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UK Regulator Warns Microsoft's Acquisition of Activision Blizzard May Harm Gamers
A provisional report by the UK's Competitions and Markets Authority suggests that Microsoft's acquisition of Activision Blizzard may reduce competition in the console and cloud gaming markets. The regulator believes that Microsoft may make popular titles like Call of Duty exclusive to Xbox or its cloud service, resulting in higher prices, fewer game options, lower quality, and reduced innovation.…
Feb. 8, 2023, 12:20 p.m.
News
Fingersoft Adopts Six-Hour Workday Policy
Finnish mobile gaming studio Fingersoft has introduced a new policy offering employees the option to work six-hour days, with a salary adjustment to 90% of their full pay. The decision follows an experiment conducted throughout 2021 and 2022, where approximately half of the studio's 110 employees participated in either a four-day workweek or a six-hour workday, five days a week. The results, anal…
Feb. 8, 2023, 11:31 a.m.
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Nintendo Announces 10% Pay Raise Amid Revised Financial Projections
Despite a downward revision in its financial forecast, Nintendo is set to implement a 10% salary increase for its employees, aligning with recommendations from the Japanese government to boost wages in tandem with inflation. This move was disclosed during an earnings call, where President Shuntaro Furukawa underscored the significance of securing the company's workforce for sustained growth. The …
Feb. 8, 2023, 10:25 a.m.
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Activision Blizzard CEO Urges UK to Approve Microsoft Acquisition
In a recent television appearance, Activision Blizzard CEO Bobby Kotick expressed his belief that the UK should support Microsoft's proposed acquisition of his company. Discussing the potential opposition from the UK's Competition and Markets Authority, Kotick emphasized the importance of embracing the deal to foster job creation and technological advancement. He cautioned that rejecting the acqu…
Feb. 8, 2023, 9:43 a.m.
News
Screen Australia Invests $1 Million in 11 Upcoming Games
Screen Australia has revealed plans to provide funding of AU$1.5 million ($1 million) to support the development of 11 games through its Games: Expansion Pack Fund. This initiative focuses on supporting emerging and smaller independent game studios with project budgets under AU$500,000 ($348,000). The list of funded titles includes Bilkins' Folly from Webbysoft, Copycat by Spoonful of Wonder, Gho…
Feb. 7, 2023, 6:12 p.m.
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Latent Technology Raises $2.1 Million in Pre-Seed Funding
Latent Technology has successfully secured $2.1 million in its pre-seed funding round. Founded by CEO Jorge del Val and CTO Jack Harmer in London, the startup boasts a team with a rich background in the gaming industry, having previously worked at prominent companies such as Embark Studios and EA. The funding round was spearheaded by Root Ventures and Spark Capital, with additional participation …
Feb. 7, 2023, 3:41 p.m.
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Apple Disputes UK Regulator's Remedies for Cloud Gaming on iOS, Citing Unreasonableness
Apple has expressed strong objections to the UK's Competition and Markets Authority (CMA) proposed remedies aimed at increasing access to cloud gaming services on iOS. In response to the CMA's statement on initiating a phase two investigation into mobile browsers and cloud gaming, Apple argued that the suggested remedies are misguided and unreasonable. The CMA's proposals included revising app st…
Feb. 7, 2023, 12:27 p.m.
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Strauss Zelnick: AI to Elevate Industry Standards but Won't Outdo Grand Theft Auto
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Feb. 7, 2023, 10:26 a.m.
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Nintendo Sees Slight Decline in Financials, Reaching $9.8 Billion
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Feb. 7, 2023, 9:41 a.m.
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Microsoft allegedly anticipating CMA opposition to ABK takeover
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Feb. 7, 2023, 8:53 a.m.