Games Industry News- Page 102 of 123

Trion Worlds Acquires Marvel Heroes Developer Gazillion Entertainment

June 27, 2018 Omer Altay Comments

Trion Worlds, the company behind ArcheAge, Trove, and Rift, acquired the assets of the now defunct game developer Gazillion Entertainment which previously published Marvel Heroes. Trion acquired "Gazillion licenses, trademarks, patents and domains, in addition to its library of games." Gazillion Entertainment shut down after Disney chose not the renew the Marvel license with the company. Even with today's acquisition [...]

Blizzard Is Trying To Patent Overwatch Play Of The Game Feature

June 27, 2018 E Tay Comments

At the end of each Overwatch match, players are shown a short clip titled 'play of the game' which highlights the best play during the match. The few seconds captured are usually pivotal moments in a match that swung the round in one team's favor. The Play of the Game feature has proven to be very successful, with players often [...]

Roblox Raises Funding At Up To $2.4 Billion Valuation, Nears Minecraft's Sale Price

June 26, 2018 E Tay Comments

PitchBook, a financial data company, reports that Roblox is in the process of raising up to $150 million at a $2.4 billion valuation that rivals Minecraft's price tag. Microsoft purchased the studio behind Minecraft back in 2014 for $2.5 billion. Roblox is a free to play game that empowers players to create their own worlds and mini-games. The sandbox and [...]

PUBG Hits 400m Total Players, 227m Monthly Active Users, and 87m Daily Active (Counting Mobile)

June 19, 2018 Omer Altay Comments

Bluehole announced today that their hit battle royale game Playerunknown's Battlegrounds hit an epic milestone this week: 400 million total players. The data is broken down as such: 400 million total players 227 million monthly active users 87 million daily active users While Playerunknown's Battlegrounds has been steadily bleeding users (down 50% since January, 2018) on the PC, the game [...]

Nexon Acquires Control Of Mobile Game Developer NAT Games

May 31, 2018 Marc Marasigan Comments

South Korean publishing giant Nexon has grown even bigger when it acquired majority control of NAT Games. NAT Games is a Korean game developer known for their free-to-play mobile ARPG Heroes of Incredible Tales, or HIT. HIT was published by Nexon in 2016 and was a global success. The mobile game has since been downloaded over 25 million times. Overhit, [...]

Highest Grossing Games of April, 2018 - Fortnite Made Almost $300 Million in April

May 24, 2018 Omer Altay Comments

Gaming analytics firm Superdataresearch just released their tables for the highest grossing games on PC, Console, and Mobile for the month of April 2018 today and Fortnite continues to bring in the big bucks. Fortnite was #5 on the PC list but took the #1 spot on console. All platforms combined (PC, Console, and mobile) the game made a whopping [...]

Tencent Buys Majority Stake in Path Of Exile Developer Grinding Gear Games

May 21, 2018 E Tay Comments

The Chinese gaming juggernaut Tencent has acquired a majority stake in New Zealand based Grinding Gear Games, best known as the studio behind the Action-RPG Path of Exile. Tencent now owns 80% of Grinding Gear Games, but no dollar figures were released. We'll likely get those numbers during Tencent's next earnings report. In the mean time, GGG says Tecent's invest [...]

Ubisoft Reports Increased Revenue; The Division 2 Launch Confirmed

May 18, 2018 Marc Marasigan Comments

So far, it’s been a good year for the video games industry with most video game companies reporting high revenues for fiscal year 2018. French publisher Ubisoft Entertainment also posted strong financial results with a 19% increase in revenue at $2.04 billion, and a net income increase of 29% at $164.7 million according to GamesIndustry.biz. Ubisoft’s increased revenue is largely [...]

Fortnite Has Over 40 Million Monthly Active Users

May 16, 2018 Omer Altay Comments

Tencent reported its Q1 2018 earnings earlier today and inside of it came an interesting nugget of information. Tencent reported that the wildly successful battle royale game Fortnite now has "over 40 million monthly active users across PC and console". The reason this came out during Tencent's earnings report is because they're a big shareholder in Fortnite's developer, Epic Games [...]

Boss Key Productions Employees Were Seemingly In The Dark About Studio’s Closure

May 15, 2018 Marc Marasigan Comments

Finding out that your company is shutting down is devastating for any employee, finding out about it first from your 10-year old daughter just adds insult to injury. This is apparently what happened to Radical Heights Lead Producer Ron Lajoie when Boss Key Studios suddenly closed its doors yesterday. Tfw your 10yr old daughter sends a screenshot of the press [...]

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