Wemade's Stock Drops 30% After Korean Exchanges Delists its WeMix Token (Wemade is Behind Mir 4 and other Blockchain Games)

Looks like there's trouble in the metaverse. Wemade, the South Korean gaming company behind numerous play to earn MMOs including Mir 4, saw its stock price plummet 30% today after its Play 2 Earn token 'Wemix' will be delisted from numerous popular South Korean cryptocurrency exchanges on Dec 8th. The 30% plunge in the company's stock price was the maximum [...]

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Sony Fights Desperately To Keep Call Of Duty Available On The PlayStation

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With Microsoft and Activision Blizzard now in the process of finalizing their $69 billion merger, various government agencies have been scrutinizing the deal over concerns of its effects on free competition, particularly since there’s always the possibility that Microsoft could end up limiting Sony’s access to Activision Blizzard games. Sony itself is also worried that the PlayStation might not be [...]

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The U.S. Federal Trade Commission Is Looking To Block The Microsoft-Activision Blizzard Merger

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The U.S. Federal Trade Commission is preparing to throw a wrench in Microsoft’s $69 billion acquisition of Activision Blizzard. According to news site Politico, the commission is looking to file a federal antitrust lawsuit against the companies to block the deal. “The investigation remains ongoing, but much of the heavy lifting is completed, including depositions of Microsoft chief executive Satya [...]

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Camelot Unchained Studio City State Entertainment Receives Another 15M In Funding

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Camelot Unchained developer City State Entertainment has secured over $15 million in additional funding in the studio’s most successful funding round to date. The latest funding round featured both old and new investors including Mark Jacobs’ newest game studio, Mythic Entertainment, which was acquired by Electronic Arts back in 2006. According to the official press release, the funds will be [...]

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Assassin’s Creed Valhalla Will Be Making Its Way To Steam Along With Other Ubisoft Titles

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After years of being away from Steam, Ubisoft will be returning to the platform with several titles in tow including Assassin’s Creed Valhalla. The Viking-inspired Assassin’s Creed game will be arriving on Steam on December 6th with Anno 1800 and Roller Champions expected to follow suit sometime in the future. December 6th will also mark the release of Assassin’s Creed [...]

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Blizzard Again Attempts To Throw A Wrench In Its QA Workers’ Unionization Efforts

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Blizzard Albany may have gotten the green light to form a union but its parent company apparently isn’t above conjuring up all sorts of hurdles to delay the studio’s QA workers from unionizing. Blizzard Entertainment (the parent company) has filed a request for review with the National Labor Relations Board which effectively impounds all union election ballots until the review [...]

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SEED Developer Suspends All Communication Due To Legal Issues With Sugar Daddy Dating Site

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Klang Games has been slapped with a cease and desist order on any communications and marketing related to its upcoming colony-building MMO, SEED. Weirdly enough, the legal issue currently being faced by the studio was brought on by a seemingly unrelated company, New Life Ventures Inc., which is apparently the owner of the sugar daddy dating site, sugardaddie.com. It’s worth [...]

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Blizzard To Shut Down Multiple Titles In China After Failed Licensing Deal With NetEase

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Blizzard Entertainment will be suspending nearly all of their game services in China after failing to negotiate a new licensing deal with their Chinese publisher NetEase. The partnership between the two companies will officially be coming to an end in January 2023 and unless Blizzard can broker a new deal by that time or find a new publishing partner in [...]

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Nexon Reports Strong Q3 Revenues and Expects Highest Annual Revenue in Company's 28 Year History

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Nexon reported Q3 earnings earlier this week and revenues were up 28% year over year largely driven by the strong performance of MapleStory, FIFA Online 4, Dungeon Fighter Online Mobile, and HIT2 (Heroes of Incredible Tales 2). Q3 Revenues were a record breaking 97.5B Yen (~ $680m) with profit clocking in at 43.3B Yen (~ $300m). South Korea performed particularly [...]

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Activision Blizzard Reports Q3 2022 Earnings - Call of Duty MW2 & Overwatch 2 Were Big Contibutors

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Activision Blizzard reported their Q3 2022 earnings today with top line revenue coming in at $1.78B (down from $2.07B from last year) and net income (profit) of $435m (down form $639m). Weaker results this quarter were due to the timing of their biggest release, Modern Warfare II which launched on October 27 (which is in Q4). Highlights for Activision: Strong [...]

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