It’s been a rough quarter for Krafton as the South Korean video game developer and publisher sees its first quarterly net loss since the company went public in 2021. During its Q4 2022 investor call, the studio reported $1.47 billion in total revenue and a 15.5% increase in operating profit for the entire 2022 period despite a 1.7% drop in [...]
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Earlier this week, Activision Blizzard CEO Bobby Kotick appeared on CNBC for a very rare live interview, presumably in response to the UK’s potential rejection of the company’s merger with Microsoft. But, instead of trying to appease the UK Consumer and Markets Authority (CMA) that’s been running the deal through a fine sieve since its announcement, Kotick decides to talk [...]
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The UK’s Competition and Markets Authority (CMA) has been looking over Microsoft’s shoulder over antitrust concerns since the tech giant announced its plans to acquire Activision Blizzard. It’s investigation into the matter has now come to an end with the unsurprising conclusion that the merger will be detrimental to competition and subsequently to UK gamers. “The CMA provisionally found that [...]
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Steam Next Fest, the digital platform’s indie game showcase event, officially kicked off yesterday with demos for over a thousand new and upcoming titles. Among those is a smattering of multiplayer and MMO games that might just pique your interest. We’ve listed some of the notable new titles below: Uncharted Waters Origin – the next installment in the Uncharted Waters [...]
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Cloud Imperium Games, also known as the fictional company Roberts Space Industries, is inviting Star Citizen fans to this year’s CitizenCon which will be held in-person for the first time since the pandemic forced the studio to hold digital conventions instead. “It’s time once again to celebrate all things Star Citizen, most importantly YOU, the community who makes everything in [...]
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While next weekend’s IGN Fan Fest will mostly showcase films and single-player games, several noteworthy MMOs will also be featured during the livestream. The all-digital fan event promises new trailers, announcements, and reveals for several well-known titles and franchises including Elder Scrolls Online, Diablo 4, and Arkane Studios’ upcoming vampire co-op shooter Redfall. Diablo 4 in particular will be getting [...]
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Activision Blizzard reported record quarterly bookings of $3.57B for Q4 2022. Revenue came in at 2.33B. The difference between these 2 figures can be explained by accounting standards. When a customer purchases a 1 year subscription to World of Warcraft, the entire purchase price would count as 'bookings' but revenue is only recognized in pieces as each month passes. Q4 [...]
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Phoenix Labs has taken its first step towards emancipation after having secured an investment that has allowed the Dauntless developer to buy itself out from Garena, the game development and publishing division of Singapore-based internet company Sea Limited. Garena acquired Phoenix Labs in 2020 for $150 million following the extremely successful launch of its free-to-play monster-slaying game Dauntless which transitioned [...]
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It’s been a very busy year for indie studio Kindred Games as its small dev team continues to develop and add new content for Swords ‘N Magic and Stuff. Over the past few months, the team has managed to revamp the multiplayer RPG’s magic system, rework its tutorial for the third time, and introduce a mount leveling system, a loadout [...]
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The last few months have been rough for the video game industry and the tech industry in general with thousands of employees being laid off as company’s try to cut costs. NCSoft West is the latest company to add to that growing number as the western branch of the South Korean developer and publisher lays off 20% of its workforce. [...]
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