M&A and Investment

It looks like a legal dispute between Nexon and Ironmace Games has finally been settled. The Dark and Darker developer will have to pay monetary compensation to the South Korean publisher.

Embracer Group continues to recover from its cost-cutting restructuring program. The Swedish company has managed to significantly reduce its net debt over the past 12 months, also struggling with falling game sales.

Sony has released a financial report for the third quarter ended December 31, 2024. The company’s gaming division saw strong growth in both revenue and operating profit.

The Finnish company Remedy Entertainment has announced its financial results for 2024. Among other things, it shared that Alan Wake 2 has finally started to generate profit

Publisher Kepler Interactive, known for releasing games like Sifu, Scorn, and Pacific Drive, announced an acquisition. The company has taken control of the French studio Tactical Adventures.

Proposals continue to be submitted to the State Duma on how to refine the much-discussed bill "On the Activities of Developing and Distributing Video Games in the Russian Federation." Recently, the Organization for the Development of the Video Game Industry (ODVGI) sent amendments to the deputies

As part of its financial report, Paradox Interactive announced an addition to its subsidiary studios. The Bulgarian company Haemimont Games has joined the organization.

After gaining momentum ahead of launch, Kingdom Come: Deliverance II hits its first sales milestone. Here is how it compares to the first game’s figures.

On the evening of February 4, 2025, Kingdom Come: Deliverance II was released on PC, PlayStation 5, and Xbox Series. According to the SteamDB service, the medieval RPG launched on Steam with a strong online presence of 159,351 people

Sumo Group has revealed plans to realign its business strategy, concentrating "exclusively on development services for partners." This shift will lead to a reorganization and could potentially involve layoffs

Bandai Namco Entertainment and Spike Chunsoft announced a new milestone for DRAGON BALL: Sparking! ZERO. The game has sold 5 million copies worldwide

The National Academy of Recording Arts and Sciences of the United States held the 67th annual Grammy Awards ceremony. One of the winners was the remake of the first installment of the iconic Wizardry series

Newegg, an online retailer specializing in hardware, announced that its stock of NVIDIA GeForce RTX 50 Series GPUs was depleted "within minutes." The retailer noted a significant surge in customer interest surrounding the RTX 5080 and RTX 5090 models.

Consumer interest in the Black Myth: Wukong IP remains strong, with merchandise sales for Game Science’s blockbuster rising in China.

On January 29, BioWare's General Manager Gary McKay announced internal changes. According to him, the studio has decided to focus on developing a single project instead of multiple ones — the next title in the Mass Effect franchise.

MY.GAMES has announced a new major milestone for Pathfinder: Kingmaker. In addition to its commercial success, the hit CRPG is now also part of the publisher’s game launcher.

Dungeon & Fighter Mobile was released in China in May 2024 and became a huge success for Tencent and Nexon. According to estimates from analysts at Niko Partners, by the end of last year, the mobile game generated nearly $2.5 billion in China

Pocketpair is expanding its business by launching a publishing label. The Palworld developer plans to partner with other indie studios to help them fund and distribute their games.

Black Myth: Wukong became one of the phenomena of 2024: just three days after its release, its sales reached 10 million copies, and within a month they exceeded 20 million copies. The excitement surrounding it prompted investors to pay attention to other developers from China, claims gaming consultant and journalist Daniel Camilo.

Warhammer 40,000: Rogue Trader has reached a new impressive milestone in just over a year after launch. Owlcat’s latest CRPG has now sold over 1 million copies globally.

NetherRealm Studios has announced a new milestone for Mortal Kombat 1. The game has sold over 5 million units globally since its September 2023 launch.

Sales of "Warhammer 40K: Rogue Trader" reach 1 million copies

Balatro is a rare case of a single-player game that continues to steadily grow its audience without major content updates or DLCs. Here’s some new data on LocalThunk’s deck-building roguelike.

