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Epic Games Files New Appeal with the US Supreme Court Against Apple
In a recent development, Epic Games has petitioned the US Supreme Court to review a prior ruling that exonerated Apple from breaching antitrust laws governing its App Store. The original appeal, filed in July, sought to prevent Apple from restricting developers' ability to direct users to external payment systems, but was rejected in August. Epic Games is now seeking a ruling on the broader impli…
Sept. 29, 2023, 9:22 a.m.
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Epic Games Announces Significant Layoffs Affecting Over 800 Employees
Epic Games has confirmed that it will be reducing its workforce by approximately 830 employees, representing about 16% of the company's total staff. Additionally, around 250 employees will be leaving the company due to the sale of Bandcamp and the spin-off of SuperAwesome. According to Epic CEO Tim Sweeney, the company has been overspending and is now undergoing a transition to achieve financial …
Sept. 29, 2023, 8:42 a.m.
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September 2023 Gaming Industry Roundup: ESA Appoints Christianna Barnhart as SVP of Government Affairs
The gaming industry has seen a flurry of new appointments and transitions in recent times. To help keep track of these developments, we've compiled the key updates in this roundup. If your company has any new appointments or transitions to share, please send the details to newhires@gamesindustry.biz. Recent announcements include My.Games appointing Elena Grigorian as its new CEO, replacing Vladim…
Sept. 28, 2023, 7:29 p.m.
News
FIFA 23 Removed from Online Stores by EA
Electronic Arts has taken down FIFA 23 from all online stores. Existing owners of the game's digital version can continue to play it both offline and online. According to a report by Ars Technica, this move aligns with EA's practice of delisting older football titles. For instance, FIFA 22 was removed from digital stores nearly seven months after FIFA 23's release, while FIFA 21 was taken down fr…
Sept. 28, 2023, 4:54 p.m.
News
Xsolla Acquires AcceleratXR to Enhance Multiplayer Capabilities
Xsolla, a leading provider of payment and other services to the gaming industry, has acquired AcceleratXR, a company specializing in in-game server backend solutions for live service games. Founded in 2018, AcceleratXR offers multiplayer support for online games, applications, and extended reality experiences. By acquiring AcceleratXR, Xsolla aims to enable developers and publishers to create sea…
Sept. 28, 2023, 2:52 p.m.
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Sega Cancels Creative Assembly's Hyenas as Part of Restructuring Efforts
In a recent announcement, Sega revealed the cancellation of Hyenas, an upcoming title from Creative Assembly, citing 'structural reforms' as the primary reason. This decision is attributed to a rapidly shifting business landscape, marked by declining demand for stay-at-home entertainment following the COVID-19 pandemic and the ongoing economic downturn in Europe fueled by inflation. The cancellat…
Sept. 28, 2023, 2:22 p.m.
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Ryan Cohen Appointed as GameStop's New CEO
GameStop, a leading video game retailer, has officially announced the appointment of Ryan Cohen as its new president and chief executive officer, as elected by the company's board of directors. Notably, Cohen will not receive any compensation for his new role, although the reason behind this decision has not been disclosed. Cohen initially joined GameStop's board of directors in January 2021, aft…
Sept. 28, 2023, 2:14 p.m.
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FTC Announces New In-House Hearing to Challenge Microsoft's Acquisition of Activision
The Federal Trade Commission is restarting its efforts to block Microsoft's $69 billion purchase of Activision Blizzard, as revealed in a recent court document. According to the filing, the FTC believes it is in the public's best interest to resolve this matter promptly. The hearing is set to begin 21 days after the US Court of Appeals for the Ninth Circuit issues its opinion on the appeal regard…
Sept. 28, 2023, 1:05 p.m.
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Valve's Appeal Against EU Antitrust Decision Rejected
The European General Court has upheld the European Commission's ruling that Valve breached EU competition laws. In 2021, Valve and five major video game publishers, including Focus Home Interactive, ZeniMax, Koch Media, Capcom, and Bandai Namco, were collectively fined €7.8 million for engaging in unlawful geo-blocking practices. Valve contested the decision, arguing that it should not be held ac…
Sept. 28, 2023, 9:33 a.m.
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Jim Ryan Announces Retirement as PlayStation CEO
Sony has announced that Jim Ryan, the CEO and president of PlayStation, will be retiring by the end of the year. He will be temporarily succeeded by Hiroki Totoki, who currently serves as the President, COO, and CFO of Sony Group Corporation. Totoki is set to take on the role of SIE chairman starting next month. With a 30-year tenure at PlayStation, Ryan has been instrumental in launching several…
Sept. 27, 2023, 10:13 p.m.