 5:08 p.m.
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Fallout Series Sees Record 5 Million Players in a Single Day
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April 24, 2024, 9:51 a.m.
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Flaming Fowl Studios, Developer of Gloomhaven, Undergoes Significant Staff Reduction
Flaming Fowl Studios, the development team behind Gloomhaven, has confirmed a substantial reduction in staff and announced that work on its latest project, Ironmarked, has been suspended due to financial constraints. In a recent update on Steam, the studio revealed a demo for Ironmarked, while also disclosing that production has been halted. According to an interview with VGC, Flaming Fowl's CEO,…
April 24, 2024, 9:08 a.m.
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US Federal Trade Commission Prohibits Non-Compete Clauses
In a significant move, the Federal Trade Commission has introduced a ruling that prohibits the inclusion of non-compete clauses in employment contracts. According to FTC Chair Lina M. Khan, "The elimination of non-compete clauses will have a positive impact on the economy by fostering innovation, increasing wages, and allowing for the creation of over 8,500 new startups annually." The decision wa…
April 23, 2024, 8:38 p.m.
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Twitch Exits South Korea, Paving Way for AfreecaTV and CHZZK to Dominate Live Streaming in Q1
A recent report by StreamElements and Streams Charts highlights the shifting landscape of live streaming in South Korea following Twitch's departure. AfreecaTV and CHZZK have emerged as leading streaming platforms, with notable hours watched in Q1. In the previous month, AfreecaTV led with 98 million hours watched, while CHZZK secured the second position with 59 million hours, surpassing Twitch K…
April 23, 2024, 5:49 p.m.
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IGN Unveils Its Alternative to E3
IGN has revealed initial details about its upcoming consumer-focused event, IGN Live, slated to coincide with the former E3 timeline. From June 7th to 9th, the Magic Box @ The Reef in Downtown LA will host IGN Live, offering attendees hands-on gaming experiences and multiple stages featuring live interviews, panels, podcasts, and more. Notable participating companies include Amazon, Atari, Netf…
April 23, 2024, 5 p.m.
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Embracer Group CEO Acknowledges Backlash Amid Restructuring
Embracer Group CEO Lars Wingefors has addressed the criticism he and his company have faced following mass layoffs and studio closures. In a recent interview, Wingefors acknowledged the backlash, stating that he has been subject to significant criticism both internationally and in Sweden. Despite this, he remains committed to the company's mission and vision. The Embracer Group has undergone a ni…
April 23, 2024, 3:13 p.m.
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EGX and MCM Unite for a Groundbreaking 2024 Event
In a significant development, this year's EGX gaming event will be held in conjunction with MCM Comic-Con in the UK, marking a major milestone in the country's pop culture scene. The combined event is scheduled to take place at the London Excel from Friday, October 25th, to Sunday, October 27th, spanning three exciting days. Notably, attendees will only need a single ticket to access both events…
April 23, 2024, 2 p.m.
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Atari Revives Infogrames Brand with New Publishing Venture, Acquires Popular Game
Atari has unveiled the rebirth of Infogrames as a dedicated publishing label, marking a new chapter in the company's history. The revamped Infogrames will concentrate on securing and publishing intellectual properties, with its inaugural acquisition being the popular game Totally Reliable Delivery Service, purchased from Tiny Build. Although the financial terms of the deal remain undisclosed, it …
April 23, 2024, 10:18 a.m.