Games Industry News- Page 4 of 123

Unity Ultimately Scraps Controversial Runtime Fees A Year After Its Announcement

September 14, 2024 Marc Marasigan Comments

In a not-so-surprising turn of events, Unity Technologies has officially scrapped its highly controversial Runtime Fee pricing model for Unity. The decision, which follows months of community outrage and the eventual resignation of former CEO John Riccitiello, was announced by Unity’s new CEO Matt Bromberg, who issued a formal apology on behalf of the company. “After deep consultation with our [...]

Enad Global 7 (Owner of Daybreak Games) Acquires Palia Developer Singularity 6

July 1, 2024 Omer Altay Comments

Enad Global 7, the owner of Daybreak Games (think EverQuest, Dungeons & Dragons Online, DC Universe Online, etc), announced today that they acquired Singularity 6, the developer behind the free to play 'cozy' farming simulator Palia. No terms were disclosed, but Enad Global 7 did say they would fund the acquisition with cash on hand, which stood at ~$9m last [...]

Square Enix Reports Full Year Earnings, MMO Revenue Down 11% Year over Year

May 13, 2024 John Silver Comments

Square Enix released its full-year earnings report for the period from March 31, 2023, to March 31, 2024, revealing a notable decline in MMO revenues, which were down ~11% year over year. MMO Business Performance: Revenue Decline: MMO revenues, encompassing "Final Fantasy XIV" and "Dragon Quest X," dropped by approximately 11% in Japanese Yen terms. The vast majority of MMO [...]

Black Desert Online And Mobile Were Pearl Abyss’ Biggest Money Makers For Q1 2024

May 12, 2024 Marc Marasigan Comments

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While other video game companies are still struggling to recover from the post-pandemic crash that hit the industry, Pearl Abyss continues to show consistent performance over the past year as revealed in its Q1 2024 financial report. The South Korean publisher wrapped up the first quarter of the year with roughly $62 million in revenue (85.4 billion KRW), a half [...]

EA Reports Apex Legends Lifetime Revenue Is $3.4B

May 7, 2024 Omer Altay Comments

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Electronic Arts reported their latest quarterly earnings today and inside the release the company mentioned that lifetime revenue for Apex Legends since its February 2019 release is $3.4B, which makes it one of the most successful games of all time. Just to put this number in context, RuneScape's lifetime revenue over its 23 year history is only $1.5 billion! Technically [...]

The Crew Players Review Bomb Sequels, Says ‘If Buying Isn’t Owning, Piracy Isn’t Stealing’

May 2, 2024 Marc Marasigan Comments

Now that The Crew has been completely wiped from all storefronts and user libraries, the multiplayer racing game’s fans have resorted to review-bombing The Crew 2 and The Crew Motorfest in protest of Ubisoft’s decision to revoke all access to the original game following its closure. Stop Killing Games campaign founder Ross Scott took note of the review bombings but [...]

Square Enix Warns Investors To Brace For $140 Million In Losses From Canceled Games

May 2, 2024 Marc Marasigan Comments

Square Enix is still crunching the numbers for its Q1 2024 financial report but it’s already giving investors fair warning that bad news is on the way. The studio revealed in a memo to investors earlier this week that they’re expecting “extraordinary losses” to the tune of $140 million following the cancellation of multiple games in its portfolio. The cancellations [...]

Blizzard Cancels BlizzCon 2024, The Same Year That Warcraft Turns 30 Years Old

April 29, 2024 Marc Marasigan Comments

With Warcraft celebrating its 30th anniversary this year and World of Warcraft its 20th, you’re probably expecting a big celebration at BlizzCon this year. You’re in for a big disappointment though as Blizzard has decided to cancel this year’s fan convention altogether. “After careful consideration over the last year, we at Blizzard have made the decision not to hold BlizzCon [...]

Steam’s Updated Refund Policy Now Enforces A Playtime Limit On Early Access Games

April 25, 2024 Marc Marasigan Comments

Valve is giving Steam users another reason to stay away from early access games as it expands its refund policy to include early access titles. Prior to the policy changes, Steam users could request a refund no questions asked two weeks after purchasing a fully launched title, provided that they haven’t reached the two-hour playtime limit. They could also sink [...]

Most Game Developers Are Doubtful About The Sustainability Of Live Service Games

April 25, 2024 Marc Marasigan Comments

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Over the past few years, we’ve seen the video game industry shift from one-off buy-to-play titles into live service games which now make up a good chunk of the market. If done right, live service games have the potential to generate continuous revenue for developers and publishers. The drawback is that they also require constant upkeep to roll out regular [...]

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