CD Projekt has released its financial report for the third quarter ended September 30. The company has achieved significant growth in revenue and net profit, with Cyberpunk 2077: Phantom Liberty reaching a new milestone.
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All news and articles about the financial side of the games industry. Private funding, public placements, VC investments, and M&A deals.
The Chinese holding ByteDance will restructure its gaming division. According to Reuters sources, during it the company will close its largest gaming "daughter" of the publisher Nuverse.
TikTok maker ByteDance has reportedly decided to restructure its gaming business. This will likely affect the Chinese tech giant’s main video game arm, Nuverse.
Indie publisher and developer Toge Productions, known primarily for the visual novel about the barista Coffee Talk, decided to expand. The company announced that it has joined the Mojiken Studio.
The Talos Principle 2, the long-awaited sequel to Croteam’s acclaimed first-person puzzle game, has reached its first sales milestone just over two weeks after launch.
nDreams, a British developer and publisher of VR games, has joined Aonic, a gaming conglomerate that owns stakes in OtherSide Entertainment, BKOM Studios and Milky Tea.
Ark: Survival Ascended, a remaster of Ark: Survival Evolved, has reached a new milestone shortly after its Early Access launch on Steam. The developers are now working on console versions of the game
The indie publisher Annapurna Interactive has a subsidiary studio. She became 24 Bit Games from South Africa, which helps companies with the development and porting of games.
Nordcurrent said that the purchase of River End Games will allow it to "take a big step in implementing a strategy to go beyond mobile games."
Newzoo analysts estimate that in the first half of 2023, the ten largest public game publishers earned a total of $54.4 billion. Most of all — Tencent, Sony and Apple.
Publisher Humble Games has joined the list of gaming companies that have carried out layoffs. In a statement to the media, he confirmed that on November 13 he parted with a number of employees.
Blank, a Polish studio composed of former CD Projekt RED developers, has received a strategic investment from South Korean publisher/developer Neowiz.
Stronghold: Definitive Edition, a remastered version of the classic real-time strategy game, has been a success for Firefly Studios. Here’s how the title performed after its recent launch on Steam.
South Korean publisher Neowiz acquired 21.26% of BLANK Studio. Game Studios, which was opened this spring by several former leading developers from CD PROJEKT RED. The purchase cost the company $17 million.
Mortal Kombat has been doing well commercially, according to NetherRealm Studios’ parent company Warner Bros. Discovery. Let’s take a look at its launch sales and compare them to previous titles in the series.
The devtodev analytical platform now belongs to the AppsFlyer marketing company. The amount and terms of the transaction were not disclosed.
Super Mario Bros. Wonder has been a huge success for Nintendo, breaking franchise records in terms of launch sales. Let’s compare its figures to previous titles in the long-running series.
Nintendo has released its report for the first half of FY24 ended September 30. The company saw growth in all the key business metrics, with Tears of the Kingdom driving sales of Nintendo Switch.
GEM Capital Investment Group has sold its stake in The Games Fund to the fund's managing partners Ilya Yeremeyev and Maria Kochmola. For how much — it is not reported.
Devolver Digital is expanding with the announcement of a new M&A deal. The indie publisher has acquired System Era Softworks, which will become its seventh subsidiary.
The American studio System Era Softworks has announced that it has a new owner. It became part of Devolver Digital.
Remedy has released its financial report for the third quarter ended September 30. The company’s losses continue to grow, as it increases investment in game development and aims for long-term success.
As The Outer Wolrds celebrates its fourth anniversary, Obsidian Entertainment has shared updated sales figures for its action RPG. Let’s compare them to other games developed by the studio.
Nintendo has announced that Super Mario Bros. Wonder has set a record for the fastest sales in Europe. In the first three days, the title sold out in the region in a larger circulation than any other games in the series.
Microsoft has released its financial report for the first quarter of FY24 ended September 30. Here are the key takeaways related to Xbox, Game Pass, and other aspects of its gaming business.
Now that Activision Blizzard has joined Microsoft, it has one of the most impressive portfolios of game studios in the industry. Let’s take a closer look at all of its development and publishing subsidiaries, as well as their key IPs.
