Electronic Arts, Microsoft, and Hi-Rez Studios have joined other video game developers and companies in protesting Russia’s invasion of Ukraine. EA and Microsoft have cut all ties with the invading country while Hi-Rez is taking a more practical route to show their support for Ukraine. In addition to removing the Russian and Belarusian teams from NHL 2022 and their FIFA [...]
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Netmarble is quickly moving forward with their plans to integrate blockchain technology into their games with the creation of a new blockchain ecosystem called Marblex (MBX). The South Korean mobile game development studio announced the new cryptocurrency token in an official press release earlier this week: “MBX, a Klaytn mainnet-based blockchain ecosystem, is focused on elevating the excitement of Netmarble [...]
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Activision Blizzard joins other video game companies in supporting Ukraine and condemning Russia for their actions. President and COO Daniel Alegre announced that they will be suspending sales and microtransactions in Russia for all their games and are currently raising funds in aid of those affected by the ongoing conflict. “The company is matching employee donations 2:1 to organizations providing [...]
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Zenith developer Ramen VR joins the growing list of video game companies that have donated money to help humanitarian and relief efforts in Ukraine following Russia’s violent military offensive against the country last week. The US-based indie studio also revealed that they have staff members in Ukraine who have asked them for help. “Our goal with Zenith has always been [...]
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Media and Games Invest (MGI), Gamigo’s parent company, has just released their Q4 2021 financials which shows a net quarterly revenue of €80.2 million, a 65% revenue increase quarter over quarter and 80% revenue growth year over year. The increased revenue was largely generated by the MGI’s media arm which accounted saw a whopping 111% increase in revenue compared to [...]
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The International Game Developers Association (IGDA) has released an official statement voicing their support for Ukraine and urging the gaming development community to show solidarity and condemn Russia for their actions. “The IGDA stands in solidarity with the people of Ukraine during this time of crisis as Russian president Vladimir Putin leads an unprovoked invasion of the sovereign nation and [...]
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Over the past few days, various video game companies have been donating funds to help support humanitarian operations in Ukraine. Perfect World Entertainment, Cryptic Studios, and THQ Nordic’s parent company, Embracer Group, among them. The Swedish video game holding company and its CEO, Lars Wingefors, have announced that they will be donating a total of $2 million to aid relief [...]
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It’s hard for video game companies to not get caught up in the politics of the ongoing war in Ukraine considering that gamers are located all across the globe and come from all walks of life. It’s particularly harder for European developers like Wargaming who have studios and offices located in and around the conflict areas of Ukraine, Russia, and [...]
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Activision Blizzard just can’t seem to catch a break. The controversial video game company is now facing two new lawsuits that revolve around its ongoing acquisition deal with Microsoft. The lawsuits were filed by shareholders Kyle Watson and Shiva Stein against both the company and its board of directors According to Polygon, the lawsuits claim that the financial information that [...]
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Enad Global 7 saw its best quarter to date and a significant boost to its revenue over the last twelve months following its acquisition of Daybreak Games towards the end of 2020. The Swedish video game holding company’s Q4 2021 financial report shows a net quarterly revenue of SEK 573 million, or roughly USD 60 million. This translates to a [...]
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