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Sega Sammy raises forecasts, despite losses driven by COVID-19
Publisher expects structural reform and increased games sales to carry company through tough financial year
Financials (Page 30)
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Sega Sammy calls for 650 staff to voluntarily retire
Japanese publisher records extraordinary losses around structural reform
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Take-Two president "highly sceptical" about games subscriptions
Karl Slatoff tells investors services like Xbox Game Pass will become the primary way games are consumed
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Esports platform Edge raises $1.5m
Investment will be used for recruitment and improving its tech, which simplifies esports contracts, payments and more
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EA quarterly sales slide due to later FIFA, Madden launches
Full game sales for the second quarter halved but publisher still beats guidance, announces stock buyback and dividend plans
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NBA 2K21 drives Take-Two earnings
Revenues and bookings flat but net income hops as CEO Zelnick reports pandemic-driven engagement boost hasn't let up at all
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Nintendo raises forecasts as H1 profits triple to $2.8bn
Full-year Switch sales predicted to reach 24 million, five million units higher than previously expected
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Zynga posts record quarterly revenues, bookings
Social publisher sees even more acquisitions in its future as revenue, engagement metrics grow, but net loss remains
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Pokémon Go's 2020 revenues estimated at $1bn so far
Niantic game on course to record its best year ever, third biggest mobile game globally
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Light Brick Studio splitting off from Lego
Builder's Journey developer goes indie with investment from Lego Ventures, will continue to work on Lego games
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Curve Digital acquires IronOak Games
Canadian studio behind For the King becomes Curve's second studio acquisition
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UK startup Sugar closes £1.5m pre-seed round
Passion Capital leads investment in new firm offering finance to games studios wishin to avoid equity funding
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Call of Duty drives Activision Blizzard revenues up 52% year-over-year
Modern Warfare reboot sets franchise record for first-year premium sales as engagement dips for Blizzard, King
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Capcom's games business rescues six-month results
Total revenue and profits increased despite the impact of COVID-19 on arcades and amusement centres
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CD Projekt Red's stock fell 25% in two months amid Cyberpunk uncertainty
Negative stories about the production and release of Cyberpunk 2077 coincided with €2.5b decline in market cap
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Shotcall closes $2.2m seed round
The platform aims to connect content creators and their community by letting them play together
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PS4 shipments near 114m as new generation looms
More than 75% of all PlayStation revenue came from digital sources in the second quarter, with only 41% of games bought physically
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Microsoft quietly closes its final quarter before next-gen
Update: Company projects 40% growth in hardware sales next quarter, constrained by supply
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Esports Entertainment Group to acquire Helix Esports and ggCircuit
The deal will be worth $43 million, Esports Entertainment Group teases more "near-term" acquisitions
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VENN closes $26m Series A funding
The esports and gaming broadcast network secured Nexstar Media Group as an exclusive local television partner
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Tencent leads $100m Series B round in VSPN
Chinese esports firm eyes international expansion after growing to 1,000 employees in the space of four years
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MAG Interactive reports $25 million in sales
Revenue at the mobile games company also grew 28% from June to August 2020
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Movie Games and INC joint venture to focus on Romanian developers
Mill Games will offer project funding up to $1m for ten developers in its first two years
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EVOS Esports closes $12m Series B round
Southeast Asia-focused esports firm has raised more than $16m in its lifetime
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Growth in UK games industry fastest ever recorded
Games development headcount is at an all-time high of 18,279 in the UK