gaming industry

Black Myth: Wukong soared to the top of the charts in August 2024, according to Newzoo, leading the revenue rankings across six major markets. This action RPG, rooted in Chinese mythology, took the number one spot for overall earnings in the U.S., U.K., Germany, France, Spain and Italy...

Canadian game developer SkyBox Labs has laid off 25 employees, becoming the latest studio affected by the sweeping economic difficulties plaguing the gaming industry. In a statement shared on LinkedIn last week, SkyBox said: “Today we informed our studio that we made a reduction to our staff...

As the gaming world eagerly awaits Rockstar Games' next big move, the burning question on everyone's mind is: “Will Grand Theft Auto VI (GTA 6) make its anticipated 2025 release window, or could it be delayed into 2026?” While official answers remain elusive, former Rockstar Games...

Sony Group Corp's (NYSE:SONY) newly appointed joint CEO Hideaki Nishino reaffirmed that consoles will continue to be “core” to the company's gaming strategy, even as it expands into other platforms. In a recent interview with Japanese publication Nikkei, Nishino, who heads Sony's...

The developer of Palworld, Pocketpair, is considering a potential shift to a free-to-play model for its popular survival crafting game. Since its launch on Steam for $30 earlier this year, Palworld has achieved significant success, drawing comparisons to Pokémon due to its creature-collection...

Microsoft Corp's (NASDAQ:MSFT) latest round of gaming layoffs has impacted key teams at Activision Blizzard, with those behind Call of Duty: Warzone Mobile and Warcraft Rumble bearing the brunt. These layoffs, numbering 650, follow an earlier cut of 1,900 employees this year, bringing the total to...

Microsoft Corp's (NASDAQ:MSFT) recent overhaul of Xbox Game Pass has brought significant changes to the subscription service, impacting how gamers access some of the industry's anticipated titles. As of Sept. 12, 2024, the newly introduced tiers are live, offering different levels of access — and...

Ubisoft Entertainment SA (OTC:UBSFF) faces pressure from a minority shareholder to go private, following the release of Star Wars Outlaws. Slovakia-based hedge fund AJ Investments, which holds less than 1% of Ubisoft’s stock, issued an open letter to the company’s board of directors,...

The PS5 is getting pricer — at least in Japan. What Happened: Sony Group Corp. (NYSE:SONY) has quietly raised the price of its PlayStation 5 in Japan, sparking conversations among gamers and industry analysts alike. The PS5 in Japan will cost 60% more for the disc version and 82.5% for the...

Ubi Soft Entertainment ADR (OTC:UBSFY) recent release of Star Wars Outlaws, developed by Massive Entertainment, has failed to deliver the financial boost the company had hoped for. What Happened: Launched on Aug. 27, the game is the first open-world entry in the Star Wars franchise. The poor sales...

Rocksteady Studios has reportedly laid off several employees following the disappointing performance of its latest title, Suicide Squad: Kill the Justice League. According to reports from Eurogamer, the studio’s quality assurance (QA) team has been particularly hard hit, with 18 out of 33...

NetEase Games, one of the largest gaming developers in China, is reportedly planning to shutter its Tokyo-based subsidiary, Ouka Studios. According to Bloomberg, Ouka Studios, best known for developing the game Visions of Mana, has reportedly undergone significant staff reductions, with sources...

CD Projekt ADR (OTC:OTGLY) enjoyed a remarkable surge in financial performance for the first half of 2024, with both sales and profits seeing a substantial spike. The Warsaw, Poland-based game developer’s latest financial results reveal a 30.7% rise in sales year-on-year, reaching $109...

Raven Software, known for its contributions to the Call of Duty franchise, is making headlines again—this time, not for its gaming achievements, but for a legal battle with its parent companies, Activision Blizzard and Microsoft Corp. (NASDAQ:MSFT). Employees at Raven Software, who established the...

Electronic Arts Inc’s (NASDAQ:EA) EA Sports College Football 25 made a striking debut in July, clinching the No. 1 spot on Newzoo’s overall revenue charts across key markets including the U.S., UK, Germany, France, Spain, and Italy. This latest installment not only emerged as the best-...