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Lawsuit Filed Against Take-Two Interactive Over Non-Transferable Virtual Currency
Take-Two Interactive and its subsidiary 2K Games are embroiled in a class action lawsuit, with allegations of theft and deceptive business practices stemming from the non-transferable nature of virtual currency in their games. The lawsuit, filed in a California federal court, claims that when servers for older games are shut down, players lose their virtual currency without warning or compensatio…
Nov. 28, 2023, 2:29 p.m.
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ByteDance Announces Withdrawal from Gaming Sector Following Nuverse Restructuring
According to reports, ByteDance, the parent company of TikTok, is planning to exit the gaming industry as part of a broader restructuring effort. The decision was made after a thorough review of the company's businesses, with a focus on long-term strategic growth areas. A spokesperson stated, 'We regularly assess our operations and make necessary adjustments to prioritize areas that drive long-te…
Nov. 28, 2023, 11:03 a.m.
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Bandai Namco Expands Portfolio with Investments in Flickplay and Code Charm
Bandai Namco has made strategic investments in two innovative US-based companies, Flickplay and Code Charm. Flickplay, a California-based firm, offers a unique platform where users can buy digital collectibles for use in mini-games and augmented reality experiences. This investment builds upon Bandai Namco's earlier support for Flickplay during its seed funding round. Code Charm, a Texas-based so…
Nov. 28, 2023, 10:27 a.m.
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EA Sports FC 24 Regains Top Spot in UK Boxed Charts for Black Friday
EA Sports FC 24 has reclaimed the number one position in the UK charts during Black Friday week, surpassing Hogwarts Legacy to take the top spot. The game experienced a significant 101% surge in sales, primarily driven by PS5 sales. According to GfK, this increase contributed to a 7% rise in overall physical game sales in the UK compared to the previous year's Black Friday event. Call of Duty: Mo…
Nov. 28, 2023, 9:25 a.m.
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UK Video Game Technology Generated £1.3 Billion for Non-Gaming Sectors in 2021
According to a recent study by FTI Consulting and UKIE, the value of video game technology utilized by non-gaming industries in the UK reached £1.3 billion in 2021. The report highlights the 'spillover' effect of gaming tech, encompassing game engines, virtual reality, and 3D rendering software, which has a value comparable to the UK's timber, forestry, aluminum production, and cycling sectors co…
Nov. 28, 2023, 12:01 a.m.
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ReedPop Considers Selling Off Key Gaming Media Brands
ReedPop has announced that it is exploring the possibility of selling its Gamer Network division. This UK-based subsidiary comprises several prominent gaming media outlets, including GamesIndustry.biz, Eurogamer, Rock Paper Shotgun, VG247, and Dicebreaker, as well as stakes in Outside Xbox, Digital Foundry, and Hookshot. However, the sale will not affect ReedPop's UK-based events, such as EGX and…
Nov. 27, 2023, 2:15 p.m.
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Hamburg Games Conference 2024 Unveils Initial Speaker Lineup
The Hamburg Games Conference is set to take place in March 2024, with its inaugural set of speakers now announced. The conference's central theme will focus on investments in the gaming industry, featuring speakers who will share their expertise across two stages. Brjánn Sigurgeirsson, co-founder of Thunderful, will delve into the creation and maintenance of a thriving gaming brand. Meanwhile, So…
Nov. 27, 2023, 2:08 p.m.
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American Children Prioritize Gaming Subscriptions and Virtual Currency Over Physical Games This Holiday Season
The Entertainment Software Association's recent report reveals that 72% of American children are eager to receive gaming-related items for Christmas, with a notable preference for non-physical products. Among the over 500 surveyed youngsters aged 10 to 17, the majority plan to request gaming gifts for the holidays. The most sought-after gifts are subscriptions, with 39% of the vote, closely follo…
Nov. 27, 2023, 11:47 a.m.
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Upcoming Changes to the UK's Video Games Tax Relief
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Nov. 27, 2023, 10:04 a.m.
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Revolution Software Takes Top Honors at Game Republic's 20th Anniversary Awards
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Nov. 24, 2023, 3:28 p.m.