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Lumikai Announces $50 Million Investment in Indian Game Developers
Lumikai, an India-based media fund, is set to allocate $50 million to support local game developers, further boosting the country's gaming industry. The investment will cater to studios requiring funding across various stages, from pre-seed to Series A, and will increase Lumikai's total investment in India's gaming sector to over $100 million. The fund will focus on five key areas: original gamin…
June 22, 2023, 12:08 p.m.
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Black Game Developer Fund Commits $1 Million for Fourth Consecutive Year
As the Black Game Developer Fund enters its fourth year, the organizers have announced that they will be investing $1 million into projects created by Black game developers. This investment, made in partnership with Humble, aims to empower independent Black creators by providing them with the necessary funding to bring their games to market. Additionally, the fund will offer support through mento…
June 22, 2023, 11:35 a.m.
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Twitch Sees 1.76 Billion Hours of Viewership in May
In May, the popular streaming platform Twitch achieved a significant milestone with 1.76 billion hours of viewership. This marks a 5% increase from the previous month, as reported by the State of the Stream monthly report from StreamElements and Rainmaker.gg. The top games on Twitch remained consistent, with League of Legends, Valorant, and Grand Theft Auto V leading the pack. Following its relea…
June 21, 2023, 8:31 p.m.
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Xbox Series X Console to Receive Price Adjustment
Microsoft is set to introduce a price hike for the Xbox Series X in several countries, starting from August. According to a report by The Verge, this change will not apply to the US, Japan, Chile, Brazil, and Colombia. The updated prices, effective from August 1, include £479.99 in the UK, €549.99 in most European markets, CAD $649.99 in Canada, and AUD 799.99 in Australia. Notably, these new pri…
June 21, 2023, 7:31 p.m.
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Roblox Expands to Include Games for Adults 17 and Older
Roblox is introducing a new feature that enables developers to create games for an older audience, specifically those aged 17 and above. To access and create these experiences, players must first verify their age by uploading a government-issued ID and a photo of themselves. The company has warned that this content may include graphic violence, strong language, and mature themes, and will be roll…
June 21, 2023, 6:07 p.m.
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Capcom Celebrates 40 Years with Nearly 500 Million Games Sold
Capcom has marked its 40th anniversary by announcing the sale of approximately 500 million game units worldwide. One of its most successful franchises, Resident Evil, has sold over 142 million copies since its debut in 1996. Notably, the Resident Evil 4 Remake achieved four million sales in April. As of March 31, the Monster Hunter series has sold 92 million games, with its first title released i…
June 21, 2023, 4:04 p.m.
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Nintendo Unveils 2023 Lineup with Super Mario Bros Wonder
Nintendo has bolstered its 2023 release calendar with a slew of new games announced during the latest Nintendo Direct, headlined by Super Mario Bros. Wonder. Scheduled for release on October 20, this 2D Mario game introduces innovative mechanics such as wonder seeds, which trigger dramatic and unpredictable level changes when touched. The game features playable characters including Luigi, Peach, …
June 21, 2023, 3:11 p.m.
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All In! Games Shuts Down Publishing Arm
All In! Games has revealed that it has halted its publishing operations and will instead focus on developing games. The reason behind this decision was the company's poor sales performance and the significant challenges it faced in the gaming market, particularly when compared to more established publishing houses. Although All In! Games will no longer be acquiring new titles, it will continu…
June 21, 2023, 2:45 p.m.
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Xbox Delays AR/VR Expansion Until Audience Grows
Matt Booty, Head of Xbox Games Studios, has stated that the company is holding off on expanding into AR/VR gaming until a sizable audience emerges. In a conversation with The Hollywood Reporter, Booty discussed various topics including the cross-media expansion of video games. When asked about Xbox's potential move into VR, Booty noted that while the company has achieved significant success with …
June 21, 2023, 2:02 p.m.
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Australia's Digital Games Tax Offset Legislation Receives Official Approval
The Australian government has given its official seal of approval to the Digital Games Tax Offset. According to the Interactive Games and Entertainment Association, the legislation has been passed by both parliamentary houses. Initially introduced in 2021, this incentive offers a 30% tax break to local game development studios with projects exceeding AU$500,000, applicable from July 1, 2022. The …
June 21, 2023, 11:01 a.m.