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Unity Issues Apology for Divisive Runtime Fee, Vows to Revise Policy
Following intense backlash from the development community, Unity has pledged to reform its recently announced policy of charging developers a fee per game installation. The company has acknowledged the concerns of developers, who fear the proposed fees could severely impact their financial stability, as well as the retroactive changes to the original agreement. In a public apology, Unity expresse…
Sept. 18, 2023, 8:34 a.m.
News
Arm Sees 25% Surge in IPO Debut
Arm, a leading semiconductor company, made a remarkable entrance on the Nasdaq Fund Network, with its stock price soaring to $63.59 on its first day of trading, significantly higher than its initial public offering price of $51. In an interview with the Wall Street Journal, Peter Garnry, head of equity strategy at Saxo Bank, credited the substantial increase to the high level of participation fro…
Sept. 15, 2023, 8:13 p.m.
News
Ubisoft Montreal Introduces Mandatory Office Attendance
Following a recent trend in the gaming industry, Ubisoft has become the latest publisher to implement a return-to-office policy, with its Montreal developers now required to work on-site for at least two days a week. This move marks a shift from the company's previous stance on hybrid working, which emphasized flexibility and remote work options. In 2021, Ubisoft expressed its intention to adopt …
Sept. 15, 2023, 7:01 p.m.
News
US Gaming Revenue Sees 3% Increase to $4.2 Billion in August
The latest Circana report reveals that Madden NFL 24 has secured the top position in the August Top 20, but its success has been somewhat eclipsed by Armored Core 6: Fires of Rubicon, which debuted in second place despite being available for only one day. Notably, Armored Core 6: Fires of Rubicon ranked as the 20th best-selling game of 2023 year-to-date after just a single day on the market. Acco…
Sept. 15, 2023, 3:25 p.m.
News
Series AI Secures $7.9 Million in Funding for AI-Powered Gaming Platform
Series AI has successfully closed a $7.9 million seed funding round, led by renowned venture capital firm A16z Games, with additional contributions from prominent investors including Bitkraft, F4 Fund, and the Siqi Chen Access Fund. The studio, co-founded by seasoned industry expert Pany Haritatos, formerly CEO of Kongregate, boasts a talented team comprising veterans from top tech and gaming com…
Sept. 15, 2023, 12:51 p.m.
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Game Developers Protest Unity's Runtime Fee by Disabling Ads
In response to Unity's plan to charge a fee for each game installation, a group of developers is taking a stand by halting all ad and monetization revenue generated through Unity. So far, 16 studios, including notable names such as Azur Games, Voodoo, and Century Games, have disabled Unity Ads and IronSource SDKs across their titles, vowing not to reinstate them until Unity reconsiders its new po…
Sept. 15, 2023, 11:54 a.m.
News
Playtika Expands Portfolio with Acquisition of Innplay Labs
Playtika has finalized the acquisition of Innplay Labs, a prominent mobile gaming studio responsible for titles such as Tiles of Fortune and Animals & Coins. According to reports from GamesBeat, the acquisition involves an initial payment of $80 million, with the potential to reach $300 million. This strategic move aims to strengthen Playtika's position in the luck battle genre and pave the way f…
Sept. 15, 2023, 11:19 a.m.
News
Ascendant Studios Reduces Workforce by Approximately 45%
Ascendant Studios, a California-based game development company, has confirmed that it has undergone a significant restructuring, resulting in the loss of around 45% of its staff. The decision, announced by CEO Bret Robbins, was described as a 'tough but necessary' move. This development comes just three weeks after the release of the studio's debut title, Immortals of Aveum. According to reports,…
Sept. 15, 2023, 9:14 a.m.
News
Unity Shuts Down Offices Following Credible Death Threat
In response to a serious death threat, Unity has temporarily closed its offices in San Francisco and Austin, as reported by Bloomberg. A company spokesperson confirmed that Unity was informed of a potential threat to its offices and is fully cooperating with law enforcement to investigate the matter. This development comes on the heels of intense backlash against Unity following the introduction …
Sept. 14, 2023, 7:41 p.m.
News
Ubisoft London, Creator of Hungry Shark, Faces Potential Closure
The London-based mobile studio of Ubisoft, renowned for developing the popular Hungry Shark series, is slated for closure. This move puts 54 positions in jeopardy. The Hungry Shark franchise will henceforth be overseen by Ubisoft Barcelona, which has been involved in supporting the intellectual property. With over a billion downloads since its inception in 2010, the series has seen significant su…
Sept. 14, 2023, 3:06 p.m.