Sony is giving Bungie employees a lot of good reason to stay with the company following the studio’s acquisition – 1.2 billion reasons to be exact. Kotaku reports that roughly a third of the announced $3.6 billion that they’ll be paying Bungie will go to its employees with the condition that they remain employed by the company. The incentive will [...]
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Square Enix reported their latest quarterly earnings report last night for the 4th quarter of 2021 with profits up 22% year over year thanks partly due to the successful launch of Final Fantasy XIV: Endwalker, the latest expansion for the critically acclaimed MMORPG. Besides strong sales of the expansion, the game had a "Sharp Rise In The Number of Monthly [...]
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Korean video game company Netmarble is wholeheartedly embracing blockchain technology and will be integrating it into 70% of its upcoming games this year. According to a report by Forbes, 14 out of the company’s 20 planned titles will feature some sort of blockchain mechanic, one of which is a new metaverse called Everybody’s Marble: Metaworld where players will be able [...]
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2021 has been a great year for Electronic Arts Entertainment as shown in their Q3 2022 financial report. According to the report, the fiscal quarter ending in December 31, 2021 was the company’s biggest quarter to date with a total net revenue of $1.789 billion, up by 6.9% quarter-over-quarter. Net revenue for the whole of 2021 also saw a 22% [...]
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With several big-name video game companies under fire because of toxic working conditions, a group of industry veterans have decided to found a new remote development studio where employee wellbeing comes first. The newly-created studio, aptly-called Gardens, is dedicated to growing a culture of collaboration, transparency, and empowerment. “We share a responsibility to care for each other. That means implementing [...]
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When Sony announced that they were acquiring Bungie earlier this week, both companies maintained that the latter will continue to work independently under Sony Interactive Entertainment. Destiny 2 players, however, are worried about what this might mean for the game and the future of the franchise, especially when it comes to multi-platform support. Sony Interactive Entertainment CEO Jim Ryan put [...]
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Video game companies are changing hands left and right this year as another major player in the industry announces one of the biggest acquisitions this year. Sony is currently in the process of acquiring Destiny and Halo franchise developer Bungie for $3.6 billion. According to the official press release, Bungie will continue to operate independently following the acquisition and will [...]
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The Epic Games vs. Apple legal feud is far from over with both companies planning to appeal the presiding judge’s verdict on their big anti-monopoly lawsuit. Judge Gonzales-Rogers neither ruled in favor of both Epic and Apple on their respective lawsuits, which needless to say, didn’t sit well with both companies. The presiding judge found Apple to be in violation [...]
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Gamigo has just opened a new “Launch Department” as part of the company’s efforts to strengthen their publishing arm and expand into new markets. The newly-created department will be in charge of bringing new games to the market and providing publishing support to partnered developers under the leadership of Marcus Behrens as Director of Publishing and Marc Berekoven as Director [...]
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Microsoft announced today that they're purchasing Activision Blizzard for about $69B USD (Nice). The acquisition is the biggest ever in Microsoft's long corporate history and shows that the company strongly believes in the gaming market. Both companies have agreed to the transaction, the deal isn't expected to close until 2023 and there's still a chance regulators may not approve the [...]
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