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Riot Games to Provide Compensation to 1,548 Women in Gender Bias Lawsuit
In a recent development to the Riot Games gender bias case, it has been revealed that 1,548 female employees and contractors will receive financial compensation. According to a court filing by Rust Consulting, the firm managing the process, these women will be eligible for payments as part of a $100 million settlement stemming from a 2018 class-action lawsuit. The lawsuit alleged gender discrimin…
May 17, 2023, 8:54 a.m.
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Overwatch 2 Drops PvE Hero Mode
In a recent update, the Overwatch 2 development team announced that the game will no longer feature a PvE hero mode. According to game director Aaron Keller and executive producer Jared Neuss, this decision was made to focus on the game's multiplayer aspect and enhance the overall player experience. Keller stated, "Our priority is always the live game and the people playing it, and we devote our …
May 16, 2023, 9:24 p.m.
News
Ubisoft's Financial Results Fall Short of Expectations
Ubisoft has released its financial report for the year ending March 31, revealing a decline in net bookings that surpassed initial expectations. Key figures include: - Sales: €1.81 billion, representing a 15% year-over-year decrease - Net bookings: €1.74 billion, down 18% from the previous year - Net losses: €495 million, a significant drop from the previous year's €80 million profit - Q4 sales:…
May 16, 2023, 5:27 p.m.
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UK Regulator Stands by Decision to Block Microsoft's Acquisition of Activision Blizzard
Before the UK's Business and Trade Committee, the Competition and Markets Authority reaffirmed its stance against Microsoft's proposed $68.7 billion acquisition of Activision Blizzard. As reported, the CMA's chair and chief executive addressed concerns that blocking the deal could harm the UK's global business reputation. In response, the chair emphasized the importance of promoting open competit…
May 16, 2023, 3:32 p.m.
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Regulator Targets Roblox Over Alleged Breaches of Children's Advertising Rules
A watchdog group focused on children's advertising has criticized Roblox for allegedly failing to adhere to guidelines designed to protect young users. The Children's Advertising Review Unit, part of BBB National Programs, found that Roblox did not provide adequate disclosure of advertising within its platform and video content, particularly for children under 13. Furthermore, the group expressed…
May 16, 2023, 2:35 p.m.
News
1SP Agency Expands Portfolio with Acquisition of Studio CO2
1SP Agency has confirmed the acquisition of Studio CO2, a digital marketing company. Established in 2001, Studio CO2 boasts a specialization in product campaign development, having collaborated with prominent gaming entities such as Ubisoft, Xbox, and EA. The company was founded by Steven Cross, who brings a wealth of experience, including a five-year tenure as art director at Sega and a three-…
May 16, 2023, 1:55 p.m.
News
Discover the GamesIndustry.biz Microcast
Get introduced to the GamesIndustry.biz Microcast, a new short-form podcast series that provides timely analysis of the industry's biggest news. This episode delves into key topics including the European Commission's decision on Microsoft's proposed acquisition of Activision Blizzard, the impressive UK launch sales of The Legend of Zelda: Tears of the Kingdom, and Amazon's reveal of a new Lord of…
May 16, 2023, 12:52 p.m.
News
Thunderful Reports Steady Q1 Revenue Despite Mixed Segment Performance
Thunderful has released its financial report for the first quarter of 2023, showing revenue largely in line with the previous year. Key figures include net revenue of SEK 555.4 million ($53.7 million), representing a 1.7% year-on-year increase, with the Distribution segment contributing SEK 448 million ($43.2 million) and the Games segment contributing SEK 107 million ($10.3 million). Gross profi…
May 16, 2023, 10:27 a.m.
News
Saudi Arabia Boosts Its Holdings in Electronic Arts
The Public Investment Fund of Saudi Arabia has bolstered its investment in Electronic Arts, the renowned publisher of FIFA. According to a recent filing for the quarter ending March 31, 2023, published on Seeking Alpha, the fund acquired additional shares in EA during the fourth quarter of 2022. Prior to this, the PIF held 16.01 million shares, which has now increased to 24.81 million as of the f…
May 16, 2023, 10:14 a.m.
News
CD Projekt Reduces Staff at The Molasses Flood by 29
CD Projekt has officially announced a series of layoffs at The Molasses Flood. The news initially surfaced on Twitter on May 12 through posts by affected employees, and has now been confirmed by the company to PC Gamer. According to a spokesperson, 'As the project underwent changes, the team composition also evolved, primarily on The Molasses Flood's side.' The layoffs comprise 21 US-based team m…
May 16, 2023, 9:18 a.m.