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Barnyard Games Raises $3.4 Million in Seed Funding
Barnyard Games, a recently launched game development studio, has successfully secured $3.4 million in its initial funding round. The studio's primary objective is to create high-quality, AAA titles by leveraging the Unreal Editor for Fortnite. The funding round was led by Menlo Ventures, with participation from BetaWorks, Alumni Ventures, and Charge VC. The founding team comprises industry vetera…
Dec. 14, 2023, 6:26 p.m.
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A24 and Kojima Productions Collaborate on Live-Action Death Stranding Film
Kojima Productions, under the leadership of Hideo Kojima, has partnered with A24 to produce a live-action film adaptation of Death Stranding. The game, initially released in 2019, surpassed 10 million players by November 2022. Hideo Kojima expressed his admiration for A24, stating that their unique approach to filmmaking and commitment to quality align with Kojima Productions' values. This collab…
Dec. 14, 2023, 4:16 p.m.
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The Demise of E3: What's Next for the Gaming Industry?
The demise of E3 marks the end of an era for the gaming industry, leaving many to wonder what the future holds. With the rise of digital events and direct-to-consumer channels, the need for a physical trade show has diminished. However, the loss of E3 is still felt, particularly in terms of its ability to bring the industry together and provide a platform for mainstream attention. As the industry…
Dec. 14, 2023, 3:23 p.m.
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MyGamez Secures €1.5 Million in Latest Funding Round
MyGamez has successfully raised €1.5 million in its latest private funding round. Notable investors included Mikko Kodisoja, co-founder of Supercell, Timo Soininen, co-founder of Small Giant Games, Ilkka Teppo, co-founder of Reworks, and Daniel Wang, former head of operations at Riot China. According to Mikael Leinonen, co-founder and CEO of MyGamez, "Following a period of turbulence, the regul…
Dec. 14, 2023, 3:22 p.m.
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Asia and MENA to Spend $78.5 Billion on In-Game Purchases by 2023, Reports Niko Partners
According to a recent study by Niko Partners, in-game purchases will account for 87.8% of the $89.4 billion gaming market in Asia, the Middle East, and North Africa. The total spend on in-app purchases is projected to be $78.5 billion, with $7.8 billion attributed to premium games and $3.1 billion to subscription services. The survey found that 62.3% of respondents purchased premium games in the …
Dec. 14, 2023, 12:19 p.m.
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Thunderful Revamps Leadership Team
Thunderful has undergone a significant leadership restructuring, marked by the departure of Chief Games Officer Agostino Simonetta and the appointment of four new executives to key positions. Claire Boissiere, formerly VP of Studios, has been elevated to Executive Vice President of Studios and Development, while also retaining her role as Jumpship's Studio Director. Harriet Hughes, previously VP …
Dec. 14, 2023, 11:19 a.m.
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Netflix Expands Gaming Portfolio with 90 Titles in Development
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Dec. 14, 2023, 9:51 a.m.
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Hasbro to Eliminate Approximately 1,100 Jobs
Hasbro, the parent company of Wizards of the Coast, has announced plans to cut around 1,100 positions. This move comes in addition to the nearly 800 jobs that have already been eliminated across the company. In a message to employees, Hasbro stated that reducing the workforce was a necessary step to ensure the company's long-term health. The firm noted that despite achieving some significant succ…
Dec. 13, 2023, 9:44 p.m.
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ESA CEO Explains Decision to End E3, Citing Evolving Industry Requirements
In the wake of the ESA's decision to discontinue E3, CEO Stanley Pierre-Louis revealed that game developers have adapted various strategies to promote their products, catering to their specific business needs. During an interview with GamesBeat, Pierre-Louis reflected on the factors that led to the event's cancellation. Without providing a direct answer, he suggested that the decision was par…
Dec. 13, 2023, 8:30 p.m.
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US Gaming Spending Sees 7% Decline in November
According to Circana's latest monthly report on US gaming spending, the industry experienced a downturn in November, with total spending decreasing by 7% to $5.87 billion. The decline was largely driven by a 24% drop in hardware sales, which fell to $964 million, and a 3% decrease in game content spending, totaling $4.6 billion. The latter was attributed to a tough comparison with last year's rel…
Dec. 13, 2023, 4:05 p.m.