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Activision Blizzard Faces New Labor Practice Allegations from Communications Workers of America
The Communications Workers of America has lodged a complaint against Activision Blizzard, alleging unlawful employee surveillance during protests and disruption of internal chat channels where staff were discussing labor issues. According to a report by Fortune, the complaint also states that the company threatened to limit access to other internal messaging platforms where employees were discuss…
Aug. 19, 2022, 9:07 p.m.
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Twitch Records 1.7 Billion Hours of Viewing in July
According to the latest State of the Stream report by StreamElements and Rainmaker.gg, Twitch maintained its viewership momentum in July, mirroring its performance from the previous month. The platform achieved 1.7 billion hours watched, although it has yet to surpass the 2 billion hours watched recorded in January. Facebook Gaming experienced a relatively stable viewership, with 424 million hour…
Aug. 19, 2022, 6:09 p.m.
News
Atom Switch Secures $3.4 Million Investment from Hiro Capital and 1Up Ventures
Atom Switch, a Chicago-based game development studio, has successfully raised $3.4 million in funding from investors Hiro Capital and 1Up Ventures. This investment will be utilized to support the development of the studio's inaugural PC and console game, InfestStation, a multiplayer first-person shooter built using Unreal Engine 5. Established in 2013 by CEO and creative director Dan Sandberg…
Aug. 19, 2022, 3 p.m.
News
US Gaming Industry Sees 9% Decline in Revenue to $4.2 Billion in July
In July, the US video game market generated $4.2 billion in revenue, marking a 9% decrease from the previous year, according to NPD's latest report. Hardware sales experienced a 12% year-over-year increase to $362 million. However, software sales dropped by 10% to $3.7 billion. The PlayStation 5 led in terms of hardware spending, while the Nintendo Switch had the highest unit sales. On the softwa…
Aug. 19, 2022, 2:27 p.m.
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Diablo IV Will Not Feature Loot Boxes, Blizzard Confirms
Blizzard has provided assurance that Diablo IV, its forthcoming RPG, will not incorporate loot boxes or pay-to-win elements as part of its live service and monetization strategy. The game is set to be a full-price title, accompanied by a premium battle pass and a cosmetics store at launch, neither of which will offer 'pay-for-power' options. The premium battle pass will focus on aesthetic items, …
Aug. 19, 2022, 8:18 a.m.
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Aonic Acquires Exmox Marketing Company in $100m Deal
Aonic Group, a leading video game company, has announced the acquisition of Exmox, a marketing platform, for approximately $100 million. Established in 2015 in Germany, Exmox has developed and implemented successful marketing campaigns for numerous gaming companies. The acquisition is expected to enhance Aonic's advertising operations. According to Aonic's co-founders, Paul Schempp and Olli…
Aug. 18, 2022, 8:41 p.m.
News
Room 8 Launches Mobile Gaming Arm, Solid Bash
Room 8 Group, a leading development services provider, has announced the launch of its mobile game development division, Solid Bash, which will operate out of its offices in Canada, Poland, Romania, and Ukraine. The new division will be led by Matthew Zoern as vice president of games and Benjamin Troy Drysdale as head of technology, alongside Jerome Boulon as head of production and Benjamin Paque…
Aug. 18, 2022, 7:18 p.m.
News
Tencent Reports Q2 Revenue Decline Amid Post-Pandemic Adjustment
Tencent, the Chinese tech giant, has released its financial report for the second quarter, revealing a decline in revenue across both its international and domestic gaming divisions. Key highlights include: - Total revenue of RMB 134.0 billion ($20 billion), marking a 3% year-over-year decrease - A profit of RMB 19.2 billion ($3 billion), representing a 55% decrease from the previous year …
Aug. 18, 2022, 3:44 p.m.
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Nexus Mods Takes Action Against User for Mod Removing LGBTQ+ Flags from Spider-Man Game
Nexus Mods has banned a user for creating a mod that removed Pride flags from the Spider-Man Remastered game. According to site owner Robin Scott, the mod was uploaded via a secondary account, indicating the user's intention to circumvent the site's policies. Scott emphasized that Nexus Mods supports inclusivity and diversity, and will not tolerate content that deliberately undermines these value…
Aug. 18, 2022, 2:30 p.m.
News
Embracer Reports 107% Surge in Net Sales for Q1
Embracer Group has unveiled its Q1 financial results, showcasing a remarkable 107% rise in net sales, driven by its aggressive acquisition strategy. For the quarter ending June 31, the company reported net sales of SEK 7.1 billion ($682 million), a significant increase from SEK 3.4 billion ($298 million) in the same period last year, largely fueled by inorganic growth from recent subsidiaries. Th…
Aug. 18, 2022, 1:34 p.m.