On the morning of January 21, the collectible card game Marvel Snap resumed operations in the United States after a two-day outage that occurred amid a temporary ban on TikTok in the country. During this period, its developers missed out on significant revenue

Cognosphere, the distributor of Genshin Impact, has consented to a $20 million payment to address charges filed by the U.S. Federal Trade Commission.

On January 21, 2025, Second Dinner, the developer of Marvel Snap, announced that the game is once again operational in the United States after addressing issues related to the TikTok ban

Winking Studios, a firm specializing in outsourcing and development, has revealed plans to acquire Mineloader, a studio located in Shanghai

A week ago, Ubisoft announced that it is preparing for a reorganization. Sources at Bloomberg claim that one of the options currently being discussed is the spinoff of a portion of Ubisoft's assets into a newly created company.

Stronghold: Definitive Edition has reached a new milestone in just over a year after its release.

We continue our review of 2024 together with top managers and experts from the games industry (and related fields). Up next is an interview with Shum Singh, managing director and founder of Agnitio Capital.

Will McCahill, the Director of Business Development at the American studio World's Edge, analyzed the positivity levels of user reviews on Steam from 2014 to 2024. According to his observations, reviews have become more negative over time, and this trend is evident across all languages

Dragami Games has shared a new milestone for the Lollipop Chainsaw remaster. The action game turned out to be a success for the Japanese company.

The remastered zombie action game Lollipop Chainsaw is selling well. Developers from Dragami Games announced that in four months, the game has sold over 200,000 copies worldwide.

Grand Games, a mobile studio, has successfully secured $30 million in a Series A funding round with Balderton Capital as the lead investor.

We continue our review of 2024 together with top managers and experts from the games industry (and related fields). Up next is an interview with Nick Matsokin, executive director at MGVC.

Lenovo has introduced the Legion Go S, marking it as the inaugural third-party PC handheld device authorized to operate Valve's SteamOS.

We continue our review of 2024 together with top managers and experts from the games industry (and related fields). Up next is an interview with Vladimir Nikolsky, founder of Utmost Games.

We continue our review of 2024 together with top managers and experts from the gaming industry (and related fields). Up next is an interview with Martin Rabl, head of marketing at GIANTS Software.

DoubleU Games has purchased the Turkish game development company Paxie Games in a deal valued at up to $67 million

Although "Lesta Games" has been registered in St. Petersburg since its founding in 1991, it only purchased its first real estate in the city more than three decades later. The group of companies announced that it became the owner of the "Renaissance Pravda" business center.

PlatinumGames and Square Enix announced that the sales of NieR: Automata have reached a new major milestone. By the end of 2024, the game had sold over 9 million copies worldwide

South Korean DoubleU Games, specializing in social casinos, has decided to diversify its portfolio. It announced the acquisition of Turkish studio Paxie Games, the creators of mobile merge puzzles

Anton Gorelkin, a member of the Russian State Duma and deputy chairman of the committee on information policy, shared new details about the upcoming Russian console on his Telegram channel. In particular, he discussed its technical components.

Sony is boosting its investment in Kadokawa Corporation, positioning itself as the largest shareholder of the parent company of FromSoftware

Sony has strengthened its partnership with Kadokawa by increasing its stake in the corporation. This comes amid reports of a potential acquisition.

The Polish company 11 bit studios has decided to cancel the game codenamed Project 8. They had warned about the likelihood of this outcome last week when they started auditing the project.

NCSoft continues its global expansion by announcing two deals with two game development studios. This is in line with the Lineage maker’s strategy to diversify its portfolio.

2024 has been a big year for indie games, with two major releases — Balatro and Buckshot Roulette — recently hitting new sales milestones.

Not only is Balatro experiencing strong sales, but Estonian solo developer Mike Klubnika has also shared new successes of his creation. He announced that as of today, the horror game about playing "Russian roulette," Buckshot Roulette, has surpassed 4 million copies sold

Last month, it was revealed that Sony is in talks to acquire Kadokawa, a Japanese media conglomerate whose subsidiaries include FromSoftware. Bunshun reported that employees at Kadokawa are hopeful for a successful outcome of the deal.