In a major turn of events, Embracer Group has reportedly sold out one of its developer subsidiary Saber Interactive to a group of private investors for $500 million. This move marks a major shift for the Swedish holding company and the future of Saber’s upcoming games. So what exactly does this separation mean? Who Is…
In a surprising announcement, longtime Activision studio Toys for Bob revealed that it is spinning off into an independent game developer. After nearly 20 years as part of Activision, the studio behind Crash Bandicoot and Spyro the Dragon is looking to return to its indie roots. But what exactly does this mean for the future…
ESL FACEIT Group (EFG), a leading global esports tournament organizer, has announced layoffs impacting approximately 15% of its workforce worldwide. This move comes as part of EFG’s efforts to support “sustainable growth ambitions and profitability” according to a statement by co-CEOs Craig Levine and Nic Maisto. How Many Employees Will Be Laid Off? While EFG…
Nintendo has filed a lawsuit against Tropic Haze, the developers behind Yuzu, a popular open-source Nintendo Switch emulator. According to Game File reporter Stephen Totilo the lawsuit, filed in a Rhode Island district court, alleges that Yuzu enables and encourages piracy of Nintendo games. What is Yuzu and Why is Nintendo Upset? Yuzu is a…
Sony Interactive Entertainment shocked the gaming world this week by announcing massive layoffs across its first-party PlayStation studios. Around 900 employees are being let go, representing roughly 8% of PlayStation’s total staff. This sweeping restructuring signals a new era for PlayStation and raises big questions about the future of PS5 exclusives. Which Studios are Impacted?…
Last year, popular live-streaming platform Twitch decided to withdraw services from South Korea citing “exorbitant” operating costs. But as it turns out, pulling out of the Korean market has ended up costing Twitch dearly. Why Did Twitch Leave South Korea? Last year, Twitch decided to withdraw services from South Korea due to excessive operating costs…
Valve Corporation’s Steam platform had a standout 2023, setting new records for concurrent users, gross revenue, and game launches. As outlined in Steam’s recent blog post reflecting on the past year, Steam cemented itself as the premier PC gaming marketplace. How Many Users Did Steam Reach in 2023? In a recent blog post reflecting on…
According to Phil Spencer, the head of Microsoft’s gaming division, cloud gaming accounts for a “double-digit percentage” of the total hours played in Xbox games. This impressive statistic suggests that at least 10% of gameplay hours across Xbox’s entire game catalog occur in the cloud. When you consider the vast number of hours gamers spend on…
Honor of Kings, one of the biggest 5v5 MOBA (Multiplayer Online Battle Arena games), is making waves across the globe. You may have heard of it by its international name – Arena of Valor. Honor of Kings is a multiplayer online battle arena (MOBA) game that has been a phenomenon in China with over 100 million…
According to PC Gamer, Monumental has acquired Game Circus, a renowned developer, and publisher of social casino arcade games. This strategic move not only expands Monumental’s portfolio but also strengthens its foothold in the free-to-play casino category, opening up new avenues for growth and innovation. What is Monumental, and Why Does This Acquisition Matter? Monumental is…
