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Major Shareholder Urges EG7 to Explore Sale Options
A significant shareholder of Enad Global 7 has formally requested the company's board to consider a full sale. This proposal follows an in-depth analysis of EG7's business strategies, operations, and portfolio. The shareholder group emphasizes that despite EG7's impressive array of assets and its position as a leading gaming company, it remains significantly undervalued in the global market. The …
May 23, 2023, 4:37 p.m.
News
Activision Blizzard and Plaion Face Fines for Failing to Disclose Loot Boxes
The PEGI ratings board has imposed fines on Activision Blizzard and Plaion for failing to disclose the presence of loot boxes in their games during the rating submission process. Specifically, Activision Blizzard did not mention loot boxes in Diablo Immortal, while Plaion omitted this information for the Limited Bounty Hunter Edition of Hunt: Showdown. As a result, the PEGI Enforcement Committee …
May 23, 2023, 2:49 p.m.
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Nintendo Faces Lawsuit Over Microtransactions in Mario Kart Tour
A potential class-action lawsuit has been filed against Nintendo, alleging that the company's implementation of loot boxes in Mario Kart Tour is unfair. According to a report by ClassAction, the lawsuit was initiated by a parent whose child spent over $170 on in-game purchases. The complaint claims that Nintendo intentionally designed the game to be more challenging for players who do not spend m…
May 23, 2023, 2:35 p.m.
News
UK Probe into Apple's Cloud Gaming Restrictions Put on Hold
The Competition and Markets Authority in the UK has temporarily halted its investigation into Apple's cloud gaming restrictions after a challenge from Apple and a dispute with the Competition Appeal Tribunal. The regulator had initiated a Phase 2 investigation in November to examine whether Apple and Google's dominance over mobile web browsers stifles competition and innovation, including Apple's…
May 23, 2023, 1:25 p.m.
News
NetEase Expands Global Presence with New Canadian Studio, Bad Brain Game Studios
NetEase continues its strategic expansion into Western markets with the establishment of Bad Brain Game Studios, its latest development house. Located in Toronto and Montreal, the studio will adopt a hybrid work model, combining office and remote work arrangements. Bad Brain Game Studios is currently working on a flagship franchise, kicking off with a narrative-driven, open-world action-adventure…
May 23, 2023, 12:43 p.m.
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Xbox Enforcements Surge to 10.2 Million in Second Half of 2022
Microsoft has published its latest Xbox Transparency Report, providing insights into its efforts to combat inappropriate behavior and content on the platform. In the second half of 2022, Xbox enforced 10.19 million actions, a 40% increase from the first half of the year, ranging from account suspensions to content removal. Player reports totaled 24.47 million, with 45% related to user interaction…
May 23, 2023, 11:10 a.m.
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Japan Witnesses First-Ever Arrest for Video Game Spoiler-Related Offense
In a historic move, Japanese authorities have apprehended a 52-year-old individual from Nagoya for unlawfully uploading videos of a game on YouTube, marking the country's first arrest for such an offense. According to Japan Today, the uploaded content included monetized videos of Stein;Gate: My Darling's Embrace, which also featured the game's ending. The visual novel, originally released in 2011…
May 22, 2023, 3:43 p.m.
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Rusty Lake Faces Discord Username Claim Issue and Warns of Potential Infringement
The verified game development studio, Rusty Lake, has encountered difficulties in claiming its desired username on Discord. This issue has prompted the studio, known for titles like Rusty Lake Hotel, to caution fellow indie game developers about the potential risks of not securing their preferred usernames. In a Twitter post, the studio expressed its surprise and concern upon discovering that its…
May 22, 2023, 2:26 p.m.
News
Microsoft's Acquisition of Activision Blizzard Receives Approval from China
Microsoft has announced that its proposed acquisition of Activision Blizzard has been given the green light in China. According to a statement provided to GamesIndustry.biz, a Microsoft spokesperson noted that this decision follows similar approvals from the European Union and Japan, bringing the total number of countries to 37, covering over two billion people. The spokesperson added that the ac…
May 22, 2023, 11:45 a.m.
News
My.Games Establishes Regional Headquarters in Abu Dhabi
My.Games has launched a new regional office in Abu Dhabi, marking a significant expansion of its global footprint. The office was announced by AD Gaming, a collaborative initiative that supports gaming companies such as Unity and Ubisoft in their regional operations. Located at the Yas Creative Hub, the Abu Dhabi team will be responsible for publishing My.Games' titles across the MENA region. Add…
May 22, 2023, 10:48 a.m.