After the successful launch of Shift Up Corp’s initial public offering (IPO), 45-year-old CEO Hyung-Tae Kim has officially entered the billionaire club. According to the Bloomberg Billionaires Index, his stake in the company is now valued at approximately $1.2 billion. The IPO raised an impressive $320 million, with shares surging 18% on the company’s trading debut becoming the…
Shift Up, a South Korean game developer, made a splash on the KOSPI stock market with its recent initial public offering (IPO). The company, known for creating the Stellar Blade, raised an impressive 435 billion won ($320 million) on its first day of trading. This makes this IPO the largest for a gaming firm in South Korea in…
Palworld, the unexpected hit of 2024 and often described as “Pokémon with guns,” is about to get even bigger. Developer Pocketpair has joined forces with Sony Music Entertainment and its subsidiary Aniplex to create a new joint venture called Palworld Entertainment. This joint venture aims to grow the Palworld universe beyond gaming. Let’s dive into the details. What’s the Goal of This Partnership? According…
Saudi Arabia-backed, Esports World Cup (EWC) started in Riyadh earlier this week. The event contains 19 esports tiles and a huge $60 million prize pool, so it’s no wonder big brands want to be part of it. Some people thought the event might struggle because of concerns about Saudi Arabia’s human rights record. However, the…
As we reach the midpoint of 2024, let’s break down which mobile games are captivating players and dominating the charts in revenue and downloads. According to MobileGamer-Biz (via Appmagic), Tencent’s Honor of Kings holds the crown as the highest-grossing mobile game of 2024 so far nearly touching the $1 billion gross revenue mark. When it…
GTA 5 is still one of the most loved video games ever. Millions of people enjoy exploring its big open world and meeting its cool characters. Trevor Philips is one of the fan favorites, and guess what? Rockstar Games once planned a whole story just for him! However, the plan got scrapped, leaving fans wondering about…
Nintendo has just filed two major lawsuits in a Washington federal court, targeting individuals who they claim are facilitating Nintendo Switch piracy: A lawsuit against Modded Hardware and its owner, Ryan Daly, for allegedly providing hardware, firmware, and pirated games. A lawsuit against James Williams, known online as Archbox, for his alleged involvement in operating “pirate shops” and moderating online…
In June 2024, SAG-AFTRA, the union for actors, made a big change to how they work with indie game studios. This change is important for both voice actors and game developers. Let’s break down what happened and why it matters. What is SAG-AFTRA and What is Its Dispute? SAG-AFTRA is the union of over 160,000 performers which includes actors,…
Square Enix, the Japanese company renowned for its RPG franchises like Final Fantasy, Dragon Quest, and Kingdom Hearts, has recently faced scrutiny after a shareholder questioned the company’s business relationship with video game consultancy firm Sweet Baby Inc. They wanted to know if Square Enix was really working with Sweet Baby Inc. and what kind…
RazDog Holdings, a company specializing in interactive media software, has filed a lawsuit against Twitch in the Northern District of California’s courts alleging that Twitch’s homepage and tag system infringe on their patents. Let’s delve into the details: The Crux of RazDog’s Patent Claims According to the filing documents, RazDog alleges that it developed the software in question during…
