Nexon’s Q3 2024 Highlights: Strong Performance, But Stock Dives 14% Given Elevated Expectations

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Nexon’s third-quarter results for 2024 reveal strong growth and momentum driven by popular game franchises and a few standout new titles. Overall, revenues and profits increased, but the market expected more, which sent Nexon's stock price crashing 14%. Key Financial and Regional Growth Highlights Overall Growth: Nexon reported a 13% year-over-year revenue increase, reaching ¥135.6 billion. Mobile gaming contributed significantly, [...]

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NEXON Korea Unveils Strategic Updates and Exciting Previews at 'Next On' Event

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NEXON Korea recently hosted the 'Next On' event in Seoul, introducing key updates and future directions under the leadership of new Co-CEOs Jungwook Kim and Daehyun Kang. The event highlighted the company's renewed focus on developing new titles following significant personnel and organizational changes in 2024. NEXON aims to enhance its global growth by deepening the IP value of its [...]

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Epic’s Tim Sweeney Plans Disney-Fortnite Metaverse Built with Unreal Engine

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Epic Games CEO Tim Sweeney has some seriously ambitious plans for the future of Unreal Engine, and it involves building a massive metaverse that blends Disney, Fortnite, and Unreal Engine into one giant virtual playground. It’s a bold move, and while the word “metaverse” has become a bit overused (with some high-profile flops along the way), Sweeney is convinced that [...]

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Saber Interactive Announces Avatar: The Last Airbender AAA Action RPG

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Paramount Pictures and Saber Interactive, the developers behind Warhammer 40K: Space Marine 2, have just announced a brand-new AAA action RPG set in the world of Avatar: The Last Airbender. While fans of the animated series have seen plenty of attempts to bring the Avatar saga into the gaming world—some more successful than others—this collaboration might finally be what we’ve [...]

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Epic Games Declares It’s “Financially Sound” After a Year of Rebuilding

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Epic Games, the company behind Fortnite and the Unreal Engine, has officially declared that it’s back on solid financial ground. Following the unprecedented growth many tech companies experienced during the pandemic, Epic and other video game studios expanded aggressively only to find themselves downsizing once things returned to a semblance of normalcy. After a challenging year that included laying off [...]

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Microsoft’s Activision Blizzard Cuts Nearly 400 Jobs As Corporate Reshuffling Continues

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Microsoft’s gaming division, specifically Activision Blizzard, is once again in the layoff spotlight, with around 400 employees facing the axe. Following a memo from Xbox boss Phil Spencer, it was confirmed that the cuts would hit Blizzard Entertainment hard, with roles across California locations—such as Irvine, Santa Monica, and Playa Vista—being targeted. These layoffs are primarily hitting “corporate and supporting [...]

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Nintendo’s Recent US Patent Applications Could Spell Trouble For Palworld

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It’s no secret that Nintendo loves to flex its legal muscles, especially when it comes to protecting its beloved Pokémon franchise. So, when Palworld—a game described by some as “Pokémon with guns”—caught the attention of Nintendo’s lawyers, things were bound to get messy. Last month, the gaming giant officially took legal action against Palworld developer Pocketpair over alleged patent infringement. [...]

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Overwatch Canceled Netflix Animated Series Amid Executive Poaching Drama

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Overwatch fans may never get to see their favorite heroes animated on the small screen, as Blizzard’s once-in-development Netflix series has been quietly shelved. The reason? A lawsuit between Activision Blizzard and Netflix over the poaching of former Activision CFO Spencer Neumann. Yep, it turns out Netflix wooed the exec away mid-contract, and the fallout killed several Blizzard projects, including [...]

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Nintendo Files Patent Infringement Lawsuit Against Pokémon-Like Palworld

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Well, it was bound to happen. Palworld, the smash hit Pokémon-like multiplayer survival game, has officially caught Nintendo’s attention. In a lawsuit filed this week, Nintendo subsidiary The Pokémon Company is accusing Palworld developer Pocketpair of patent infringement, setting the stage for what could be a lengthy legal battle over the game’s creature designs. “This lawsuit seeks an injunction against [...]

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Square Enix Admits Big Final Fantasy Titles Underperformed in Q1 2024

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It’s been a tough fiscal quarter for Square Enix, and even the mighty Final Fantasy franchise couldn’t save the day. In a recently published financial report courtesy of Eurogamer, Square Enix president Takashi Kiryu confirmed that Final Fantasy 7 Rebirth and Final Fantasy 16 both fell short of sales expectations for May 2024. “We released multiple new titles, including major [...]

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