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Can Ubisoft Reform Its Corporate Culture? | Podcast Discussion
The GamesIndustry.biz team convenes to delve into the most significant developments in the video game industry. This episode puts Ubisoft under the microscope, beginning with an in-depth interview with its CEO, Yves Guillemot. Following the tumultuous wave of abuse allegations in 2020, the question remains whether Ubisoft is taking sufficient measures to rectify its internal issues. The team also…
Sept. 16, 2022, 12:16 p.m.
News
Ruckus Games Secures $5.5 Million in Funding
Ruckus Games has successfully raised $5.5 million in seed funding, which will be utilized to drive the development of its debut cross-platform cooperative game. Established last year by a team of seasoned developers from Gearbox Software and Riot Games, the studio is headed by CEO and game director Paul Sage, who previously served as the creative director for Borderlands 3. Other key founders i…
Sept. 16, 2022, 11:04 a.m.
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Sega Rebrands Yakuza Series as Like A Dragon Globally
In a move to unify its branding worldwide, Sega has announced that the Yakuza series will now be known as Like A Dragon outside of Japan, aligning with its original Japanese name, Ryu Ga Gotoku. This change aims to create consistency between the Japanese and international markets, as stated by Sega in a statement to Kotaku, citing the desire to "more closely align with the Japanese name." Histo…
Sept. 16, 2022, 10:12 a.m.
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Tencent Acquires Minority Share in Mordhau Developer Triternion
Triternion, the studio behind the medieval combat game Mordhau, has secured a minority investment from Tencent Holdings, a prominent Chinese technology company. Although the specifics of the investment, including the stake percentage and amount, remain undisclosed, Triternion's CEO, Marko Grguorovic, has shed light on the intended use of the funds. 'The investment from Tencent will enable us to f…
Sept. 16, 2022, 9:49 a.m.
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Explore the Complete GI Live: London 2022 Lineup
GI Live: London is just around the corner, and we are excited to share the final schedule of speakers and roundtable sessions. As the UK's premier event for publishing, investment, and business development, GI Live will take place from Wednesday, September 21st to Thursday, September 22nd at London Excel, with a digital meeting day on Tuesday, September 20th. Tickets are now available and include…
Sept. 16, 2022, 7:10 a.m.
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Tencent-Owned Fanbyte Experiences Staff Reduction
A round of layoffs has affected the staff at media outlet Fanbyte, with the exact number of employees impacted currently unknown. Notable departures include editor-in-chief Danielle Riendeau, media head and editor-at-large John Warren, and features editor Elise Favis. The news of the layoffs surfaced when Riendeau announced her redundancy on Twitter, stating, 'It's been an honor to serve as edito…
Sept. 15, 2022, 8:08 p.m.
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Regulatory Scrutiny Intensifies for Microsoft's Activision Acquisition
The acquisition of Activision Blizzard by Microsoft, valued at $68.7 billion, is anticipated to undergo rigorous examination by regulatory authorities in both the UK and EU. Following the UK's Competition and Markets Authority recommendation for an in-depth investigation, citing potential substantial lessening of competition, Microsoft has opted not to provide evidence to alleviate these concerns…
Sept. 15, 2022, 3:39 p.m.
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Loot Box Regulations Prompt Adopt Me to Cease Operations in the Netherlands and Belgium
October 5, 2022 Update: The original story, dated September 15, 2022, reported that Adopt Me, a leading title on the Roblox platform, had suspended its services in two countries due to stringent regulations surrounding loot boxes. According to the development team, access to the game was restricted in the Netherlands and Belgium as of September 13, as part of a broader effort by Roblox to ens…
Sept. 15, 2022, 11:47 a.m.
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G4TV reportedly downsizes workforce by up to 30 employees less than a year after its revival
G4TV, a television and streaming broadcaster focused on gaming, has allegedly let go of between 20 and 30 staff members this week, according to reports from Kotaku, which cites three sources familiar with the situation. The layoffs are said to have come as a surprise, with some employees arriving on set to start filming only to be informed that their programs had been cancelled. Those affected ha…
Sept. 15, 2022, 11:38 a.m.
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Future Implements Editorial Staff Reductions Amidst Strong Revenue Projections
Despite forecasting substantial profits by the end of the month, UK-based media company Future has undergone a round of layoffs across various editorial teams. The exact number of affected staff members remains unclear, but it is known that brands such as TechRadar Gaming, Android Central, Windows Central, and iMore have been impacted. In a statement on Twitter, Future expressed regret over the d…
Sept. 15, 2022, 10:19 a.m.