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Concept Ventures Unveils $60 Million Pre-Seed Fund for UK Gaming Startups
Concept Ventures has announced the launch of a $60 million pre-seed fund, dubbed The Fund, with the backing of the British Business Bank. This fund is among the few pre-seed investments in the UK that focus specifically on the gaming sector. The British Business Bank's Enterprise Capital Funds program has committed $36 million to The Fund. Over the next four years, Concept Ventures plans to inves…
July 28, 2022, 2:21 p.m.
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Remake of Star Wars: Knights of the Old Republic Put on Indefinite Hold
The remake of Star Wars Knights of the Old Republic by Aspyr Media has been put on hold with no end date in sight. According to a report by Bloomberg, the decision to pause development stems from the departure of two high-ranking directors, Jason Minor and Brad Prince. The game, first announced last year, has been in development for three years. In June, a demo was completed with the intention of…
July 28, 2022, 2:06 p.m.
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Research by the University of Oxford Finds No Link Between Video Game Playing and Mental Wellbeing
According to a recent study conducted by the University of Oxford, engaging in video games has no significant impact on an individual's mental wellbeing. The study, as reported by The Guardian, involved tracking the gaming habits of nearly 40,000 participants over a six-week period. The researchers asked participants to record their motivations for playing, including whether they played for enjoy…
July 28, 2022, 1:55 p.m.
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Examining Hate and Harassment on Minecraft Servers
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July 28, 2022, 12:56 p.m.
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US Regulator Moves to Block Meta's Acquisition of Within
The Federal Trade Commission has thrown a wrench into Meta's plans to acquire Within, the company behind the popular VR fitness app Supernatural, by announcing its intention to block the deal. According to John Newman, deputy director of the FTC's Bureau of Competition, "Meta is attempting to buy its way to the top instead of competing fairly." The FTC argues that Meta, which already owns a succe…
July 28, 2022, 11:10 a.m.
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Confidential Documents Reveal Roblox's China Expansion Plans
Recently leaked internal documents from Roblox have shed light on the company's early strategies to comply with China's censorship regulations and laws. The documents, dated August 2017 and shared by Vice, detail key features necessary for Roblox's launch in the Chinese market, including the separation of its Chinese user base from international players. Roblox also discussed the possibility that…
July 28, 2022, 10:31 a.m.
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Microsoft's Gaming Revenue Sees a Dip in Q4, but Game Pass Subscriptions Surge
Microsoft has unveiled its financial results for Q4 and the full fiscal year, revealing a modest decline in gaming revenue despite overall company growth. The quarterly financials include: $51.9 billion in revenue, a 12% year-over-year increase; $20.5 billion in operating income, up 8%; and $16.7 billion in net income, a 2% rise. For the full year, the numbers are: $198.3 billion in revenue, up 1…
July 28, 2022, 10:30 a.m.
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Rockstar Games Overhauls Company Culture and Grand Theft Auto Development
Rockstar Games has undergone a substantial transformation in recent years, shifting away from its previous issues with crunch culture, staff burnout, and insensitive content. According to interviews with 20 current and former employees, the company has implemented new structures to prevent excessive overtime and has reduced the scope of its highly anticipated Grand Theft Auto 6. Managers have rep…
July 28, 2022, 10:28 a.m.
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GI Live: London Makes Its Return to EGX This September
The UK's leading event for indie game development, publishing, and investment is set to take place at London Excel in September. GI Live: London is a two-day gathering where prominent gaming companies will interact and network with developers. The event kicks off on Wednesday, September 21st, and concludes on Thursday, September 22nd, with an exclusive digital meeting day scheduled for Tuesday, S…
July 28, 2022, 10:27 a.m.
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Capcom Sees 48% Drop in Revenue to $184m in Q1 2022
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July 26, 2022, 10:11 p.m.