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Take-Two's Executive Pay Sees Significant Increase
The compensation of Take-Two's top executives has seen a substantial increase, as revealed in the company's latest annual proxy filing. According to the filing, the pay of CEO Strauss Zelnick and company president Karl Slatoff has been doubled. As reported by Axios, the total compensation for both executives amounts to $72.3 million, comprising a mix of cash and stock, with a 60/40 split between …
Aug. 1, 2023, 3:05 p.m.
News
Veteran Composer Yuka Kitamura Departs FromSoftware After 12-Year Tenure
Acclaimed composer Yuka Kitamura has announced their departure from FromSoftware, the esteemed game development studio they had been a part of for over a decade. The news was shared via Twitter, with Kitamura choosing not to disclose their reasons for leaving. In their statement, they expressed excitement about embarking on a new journey as a freelance composer, starting August. Kitamura's goal i…
Aug. 1, 2023, 2:07 p.m.
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Hiro Capital and Secret Mode Among Latest Additions to GI Investment Summit at PAX
The GamesIndustry.biz Investment Summit at PAX has seen a significant influx of prominent investors and publishers, with Hiro Capital, Secret Mode, Kabam, and Snail Games USA being the newest additions. The summit, set to occur on August 31 at the Seattle Convention Center, offers a unique platform for indie developers to connect with key industry players. With over 40 game developers already on …
Aug. 1, 2023, 1:01 p.m.
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UK PS5 Sales See 75% Surge Following Price Reduction
A recent report from Gfk indicates that PlayStation 5 sales in the UK have experienced a significant 75% increase. This surge follows a temporary price cut, with the console's price dropping to £399. In terms of revenue, the PS5 saw a 63% week-on-week increase. The price reduction, which included some retailers offering a free game with the console, such as LEGO Star Wars: The Skywalker Saga, For…
Aug. 1, 2023, 11:17 a.m.
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Remnant 2 Achieves 1 Million Units Sold
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Aug. 1, 2023, 11:01 a.m.
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Sega Reports Q1 Revenue Increase Despite Underwhelming Game Sales
Sega Sammy's Q1 financial results show a significant increase in revenue, despite new game sales falling short of expectations. The company's overall revenue for the quarter ending June 30 rose by 63% to ¥108 billion ($756.9 million), with operating income surging 712% to ¥22.5 billion ($123 million). The main driver behind this growth is the strong recovery of the Paschinko and Pachislot machi…
Aug. 1, 2023, 9:35 a.m.
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Report: Nintendo's Next-Gen Console to Debut in Late 2024
According to recent reports, Nintendo is on track to unveil its latest console in the latter half of 2024. This news emerges from sources close to the matter, as reported by VGC, and is corroborated by Eurogamer's own predictions. The upcoming console is said to retain the portability of its predecessor, the Nintendo Switch, featuring an LCD screen and a cartridge slot for physical games. Additio…
July 31, 2023, 9:14 p.m.
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Japan's Mobile Gaming Revenue Predicted to Decline by 3% in 2023
According to a recent report by Adjust and data.ai, Japan's mobile gaming market is expected to generate $12.6 billion in revenue in 2023, marking a decline from the previous year. This figure accounts for 70% of the projected $18 billion in total in-app spending for the year, with mobile gaming revenue experiencing a 3% year-over-year decrease. In comparison, Japan's mobile gaming revenue declin…
July 31, 2023, 3:12 p.m.
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UK Game Industry Firms Have Two Weeks to Contribute to Salary Database
With the deadline looming, UK game industry companies have less than two weeks to participate in a pioneering salary benchmarking initiative. Over 40 firms have already enrolled in the pilot program, which aims to empower business leaders with market insights, competitive pay, and talent retention strategies. Interested companies must submit their data by August 11. The project, a collaboration b…
July 31, 2023, 1:25 p.m.
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UK Watchdog Seeks Further Input on Microsoft's Activision Blizzard Acquisition
The UK's Competition and Markets Authority has initiated a call for additional feedback regarding Microsoft's proposed acquisition of Activision Blizzard. This unusual step follows Microsoft's submission of a 34-page document outlining significant changes in circumstances. The regulator had initially blocked the deal in April, citing concerns over Microsoft's potential dominance in the emerging c…
July 31, 2023, 11:44 a.m.