Games Industry News- Page 67 of 123

CD Projekt Red Execs Getting Huge Bonuses Despite Cyberpunk 2077 Launch Fiasco

May 4, 2021 Marc Marasigan Comments

CD Projekt Red executives are apparently getting substantial bonuses despite the controversial Cyberpunk 2077 meme-worthy launch. For those who haven’t been following news about the now-infamous launch, the sci-fi RPG launched last year riddled with bugs and was virtually unplayable on nearly every platform, especially on last-gen consoles. The studio’s executives later released a statement apologizing for the broken game [...]

Square Enix Denies Acquisition Rumors Spreading Through The Internet

April 17, 2021 Marc Marasigan Comments

Rumors that Square Enix was being bought out spread like wildfire across the internet a few days ago following a Bloomberg report that several firms were looking to acquire the Japanese company. The rumors have turned out to be untrue as Square Enix confirmed in their official statement regarding the matter. According to GamesIndustry.biz, Square Enix denied any announcement of [...]

Epic Games And Apple CEO’s And Other Execs To Testify At Next Month’s Anti-Trust Trial

April 15, 2021 Marc Marasigan Comments

Epic Games and Apple have submitted their preliminary witness lists in preparation for the start of the federal anti-trust trial next month. Witnesses include executives from both companies, including Epic Games CEO Tim Sweeney and Apple CEO Tim Cook, along with executives from Microsoft, Nvidia, Facebook, and Match Group. According to GamesIndustry.biz, Cook will be taking the stand for two [...]

Epic Games Completes $1B Funding Round, Receives $200M Investment From Sony

April 14, 2021 Marc Marasigan Comments

Epic Games has secured $1 billion in a recently-completed funding round. The amount includes a $200 million “strategic investment” from Sony who already owns a minority stake in the Fortnite company following an investment of $250 million in July 2020. “We are grateful to our new and existing investors who support our vision for Epic and the Metaverse,” said Epic [...]

Apple Points To Microsoft And Nintendo As Competition To Counter Epic Games’ Anti-Trust Lawsuit

April 13, 2021 Marc Marasigan Comments

The start of the Epic Games vs. Apple trial is just a month away and both companies are using what little time is left to throw a few more jabs at each other before the main event. According to Reuters, both companies have filed their opposing position statements with the California District Court last Thursday in preparation for the upcoming [...]

Chronicles Of Elyria Lawsuit Defendants Deciding If They Should Challenge The Complaint

April 8, 2021 Marc Marasigan Comments

chronicles of elyria window thief banner

The legal proceedings in the class-action lawsuit against Chronicles of Elyria developer Soulbound Studios and third-party payment processor Xsolla are moving forward following the official filing of the complaint back in February. According to the lawsuit’s Discord, the defendants are now in the process of deciding whether or not they should challenge the complaint based on various legal grounds. “This [...]

Enad Global 7 Announces Acquisition Of Russian Publisher And 4Game Platform Operator Innova

April 6, 2021 Marc Marasigan Comments

After purchasing Daybreak Games late last year, Enad Global 7 is once again finalizing the process of acquiring yet another video game company. The European holding company has struck a deal with Russian publisher Innova to acquire the company for $109.8 million. The announcement was made back in February during EG7’s Q4 investor presentation. Innova operates the 4Game distribution platform [...]

ESA Confirms E3 2021 Will Be Free Amid Rumors Of Paywalled Content

April 2, 2021 Marc Marasigan Comments

The Entertainment Software Association has confirmed that this year’s E3, now called Electronic Entertainment Experience, will be free-to-watch despite rumors to the contrary. According to the Video Games Chronicle, multiple sources claimed that the ESA had pitched an idea to hide some of the event’s contents behind a paywall and charge $35 for exclusive on-demand demos and a premium package [...]

Nielsen Holdings Shuts Down Video Game Market Data Analyst SuperData

April 2, 2021 Marc Marasigan Comments

SuperData is being shut down by parent company Nielsen Holdings after nearly 12 years of delivering video game-related market data to its online readers. The decision to shut down the data-reporting site is part of Nielsen’s plans to merge gaming services into Nielsen Sports. “We have decided to wind down SuperData business operations,” a Nielsen representative told The Esports Observer. [...]

Chinese Police Raid $76M Video Game Cheating Ring, $46M Worth Of Assets Seized

April 2, 2021 Marc Marasigan Comments

The Chinese police, in collaboration with Chinese tech giant Tencent, recently conducted an operation against a massive organization that designed and sold cheats for popular games such as Call of Duty Mobile and Overwatch. According to BBC, 10 people were arrested and around $46 million worth of assets, including several luxury cars, were seized during the raid in Kunshan, a [...]

« 1 … 65 66 67 68 69 … 123 »