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Riot Games and Moonton Games Reach Settlement in IP Dispute
Moonton Games and Riot Games have come to a mutual agreement, putting an end to their prolonged intellectual property rights dispute. As part of the agreement, Riot Games has withdrawn its pending lawsuits. This development marks the culmination of a years-long legal battle between the two companies, sparked by allegations of copyright infringement. The dispute began in 2017 when Riot Games filed…
April 2, 2024, 2:56 p.m.
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Ranch Simulator Reaches 1 Million Units Sold
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April 2, 2024, 1:06 p.m.
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Embracer Group Concludes Restructuring Efforts, Rules Out Further Studio Sales
In a recent investor call, Lars Wingefors, CEO of Embracer Group, announced the completion of the company's extensive restructuring process. This process resulted in the loss of 1,400 jobs and the closure of three studios. Wingefors emphasized that the sale of Gearbox, the developer of Borderlands, marked a significant milestone in this process. He also stated that Embracer is not planning to sel…
April 2, 2024, 11:39 a.m.
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Certain Affinity Reduces Workforce by 10%
Certain Affinity has reduced its US-based workforce by 25 employees in the business operations sector. In a statement on the company's website, CEO Max Hoberman pointed to a widespread decrease in funding for new projects and a lack of interest from third-party investors as the primary reasons for this move. He noted that these factors have made it extremely challenging to secure new projects or …
April 2, 2024, 11:05 a.m.
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Dragon's Dogma 2 Achieves 2.5 Million Sales Milestone
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April 2, 2024, 9:59 a.m.
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Ubisoft Experiences New Round of Layoffs
Ubisoft has revealed a fresh wave of layoffs, impacting 45 employees across its global publishing and Asia-Pacific divisions. According to GameSpot, the gaming company attributed this move to its efforts to "simplify operations" and enhance overall efficiency. In a statement, Ubisoft explained, "We are continuing to restructure our global publishing central and APAC departments to better align …
April 2, 2024, 9:17 a.m.
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Games Industry Job Updates for March 2024: Notable Hires and Appointments
Tracking the latest developments in the games industry can be challenging, which is why we provide regular updates on new appointments and transitions. To share news about your company's hires or role changes, please email the details to newhires@gamesindustry.biz. Recently, Scopely appointed Bobby Loya as its senior vice president of studio business development and developer relations. Loya, for…
March 28, 2024, 7:51 p.m.
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Helldivers 2 Leads February Revenue Charts in the US and UK
Arrowhead Game Studios has made a notable impact on Newzoo's February revenue and engagement charts. The company's recent release has topped the revenue chart and secured a spot just outside the top 10 in terms of monthly active users. According to Newzoo, the game's live service elements have the potential to maintain its position on the charts for an extended period. However, other games such a…
March 28, 2024, 7:48 p.m.
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Over 16 Million Units Sold: It Takes Two Achieves Milestone
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March 28, 2024, 5:47 p.m.
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Yellow Brick Games Embarks on Self-Publishing Journey for Debut Title
In a significant shift, Yellow Brick Games has opted to part ways with its publisher, Private Division, to handle the release of its inaugural game independently. Scheduled for launch in 2025, this untitled fantasy action-adventure project has been under development for four years. A brief teaser was unveiled recently, with a full reveal slated for April 2, exclusively on IGN. "Venturing into …
March 28, 2024, 2:26 p.m.