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Black Desert Online Reaches €2 Billion in Lifetime Revenue
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Feb. 28, 2024, 5:40 p.m.
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Remedy Regains Full Ownership of Control Franchise from 505 Games for €17 Million
In a significant move, Remedy Entertainment has reacquired the rights to its critically acclaimed action game Control from 505 Games, with the deal valued at €17 million. This acquisition encompasses not only the original game but also its forthcoming sequel and the multiplayer cooperative spin-off, Condor. As a result, Remedy now holds complete ownership of the Control franchise, granting the co…
Feb. 28, 2024, 5:02 p.m.
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Rising Development Costs Drive Microtransactions in Tekken Series
The producer of the Tekken series, Katsuhiro Harada, has attributed the inclusion of microtransactions in the latest installment to the significant increase in development costs. Compared to the 1990s, the cost of making games has surged tenfold, driven by factors such as higher resolution, online capabilities, and the need for continuous updates. Harada explained that the current economic landsc…
Feb. 28, 2024, 4:24 p.m.
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Nintendo Takes Yuzu Emulator Creators to Court
Nintendo of America has initiated legal proceedings against the developers of Yuzu, a Nintendo Switch emulator. According to a report by Game File's Stephen Totilo, the lawsuit was filed with the US District Court of Rhode Island on February 26. Yuzu, which was launched in 2018 and is owned by Tropic Haze, enables users to play Switch games on Windows, Linux, and Android devices. Nintendo argues …
Feb. 28, 2024, 3:26 p.m.
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NetEase Launches New AAA Game Studio BulletFarm Under Leadership of Industry Veteran David Vonderhaar
NetEase Games has established a new Western studio, BulletFarm, with David Vonderhaar, a veteran of Treyarch and the Call of Duty series, at the helm. The Los Angeles-based studio operates remotely and is already working on a AAA title utilizing Unreal Engine 5. Details about the game are scarce, but it is confirmed to be a first-person cooperative experience set in an original universe. Vonderha…
Feb. 28, 2024, 1:28 p.m.
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Founder Marcus Lehto Departs from EA Studio Ridgeline Games
Marcus Lehto, the founder of Ridgeline Games, has announced his departure from the EA studio responsible for the Battlefield series. In a social media statement, Lehto confirmed that he left the studio of his own volition. He expressed his gratitude to the Battlefield community for their feedback, which he believes will contribute to the game's growth. Lehto wished the EA teams well and stated th…
Feb. 28, 2024, 12:24 p.m.
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Deck Nine Games Reduces Staff by 20%
The developer behind Life Is Strange: True Colors, Deck Nine Games, has announced a reduction of its workforce by 20%. According to reports by Eurogamer, around 30 employees have been affected by the decision. In a statement released on X, the studio explained, "The gaming industry's worsening market conditions have impacted Deck Nine, much like many other companies in the sector." The stateme…
Feb. 28, 2024, 11:37 a.m.
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Playtika Allocates $1.2 Billion for Strategic Acquisitions
Playtika is redirecting its focus towards mergers and acquisitions, allocating up to $1.2 billion over the next three years. This strategic decision was announced alongside the company's Q4 2023 earnings report, which revealed a revenue of $638 million, marking a 1% year-over-year increase. The shift in focus is attributed to the current market conditions, with Playtika's president and CFO, Craig…
Feb. 27, 2024, 3:13 p.m.
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Sony to Downsize PlayStation Workforce by 900 Employees
Sony Interactive Entertainment has announced a significant reduction in its global PlayStation workforce, equivalent to 8% of its total staff, with the complete shutdown of the PlayStation London Studio. According to an internal email from SIE president and CEO Jim Ryan, the layoffs will have a global impact, affecting employees across various regions including the Americas, Europe, the Middle Ea…
Feb. 27, 2024, 2:19 p.m.
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Balatro Achieves $1 Million Milestone in Record Time
In a remarkable debut, a solo developer's first game has amassed over $1 million in revenue within a mere eight hours of its release. The UK-based publisher PlayStack revealed to GamesIndustry.biz that Balatro, a poker-themed roguelike deck-building game, surpassed the $1 million mark in record time. Notably, the game turned a profit within just one hour of going on sale. By the end of its first …
Feb. 27, 2024, 12:25 p.m.