News
Landmark Games raises $4.6m for co-op title Sea of Souls
The funding round was co-led by Project A Ventures and InReach Ventures
Financials (Page 11)
News
Krafton profits up to $171.5 million despite lowest quarter since 2020
PUBG publisher also announces acquisition of The Ascent developer Neon Giant and plans for new Canada studio
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Bandai Namco H1 sales rise above expectations
Publisher raises forecasts for fiscal year following continued success in 2022
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Unity Q3 revenues are up but losses deepen to $239.6m
CFO says results are "in line with guidance" as firm manages costs in the face of economic turbulence
News
Everybuddy Games raises $15m in series A
The funding round led by Makers Fund will go towards scaling mobile title Lucky Buddies
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Square Enix's H1 sales dip to $1.1 billion, but profits up
Launch of Dragon Quest X and Live A Live unable to provide the same boost as Outriders and Nier Replicant
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Nintendo H1 sales rise to $4.4bn, despite hardware decline
Continued component shortage causes 19.2% drop in Switch consoles sold, but software revenue is on the rise
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Remedy revenue up 7% despite underperforming Alan Wake
Re-release of the popular title did not generate royalties, sequel on track for 2023
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Global Top Round launches M&A department
Games startup accelerator will assist with companies looking to sell, or raise money for acquisitions
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PlayStation H1 revenues rise to $8.8bn
PS5 shifts 5.7 million units in six months, PS Plus subscribers down in Q2
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ForeVR raises $10m to create the "Wii Sports of VR"
Studio created by Zynga veterans to continue focusing on family-friendly games for virtual reality
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Hiro Capital invests in new studio from Mythic veterans
Loric Games was co-founded earlier this year by Brian Johnson, Ray Soto, and Rob Denton
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Jagex hit record £125m revenue in 2021
Revenue at the RuneScape developer was up 4% year-on-year
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Toge, Mojiken and PQube reach "mutually agreeable resolution" after dispute
Grant funds and console rights for A Space For The Unbound were restituted
Feature
Is Game Pass’ dominance a hurdle to the Activision acquisition? | Opinion
The UK’s competition authority suggests that subscription services are legally a separate market from game consoles; if that idea holds water, it could spell trouble for Microsoft
Feature
Could the UK regulator end Microsoft’s acquisition of Activision Blizzard? | Opinion
The Competition and Markets Authority can be hard to predict
News
Cathay Capital reportedly pours €50m into Shiro Games
Northgard studio now valued at €150 million
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Game Pass reportedly made $2.9bn on consoles in 2021
Documents from CADE show service represented 18% of Xbox's revenue last year
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Bandai Namco Europe takes majority stake in Limbic
The company wants the Park Beyond developer to "become the new reference in strategy and simulation games"
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Gamurs raises $12m to use "predominantly" for acquisitions
Elysian Park Ventures and Cerro Capital co-lead funding round
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Panivox receives £500,000 grant from Innovate UK
Funding to go towards developing its RichCast platform for educational and serious games
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Tencent takes minority stake in Mordhau studio Triternion
Investment will be used to grow the popular multiplayer game, as well as develop new IP
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Netspeak Games secures $12m investment for first product launch
Investors include Lakestar, Project A, and Makers Fund, plus CEOs of Jagex and CCP
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Taleworlds invests in mobile studio Udo Games
WePlay Ventures and Lima Ventures exited their investment in the Turkish developer after a year
News
TinyBuild acquires Bossa Studios IPs for $3m
Includes Surgeon Simulator, I am Fish and I am Bread, with TinyBuild also acquiring Russian studio Konfa Games for $5.4m