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Microsoft and Activision Blizzard Push FTC to Abandon Legal Challenge Ahead of August Hearing
July 21, 2023 Update: The Federal Trade Commission has withdrawn its internal administrative challenge to Microsoft's acquisition of Activision Blizzard. According to The Verge, the Commission announced the suspension of its in-house challenge, which was initially set to be heard on August 2. Originally reported on July 20, 2023: Microsoft and Activision Blizzard have submitted a request to the F…
July 21, 2023, 8:27 a.m.
News
Gundam Evolution Ceases Operations
Bandai Namco has revealed that Gundam Evolution, a free-to-play game, will be discontinued. The title, which is based on the popular robot franchise, is set to go offline on November 29. Initially launched on PC in September 2022, with console releases following two months later, the game aimed to unite fans of first-person shooters and the Gundam series. According to executive producer Kazuya Ma…
July 20, 2023, 8:51 p.m.
News
Revealing the 2023 Games for Change Award Winners
The winners of the 2023 Games for Change Awards have been officially announced by the Games for Change organization. This year, the Most Innovative award was given to Terra Nil by Free Lives, while Howard Delafield International's Go, Nisha, Go: My Life My Choice received the Best Learning Game award. The award ceremony took place during the Games for Change Festival Awards Ceremony, hosted b…
July 20, 2023, 8:22 p.m.
News
Ubisoft Experiences 9% Decline in Q1
Ubisoft's Q1 results have exceeded expectations despite a 9% year-over-year decrease in net sales. The company behind Assassin's Creed has released its latest financial report, which highlights a decline in net bookings by 8% overall, although Tom Clancy Rainbow Six Siege performed strongly during this period. Key figures for the three months ending June 30 include: net sales of €289 million ($32…
July 20, 2023, 7:08 p.m.
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Record-Breaking Attendance at First Playable 2023
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July 20, 2023, 3:57 p.m.
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Bandai Namco Announces Grand Opening of London-Based Store
July 20, 2023 Update: The Bandai Namco Cross Store is scheduled to launch on August 18. Originally announced on June 28, 2023, the store was initially planned to open in July. Located within Camden Market, this unique retail space combines the vibrancy of the physical market with Bandai Namco's rich heritage as a global entertainment powerhouse. The store's layout features six distinct shops, off…
July 20, 2023, 12:16 p.m.
News
India Provides Clarity on 28% Tax Rate, Exclusively Applies to Games Involving Real Money
The Indian Government has issued a clarification that online games not involving real money stakes will continue to be subject to an 18% tax rate. This comes after the Indian Goods and Service Tax Council recently increased the tax on real money games to 28%, prompting several media outlets, including GamesIndustry.biz, to incorrectly report that all online games would be subject to the higher ta…
July 20, 2023, 12:07 p.m.
News
GGWP Secures $10m Investment for Artificial Intelligence Moderation Solution
GGWP, a pioneering gaming moderation platform, has successfully raised $10 million in funding to further enhance its AI-driven tools. The latest funding round was spearheaded by prominent investors Samsung Ventures and SK Telecom Ventures. Following an extensive year of testing with a select group of twelve developers, GGWP's platform has officially launched. According to co-founder Dennis Fong, …
July 20, 2023, 11 a.m.
News
Resident Evil 4 Remake Achieves 5 Million Sales Mark
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July 20, 2023, 10:28 a.m.
News
Screen Australia Invests $2 Million in 23 Studios
Screen Australia has unveiled the recipients of its latest funding round, allocating a total of AU$3 million (over $2 million) to 23 studios. The First Nations Games Studio fund has awarded AU$600,000 (over $400,000) to two studios, with Guck, a Victoria-based First Peoples-led studio, and Awesome Black, a creative social enterprise, each receiving half of the amount. Guck is currently developing…
July 20, 2023, 10:22 a.m.