TikTok owner ByteDance is retreating from the gaming business and is now seeking buyers for its gaming portfolio. The Chinese tech giant has confirmed it is in discussions with multiple parties, including gaming behemoth Tencent, regarding the sale of its gaming assets. Why is ByteDance Selling its Gaming Assets? In November 2023, ByteDance announced plans…
Hogwarts Legacy has emerged as a true blockbuster, with publisher Warner Bros. WB Interactive confirmed that the Harry Potter RPG sold an astonishing 22 million copies in 2023 alone. For a new IP without direct ties to famous franchise characters, these are incredible sales numbers. Let’s break down the magical success story of Hogwarts Legacy….
Netflix has rapidly expanded its gaming library with currently over 80 titles available to play. This features not only big indie hits like Slayaway Camp but also the AAA title GTA Trilogy. Now, Netflix is reportedly exploring ways to generate additional revenue from its games through advertisements, in-app purchases, and more. What could this shift…
Steam shattered records in 2023, but is the PC gaming platform becoming increasingly dominated by a select few blockbuster titles? According to new data from Video Game Insights, Steam’s revenues are concentrated around breakout hits while smaller games struggle to cut through the noise. Just How Much Are Top Games Earning on Steam? In 2023,…
After harshly criticizing UK regulators last year for initially blocking Microsoft’s Activision Blizzard acquisition, Brad Smith now sings a different tune. Microsoft’s President now calls the UK Competition and Markets Authority (CMA) “tough but fair” after they ultimately approved the revised $69 billion deal. However, the antitrust watchdog didn’t appreciate Microsoft’s strong-arm tactics before conceding…
Now that Bobby Kotick has officially departed his decades-long CEO throne at Activision Blizzard, the floodgates have blown open. Employees who previously feared retaliation are coming forth sharing chilling revelations of intimidation, neglect, and hostility lurking beneath Kotick’s tenured sheen. The Activision Blizzard workspace, marred by controversies, reached a boiling point during Kotick’s reign. From…
With Bobby Kotick officially stepping down on December 29th, 2023, Microsoft has taken the next big step toward more closely integrating Activision Blizzard into its expanding gaming division. And one man now finds himself holding more power than ever before: Microsoft Gaming’s Matt Booty. Microsoft opted not to appoint a direct replacement for Kotick. Instead,…
Sega has some big plans for the Sonic the Hedgehog franchise on mobile devices. The company recently confirmed that multiple new Sonic games for mobile are in development following its acquisition of Angry Birds maker Rovio earlier this year. From Acquisition to Acceleration: The Rovio-Powered Boost Back in August 2023, Sega finalized a deal to…
In a not-so-surprising move, the Chinese government has released a set of strict rules that aimed to curb spending and rewards in online video gaming. This significant development has sent shockwaves through the gaming market, resulting in substantial losses for major players. Let’s delve into the details of these regulations, their immediate consequences, and the…
Earlier this week, Insomniac Games, the studio behind the critically acclaimed Spider-Man titles and the wacky adventures of Ratchet & Clank, fell victim to a cyberattack. Hackers infiltrated their systems, pilfering sensitive employee data and, most tantalizingly, gameplay files for upcoming titles, including the highly anticipated Marvel’s Wolverine. So, what exactly went down? This ordeal…
