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New Zealand's Gaming Sector Sees 7% Growth, Reaching $270.9 Million in 2023
In the financial year ending March 2023, New Zealand's gaming industry generated a revenue of NZD $434.4 million, equivalent to $270.9 million. This figure represents a 7% year-over-year increase, as reported by the New Zealand Game Developers Association. The growth is notably smaller compared to the 47% increase seen in the previous financial year. The NZGDA attributes this modest growth to fac…
Dec. 19, 2023, 12:30 p.m.
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Sea of Stars Surpasses 4 Million Players
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Dec. 19, 2023, 8:27 a.m.
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Tencent Dissolves Team Kaiju Studio
Tencent has officially closed down Team Kaiju, a subsidiary of the TiMi Studio Group based in North America. Established in 2020, the studio had been developing a major multiplayer title under the guidance of industry veterans Rosi Zagortcheva and Scott Warner, who previously worked on notable franchises such as Halo and Battlefield. The shutdown of Team Kaiju also resulted in the cancellation of…
Dec. 18, 2023, 9:37 p.m.
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Report: 3D Realms and Slipgate Ironworks Impacted by Layoffs
According to recent social media updates from Scott Miller, founder of Apogee Entertainment and 3D Realms, both 3D Realms and Slipgate Ironworks have undergone significant staff reductions as part of Embracer's ongoing restructuring efforts. Miller expressed his disappointment, stating that multiple sources have informed him of the layoffs, which he found particularly disheartening given his past…
Dec. 18, 2023, 8:14 p.m.
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Australian Gaming Industry Generates AU$345.5 Million in Revenue
Australia's gaming market has achieved a significant revenue of AU$345.5 million, marking a 21% increase from the previous year. This data is based on the latest Australian Game Developer Survey conducted by the Interactive Games and Entertainment Association (IGEA). The survey also indicates that the Australian gaming industry currently employs approximately 2,458 people, representing a 17% year…
Dec. 18, 2023, 7:05 p.m.
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Veteran Actor James McCaffrey, Known for Max Payne, Passes Away
Renowned actor James McCaffrey, best known for portraying the iconic character Max Payne, has passed away at the age of 65. According to reports from TMZ, confirmed by his representative, McCaffrey had been diagnosed with multiple myeloma, a type of bone marrow cancer. Despite his courageous fight, he succumbed to the condition on December 17, surrounded by loved ones. With a career spanning 35 y…
Dec. 18, 2023, 4:06 p.m.
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2023's Top Games | Latest Podcast Episode
In our year-end podcast, the GamesIndustry.biz team comes together to share their top game picks from the past year. If you've already read our in-depth Games of the Year features, this discussion provides a recap and also acknowledges some honourable mentions. The team delves into a wide range of games, including the calming experience of Pikmin 4, the open-world adventures of Baldur's Gate …
Dec. 18, 2023, 3:43 p.m.
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UK Antitrust Authority to Revive Cloud Gaming Inquiry in January
The Competition and Markets Authority in the UK is set to recommence its probe into the cloud gaming and mobile browser sectors on January 24, following a temporary halt in May due to objections from Apple and Google, as well as a dispute with the UK's Competition Appeal Tribunal. However, Apple failed to meet its deadline to raise further objections. This development comes after the regulator re…
Dec. 18, 2023, 3:30 p.m.
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Godus and Godus Wars Removed from Steam Store
The developer 22cans has delisted Godus and Godus Wars from Steam. In a statement posted on the Steam pages of both games, the company cited a technical change from a business partner as the reason for the removal. "Unfortunately, an upcoming technical change to Amazon Web Services will impact our ability to provide necessary game files to new users, so we are withdrawing these titles from the St…
Dec. 18, 2023, 2:38 p.m.
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Embracer Secures Extended Credit and Loan Agreements as Part of Ongoing Restructuring Efforts
Embracer Group has announced the extension of its credit and loan facilities until 2025, following agreements with its primary credit provider and loan facilitator. The extended arrangements, valued at SEK 1.7 billion ($166.2 million), will see Embracer make quarterly minimum payments from the first quarter of the 2024/25 financial year until January 2025, totaling SEK 2.6 billion ($254.1 million…
Dec. 18, 2023, 12:03 p.m.