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Global Gaming Revenue for PC and Consoles Dropped to $92.3 Billion in 2022
According to a recent report by Newzoo, the global consumer spending on PC and console gaming experienced a decline of 2.2% in 2022, totaling $92.3 billion. Key highlights from the report include: - The total spent on PC and console games was $92.3 billion, marking a 2.2% decrease from the previous year. - Console games generated $51.8 billion in revenue, down 4.2% year-over-year. - Digital and …
March 16, 2023, 8:52 p.m.
News
US Regulatory Body Requests More Information on Microsoft's Deals with Nintendo and Nvidia
Recently released documents indicate that the Federal Trade Commission is asking for more details about Microsoft's recent agreements. According to a report by VGC, the agency is seeking this information because it believes Microsoft is using these deals to justify its acquisition of Activision Blizzard to regulatory authorities. The documents state that "Microsoft has declined to provide interna…
March 16, 2023, 3:53 p.m.
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UK Government Enhances Tax Relief for Video Game Industry
The UK Government has unveiled plans to replace the existing Video Games Tax Relief with a more robust support system, dubbed the Video Games Expenditure Credit. This announcement was made as part of the Spring Budget, which also confirmed a corporation tax increase to 25% for companies with profits exceeding £250,000, effective next month. The new credit offers a 34% relief rate on 80% of 'quali…
March 16, 2023, 1:58 p.m.
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Six UK Game Developers, Including 4J Studios, Support Microsoft's Acquisition of Activision Blizzard
The UK's Competition and Markets Authority has released responses to its preliminary findings on Microsoft's proposed $68.7 billion acquisition of Activision Blizzard. The regulator believes the deal poses a competitive risk and has urged Microsoft to provide remedies. Microsoft has proposed behavioural remedies, including making Call of Duty available on multiple platforms for the next decade, w…
March 16, 2023, 12:55 p.m.
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Microsoft Signs 10-Year Cloud Gaming Agreement with Ubitus
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March 16, 2023, 10:57 a.m.
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Acclaimed Songwriter BloodPop Launches New Gaming Venture GenPop
Renowned songwriter and producer Michael 'BloodPop' Tucker, known for collaborations with Lady Gaga and Beyoncé, has partnered to establish a new game development studio called GenPop Interactive. Tucker co-founded the studio with Aubrey Tennant, formerly a producer at Bandai Namco and Hyper Hippo, with Tucker serving as CEO and Tennant as COO. The fully remote studio operates with a team of 25 m…
March 16, 2023, 10:11 a.m.
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Shuhei Yoshida to be Honored with BAFTA Fellowship
Shuhei Yoshida is set to receive a prestigious BAFTA Fellowship during the BAFTA Game Awards ceremony on March 30. The award recognizes Yoshida's tireless efforts in promoting and nurturing the independent games industry. According to BAFTA, Yoshida has consistently demonstrated his support for indie developers through his social media presence, corporate initiatives, and appearances in podcasts,…
March 16, 2023, 10 a.m.
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Creative Assembly Expands with New Studio in Newcastle Under Giselle Stewart's Leadership
A new Creative Assembly studio is set to open in Newcastle, with Giselle Stewart at the helm. The studio, dubbed Creative Assembly North, plans to recruit over 100 developers and will collaborate with the company's Sussex office on an unannounced project. Additionally, it will house the company's Continuous Improvement Team, focused on enhancing tools, workflows, and development experiences. Gise…
March 16, 2023, 9 a.m.
News
Atari Partners with Fig to Introduce the Atari Game Pool Initiative
Atari, in collaboration with Fig, the gaming division of the Republic platform, has initiated the Atari Game Pool crowdfunding campaign. The campaign seeks to raise between $1 million and $15 million by August 6, with the goal of funding upcoming game titles. Notably, it garnered $100,000 in its first 24 hours. Using the raised funds, Atari plans to collaborate with external developers to cre…
March 16, 2023, 12:29 a.m.
News
Plug In Digital Acquires Celsius Online
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March 15, 2023, 11:03 p.m.