Nexon released their Q2 2020 earnings report yesterday with total revenues for the 2nd quarter (April - June) coming in at ~$609M. As with previous quarters, the vast majority of Nexon's revenue comes from PC games (70% PC and 30% mobile). South Korea and China remain the company's most lucrative markets with South Korea accounting for 51% of revenue and [...]
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Just a few hours ago, the internet blew up when US President Donald Trump issued an executive order that prohibits any transactions with WeChat and its Chinese-owned parent company, Tencent pursuant to EO 13873 (Securing the Information and Communications Technology and Services Supply Chain) which was issued in May 2019. “The following actions shall be prohibited beginning 45 days after [...]
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Hundreds of Blizzard Entertainment employees are organizing to demand fair pay, increased sick and vacation times, and other workplace requests. According to Bloomberg, over 870 employees are helping draft a list of demands using the company’s Slack network. Blizzard employees have been complaining of unfair compensation for the past few years but the company’s top brass have yet to implement [...]
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Intrepid Studios is looking to expand their development team as the studio gears up for the start of the Ashes of Creation Alpha tests later this year. The San Diego-based team is looking to fill over two dozen positions and are looking for passionate artists, designers, and engineers of varying skill levels and experience. Newbies are welcome to apply. “Intrepid [...]
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Nexon has shut down their main western headquarters in Orange County, California this week and have canceled all of the studio's in-development titles. According to GamesIndustry.biz, around 60 employees have been affected by the closure of the Irvine office including former Blizzard Entertainment and Carbine developer Stephan Frost who confirmed the unfortunate news on Twitter. Welp, 2020 continues to be [...]
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Tencent is gobbling up video game development studios left and right and is continuing to expand their presence in the gaming industry. Yesterday, we reported that the Chinese entertainment and technology giant had fully-acquired Norwegian studio, Funcom. Now, it looks as if Leyou Technologies will also be joining the mega corporation. A few weeks ago, Sony announced their plans to [...]
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Chinese technology and entertainment giant, Tencent, has bought out Funcom and now has complete ownership of the Norwegian video game development studio. Funcom announced back in January that Tencent had made an offer to buy all of the studio’s shares, and it looks like the deal finally went through. “Following the completion of the voluntary offer, Tencent became the owner [...]
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Back in February, when the world was just beginning to feel the effects of COVID-19, CCP Games made the decision to cancel this year’s EVE Fanfest in Reykjavik, Iceland to ensure the safety of both the fans and their employees. Today, the studio has announced that they’ve also pulled the San Diego EVE event in September along with all EVE [...]
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Two senior Ubisoft executives were placed on administrative leave following allegations of sexual harassment, discrimination, and physical assault earlier this week: Tommy Francois, Vice President for Editorial and Creative Services, and Maxime Béland, the Toronto Office Vice President for Editorial and Works. According to Gamasutra, Béland has since resigned from the company while Francois remains on leave as investigations continue. [...]
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Sony reportedly hired financial advisors to consider purchasing Hong Kong based gaming company which owns the following gaming studios: Digital Extremes: Warframe Splash Damage: Halo: Master Chief Collection and Gears Tactics Athlon Games: Studio developing a new Lord of the Rings MMO with Amazon Games Kingmaker: F2P Game publisher in China Radiance Games: Developer behind Civilization Online Leyou is currently [...]
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