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Current Investment Landscape in the Gaming Industry
The gaming industry experienced a surge in interest and investment during the pandemic, but the current market correction and global economic uncertainty have dramatically altered the environment for seeking finance. At the GamesIndustry.biz Investment Summit, a panel of experts analyzed the current investment landscape, noting that investors have become more cautious due to the tough economic en…
Sept. 21, 2023, 3:14 p.m.
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Liverpool Studios Unveil GameChangers Initiative to Foster New Talent
Liverpool City Region Mayor Steve Rotheram has launched the GameChangers declaration, a commitment to nurturing the next generation of game developers. The initiative seeks to establish new collaborations, funding opportunities, and educational pathways to develop talent in the industry. The GameChangers program, an initiative of the Combined Authority's Careers Hub, brings together game studios,…
Sept. 21, 2023, 2:43 p.m.
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Virtuos Establishes New Studio in Tokyo
Virtuos has announced the launch of Virtuos Tokyo, a new game development studio. The company aims to expand its business partnerships with Japanese game developers through this new studio. At the helm of Virtuos Tokyo are general manager Pierre Guijarro, who brings over 15 years of experience from companies like 2K, Koei Tecmo, and Wizcorp, along with business development manager Ryo Arai and he…
Sept. 21, 2023, 2:06 p.m.
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Over 37 Million People May Be Eligible for Refunds Following Epic Games' Settlement with the FTC
The US Federal Trade Commission has begun notifying over 37 million individuals that they may be entitled to compensation as part of Epic Games' settlement. In 2022, Epic Games was fined $520 million by the FTC, with $275 million allocated for violating the Children's Online Privacy Protection Act and $245 million for deceiving users into making unintentional purchases of virtual currencies and i…
Sept. 21, 2023, 1:28 p.m.
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Striking Distance Studios Founder Glen Schofield Departs
Glen Schofield, the founder of Striking Distance Studios, has announced his departure from the company to explore new opportunities. This move follows a series of significant events, including the voluntary departure of other key executives such as Stacey Hirata, the chief operating officer, and Johnny Hsu, the chief financial officer, as reported by Bloomberg. In the wake of Schofield's exit, St…
Sept. 21, 2023, 11:14 a.m.
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Motorfest Sets New Benchmarks for The Crew Series in Its First Week
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Sept. 21, 2023, 8:34 a.m.
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Crystal Dynamics Becomes Latest Embracer Studio to Implement Staff Reductions
Crystal Dynamics has reduced its workforce by ten employees, becoming the most recent studio under Embracer's ownership to undergo downsizing amidst the parent company's restructuring efforts. A statement shared on X revealed that the layoffs affected nine employees from the brand and marketing teams, along with one IT staff member. According to the company, this decision is part of an intern…
Sept. 21, 2023, 8:27 a.m.
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Amber Expands Global Reach with New Studios in Taiwan and the Philippines
Amber, a leading game development company, has unveiled the launch of its inaugural studios in Taiwan and the Philippines, marking a significant milestone in its global expansion strategy. These new locations are integral to Amber's plans to bolster its international operations and reinforce its position in the gaming industry. The Taiwan studio, under the leadership of General Manager Jason Ch…
Sept. 20, 2023, 9:08 p.m.
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Spectarium Secures €5 Million in Seed Funding
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Sept. 20, 2023, 7:53 p.m.
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Apple Introduces Region-Specific Pre-Order Option for Mobile Game Developers
Apple is set to enable mobile game developers to offer pre-orders for their upcoming titles in specific regions. This move allows developers to customize their game launches according to different regional markets. As stated in Apple's revised guidelines, "New apps can be released between 2 to 180 days after the pre-order goes live, while existing apps can enter new regions between 2 to 365 d…
Sept. 20, 2023, 6:48 p.m.