Nexon Shuts Down Their Irvine Studio

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Nexon has shut down their main western headquarters in Orange County, California this week and have canceled all of the studio's in-development titles. According to GamesIndustry.biz, around 60 employees have been affected by the closure of the Irvine office including former Blizzard Entertainment and Carbine developer Stephan Frost who confirmed the unfortunate news on Twitter. Welp, 2020 continues to be [...]

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Tencent Is Exclusively Negotiating With Leyou To Buy Them Out

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Tencent is gobbling up video game development studios left and right and is continuing to expand their presence in the gaming industry. Yesterday, we reported that the Chinese entertainment and technology giant had fully-acquired Norwegian studio, Funcom. Now, it looks as if Leyou Technologies will also be joining the mega corporation. A few weeks ago, Sony announced their plans to [...]

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Tencent Has Fully-Acquired Conan Exiles And Secret World Legends Developer Funcom

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Chinese technology and entertainment giant, Tencent, has bought out Funcom and now has complete ownership of the Norwegian video game development studio. Funcom announced back in January that Tencent had made an offer to buy all of the studio’s shares, and it looks like the deal finally went through. “Following the completion of the voluntary offer, Tencent became the owner [...]

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Ubisoft Outlines ‘Structural Shift’ Following Sexual Harassment Allegations Against Two Senior Executives

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Two senior Ubisoft executives were placed on administrative leave following allegations of sexual harassment, discrimination, and physical assault earlier this week: Tommy Francois, Vice President for Editorial and Creative Services, and Maxime Béland, the Toronto Office Vice President for Editorial and Works. According to Gamasutra, Béland has since resigned from the company while Francois remains on leave as investigations continue. [...]

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Sony Hires Financial Advisor to Consider Bid to Buy Leyou, Owner of Warframe

Sony reportedly hired financial advisors to consider purchasing Hong Kong based gaming company which owns the following gaming studios: Digital Extremes: Warframe Splash Damage: Halo: Master Chief Collection and Gears Tactics Athlon Games: Studio developing a new Lord of the Rings MMO with Amazon Games Kingmaker: F2P Game publisher in China Radiance Games: Developer behind Civilization Online Leyou is currently [...]

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Cryptic Studios Celebrates 20th Anniversary With Content Drops For Neverwinter And Star Trek Online

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Cryptic Studios is celebrating their 20th anniversary with content drops for Neverwinter and Star Trek Online along with free anniversary bundles for players. Champion Online players also get to claim an anniversary bundle by simply logging in to the game. “It’s a proud moment for all of us at Cryptic Studios, to be celebrating our twenty-year anniversary,” said Cryptic Studios [...]

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Raph Koster’s Playable Worlds Raises $10M During Their Series A Funding

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Raph Koster’s Playable Worlds has just landed a $10 million investment during their Series A funding led by Galaxy Interactive in partnership with Block.one. The new studio is currently working on a ground-breaking MMO built with cloud-computing in mind. According to the official press release, the MMO promises to open a “pathway to brand new kinds of gameplay and game [...]

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Final Fantasy XIV Fan Fest NA Has Been Cancelled, Patch 5.3 Delayed

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As the COVID-19 pandemic continues its deadly course, numerous video game companies and development studios have already opted to cancel events and conventions that were supposed to be held this year. The latest one to be pulled is Square Enix’s annual North American Final Fantasy XIV Fan Festival which was scheduled for November in San Diego, California. FFXIV Producer and [...]

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