Nexon reported Q3, 2019 earnings today which exceeded analyst expectations, resulting in a 10% jump in the company's stock price. The highlights for the quarter included record high revenues for MapleStory. Despite the game being 16 years old, revenues for it are at an all time high. “Around the world, players are showing a growing preference for games supported by [...]
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Over the past few weeks, Blizzard Entertainment has been in the middle of a PR nightmare following the controversial suspension of pro Hearthstone player Blitzchung over pro-Hong Kong statements and the resulting calls to boycott the studio. With BlizzCon 2019 right around the corner, the gaming community seems to be scrutinizing Blizzard’s every move including how the World of Warcraft [...]
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Catnip Games, an Austin-based studio headed by former Portalarium CTO and President Chris Spears, has just acquired Portalarium’s operating assets including their flagship fantasy MMORPG, Shroud of the Avatar. The announcement was made by Executive Producer Starr “DarkStarr” Long on the game’s official forums yesterday. “Chris has successfully led the design and the team for many years, he is an [...]
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Over the past couple of weeks, new game development studios have been popping up like mushrooms after a rainy day. Here’s another one from former Bungie CEO Harold Ryan. After being MIA for more than three years, Ryan re-emerges to announce a new multi-studio game company called ProbablyMonsters. ProbablyMonsters employs a non-traditional business structure to develop AAA games. Basically, it’s [...]
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Another band of former ArenaNet employees have come together to form a new studio called Tenacious Entertainment.
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A few days ago, Ultima Online and Star Wars Galaxies Lead Designer Raph Koster announced his new game development studio called Playable Worlds. The studio was co-founded together with veteran strategic advisor Eric Goldberg who also serves as the studio’s head of business, strategy, and corporate development. Playable Worlds is already hard at work on their flagship MMO with $2.7 [...]
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Earlier this year, independent developer ReadyUp Studios launched a successful Kickstarter campaign to fund the development of their action sandbox MMORPG, Oath. According to the game’s Kickstarter video, ReadyUp will use the funds for new content such as character model updates, animations, new enemies, and sound effects among others. That job went to Ocean Spark Studios who is now accusing [...]
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ArenaNet President Mike O’Brien has just announced that he will be leaving the company to form a new studio with some of his friends. The announcement was made through a post on the Guild Wars 2 official website earlier today: “For the past two decades we’ve gotten to work with brilliant developers and advisors, we’ve enjoyed an amazing relationship with [...]
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Chinese tech giant Tencent will become even bigger as they enter into a share purchase agreement with Norwegian video game company Funcom. According to the official press release, Tencent has agreed to purchase 29% of Funcom’s shares making Tencent the company’s largest shareholder once the deal pushes through. Tencent also owns shares in many of the world’s top game companies [...]
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OnceLost Games, a new studio founded by veteran developers of The Elder Scrolls, have just revealed that they’re working on a new RPG. The details of their flagship game remain a mystery aside from the few tidbits of information that the studio revealed on their official site: “We're hard at work on our debut role-playing game title, which will be [...]
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