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Scenario Secures $6 Million in Funding for AI-Driven Art Technology
Scenario, a San Francisco-based technology firm, has successfully raised $6 million in funding as it prepares to launch the early access version of its groundbreaking Gen AI Engine. The investment round was spearheaded by Play Ventures, with additional contributions from prominent investors such as Anorak Ventures, VR Fund, and Founders Inc, as well as notable industry figures including Oculus co…
Jan. 19, 2023, 2 p.m.
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Ubisoft CEO Clarifies Previous Statement Amid Staff Backlash
According to recent reports, Ubisoft CEO Yves Guillemot has offered an apology to staff members regarding his previous comments, which were perceived as placing undue pressure on employees. The controversy stemmed from an email sent last week, in which Guillemot urged staff to maximize efficiency and deliver results, stating that "the ball is in your court" to meet deadlines and quality expecta…
Jan. 19, 2023, 11:30 a.m.
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Detroit: Become Human Reaches 8 Million Units Sold
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Jan. 19, 2023, 10:11 a.m.
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Microsoft Announces 10,000 Job Cuts
As of January 19, 2023, Microsoft's latest round of layoffs has impacted its gaming divisions, with Bethesda Game Studios and 343 Industries being among the affected companies, according to a report by Bloomberg. Veteran developers at Xbox, some with over a decade of service, have lost their jobs. Although the exact number of layoffs at these studios is unclear, 343 Industries studio head Pierre …
Jan. 19, 2023, 9:48 a.m.
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Monster Hunter Rise: Sunbreak Achieves 5 Million Sales Milestone
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Jan. 19, 2023, 9:18 a.m.
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Research Reveals Inconsistent Application of Loot Box Labels
A new study by Leon Xiao has uncovered inconsistencies in the application of warning labels for randomized loot boxes by rating boards. Xiao's research examined whether the ESRB and PEGI rating systems consistently apply the 'In-game purchases (includes random items)' labels. The study found that out of 66 games that should have carried the label in both systems, only 26 games (39.4%) had the lab…
Jan. 18, 2023, 10:15 p.m.
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Games Industry Outlook for 2023: Hopes and Expectations
The GamesIndustry.biz team comes together to reflect on their aspirations for the upcoming year in the gaming industry, focusing on desired changes and trends rather than making predictions. Key discussion points include the need for greater unionization among game developers, a reduction in unethical monetization practices, and a desire for more innovation in AAA titles and unique indie releases…
Jan. 18, 2023, 2:44 p.m.
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Activision Blizzard Reports NetEase Declined Partnership Extension Offer
According to Activision Blizzard, it approached NetEase with a proposal to prolong their longstanding collaboration, which has seen NetEase manage publishing and operations for key Blizzard titles in China. However, NetEase turned down the offer. A statement posted by Blizzard China on Weibo revealed that the company had requested a six-month extension following the decision to end their 14-year …
Jan. 18, 2023, 2:42 p.m.
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European Parliament Takes Stance Against Loot Boxes and Gaming Addiction
The European Parliament has adopted a report that calls for action against several issues in the gaming industry, including loot boxes, gaming addiction, and gold farming, in an effort to enhance consumer protection. Led by MEP Adriana Maldonado López, the report secured a significant majority of votes and proposes a range of measures to address these concerns. One key recommendation is the imple…
Jan. 18, 2023, 12:49 p.m.
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BGFG Expands Portfolio with Acquisition of N4G, TechSpy, and More
By Gamers For Gamers (BGFG) has taken ownership of N4G, a prominent games media aggregator website. The acquisition also includes the incorporation of FilmWatch, TechSpy, and AnimeShinbun into its portfolio, all of which were previously managed by Hava Media. BGFG has committed to enhancing the user experience of N4G through various fixes, performance optimizations, and personalized features, col…
Jan. 18, 2023, 10:31 a.m.