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Threshold Games Ceases Operations
Independent game development studio Threshold Games has officially closed its doors, as announced on LinkedIn last week. The Seattle-based company, which was in the process of developing its inaugural title, cited unforeseen circumstances as the reason for its closure. In a statement, the studio expressed regret over not being able to bring its vision to fruition, while acknowledging the hard wor…
Feb. 12, 2024, 11:54 a.m.
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Skillz Secures $42.9 Million in Patent Infringement Case Against AviaGames
In a significant legal victory, Skillz has been awarded $42.9 million in a patent infringement lawsuit against AviaGames. The lawsuit, filed by Skillz, alleged that AviaGames had copied its patented skills-based gaming platform and games. Both companies operate in the competitive space of online multiplayer games, where players can stake real money on match outcomes against other players. Followi…
Feb. 12, 2024, 11:31 a.m.
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Xbox Consoles to Remain Part of Microsoft's Strategy, According to Phil Spencer
According to a recent report, Phil Spencer, the head of Xbox, informed employees that Microsoft has no plans to discontinue the production of consoles. This information was revealed by games journalist Shannon Liao in her weekly newsletter, where she stated that an internal town hall meeting was held at Xbox, during which Spencer emphasized the importance of consoles in the company's future plans…
Feb. 12, 2024, 11:10 a.m.
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Dead Cells Post-Launch Support Comes to an End by Motion Twin
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Feb. 9, 2024, 7:34 p.m.
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Yoko Shimomura and Fawzi Mesmar to Receive Top Honors at GDC Awards
The organizers of the Game Developers Choice Awards have unveiled the winners of the Lifetime Achievement Award and the Ambassador Award for this year. Yoko Shimomura will be the recipient of the Lifetime Achievement Award, while Fawzi Mesmar will receive the Ambassador Award. Shimomura's illustrious career, which began in 1988, has been marked by her work as a composer at Capcom, where she creat…
Feb. 9, 2024, 6:49 p.m.
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French Union Raises Concerns Over Don't Nod Staff Wellbeing
A French union has expressed concerns about the welfare of employees at Life Is Strange developer Don't Nod, citing issues with the studio's organisation and communication. The union claims that the studio frequently changes deadlines, provides contradictory information, and reassigns staff without clear goals. As of October 2023, Don't Nod has eight projects in development. The union alleges tha…
Feb. 9, 2024, 4:26 p.m.
News
Nexon Sees 20% Revenue Surge in 2023
Nexon, the publisher behind Maple Story, has unveiled its financial report for the 2023 fiscal year, revealing a record-breaking revenue increase of 19.7%. Key highlights include: - Revenue: ¥423 billion ($2.8 billion), marking a 19.7% year-over-year increase - Net income: ¥71 billion ($475 million), down 29% year-over-year Despite global economic uncertainty, Nexon achieved revenue gro…
Feb. 9, 2024, 4:12 p.m.
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Sega Sees Revenue Increase to $2.7 Billion
Sega Sammy has unveiled its financial results for the nine-month period concluding on December 31, 2023, revealing a surge in overall revenue and profit, albeit with a downturn in sales of new game titles. The decline in the video game segment was mitigated by growth in the pachislot and pachinko machines sector, prompting the company to adjust its sales projections for the current fiscal year. K…
Feb. 9, 2024, 1:03 p.m.
News
Jagex Acquisition Confirmed by CVC Capital Partners and Haveli Investments
CVC Capital Partners and Haveli Investments have officially announced their intention to acquire Jagex, the renowned developer of the RuneScape series, from its current owner, Carlyle Group. Although the financial details of the acquisition remain undisclosed, earlier reports suggested that CVC is prepared to invest approximately £900 million in the purchase. As one of the world's largest private…
Feb. 9, 2024, 10:01 a.m.
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Humble Bundle's Charity Contributions Exceed $14 Million in 2023
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Feb. 9, 2024, 9:37 a.m.