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Microsoft Condemns UK Regulator's Decision to Block Activision Blizzard Acquisition
Brad Smith, Microsoft's president, has strongly criticized the UK regulator's decision to block the company's acquisition of Activision Blizzard, stating that it will hinder innovation and investment in the country. In an interview, Smith voiced his disappointment, indicating that the decision has shaken Microsoft's confidence in the UK. As a major player in the UK, with several studios including…
April 27, 2023, 11:20 a.m.
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Nintendo Announces Participation in Gamescom 2023
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April 27, 2023, 8:32 a.m.
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Reboot Develop Blue 2024: Dates Announced and Initial Speakers Revealed
The 2024 edition of Reboot Develop Blue is set to take place in Croatia from April 22 to 24. This announcement was made during the closing ceremony, where organizer Damir Durovic also unveiled the first wave of speakers. The lineup includes Anita Sarkeesian of Feminist Frequency, composer Austin Wintory, inXile Entertainment's Brian Fargo, Metal Hellsinger director David Goldfarb, Fawzi Mesmar fr…
April 27, 2023, 7:26 a.m.
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Activision Blizzard Sees 35% Revenue Surge Across All Divisions
Despite facing a setback with the UK's decision to block its sale to Microsoft, Activision Blizzard found solace in its first-quarter financial results, which demonstrated growth across every division and key franchise. The company had initially planned to release these results on April 27 but decided to announce them earlier. A spokesperson stated that the decision was made to address questions …
April 26, 2023, 5:18 p.m.
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Koei Tecmo Sees 7.8% Increase in Sales for 2022, Reaching $589 Million
Koei Tecmo reported a notable boost in net sales, reaching $588.5 million for the fiscal year 2022. Key financial highlights from April 1, 2022, to March 31, 2023, include: - Net sales of $588.5 million (¥78.4 billion), representing a 7.8% increase year-over-year - Net profit of $231 million (¥30.9 billion), marking a 12.5% decrease year-over-year - Entertainment division sales of $554 …
April 26, 2023, 3:51 p.m.
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NetEase Unveils New Development Studio, Anchor Point Studios
NetEase has formally introduced its newest internal development studio, Anchor Point Studios, which will be spearheaded by industry veteran Paul Ehreth. Ehreth, formerly of Smilegate Barcelona and Remedy, where he worked on notable titles such as Alan Wake 2 and Control, brings a wealth of experience to his new role. Anchor Point Studios will operate out of Barcelona, Spain, with a secondary offi…
April 26, 2023, noon
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Xbox Hardware Sales Plummet 30% in Q3 FY23
Microsoft has released its Q3 FY23 earnings report, which covers the three months ending March 31, 2023, revealing a significant drop in Xbox hardware sales and a slight decrease in overall gaming revenue. Key highlights include: - Microsoft's total revenue reached $52.9 billion, representing a 7% year-over-year increase. - Microsoft's net income was $18.3 billion, up 9% from the same peri…
April 26, 2023, 9:31 a.m.
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Cosmic Lounge Secures €4m in Seed Funding
Cosmic Lounge, a mobile gaming startup, has successfully raised €4 million ($4.4 million) in its seed funding round. Founded by Tomi Huttula, Tommi Kiviniemi, and Peter Tokoi, the company's founding team also includes Simo Rajamäki, Mika Karkinen, and Johannes Päivinen. The seed funding round was led by Transcend Fund, following an initial pre-seed investment from Sisu Game Ventures in 2022. With…
April 25, 2023, 2:14 p.m.
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Four-Day Work Week Gains Popularity Among Game Workers, Survey Reveals
A recent survey by Skillsearch, a recruitment firm specializing in the gaming sector, highlights a significant shift towards more flexible working arrangements. The survey found that a substantial 80% of respondents expressed interest in adopting a four-day work week, with the majority holding positive views about the concept. Furthermore, nearly 80% of participants stated they would actively loo…
April 25, 2023, 1:03 p.m.
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Cult of the Lamb Takes Top Honors as Game of the Year at the 2023 Gayming Awards
The highly anticipated winners of the 2023 Gayming Awards were announced yesterday, with Cult of the Lamb claiming the coveted Game of the Year title. Held in New York, the ceremony acknowledged Ashly Burch's outstanding contributions to the LGBTQ community in gaming, earning her the Gayming Icon award. This prestigious honor recognizes individuals who have made significant contributions to the…
April 25, 2023, 8:03 a.m.