gaming industry

Arnaud Muller, the European CEO of Bandai Namco Holdings ADR (OTC:NCBDY), is optimistic about the video game industry despite the significant upheaval over the past two years, with an estimated 20,000 layoffs and numerous studio closures. “I would call 2024 the year of stabilisation,”...

The U.S. video game industry saw a notable 10% increase in spending this July compared to the same time last year, according to Circana's latest report. This resurgence was evident across all categories — hardware, content, and accessories — indicating a market bouncing back from previous declines...

Ubisoft Entertainment SA‘s (OTC:UBSFF) ongoing restructuring efforts have resulted in another round of layoffs, this time impacting staff across two of its U.S.-based studios. The French video game publisher, known for blockbuster franchises like Assassin’s Creed and Tom Clancy’s...

After enduring a challenging 2023, the video game industry is reportedly beginning to show signs of recovery. According to the latest from DDM Games Investment Review (via GamesIndustry.biz), the first half of 2024 has seen a significant increase in investments, suggesting renewed activity and...

Embracer Group AB (OTC:THQQF) released its financial results for the first quarter of its 2024 fiscal year, revealing a 24% year-on-year decline in net sales, amounting to $754 million (7.9 billion SEK). Q1 2024 Financial Breakdown: Key Insights And Revenue Trends The first quarter of 2024...

Sega Sammy Holdings Inc (OTC:SGAMY) reported its financial results for the first quarter of the 2024 fiscal year, revealing a mixed performance with notable strengths in its video game segment, despite an overall decline in net sales. The results for the three months ended June 30, 2024, indicate...

Microsoft Corp.‘s (NASDAQ:MSFT) Blizzard Entertainment is expanding its operations with the formation of a new AA studio. According to Windows Central, this new studio will focus on developing games centered around Blizzard’s established franchises, such as World of Warcraft, Overwatch...

Elden Ring reclaimed its position atop the best-seller charts in June 2024, largely driven by the success of its highly anticipated expansion, Shadow of the Erdtree. Shadow of the Erdtree Fuels Elden Ring's Resurgence The release of Shadow of the Erdtree has injected new life into Elden Ring,...

Nintendo ADR (OTC:NTDOY) has reported a substantial decline in sales and net profit for the first quarter of FY2025, marking a challenging period in the eighth year of the Nintendo Switch’s lifecycle. The company attributes this decline to a relatively quiet release schedule compared to the...

The U.S. Senate passed the Kids Online Safety Act (KOSA) on Wednesday along with the Children and Teens’ Online Privacy Protection Act (COPPA 2.0). As per GamesIndustry.biz, these bills — approved in a bipartisan 91-3 vote — aim to introduce stricter regulations for tech companies, with far-...

Microsoft Corp. (NASDAQ:MSFT) has fully unveiled its plans for gamescom 2024, promising live broadcasts and game showcases over three days. From Aug. 21 to Aug. 23, the tech giant will host a series of daily streams directly from its Xbox booth, giving fans a closer look at some of the most...

Microsoft Corp‘s (NASDAQ:MSFT) latest earnings report reveals a mixed bag for its Xbox division. Hardware sales have taken a significant hit, dropping 42% year-over-year in the fourth quarter. This follows a 31% decline in the previous quarter, and although there was a slight uptick of 3% in...

The East Asia games market, a pivotal player in the global gaming industry, is projected to experience a slight downturn in 2024. According to the latest report by Niko Partners (via GamesIndustry.Biz), the market, which generated $30.1 billion in 2023, is expected to contract by 2.9%, resulting...

Bethesda Game Studios has become the first Microsoft-owned game developer to fully unionize under the Communication Workers of America (CWA). The union, consisting of 241 developers, includes artists, engineers, programmers and designers, marking a significant shift in the industry's labor...

About 82% of American gamers made in-game purchases in freemium titles last year, according to Comscore’s 2024 State of Gaming Report (via GamesIndustry.biz). The report, published in partnership with in-game advertising platform Anzu, provides a comprehensive look at gaming habits,...