Microsoft’s recent financial filings and earnings call (Q3 of 2024) revealed a concerning trend: Xbox console (X/S) sales have dropped by a staggering 31% year-on-year basis. This decline is a stark contrast to the company’s competitors, Sony and Nintendo, who have maintained a stronger foothold in the hardware market. Microsoft’s Gaming Revenue Soars Despite Console Sales Slump…
Meta and Microsoft have teamed up again, this time to create a limited-edition Meta Quest virtual reality headset inspired by Xbox. According to a blog post on Meta’s official website, the tech giants are “working together again to create a limited-edition Meta Quest, inspired by Xbox.” The post provided a teaser image of a Meta Quest…
Krafton, the South Korean gaming giant behind the smash-hit PUBG: Battlegrounds, has acquired a minority stake in Far From Home, the Polish independent studio behind the highly anticipated game Forever Skies. This investment is part of Krafton’s strategy to support promising independent developers and their creative visions. Promising New Title: Forever Skies Forever Skies is…
Last year, two of the biggest names in the genre – Larian Studios’ Baldur’s Gate 3 and Bethesda’s Starfield – were set to go head-to-head in a release date clash. However, Larian made the strategic decision to bring forward Baldur’s Gate 3’s PC launch to avoid a direct confrontation with the Bethesda juggernaut. But what…
SNK, the legendary Japanese video game company behind iconic fighting game franchises like The King of Fighters, Fatal Fury, and Samurai Shodown, has been making headlines lately. In the recently concluded Game Creators Conference ‘24, SNK CEO Kenji Matsubara delivered a captivating presentation titled “What do game company presidents think?” In this lecture (reported by…
Embracer Group, the Swedish gaming giant known for acquiring many gaming franchises like Tomb Raider, Borderlands, and The Lord of the Rings, has announced plans to split itself into three distinct companies. These Three New Companies Are? 1. Middle-earth Enterprises & Friends: It is a rebranding of the original Embracer Group. It will be a creative…
North American esports and gaming company GameSquare has recently released its financial report for the year 2023, revealing record revenues of $52 million. This represents a massive 85% increase over the previous year’s $28.1 million in revenues. What Fueled Growth? According to GameSquare’s report, the surge in revenue was mainly driven by the successful integration…
What is Savvy Games Group’s Strategy for Mobile Game Development? The mobile game Monopoly Go has been a major hit for Saudi Arabia’s Savvy Games Group, grossing $2 billion in revenue since its release in April 2023. With this runaway success, the company decided to invest more in mobile game development and acquisitions, with its…
After the monumental success of Baldur’s Gate 3, the renowned RPG developer Larian Studios is gearing up for its next big projects. In a recent Steam blog post, the studio confirmed that it is currently working on two new ambitious game projects based on original IPs. What Can We Expect from Larian’s New Games? While details…
Take-Two Interactive, the renowned publisher behind franchises like Grand Theft Auto, Red Dead Redemption, and Borderlands is laying off 5% of its workforce and canceling unannounced projects worth tens of millions of dollars. What’s Happening? According to a filing with the U.S. Securities and Exchange Commission (spotted by Kotaku), Take-Two estimates that they will incur $160…
