Games Industry News- Page 47 of 123

Perfect World Entertainment Has Been Renamed As Gearbox Publishing

April 22, 2022 Marc Marasigan Comments

In line with Embracer Group’s acquisition of Perfect World Entertainment in North America, video game and media holding company is renaming PWE’s North American arm as Gearbox Publishing. Embracer officially acquired the publisher earlier this year along with its subsidiaries, including Cryptic Studios and Runic Games, and placed them under Gearbox’ umbrella where they continue to operate independently. “Early in [...]

Enad Global 7 Is Moving Out Of Russia Due To ‘Continuing Uncertainties’ In The Region

April 21, 2022 Marc Marasigan Comments

Swedish video game holding company, Enad Global 7, is in the process of cutting all ties with Russia citing the ongoing “uncertainties” in the region as the main reason behind the move. The company is now looking to sell Innova a year after they acquired the MMORPG publisher in April 2021. The publisher is currently has its headquarters in Luxembourg [...]

China Bans Unapproved Video Game Livestreams, Lifts Game Licensing Freeze

April 21, 2022 Marc Marasigan Comments

china livestream ban streamer stock photo

The Chinese government has implemented new measures in its ongoing campaign to protect its citizens from the supposed evils posed by video games. Reuters reports that China’s National Radio and Television Administration has banned all video game broadcasts and livestreams that haven’t been approved by the related government agencies. These include coverage of overseas competitions and games. “For a period [...]

Playable Worlds Secures Over $25 Million In Series B Funding Round

April 21, 2022 Marc Marasigan Comments

Raph Koster and his new development studio, Playable Worlds, have secured another $25 million in investments in their Series B funding round. The round was led by South Korean video game publisher Kakao Games with participation from Galaxy Interactive, Bitkraft Ventures, and new investors Lilith Games and Gainjels. The studio had also raised $2.7 million in seed funding back in [...]

One More Game Announces New ‘Real-Time Tactics’ Game - Spellcraft

April 20, 2022 Marc Marasigan Comments

One More Game, a studio founded by former Riot Games and ArenaNet developers in 2019, have announced their flagship game – Spellcraft. The studio has raised $22 million to fund the game’s development in a recently completed Series A funding round led by global venture capital firm Lightspeed Venture Partners. Spellcraft is touted as both a real-time and strategy game [...]

Microsoft Plans To Place Third-Party Ads In Its Free-To-Play Xbox Games

April 20, 2022 Marc Marasigan Comments

Microsoft is looking to earn a few extra bucks in its free-to-play titles aside from what they’re already getting from microtransactions. The tech giant is reportedly looking into placing ads in some of its Xbox games to generate additional revenue. According to GamesIndustry.biz, Microsoft plans to create a private marketplace where selected brands and companies can purchase ad space for [...]

Bobby Kotick’s Future In Activision Blizzard Following Microsoft’s Acquisition Is Still Unclear

April 19, 2022 Marc Marasigan Comments

activision blizzard ceo bobby kotick banner

After repeated calls for his resignation as CEO of Activision Blizzard, Bobby Kotick still remains in charge in the midst of the sexual harassment and discrimination scandal that rocked the company last year. With Microsoft poised to acquire ABK, it’s still unclear whether Kotick will get to keep his position should the merger be approved as revealed in an SEC [...]

Blizzard Entertainment’s Mike Ybarra President Says They Won’t Be Doing NFTs

April 19, 2022 Marc Marasigan Comments

blizzard entertainment game characters banner

Activision Blizzard is apparently looking into NFTs and play-to-earn mechanics, or at the very least wants to know what the community thinks about them. Several members of the gaming community have reportedly received a survey from British online market research and data analytics firm, YouGov, that contains a question on emerging and future trends in gaming, including NFTs, play-to-earn mechanics, [...]

FBI Says $620 Million Axie Infinity Heist Was The Work Of North Korean Gangs

April 16, 2022 Marc Marasigan Comments

axie infinity blockchain play to earn town square banner

Last month saw Axie Infinity’s Ronin Network get hacked for roughly $625 million worth of Ethereum and USDC tokens in what could be the biggest cryptocurrency heist in history. The FBI have now tracked down the culprits and it’s probably come as a surprise to everyone. According to the federal law enforcement agency, a pair of North Korean gangs known [...]

Animoca Brands Acquires Majority Shares In Life Beyond’s Darewise Entertainment

April 15, 2022 Marc Marasigan Comments

life beyond blockchain nft mmorpg party banner

Darewise Entertainment has sold 70% of its shares to blockchain gaming company Animoca Brands and has partnered with Bored Ape Yacht Club to integrate blockchain and Web3 technology into their upcoming game Life Beyond. Life Beyond, formerly Project C, is a SpatialOS-powered sci-fi survival sandbox MMORPG that features a dynamic ever-evolving world where player choices matter. The game promises a [...]

« 1 … 45 46 47 48 49 … 123 »