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Studio Sai Raises $7 Million in Seed Funding
Studio Sai has successfully secured $7 million in funding through a seed round. Krafton, the publisher of PUBG, led the investment, with additional support from Hypergryph. The newly acquired funds will be used to drive the development of the studio's second game. Founded in 2020 by Jae Hyun Yoo, Studio Sai's team is led by an experienced industry veteran who has previously worked with notable co…
Oct. 4, 2023, 4:04 p.m.
News
Sad Cat Studios Secures $5 Million in Funding
Sad Cat Studios has revealed a significant $5 million investment, courtesy of GEM Capital. This infusion of funds will be utilized to drive the development of upcoming projects. A portion of the investment is earmarked for the launch of Replaced, the studio's highly anticipated platformer, which has been rescheduled for release in 2024. Initially unveiled in 2021, Replaced represents a major mile…
Oct. 4, 2023, 3:38 p.m.
News
Krafton Introduces India Gaming Incubator Initiative
Krafton India has introduced a novel initiative aimed at nurturing local gaming talent. According to a report by Tech Crunch, the Krafton India Gaming Incubator is designed to provide support to six to ten domestic game development teams each year, with the program duration spanning between six months to a year. Participating developers will receive guidance and financial backing, with fundin…
Oct. 4, 2023, 2:34 p.m.
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Warcraft Rumble Set for November Release
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Oct. 4, 2023, 1:47 p.m.
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Hutch Games Fined for Failing to Disclose Loot Box Information
The Advertising Standards Authority in the UK has upheld complaints against Hutch Games regarding their failure to disclose loot box information in the ads for two of their mobile games, F1 Clash: Car Racing Manager and Rebel Racing. The regulator found that the ads were misleading because they did not mention the presence of paid loot boxes in the games. Hutch Games had argued that disclosure wa…
Oct. 4, 2023, 1:46 p.m.
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Former Ubisoft Executives Detained Amid Ongoing Probe into Workplace Misconduct
French authorities have taken five former Ubisoft executives into custody following a lengthy investigation into allegations of sexual misconduct and harassment within the gaming company. According to reports from the French newspaper Libération, three of the former executives were detained yesterday, with the remaining two being taken into custody today. The list of those arrested includes forme…
Oct. 4, 2023, 12:36 p.m.
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Australian Game Developer Awards 2023: Stray Gods Takes Top Honors
The Australian Game Developer Awards 2023 have concluded, with Stray Gods: The Roleplaying Musical by Summerfall Studios emerging as the Game of the Year. The game also won awards for Excellence in Accessibility and Excellence in Music. Other notable winners include Moving Out 2 by SMG Studio, which won the Excellence in Gameplay award, and Gubbins by Studio Folly, which took home the Excellence …
Oct. 4, 2023, noon
News
Nintendo to Discontinue Wii U and 3DS Online Multiplayer Services by April 2024
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Oct. 4, 2023, 10:22 a.m.
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Ex-BioWare Employees File Lawsuit Over Insufficient Severance Pay
A lawsuit has been filed by a group of former BioWare employees who were laid off in August, citing inadequate severance packages. The Dragon Age and Mass Effect developer had let go of 50 staff members, citing 'changing studio needs.' Now, seven of the affected individuals have taken their case to Alberta's Court of King's Bench, arguing that the severance offer was unreasonably low. According t…
Oct. 4, 2023, 9:11 a.m.
News
Game Development Studio Dang Closes Its Doors
Dang, a New York-based game development studio, has announced its closure. The team of five, known for their 2021 first-person shooter Boomerang X, made the announcement on social media, stating that they were unable to secure funding for their next game and have depleted their resources. Although the team is disbanding, they have not ruled out the possibility of collaborating on smaller projects…
Oct. 3, 2023, 6:02 p.m.