Electronic Arts’ stock prices dropped a whopping 18% last week following the release of the company’s less than stellar Q3 financial report. According to VG 24/7, the stock price drop was EA’s lowest in over decade. The company's stock prices, however, seem to have recovered in the wake of Apex Legend’s surprise release and is now doing better than it [...]
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Screen Gems and Constantin Film's movie adaptation of Capcom’s widely-popular Monster Hunter franchise will hit cinemas on September 4, 2020. The announcement was made by Screen Gems/Sony Pictures last week. The fantasy action movie is being written and produced by Resident Evil writer and director, Paul W.S. Anderson under Constantin Films. Milla Jovovich will again be working with her husband [...]
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Ready your wallets because Valve has just kicked off their annual Lunar New Year sale with noteworthy MMOs such as The Elder Scrolls Online, Black Desert Online, Worlds Adrift, the recently-released Pantropy, and other popular games going for as much as 85% off. This year, Valve will also be giving an additional $5 discount for purchases over $30. That’s on [...]
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Square Enix reported their latest earnings report which covered the 4th quarter of 2018 and the numbers were largely flat, which is disappointing considering Q4 includes Christmas. Company wise net sales for the Oct - Dec quarter came in at 66.8B Yen ($610 million). MMO Revenue (includes Final Fantasy XIV, Final Fantasy XI, and Dragon Quest X) came it at [...]
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After months of dragging their feet, Electronic Arts has finally decided to abide by the Belgian Gaming Commission’s ruling against lootboxes. In a statement on EA’s official site, the publisher announced that they will cease selling premium FIFA Points in Belgium by the end of the month. “After further discussions with the Belgian authorities, we have decided to stop offering [...]
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The ongoing drama surrounding the premature split between publishing giant Activision Blizzard and Destiny 2 developer Bungie continues as Activision faces yet another lawsuit over the recent split. Rosen Law announced last week that they were filing a class action suit against Activision in behalf of investors looking to recover damages from the early termination of Activision and Bungie’s partnership. [...]
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In 2016, Shandong Hongda, a Chinese iron ore mining operations company acquired Runescape developer Jagex in a $300-million-dollar deal. A few months later, Shanghai Fukong, formerly Zhonji Holding, was established to supervise Jagex and the gaming branch of Shandong Hongda. Since the acquisition, Runescape has been raking in revenue, setting record-high profits in 2018 and Jagex even announcing their plans [...]
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A few weeks ago, Improbable and Unity got into a dispute over licensing agreements and SpatialOS’s integration with the Unity Engine. A number of developers were affected by the fallout including Bossa Studios and their sandbox game Worlds Adrift. The event prompted Epic Games to team up with Improbable, pledging a boatload of cash to help out developers who were [...]
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Got $9 billion to spare? That’s exactly how much a South Korean gaming giant is going for these days. Earlier this month, Nexon founder and Kim Jung-ju announced his plans to sell his 98.64% stake in the holding company NXC Corp. NXC Corp. controls 47.98% of Nexon along with two other cryptocurrency exchanges. GamesIndustry.biz reports that the controlling shares are [...]
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2018 was a big year for the video games industry. In fact, video game data research site SuperData called 2018 “the biggest year for digital games and interactive entertainment. Ever.” in their recently published year-in-review report. According to SuperData, the gaming and interactive media industry grew by 13% last year. This is largely due to the rise of cross-platform gaming [...]
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