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July 2023 Jobs Roundup: Notable Hires in the Gaming Industry
Staying up-to-date with the latest industry movements can be challenging, which is why we've compiled the key appointments and transitions in this roundup. To submit new hires or company changes, please email the relevant details to newhires@gamesindustry.biz. Recent hires include Hugo Bustillos, who has joined Kepler Interactive as senior communications manager, bringing his experience from CI G…
July 28, 2023, 7:49 p.m.
News
Twitch Viewership Experiences a 3% Decline in June
In June, Twitch recorded a total of 1.7 billion hours of viewership. This marks a 3% decrease from the previous month, as reported in the State of the Stream report by StreamElements and Rainmaker.gg. Despite the month being shorter, daily viewership hours have consistently increased over the past four months since March. The launch of Blizzard's Diablo 4 on June 5 propelled it to the top of the …
July 28, 2023, 7:15 p.m.
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Activision Takes Legal Action Against TikTok Personality
In a recent development, dated August 15, 2023, Activision Blizzard has decided to drop its lawsuit. The original story, dated July 28, 2023, revolves around Activision seeking a declaratory judgment against a popular TikTok personality who had threatened to sue the company for using an audio clip without obtaining prior consent. According to a complaint filed with the Los Angeles Federal…
July 28, 2023, 1:32 p.m.
News
Epic Games Escalates Legal Battle with Apple to US Supreme Court
Epic Games has submitted a petition to the US Supreme Court, seeking to uphold a prior ruling that prohibits Apple from preventing app developers from redirecting users to payment systems outside of the Apple ecosystem. According to Reuters, Epic is requesting that the Supreme Court overturn a decision made by the Ninth Circuit Court of Appeals earlier this month, which paused the original injunc…
July 28, 2023, 9:08 a.m.
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Germany Sees 15% Rise in Game Companies in 2022
Germany's game industry witnessed a significant 15.5% year-over-year growth in the number of game companies, with the total count reaching 908, as reported by the German Games Industry Association. This substantial increase marks a 46% rise compared to 2020, based on data compiled by Game in collaboration with Goldmedia from May 2022 to May 2023. The sector also saw a 7% increase in employment am…
July 28, 2023, 8:41 a.m.
News
GameStop Experiences CFO Departure
GameStop is currently without a CEO and will soon be without a CFO, as Diana Saadeh-Jajeh has announced her resignation, set to take effect on August 11. Saadeh-Jajeh's tenure as CFO has lasted just over a year, having taken on the role during a period of significant restructuring in July of the previous year, which also saw the departure of her predecessor, Mike Recupero. Recupero, like Saadeh-J…
July 27, 2023, 8:53 p.m.
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Global PlayStation 5 Sales Exceed 40 Million Units
The PlayStation 5 has achieved a significant milestone, with worldwide sales surpassing 40 million consoles, as announced by Sony. In comparison to its predecessor, the PlayStation 4, which reached the same sales figure two months earlier, the PS5's sales were hindered by component shortages that limited supply during its first two years on the market. However, the console is now widely available…
July 27, 2023, 1 p.m.
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Capcom Sees $313m in Q1 Sales, Fueled by Street Fighter 6 and Resident Evil 4
Capcom has unveiled its financial report for the first quarter of its fiscal year, highlighting the significant impact of its recent releases. The company's net sales have surged by 74% year-over-year to ¥43.8 billion ($313 million), driven primarily by the success of Street Fighter 6 and the Resident Evil 4 remake. Key figures for the quarter ending June 30, 2023, include the impressive performa…
July 27, 2023, 10:54 a.m.
News
Leading Industry Players Join Forces at the GI Investment Summit During PAX
Several prominent investors and publishers have confirmed their participation in the upcoming GamesIndustry.biz Investment Summit at PAX, set to occur next month. The Seattle Convention Center will host the event on Thursday, August 31st, with tickets currently available for purchase starting at $50 plus a booking fee. To date, over 20 game developers have registered for the summit, seeking t…
July 26, 2023, 3:13 p.m.
News
Valhalla Ventures Introduces $66 Million Investment Initiative
Valhalla Ventures has announced the launch of a $66 million investment fund focused on the gaming and tech sectors. The primary objective is to provide financial backing to underserved game development projects that prioritize social interaction. Founded in 2020 by Devan Malhotra, Matthew King, and Rohan Pujara, Valhalla Ventures is committed to its unique approach. As stated by Malhotra, "Man…
July 26, 2023, 2:45 p.m.