The console market in Russia is actively growing. Group of companies "M.Video-Eldorado" reported that in the first nine months of 2023, Russians bought 2.5 times more consoles compared to 2022.
Marvel Snap, led by former Hearthstone game director Ben Brode, has been a huge success for developer Second Dinner and publisher Nuverse. Let’s take a look at its revenue and other metrics, as the game celebrates its first anniversary.
Azur Games has announced a new purchase. All the games and the associated IP of the American publisher Tastypill have been transferred to her disposal.
The Marvel Snap collectible card game turned one year old: it was released on October 18, 2022. On this occasion, we decided to look at the indicators of the mobile version of the title and turned to the data of the AppMagic analytical service.
The British publisher and developer Frontier Developments is going to reduce the staff. The company decided to revise its business strategy due to financial problems and the difficult situation in the gaming industry.
Lies of P, a Pinocchio-inspired soulslike from South Korean publisher Neowiz and its subsidiary Round8 Studio, has sols over 1 million units globally. It reached this impressive milestone less than a month after its launch.
Epic Games has introduced a new program to attract games to the Epic Games Store — Now on Epic. It is intended for developers and publishers who decide to place projects already available in third-party PC stores or subscription services in the Epic Games Store.
Soulslike Lies of P has sold over a million copies, according to studio Neowiz. We managed to reach this mark in a little less than a month: the game was released on September 19.
Minecraft remains the best-selling video game of all time by a wide margin. And Mojang has decided to share some new figures and data, as the title approaches its 15th anniversary.
Minecraft has a new achievement. During the presentation of Minecraft Live 2023, Mojang Studio announced that sales of the game exceeded 300 million copies.
The Swedish Fragbite Group has announced the purchase of the Fall Damage studio. The size of the transaction was 20 million Swedish kronor ($1.8 million).
It is over, ladies and gentlemen! Microsoft has completed the record-breaking acquisition of Activision Blizzard after a lengthy battle with regulators in the US and Europe.
The recent Runtime Fee controversy and CEO John Riccitiello’s departure have sparked speculation among some market experts that Unity could be considered an M&A target. Mobile monetization platform AppLovin, which offered to acquire the engine maker last year, was named as a potential buyer.
Metacore Studio has announced that it will soon have its first foreign office. It will be located in Berlin.
Telltale Games has also taken up layoffs. She officially announced that she had cut some of her employees. The reason was "current market conditions".
CD Projekt has shared the launch sales of Cyberpunk 2077: Phantom Liberty, also disclosing the game’s production and marketing budgets. Here is how these figures compare to the base game.
Everspace 2 has reached a new milestone, with its total audience across all platforms exceeding 1.5 million players. Here are the latest data about the game and how it compares to the previous title from Rockfish Games.
Zakazane is a new studio founded in 2022 by games industry veterans aiming to make what they define as “triple i” games. They previously worked on titles like The Witcher 3, Cyberpunk 2077, and Frostpunk.
The Games Fund led the seed round of financing of the young Polish studio Zakazane, founded by people from CD Projekt and 11 bit Studios. He invested $1 million in developers.
The UK’s Competition and Markets Authority (CMA) has released a new statement on its probe into Microsoft’s proposed acquisition of Activision Blizzard. The $68.7 billion deal is now as close to approval as possible.
The new Unity collection is called Runtime Fee. It got its name in honor of the Unity Runtime library set. The company believes that since libraries are installed on users’ devices along with the game, the developer must pay for it. We talked about Unity Runtime with Kirill Shabordin, the founder of Yerevan Cowboys Games, and Alexey Pechenin, the founder of Infinite Art Solutions.
A new document released as part of the FTC v. Microsoft case has shed light on more acquisition prospects discussed at the Redmond-based corporation. None of those deals ultimately materialized, but it is another interesting glimpse into Microsoft’s M&A strategy.
On September 12, the Godot open engine team officially announced the launch of the Godot Development Fund. She will collect donations through him for the development of the engine.
The British studio Jagex may change its owner again. According to Reuters sources, The Carlyle Group investment fund is discussing the sale of the studio with consultants.
WN Media Group has shared the first details about WN Belgrade’23, the upcoming conference for games industry professionals. The event is expected to bring together more than 400 companies and feature talks from renowned devs like Raphaël Colantonio.