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Nintendo Switch 2 Predicted to Dominate Next-Gen Consoles
The gaming industry is poised for significant growth in 2025, driven by the highly anticipated releases of the Nintendo Switch 2 and Grand Theft Auto 6, according to a recent report by DFC Intelligence. The market research firm's annual report and forecast, released last week, suggests that Nintendo will emerge as the clear leader in the next-generation console market, outperforming both Sony and…
Dec. 23, 2024, 3:13 p.m.
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Amazon Orders Second Season of Secret Level
Amazon has confirmed the renewal of Secret Level for a second installment. According to Variety, the platform revealed that the show garnered the highest viewership for an animated series premiere within its first week of release. Details about the intellectual properties to be featured in the upcoming season are yet to be disclosed. The inaugural season included narratives from the universes of …
Dec. 23, 2024, 2:02 p.m.
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Gaming Industry Outlook for 2025: Experts Weigh In
The gaming industry is poised for significant changes in 2025, with the Nintendo Switch 2 and GTA 6 expected to dominate the market. AI will continue to play a larger role in game development, while live-service titles will face increased competition from new releases. Portable gaming is on the rise, with Nintendo, Microsoft, and Sony all investing in handheld consoles. The use of generative AI, …
Dec. 23, 2024, 1:33 p.m.
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Nintendo of America's Don James to Receive AIAS Lifetime Achievement Award
The Academy of Interactive Arts & Sciences has revealed that Don James, a longtime Nintendo of America executive, will be the recipient of the AIAS Lifetime Achievement Award. According to VGC, James will accept the honor at the 28th annual DICE Awards on February 13, 2025. With a career spanning four decades, James joined Nintendo of America in 1981 as executive vice president of operations and …
Dec. 23, 2024, 12:13 p.m.
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GI Microcast: Reflecting on 2024
You can now access the latest installment of The GamesIndustry.biz Microcast. In our second-to-last episode of the year, we delve into the most significant developments of the past year, including widespread layoffs and studio closures, the challenges faced by live service games, Xbox's transformation, shifting definitions of success, and other key topics. The episode also features What Do Th…
Dec. 23, 2024, 11:19 a.m.
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Aonic Raises Over €150 Million in Funding
Aonic has successfully secured a significant investment of €152 million through a partnership with Metric Capital Partners and Active Ownership. Metric Capital Partners contributed €100 million, while Active Ownership converted €52 million from a shareholder loan. The funds will be utilized to support Aonic's portfolio of subsidiaries, including nDreams, OtherSide Entertainment, and Exmox, as wel…
Dec. 23, 2024, 11:17 a.m.
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Hothead Games Ceases Operations
Vancouver-based game development studio Hothead Games has officially ceased operations. The news was announced by CEO and President Ian Wilkinson on LinkedIn, stating that the studio shut down on December 13 after filing for bankruptcy. According to Wilkinson, the studio had a promising AAA game project in development, with plans to release mobile and console/PC versions with different publishers…
Dec. 23, 2024, 9:52 a.m.
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Epic Games' Board Sees Resignation of Tencent Directors Following US Justice Department Concerns
Following concerns raised by the US Justice Department, two directors from Tencent have stepped down from their positions on Epic Games' board of directors. The department's website posted a statement highlighting the issue, citing a potential breach of Section 8 of the Clayton Act, an antitrust law aimed at protecting consumers from harmful practices. This law stipulates that directors should no…
Dec. 19, 2024, 9:45 p.m.
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Twitch Viewing Hours Remain Steady in 2024 with 18.9 Billion Hours
Twitch has seen a stable year-over-year watch time, with 18.9 billion hours viewed in 2024, compared to 18.5 billion in the previous year. According to StreamElements' State of the Stream 2024 report, which utilized data from Rainmaker.gg, the lack of growth may be attributed to creators shifting to other platforms or adopting multistreaming to expand their audience. The daily hours watched in Q4…
Dec. 19, 2024, 9:01 p.m.
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Australia's Gaming Industry Sees Steady Employment with $211.9m Revenue in 2024
In 2024, the Australian video game sector achieved a revenue of $339.1m AUD, equivalent to $211.9m USD. Despite global challenges in game development, the industry maintained steady full-time employment with 2,465 developers, and 61% of studios plan to recruit new talent in the coming year. Moreover, 81% of respondents expect their studio's workforce to remain stable or grow in 2025. The Interact…
Dec. 19, 2024, 7:37 p.m.