HYBE, the agency behind the globally renowned K-pop band BTS, has recently increased its stake in its gaming division, HYBE IM. This happened in the Makers Fund-led investment round on Tuesday, where HYBE IM raised over $80 million in funding to bolster its gaming development and publishing capabilities. According to the Korea JoongAng Daily, HYBE IM issued 76,924 new…
Just four years after being acquired by Meta (formerly Facebook), the acclaimed game developer Ready At Dawn has been shut down by its parent company. This decision comes as a surprise to many in the gaming and VR industries, as Ready at Dawn was considered one of Meta’s most promising studios. According to reports from Android Central,…
UFL, the next big football simulation video game, will go head-to-head with FIFA and eFootball as of September 12. The game recently ended its beta testing which was a massive hit, with over 1.5 million downloads recorded during this period. Since its first announcement at Gamescom 2021, Cyprus-based developer Strikerz Inc. has high hopes for the game…
Square Enix and Tencent are reportedly joining forces to bring the beloved Final Fantasy 14 to mobile platforms. This news surfaced following the recent approval of an overseas license (Waizi) in China. As reported by Niko Partner, last week, China’s National Press and Publication Administration (NPPA) granted licenses for 15 foreign games to be released in the country. The NPPA follows…
Recent rumors suggest that Warner Bros. Discovery (WBD) might be considering selling a stake in its gaming division, WB Games. The Financial Times report suggests that Warner Bros. Discovery is exploring options to off-load some of its smaller divisions. Among the options on the table is WB Games. This move comes as the company grapples with an over 70%…
Shipyard Games, once a promising pioneer in geolocation gaming, has unfortunately reached the end of its journey. In a recent Discord post (via PocketGamer.biz), Helsinki-based mobile games developer, announced their departure as they were “running out of money.” Set up in February 2017 to take on Pokémon GO, a massive location-based hit, the company attracted a $3 million investment from…
ESL FACEIT Group (EFG), a renowned esports company and tournament organizer, has signed a multi-year partnership with the Esports World Cup (EWC). The Esports World Cup in Riyadh is a massive ongoing event, featuring 22 competitions with a combined prize pool of $60 million. The tournament is currently in its sixth week and is scheduled to conclude on August 25th….
Sony’s Santa Monica Studio, known mainly for the God of War franchise, is reportedly working on a brand new IP. This marks a significant shift for the studio, which has focused on the God of War series for over two decades. Speculation about a new IP began when a user on the gaming forum ResetEra…
Bungie, the renowned developer behind the popular FPS franchise Destiny, recently underwent another round of layoffs. Parsons, Bungie’s CEO, revealed that the company is laying off 220 employees, representing 17% of its total workforce. Of course, the decision was not well-received by both current and former employees, particularly regarding management’s handling of affairs since Bungie’s acquisition by Sony in…
The 5th week of the Esports World Cup 2024 in Riyadh, Saudi Arabia, wrapped up with a bang, showcasing intense competition across three major esports titles. From July 29 to August 5, fans witnessed nail-biting finishes in Rainbow Six Siege, Honor of Kings, and Apex Legends. Let’s dive into the highlights of each competition. 1)…
