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Maximum Entertainment Consolidates Six Gaming Divisions
Maximum Entertainment, formerly known as Zordix, has unveiled a major restructuring effort, bringing its diverse divisions together under a single umbrella. The move encompasses several prominent publishers, including Maximum Games, Modus Games, Just For Games, and Merge Games, as well as the development studio Modus Studios, all of which will now operate under the Maximum Entertainment banner. A…
Feb. 15, 2024, 10:33 a.m.
News
Acclaimed Game Developer Yoshitaka Murayama Passes Away
The gaming world is mourning the loss of Yoshitaka Murayama, renowned co-creator of the Suikoden series and driving force behind Eiyuden Chronicle: Hundred Heroes, who sadly passed away on February 6 due to complications from a long-standing illness, as announced by Rabbit & Bear Studios, the company he founded in 2020. In a heartfelt statement, the studio expressed their deep sorrow, noting tha…
Feb. 15, 2024, 10:25 a.m.
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Scopely Implements Restructuring in Kingdom Maker Team
Scopely has acknowledged that it is considering personnel adjustments within its Kingdom Maker publishing team. According to a post on LinkedIn by industry observer Amir Satvat, approximately 38 staff members have been impacted by the changes. A Scopely spokesperson revealed to GamesIndustry.biz that the restructuring is a result of ending the publishing partnership with Global Worldwide, the…
Feb. 14, 2024, 9:55 p.m.
News
Blackbird Interactive Announces Further Staff Reductions
Blackbird Interactive, a Vancouver-based studio, has confirmed to GamesIndustry.biz that it has undergone a second round of staff layoffs within a six-month period. A representative from the studio stated, "Due to unforeseen economic pressures, we were forced to make the difficult decision to part ways with some of our colleagues." The decision is reportedly part of a broader realignment stra…
Feb. 14, 2024, 9:14 p.m.
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Xsolla Undergoes Leadership Restructuring with New Strategy Officer
Xsolla has unveiled a significant shift in its leadership, with Chris Hewish, the company's former president and interim CEO, assuming the position of chief strategy officer. Hewish initially joined Xsolla as president in 2020 and later took on the role of interim CEO in May. His prior experience includes heading the studio for virtual reality developer Survios and Skydance's interactive divisio…
Feb. 14, 2024, 3:38 p.m.
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UK Women-Led Studios Secure £215,000 Funding Boost
Innovate UK has presented five women-led UK studios with a prestigious award, featuring a total grant of £215,000. The funding package comprises business grants and personal allowances, accompanied by 12 months of comprehensive support for the recipient studios. The awardees include Glowfrog Games' Kate Killick, Peanut & Crumb's Jane Gerber, Silver Script Games' Alyx Jones, Dot Dot Fire's Hilary …
Feb. 14, 2024, 12:15 p.m.
News
Supercell Sees 4.2% Decline in Revenue to €1.7 Billion in 2023
Supercell has released its financial report for 2023, revealing a 4.2% decline in revenue to €1.7 billion compared to the previous year. According to CEO Ilkka Paananen, this downturn is attributed to a sluggish start in game sales during the first half of 2023, as well as the overall state of the mobile gaming market. However, the company's live games segment experienced growth each quarter, lar…
Feb. 14, 2024, 11 a.m.
News
PlayStation Revenue Reaches $9.6 Billion in Holiday Quarter, Despite Expected Hardware Decline
Sony has unveiled its latest financial results, showcasing a significant surge in sales across the entire company and its PlayStation division. However, the company has adjusted its sales forecasts downward for PlayStation, citing an anticipated decline in hardware sales, partly due to the lack of major game releases from its prominent franchises in the upcoming fiscal year. Key highlights for th…
Feb. 14, 2024, 10:55 a.m.
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Sony Confirms Cancellation of Rise of the Ronin Launch in South Korea
In a recent statement to GamesIndustry.biz, Sony confirmed that Team Ninja's upcoming game, Rise of the Ronin, will not be available in South Korea. A spokesperson stated, 'Rise of the Ronin for PlayStation 5 was never officially announced for release in Korea. We can confirm that the title will not be sold or published in South Korea in any form, whether physical or digital.' This development fo…
Feb. 14, 2024, 8:56 a.m.
News
Twitch Sees 6% Viewership Increase in January
January brought a notable 6% increase in viewership for Twitch, with a total of 1.9 billion hours watched, as per the monthly State of the Stream report by StreamElements and Rainmaker.gg. This surpasses the 1.8 billion hours watched in the same month last year. Daily hours watched averaged 61.4 million, marking continued growth since September 2023. The newly released survival game Palworld gain…
Feb. 13, 2024, 5:01 p.m.