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Nexon Achieves Record Revenue in 2022, Despite 11% Decline in Net Income
Nexon has announced its financial results for the fiscal year ending December 31, 2022. Key highlights include: - Annual revenue of ¥353 billion ($2.69 billion), marking a 28.9% year-over-year increase - Annual net income of ¥99.9 billion ($763 million), representing an 11.6% year-over-year decline In Q4 2022, the company saw: - Revenue of ¥81 billion ($618 million), up 49% from the …
Feb. 10, 2023, 11:44 a.m.
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Sony Accuses Microsoft of Harassment Over Document Requests in Activision Acquisition Case
In a recent development, Sony has labelled Microsoft's demands for documents related to the US Federal Trade Commission's investigation into the proposed acquisition of Activision Blizzard as a clear case of harassment. According to reports by Axios, Microsoft had submitted a request to access documents related to seven high-ranking Sony executives as part of the case, following a subpoena filed …
Feb. 10, 2023, 10:25 a.m.
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Hardball Games Secures $5.2 Million in Seed Funding
Hardball Games, a newly established game studio founded by Jason Avent, has successfully raised £4.3 million ($5.2 million) in its initial funding round. Avent brings significant industry experience, having previously served as a non-executive director at FuturLab for six years and as studio head at TT Games for four years. The funding round was led by Griffin Gaming Partners, with additional par…
Feb. 9, 2023, 2:56 p.m.
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Nintendo Unveils Exciting Lineup in Latest Direct Presentation
The inaugural Nintendo Direct of the year took place recently, showcasing a plethora of release dates, unexpected announcements, and an in-depth look at The Legend of Zelda: Tears of the Kingdom. The trailer for the Breath of the Wild sequel featured extensive gameplay, while Nintendo reaffirmed the May 12th release date and confirmed the previously reported $69.99 price tag. Other notable announ…
Feb. 9, 2023, 10:27 a.m.
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Pricing for The Legend of Zelda: Tears of the Kingdom Revealed at $70
Nintendo has confirmed that The Legend of Zelda: Tears of the Kingdom will be priced at $69.99. Following recent rumors about the game's cost, the company disclosed this information after the latest Nintendo Direct. Notably, this marks the first time a top-tier first-party title for the Nintendo Switch has exceeded the traditional $59.99 price point. In a statement to Game Informer, Nintendo indi…
Feb. 9, 2023, 9:54 a.m.
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Krafton Reports Decline in Annual Sales and Profit
Krafton has released its earnings report for the fourth quarter and the full year, revealing a decline in overall performance for 2023, along with mixed results for the fourth quarter, including the company's first quarterly net loss since its initial public offering in 2021. The key figures include: full-year sales of KRW1.85 trillion ($1.47 billion), representing a 1.7% year-on-year decrease; f…
Feb. 8, 2023, 7:25 p.m.
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Experts Believe UK Regulator's Objection to Microsoft's Acquisition of Activision Blizzard Signals Approval
Following the UK Competition and Markets Authority's provisional findings on the potential anti-competitive effects of Microsoft's acquisition of Activision Blizzard, which included a suggestion that the companies could alleviate concerns by restructuring the publisher, Wedbush analysts Nick McKay and Michael Pachter issued a statement to investors suggesting that the deal is nearing approval. Th…
Feb. 8, 2023, 5:41 p.m.
News
Snapser Secures $2.6 Million in Seed Funding
Snapser, a developer of backend engines, has successfully completed a $2.6 million seed funding round. The investment round was led by prominent venture capital firm Andreessen Horowitz. Founded by CEO Ajinkya 'AJ' Apte, CTO Jason Davidson, and engineer Vineet Pandit, Snapser's platform is designed to empower game developers with a customizable backend solution for development. With this new fund…
Feb. 8, 2023, 5:35 p.m.
News
Former Mediatonic and Flavourworks Developers Launch Electric Saint
Anna Hollinrake and Pavle Mihajlović have announced the establishment of Electric Saint, an independent game development studio. With eight years of experience in the gaming industry, Hollinrake, who serves as the studio's creative director, previously worked as the lead artist at Mediatonic Games, where she contributed to the development of Fall Guys. Mihajlović, the technical director, has a ba…
Feb. 8, 2023, 3:12 p.m.
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Twitter Integration Removed from World of Warcraft
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Feb. 8, 2023, 2:25 p.m.