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Pragmata Release Delayed by Capcom Once More
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June 13, 2023, 9:50 a.m.
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Embracer Group Announces Leadership Overhaul Amid Restructuring Efforts
Embracer Group has initiated a significant transformation of its leadership team as part of a broader restructuring initiative. The company has unveiled plans to reorganize its operations, aiming to reduce debt and transition into a business model driven by high cash flow generation. As a result, Matthew Karch, formerly the CEO of Saber Interactive, will relinquish his position and board membersh…
June 13, 2023, 9 a.m.
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Embracer Unveils Restructuring Plan, Anticipating Studio Closures
Embracer has launched a comprehensive restructuring program aimed at optimizing resource utilization. The initiative includes operational and financial measures to enhance cash conversion, efficiency, and reduce capital expenditures, targeting a net debt of under SEK 10 billion by the end of the 2023/2024 financial year. The company plans to cut overhead costs by at least 10% or SEK 800 million a…
June 13, 2023, 8:41 a.m.
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Diablo 4 Achieves Record-Breaking Sales of Over $666 Million Globally Within Five Days
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June 13, 2023, 7:35 a.m.
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Ubisoft Forward Event Reveals Star Wars Release for 2024 and Avatar Launch on December 7
During the Ubisoft Forward 2023 event, the company announced the release date for Avatar: Frontiers of Pandora and provided in-depth looks at Assassin's Creed Mirage, Prince of Persia: The Lost Crown, and Star Wars Outlaws. The event kicked off with a detailed presentation of Avatar: Frontiers of Pandora, featuring gameplay snippets and an in-depth story analysis. Director James Cameron appeared …
June 12, 2023, 6:54 p.m.
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GamesIndustry.biz Summer Party Makes a Comeback in Brighton on July 12th
Following the success of our 20th-anniversary celebration last year, GamesIndustry.biz is excited to announce the return of its Summer Party, scheduled for July 12th at Horatio's Bar on Brighton Pier. The festivities will commence at 7pm and continue until midnight, with tickets granting attendees access to the event, two complimentary drinks, and the highly anticipated return of our signature fi…
June 12, 2023, 2:10 p.m.
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Is Xbox's Strategy Finally Falling Into Place? | Microcast
As we delve into the analysis of the major summer gaming events, James and Marie share their thoughts on Microsoft's lineup from the Xbox Games Showcase, which took place the previous night. The event was highlighted by announcements such as Fable and Star Wars: Outlaws, a significant hardware reveal, and more details on the highly anticipated Starfield. This showcase provided valuable insight in…
June 12, 2023, 12:41 p.m.
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Playdigious Launches New Publishing Division
Playdigious has unveiled the establishment of a new publishing division, dubbed Playdigious Originals. This label will primarily focus on publishing independent titles for PC and console platforms, with its inaugural release being the turn-based RPG Fretless – The Wrath of Riffson, developed by Ritual Studios. According to CEO Xavier Liard, "The primary goal of this label is to provide independen…
June 12, 2023, 11:34 a.m.
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Team17 Establishes Cover 6 Studios for Collaborative Development on Hell Let Loose
Team17 has launched a new development studio, Cover 6 Studios, to support the creation of one of its flagship titles. Cover 6 Studios will collaborate with Expression Games, the Manchester-based developer behind the strategic World War 2 first-person shooter Hell Let Loose. Initially, the team at Cover 6 will focus on this project, with plans to potentially take on additional titles in the future…
June 12, 2023, 11:18 a.m.
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OTK Introduces Mad Mushroom Publishing Label
OTK Media, a prominent content creation company, is expanding its reach with the launch of its own publishing label, dubbed Mad Mushroom. The label has enlisted the expertise of industry veteran Mike Sibowitz, who has previously worked with major gaming companies such as Krafton, NCSoft, and Square Enix, as its leading advisor. Mad Mushroom's core mission is built around three key principles: pro…
June 12, 2023, 10:58 a.m.