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Square Enix Q1 sees sales bump by 14%
Final Fantasy 16 did not meet sales goals, SE president said, but helped drive HD Games revenue to a 142% jump
Financials (Page 7)
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Inworld AI raises $50m for open-source version of character creator
The funding brings the total valuation of the company to over $500 million
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Unity's Q2 revenue sees an 80% year-on-year jump
Grow Solutions revenues rise 157% compared to last year's pre-IronSource merger numbers, but net losses continue
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Tears of the Kingdom drives Nintendo sales up 50% year-on-year
Latest Zelda game has sold 18.51m units, Super Mario Bros Movie reached $1.34 billion in box office revenues
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FIFA, Jedi: Survivor drive EA first quarter growth
Slate of five major new releases helps push publisher to record Q1 net bookings
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Street Fighter 6, Resident Evil 4 drives Capcom Q1 sales to $313m
Fighting sequel tops 2 million in less than a month on sale as survival horror remake adds 5 million to sales total
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Xbox Q4 revenues flat as hardware drops 13%
Gaming content and services revenues up 5%, thanks to third-party titles and Game Pass
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Ubisoft's Q1 sees a 9% dip
CEO Yves Guillemot said "We delivered a better-than-expected performance, and we continued to progress…"
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GGWP raises $10m for AI moderation platform
Platform now available to all developers after a year of limited access
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Screen Australia backs 23 studios with $2 million in funding
Guck and Awesome Black are the first beneficiaries of the body's First Nations Games Studio fund
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Activision Blizzard H1 revenue sees a 34% jump
The firm also said that during June more than ten million users played Blizzard's Diablo 4
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Sony pouring $2.16bn into R&D for live service games and extended reality
40% of total R&D spending for current fiscal year assigned to growing the PlayStation business
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Activision Blizzard to be removed from Nasdaq indexes ahead of Microsoft takeover
Call of Duty publisher will be replaced by another company before markets open on Monday, July 17
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Embracer raises $182 million via share issue
The group issued 80,000 new shares and revised its net debt target to SEK 8 billion ($729 million) by the end of FY2023-24
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Tencent investment marks "new beginning" for UK studio Lighthouse Games
"The shackles are off," CEO Gavin Raeburn tells us as former Playground Games studio director continues work on new AAA IP
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TinyBuild sees stock dive after H1 2023 report says it performed "below expectations"
The firm also said its subsidiaries, Red Cerberus and Versus Evil, underperformed in its latest financials update
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Publishing and analytics services firm SuperScale raises $5.4m
Series A round will help expand services, including 'venture publishing' initiative
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Lumikai's second games fund will pour $50m into Indian developers
Investors include Krafton, Smilegate, Supercell and more
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Black Game Developer Fund promises $1m in fourth year
Fund has financed more 40 projects from Black creators since it began in 2020
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Million Victories raises $6.5 million
Funding round to go towards growing Million Lords and creating a 3D version
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Leadership changes at Embracer as group restructures
Saber CEO Matthew Karch resigns to become group's COO, Crystal Dynamics' Phil Rogers named chief strategy officer
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Embracer announces restructuring program, studio closures expected
It's "too early to give an exact forecast" on the number of layoffs, CEO says
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GameStop CEO terminated as retailer posts further losses
Ryan Cohen appointed executive chairman, company's Q1 losses narrow to $50.5 million
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CD Projekt sales drop 20% year-over-year
Company will begin marketing push for Cyberpunk 2077 Phantom Liberty expansion next month, denies rumors of a Sony acquisition