perfect world entertainment News

Perfect World Entertainment Has Been Renamed As Gearbox Publishing

April 22, 2022 Marc Marasigan Comments

In line with Embracer Group’s acquisition of Perfect World Entertainment in North America, video game and media holding company is renaming PWE’s North American arm as Gearbox Publishing. Embracer officially acquired the publisher earlier this year along with its subsidiaries, including Cryptic Studios and Runic Games, and placed them under Gearbox’ umbrella where they continue to operate independently. “Early in [...]

Perfect World, THQ Nordic, And Cryptic Parent Embracer Group Donates $2M To Relief Efforts In Ukraine

March 2, 2022 Marc Marasigan Comments

Over the past few days, various video game companies have been donating funds to help support humanitarian operations in Ukraine. Perfect World Entertainment, Cryptic Studios, and THQ Nordic’s parent company, Embracer Group, among them. The Swedish video game holding company and its CEO, Lars Wingefors, have announced that they will be donating a total of $2 million to aid relief [...]

PWE Acquisition Report: Neverwinter Has Logged 20M+ Players And Made $400M+ To Date

December 28, 2021 Marc Marasigan Comments

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While Embracer Group are in the process of acquiring Perfect World Entertainment and its subsidiaries, the former has shed light on some interesting statistics about the latter’s portfolio of games. Of significant note are metrics from Cryptic Studios’ operational free-to-play and buy-to-play MMOs. Embracer’s acquisition report reveals Neverwinter to be Cryptic Studios’ biggest game with over 20 million players to [...]

Perfect World Entertainment & Cryptic Studios To Be Acquired By Embracer Group And Gearbox

December 21, 2021 Marc Marasigan Comments

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Perfect World Entertainment and its subsidiaries, including Cryptic Studios, will soon be acquired by Swedish video game holding company Embracer Group AB, formerly Nordic Games, and Gearbox Entertainment. Once the $125 million deal goes through in February 2022, PWE will become a subsidiary of Gearbox and will continue to publish and develop games as they’ve done in the past with [...]

Echtra Games Turns Over Torchlight 3 To Perfect World Entertainment

May 27, 2021 Marc Marasigan Comments

This week’s Torchlight 3 Spring Update will be the last update that Echtra Games releases for the online ARPG as they turn over development and publishing responsibilities to Perfect World Entertainment. The transition is a result of Echtra Games acquisition by Zynga back in March. Perfect World, however, owns licensing rights to the Torchlight IP which means that the game [...]

CD Projekt Red, Daybreak, And Other Studios Start Working From Home As The COVID-19 Virus Continues To Spread

March 17, 2020 Marc Marasigan Comments

Here we are again with your daily dose of COVID-19-related gaming news. More and more video game companies have transitioned to a remote working setup as an increasing number of countries and states are put under strict lockdown to try and put a stop to the spread of the COVID-19 virus. These companies include Hi-Rez Studios, Rockstar Games, Jagex, ZeniMax [...]

Torchlight Frontiers Is Now Torchlight 3, Releasing in 2020

January 27, 2020 Erhan Altay Comments

Perfect World Entertainment announced today that the third game in the Torchlight franchise has had its name changed from Torchlight Frontiers to Torchlight 3. Besides improving clarity, the new name also marks a significant change in focus. Torchlight Frontiers was to be a much more MMO like experience than the previous titles in the Torchlight series. The plan was for [...]

Perfect World Entertainment Announces Torchlight Frontiers

August 11, 2018 Erhan Altay Comments

On August 9th Perfect World Entertainment revealed a new shared-world Action-RPG game titled Torchlight Frontiers. Frontiers will be the third game in the Torchlight franchise, and based on what we know so far, it will be the most MMO-esque installment yet. Torchlight Frontiers is being developed by Echtra Games, PWE's newest development studio. The new studio is being led by [...]

Jade Dynasty & Swordsman Are Both Shutting Down on June 5, 2018

May 3, 2018 Erhan Altay Comments

Earlier this week Arc Games announced that two of their Chinese-developed MMORPGs would be shutting down. Jade Dynasty and Swordsman are the two causalities, players will be refunded with Arc credit for any purchases they made since February 1st. Cash shop currency is no longer available for sale in either game, but the servers will remain open until June 5. [...]

Gigantic Is Shutting Down On July 31

January 31, 2018 Erhan Altay Comments

In an official statement posted today Perfect World Entertainment announced the upcoming closure of their action MOBA Gigantic. This month's update will be the last for Gigantic, though the servers will remain open until July 31, 2018. The news won't be much of a shock to those who have been following the troubled game's development. Perfect World already closed Motiga, [...]

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