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Redundancies Affect Kotaku Staff Amidst Company-Wide Layoffs
G/O Media has undertaken a company-wide restructuring effort, impacting its various publications, including the gaming website Kotaku. According to a report by Adweek, this move has led to 23 job losses across G/O Media's sites and the closure of Jezebel, a women's culture outlet, after 16 years in operation. G/O Media's CEO, Jim Spanfeller, announced the decision to staff earlier, although the e…
Nov. 9, 2023, 9:11 p.m.
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Steam Deck OLED Launch Set for November 16
Valve has officially announced the upcoming release of its Steam Deck OLED gaming console, scheduled to ship on November 16. The device boasts a 7.4-inch display with enhanced color vibrancy and weighs approximately 5% less than the standard model. Notably, the Steam Deck OLED promises 30-50% longer battery life compared to its predecessor and supports faster game downloads via Wifi 6E. The conso…
Nov. 9, 2023, 7:31 p.m.
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Warner Bros to Diversify Gaming Portfolio with Live Service and Free-to-Play Models
Warner Bros Discovery has announced a 2% year-over-year increase in Q3 revenue, reaching $10 billion. The company plans to expand its gaming IPs into live service and free-to-play offerings, as stated by CEO David Zaslav during the earnings call. Zaslav emphasized the goal of transforming major franchises into 'always-on' experiences with multi-platform and free-to-play extensions, aiming to incr…
Nov. 9, 2023, 3:42 p.m.
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Sony Postpones Release of Six Live Service Games
Instead of the initially planned 12 live service titles, Sony will now launch only six by March 2026. This adjustment was confirmed by Hiroki Totoki, Sony's COO and CFO, during the company's Q2 earnings call, as reported by Seeking Alpha. The reason behind this change is attributed to concerns over the quality of the games. Totoki emphasized that the company's long-term goal remains unchanged, pr…
Nov. 9, 2023, 3:29 p.m.
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Nintendo Delays Launch of New Development Facility
The launch of Nintendo's new development facility has been pushed back to 2028, as the company has opted to expand its plans. In a statement to investors, Nintendo announced that its initial timeline to complete construction by 2027 has been adjusted due to a decision to 'scale up the building.' Nintendo emphasized that this second development center will be crucial in bolstering its research and…
Nov. 9, 2023, 2:12 p.m.
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Sony Reports Q2 2023 Results: PlayStation 5 Ships 4.9 Million Units
Sony has unveiled its Q2 2023 financial results, showcasing a significant surge in overall revenue driven by substantial growth in its gaming, music, and film divisions. Key financial highlights include: Revenue: Up 8% to ¥2.8 trillion ($18.5 billion), Net income: Down 29% to ¥200 billion ($1.32 billion), and Game and network service sales: Up 32% to ¥954 billion ($6.31 billion). The company attr…
Nov. 9, 2023, 1:13 p.m.
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Epic Declines $147 Million Offer to Bring Fortnite to Google Play
The ongoing Epic vs Google antitrust trial has shed light on a previous disagreement between the two companies regarding Fortnite's initial launch on Google Play, including a $147 million deal proposed by Google. In 2018, Epic Games CEO Tim Sweeney stated that Fortnite would not be released on Google Play due to the '30% store tax' being a significant cost. Instead, the company planned to release…
Nov. 9, 2023, 10:49 a.m.
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Activision Blizzard Shifts Focus Away from Overwatch League
Activision Blizzard has confirmed that it is discontinuing the Overwatch League. In a statement, the company revealed that it is "transitioning" away from the league and intends to take competitive Overwatch in a fresh direction. The company expressed gratitude to those who contributed to the OWL and stated that it remains committed to developing its esports program. The news follows the departur…
Nov. 9, 2023, 9:30 a.m.
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AppsFlyer Takes Over Devtodev
AppsFlyer has successfully acquired Devtodev, a leading analytics platform for app and game developers. This strategic acquisition is set to enhance AppsFlyer's product portfolio and business operations. Devtodev's capabilities will be seamlessly integrated into AppsFlyer's privacy cloud marketplace, further expanding its offerings. Established in 2014, Devtodev boasts an impressive array of t…
Nov. 8, 2023, 9:56 p.m.
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Take-Two's Quarterly Losses Widen to $543.6 Million
Take-Two has unveiled its second-quarter financial results, revealing a net loss of $543.6 million. This figure represents a 111.5% increase compared to the $257 million loss recorded during the same period last year. Although net revenue and net bookings experienced a slight decline, the company noted that these figures align with its previous guidance. Take-Two has reaffirmed its full-year reve…
Nov. 8, 2023, 9:34 p.m.