Nexon Narrows Down List Of Bidders, Tencent And Kakao Still In The Game

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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 [...]

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Funcom Reports Record-Breaking 2018 Revenues; Announces Exclusive DUNE Development Deal

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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 [...]

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Guild Wars 2 Studio ArenaNet Hit With Layoffs, Projects Under Development Canceled

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 [...]

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Activision Blizzard Reports Q4 Earnings, Layoffs Announced, Netease Partnership Extended

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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 [...]

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Mila Jovovich Stars In Live Action Monster Hunter Film

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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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Steam Lunar New Year Sale 2019 Now In Full Swing, Get $5 Off On First $30 Purchase

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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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