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Embracer Expands Portfolio with Acquisition of The Lord of the Rings IP and Multiple Gaming Studios
In a significant move, Embracer has unveiled a series of major acquisitions, including the intellectual property rights to The Lord of the Rings and The Hobbit, as well as several prominent gaming studios. The aggregated upfront purchase price for these acquisitions is SEK 6 billion, equivalent to $576 million. Embracer has entered into an agreement to acquire Middle-earth Enterprises, a subsidia…
Aug. 18, 2022, 8:46 a.m.
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Twin Sails Interactive Emerges as Asmodee Digital's New Identity
In a strategic move, Asmodee Digital has unveiled its rebranding as Twin Sails Interactive, signaling a significant shift in its business approach. The company, formerly recognized for its digital renditions of iconic board games such as Gloomhaven, Terraforming Mars, and multiple Catan titles, now aims to concentrate on crafting unique gaming experiences. This new direction involves the developm…
Aug. 17, 2022, 2:43 p.m.
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Paradox Introduces New Publishing Imprint, Paradox Arc
Paradox Interactive has unveiled Paradox Arc, a new publishing arm focused on delivering immersive, replayable games from emerging development studios to both its existing fanbase and the broader gaming community. The announcement was made via Twitter, highlighting the label's mission to bring forth captivating, endless, and replayable experiences from smaller teams. Paradox Arc has already rev…
Aug. 17, 2022, 9:15 a.m.
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Little Orpheus Set to Launch Next Month After Delay Due to Ukraine Conflict
Following a delay earlier in the year, Little Orpheus has been assigned a new release date for its PC and console versions. According to publisher Secret Mode, the platformer is scheduled to hit PS5, PS4, Xbox Series X|S, Xbox One, Switch, as well as Steam and the Epic Games Store on September 13. Originally intended for a March release, the game was postponed to avoid potential insensitivity sur…
Aug. 17, 2022, 8:25 a.m.
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Contractors at Nintendo of America Allege Sex Harassment and a 'Frat House' Culture
According to a recent exposé by Kotaku, former contractors have come forward to describe a discriminatory work environment at Nintendo of America, where female contractors faced sexual harassment and limited career advancement opportunities. The report details accounts from 10 individuals who worked at Nintendo over the past decade, sharing stories of sexual harassment, gender discrimination, and…
Aug. 16, 2022, 9:12 p.m.
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Riot Games Reports No Significant Pay Disparities for Women or Underrepresented Groups
Riot Games, the developer of Valorant, has released its 2021 diversity and inclusion report, highlighting a mixed bag of progress and decline in workforce representation. The report defines underrepresented minorities as individuals who identify as Black or African American, Hispanic, Latinx, Native American, or other underrepresented groups. Notably, the proportion of female new hires increased …
Aug. 16, 2022, 2:15 p.m.
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Time's Running Out: One Month Left to Enter Canada's Best Places To Work Awards
The deadline for the GamesIndustry.biz Canada Best Places To Work Awards 2022 is approaching, with only one month left for interested companies to submit their entries. Given the time required to complete the awards process, potential participants are encouraged to sign up immediately. The awards are open to all Canadian games industry companies, encompassing developers, publishers, service provi…
Aug. 16, 2022, 2 p.m.
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Record-Breaking Year for Germany's Gaming Market, with Spending Reaching €9.8 Billion in 2021
In 2021, Germany's gaming market saw unprecedented spending, with total expenditures on video games, hardware, and accessories reaching €9.8 billion. This marks a 17% increase from the previous year, according to the 2022 annual report from Game, the trade association for Germany's gaming industry. As a result, Germany solidifies its position as the largest gaming market in Europe and the fifth-l…
Aug. 16, 2022, 10:56 a.m.
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THQ Nordic Unveils Alone in the Dark Revamp and New South Park Title
THQ Nordic's Digital Showcase 2022 brought significant announcements, including the reboot of Alone in the Dark. Developed by Pieces Interactive, a Swedish game studio, this new iteration is described as a 'reimagination' of the original, incorporating elements from the first three games into a novel storyline. Mikael Hedberg, known for his work on horror titles like Somo and Amnesia: The Dark De…
Aug. 16, 2022, 10:18 a.m.
News
Pokémon Company Pledges $25 Million to Empower Youth
The Pokémon Company International has unveiled plans to distribute $25 million in donations over the next five years to select non-profit organizations dedicated to supporting youth and promoting community equity. The recipients, chosen for their impactful work at the global, regional, and local levels, include notable groups such as Black Girls Code, Central Única das Favelas, and Stop AAPI Hate…
Aug. 15, 2022, 6:49 p.m.