Roblox Corporation is the latest video game company to buckle under the financial problems sweeping across the industry. Despite continually rising revenues, the company’s profits continued to plummet to the point that they were spending more than they were earning. In an effort to reduce its losses, the Roblox developer has made the unfortunate decision to lay off around 30 [...]
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Earlier this week, Unity Technologies finally responded to the intense backlash that it received over its new Unity runtime fees. The company offered a general apology and promised that they’ll be making changes to the policy in an effort to appease the video game development community. The company has now outlined proposed changes to the controversial fees and apologized once [...]
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The UK Competition and Markets Authority’s long-running investigation into the Microsoft-ABK merger looks like it will soon be coming to an end in favor of Microsoft. After much ado, the regulatory agency has given its preliminary approval for the $69 billion deal after Microsoft agreed to restructure the deal to give Ubisoft perpetual cloud streaming rights to all existing Activision [...]
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Fortnite studio Epic Games recently settled a Children’s Online Privacy Protection lawsuit filed by the U.S. Federal Trade Commission to the tune of $245 million. The FTC has now set up a page for those who want to request refunds for premium item purchases made between January 2017 and September 2022, credit card charges unknowingly made by a child below [...]
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It’s been a rough week for Square Enix financially as the Final Fantasy studio saw its stock value drop a whopping $2 billion and its stock prices plummet by 28%, its lowest point this year. As a result, several analysts have reduced their price target for the company, which in turn has caused investors to rethink their investments, one of [...]
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Developers aren’t the only ones protesting Unity Technologies plans to add runtime fees as several of the company’s employees have decided to leave rather than be a part of its new money-making scheme. Senior Software Engineer Jono Forbes and other developers who opposed the runtime fees recently tendered their resignations after the company ignored their advice and announced the pricing [...]
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Earlier this week, Unity Technologies faced massive backlash from video game developers when it announced its plans to add “runtime fees” for the Unity game engine. Basically, the company will be charging developers a small fee for every installation of a game that uses the engine on top of the annual licensing fee. The said runtime fees could reportedly be [...]
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Embracer Group’s failed $2 billion partnership deal is generating bigger waves than we initially expected. With the company undergoing major restructuring, cancelling games, and laying off employees to stay afloat, its now reportedly considering selling off Gearbox Entertainment and its portfolio of MMOs. According to Reuters, the Swedish video game holding company is currently talking with advisors on potentially selling [...]
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A former Cloud Imperium Games developer has spoken out about his views on the studio’s management of Star Citizen’s development. The exposé comes hot on the heels of our report on the game’s total crowdfunding numbers and layoffs within the studio. The anonymous developer, who reportedly worked on multiple gameplay systems for the sci-fi sim in the seven years that [...]
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BioWare will be joining the growing list of development studios and publishers that have undergone some form of restructuring to better cope with the economic challenges being faced by the video game industry. According to General Manager Gary McKay, restructuring will allow them to become a “more agile and focused” studio but will unfortunately require them to layoff several of [...]
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