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US Regulator Appeals Microsoft-Activision Deal Despite Completion
The US Federal Trade Commission has filed an appeal to block Microsoft's acquisition of Activision Blizzard, valued at $68.7 billion, which was finalized in October. In a recent hearing before a three-judge panel at the Ninth Circuit US Court of Appeals, the FTC claimed that the initial ruling by district judge Jacqueline Scott Corley set an excessively high standard. According to Imad Abyad, the…
Dec. 7, 2023, 10:41 a.m.
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GameStop Reports Decline in Sales, Substantial Reduction in Losses
GameStop has released its financial results for the quarter ending October 28, 2023, revealing a decline in revenue, a notable decrease in losses, and limited additional information. Key highlights include: - Net sales of $1.08 billion, representing a 9% year-over-year decrease - A net loss of $3.1 million, compared to a $92.6 million loss in the same quarter of 2022 - Hardware and acce…
Dec. 6, 2023, 9:48 p.m.
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Versus Evil Founder Steve Escalante Announces Departure
Steve Escalante, the founder and general manager of Versus Evil, has revealed that he will be stepping down from his position at the company. Established in 2013, Versus Evil has published a range of titles including Jumpala, Wintermoor Tactics Club, and Eville. In addition to his role at Versus Evil, Escalante is also departing from Red Cerebus, an outsourcing development firm he founded in 2017…
Dec. 6, 2023, 6:32 p.m.
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Gaming Industry Outlook for 2024: How the Delay of GTA 6 Impacts Market Performance
The gaming industry had high hopes that Grand Theft Auto 6 would be released in 2024, but the announcement of its delay until 2025 has raised questions about the market's performance for the upcoming year. The absence of this highly anticipated game, combined with the potential launch of a new Nintendo console, would have significantly boosted the global gaming market in 2024. However, analysts b…
Dec. 6, 2023, 4:14 p.m.
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Forecast: The US to Drive 40% of Mobile Gaming Revenue Growth in 2024
A recent report by Data.ai reveals that mobile gaming revenue is expected to rise by 4% year-over-year, reaching $111.4 billion in 2024. This growth is anticipated despite a predicted 3% decline in consumer spending in 2023, to $107.5 billion. The surge in popularity of certain genres, including RPGs, match-three titles, and party games, is expected to contribute significantly to this growth, wit…
Dec. 6, 2023, 11:52 a.m.
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GTA 6 Trailer Sets New Record as Fastest-Viewed Game Reveal in History
Updated, December 6, 2023: The inaugural trailer for GTA 6 has shattered multiple records, amassing over 100 million views since its launch yesterday, with a precise count of 102 million at the time of writing. According to Guinness World Records, as announced on social media, it has become the most viewed video game reveal on YouTube within a 24-hour period. Original story, December 5, 2023: The…
Dec. 6, 2023, 11:03 a.m.
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Bandai Namco Expands UK Presence with Three New Store Openings
Bandai Namco is further expanding its retail footprint in the UK with the launch of three additional stores this month. The first store, set to open in Ealing, will offer a range of products including Gashapon capsule toys, Ichibankuji ticket prizes, and Sun-Star Stationery, starting from tomorrow. Meanwhile, Brighton's North Street will welcome a new store on December 12, featuring arcade games …
Dec. 6, 2023, 9:43 a.m.
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Twitch to Discontinue Services in South Korea by 2024
Twitch has announced plans to discontinue its operations in South Korea, effective February 27, 2024, due to excessively high operational expenses. In a recent blog post, CEO Dan Clancy revealed that despite efforts to reduce costs, such as downgrading stream quality to 720p, the company's network fees in Korea remain substantially higher than in other countries. As a result, Twitch has deemed it…
Dec. 6, 2023, 8:59 a.m.
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Retail Sales Decline Following Black Friday | Latest UK Boxed Charts
EA Sports FC 24 held its position at the top of the UK boxed charts, with Hogwarts Legacy following closely, although both experienced a minor sales slump. According to GfK's report, every title in the Top Ten saw a decline in sales as the Black Friday promotions drew to a close. Super Mario Bros Wonder regained its spot in the Top Three, while Assassin's Creed: Mirage fell out of the Top Ten, dr…
Dec. 5, 2023, 2:43 p.m.
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Learn How to Safeguard Children in Online Gaming Environments This Week
Registration is still open for this week's complimentary webinar, which examines methods for video game companies to identify and prevent harm to children in online gaming. On Thursday at 6:30pm GMT/1:30pm ET, GamesIndustry.biz, Modulate, and the Tech Coalition will collaborate on a one-hour discussion titled 'Play Safe, Play Smart: Navigating Child Safety in Gaming Communities'. Registration is…
Dec. 5, 2023, 2 p.m.