Since South Korean gaming company Nexon went up for sale in January, we’ve been keeping a close eye on who will be submitting bids for 98.64% controlling shares of the $8.9 Billion company. So far, a number of high profile companies have already joined the bidding war including Amazon, Electronic Arts Entertainment, Kakao Corp., Comcast, and the Tencent, NetMarble, and [...]
Read more
Nexon has been on sale for some time now and all eyes are on who will be bidding for controlling shares of South Korea’s largest gaming company. Last week, Netmarble and Kakao Games backed by Tencent submitted their bids for the Korean gaming giant. According to VentureBeat Amazon, Electronic Arts, and Comcast have also just joined the bidding war. Other [...]
Read more
Funcom has just published their fourth quarter financial report and investors couldn’t be happier. The Norwegian video game developer reveals 2018 to be their most profitable year ever. According to CEO Rui Casais, the studio’s success is largely due to the official launch of Conan Exiles in May last year. “2018 is our best year to date. A year marked [...]
Read more
The 2019 Industry bloodletting continues. Leaks of a massive round of layoffs at ArenaNet were leaked on February 20th and were confirmed by NCSoft which owns ArenaNet, on February 21st. The layoffs are likely due to stalling revenue across NCSoft's PC lineup, and ArenaNet's inability to finish several projects which have been under development for a number of years. The [...]
Read more
Nexon reported their Q4 2018 and full year 2018 earnings report recently which showed that revenues increase 8% year over year from ~235B Yen ($2.12B) to 254B Yen ($2.29B). The jump in growth can largely be attributed to the following: MapleStory revenues increased a whopping 67% year over year thanks to the game's successful Summer update in South Korea Dungeon [...]
Read more
NCSoft reported their Q4 2018 earnings report today that showed ~$354M in revenues for the quarter, which was flat quarter over quarter. NCSoft also released their Q4 2018 sales by franchise figures as well as their year end sales by franchise figures. Mobile games and Lineage were flat quarter over quarter while Lineage 2 sales soared (likely due to a [...]
Read more
Activision Blizzard reported their Q4, 2018 earnings report today which missed analyst estimates; revenues came in at $2.84B while analysts expected $3.04B. The company also laid off ~8% of its total employees (775 employees) in non-development positions, mostly in publishing and eSports. On a more positive note, the company has committed to increasing its development budget with the total number [...]
Read more
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 [...]
Read more
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 [...]
Read more
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 [...]
Read more