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Japanese Gaming Market Reaches $3 Billion in 2023
Japan's physical gaming market saw significant growth in 2023, with nearly $3 billion spent on games and hardware, according to Famitsu's annual report. From December 26, 2022, to December 31, 2023, total sales of physical gaming products reached ¥403.8 billion ($2.7 billion), marking a 7.8% increase from the previous year's ¥384.6 billion ($2.5 billion). The Legend of Zelda: Tears of the Kingdom…
Feb. 5, 2024, 12:41 p.m.
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Eggspace Entertainment Secures $4.25 Million in Seed Funding
Eggspace Entertainment, a pioneering mixed reality game development studio, has successfully raised $4.25 million in its seed funding round. The funding round was led by Transcend Fund, with additional participation from The Venture Reality Fund and angel investor Lautaro Brunatti. The newly established studio aims to allocate the funds towards the release of its flagship title, Eggscape. Founded…
Feb. 2, 2024, 5:13 p.m.
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Study Reveals 95% of Game Studios Are Developing or Releasing Live Service Games
According to a recent report by Griffin Gaming Partners, in collaboration with Rendered VC, a staggering 95% of game developers are either currently working on or planning to release a live service game. The 2023 Game Development Report surveyed 537 studios worldwide, with 66% of respondents agreeing that live services are crucial for achieving long-term success with a game title. The report defi…
Feb. 2, 2024, 4:09 p.m.
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Scotland Approves Nationwide Gaming Strategy
The Scottish government has pledged its support for a national gaming strategy, aiming to bolster the industry's growth within the country. In collaboration with the Scottish Games Network, Techscaler, and CodeBase, the government intends to establish a more vibrant gaming ecosystem, enhancing the nation's capacity to effectively support the sector as it expands and evolves. Although details of t…
Feb. 2, 2024, 10:40 a.m.
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Like a Dragon: Infinite Wealth Smashes Franchise Sales Records
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Feb. 2, 2024, 9:41 a.m.
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Nordcurrent Acquires Cinemaware's Game Portfolio
Nordcurrent, a mobile gaming company, has purchased the Cinemaware game portfolio from Starbreeze Entertainment, expanding its offerings with classic titles such as Defender of the Crown, Wings, and S.D.I. According to Nordcurrent CEO Victoria Trofimova, "The acquisition of Cinemaware's portfolio is a significant milestone in our mission to establish a strong PC and console games division, enab…
Feb. 1, 2024, 10:04 p.m.
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Genshin Impact Surpasses $5 Billion in Record Time
Genshin Impact has broken records by reaching $5 billion in consumer spending faster than any other mobile game, as revealed in a recent report by Data.ai. The game achieved this impressive revenue figure in just 40 months following its launch in September 2020. In comparison, it took Clash of Clans 51 months to reach the same milestone. The report, which tracked in-app purchases through the App …
Feb. 1, 2024, 9:27 p.m.
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Co-Founders of Supermassive Games Depart the Company
The co-founders of Supermassive Games, Pete and Joe Samuels, have announced their departure from the company. The news was shared on social media, where Pete Samuels stated that he and his brother have decided to leave the gaming industry. According to Samuels, the decision to step down was made for health reasons and was not taken lightly. He expressed his pride in what they founded and his ad…
Feb. 1, 2024, 8:23 p.m.
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RAFA Racing Club Expands Capabilities with Grid Finder Acquisition
In a significant move, RAFA Racing Club has taken over Grid Finder, a prominent online racing community service platform. The acquisition, valued at £3 million, is set to enhance Grid Finder's platform by incorporating more broadcasters, sim racing tools, and engineers, as well as developing technology tailored to RAFA's brands. As a car enthusiast hub based in Houston, RAFA Racing Club striv…
Feb. 1, 2024, 7:15 p.m.
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Unveiling GamesIndustry.biz's Black Voices Progress Report
To commemorate the beginning of Black History Month, GamesIndustry.biz launches its Black Voices Progress Report. Throughout the month, a series of articles will delve into the experiences of Black professionals in the gaming sector, offering a glimpse into their unique journeys. While the industry has made strides in diversity, there is still a significant gap to bridge, with Black individuals c…
Feb. 1, 2024, 5 p.m.