Today Ubisoft decided to take a turn to make their earnings reports and Fiscal Year 2023 full result and in summary, it is not good and it seems that things will begin to tighten for current and future projects.
Read more here.
Tag Archives: Industry
Electronic Arts is more of Saudi Arabia Prince’s investment funds than any other shareholder
For a while we had been hearing about many investment groups that were founded by The Prince of Saudi Arabia, Mohammed bin Salman, as a way that the Kingdom is not relying on Petroleum for economic sustainability in the long term and have been investing in many markets.
Read more here.
CD Projekt Red began lay-off days after confirming restructuring Project Sirius development
In a sad turn of events after last week CD Projekt Red confirmed that it had renewed tasking the Boston based inner studio The Molasses Flood with the restart of development of a new The Witcher coded named Sirius, most of its talent have been let go.
Read more here.
European Union regulators gives the OK for Activision Blizzard acquisition
In a major victory for Microsoft and one of the three important markets which the Activision Blizzard acquisition can be stopped or paused have given the blessing for the transaction to close and this is a major blow to USA’s FTC and UK’s CMA.
Read more here.
Summer Game Fest 2023 has now 40 partners confirmed
For a third year in a row, it is a E3-less E3 season and while E3 future is uncertain at best, Geoff Kighley will bring back once again The Summer Game Fest virtual event where everyone can get a glimpse on current and future gaming projects and announcements and the engine has just started.
Read more here.
CD Projekt Red confirms new framework for The Witcher Project Sirius development
CD Projekt Red announced last year that they were working on the next sets of games based on The Witcher franchise, the next Cyberpunk game and preproduction of a new original franchise and early this year, it was revealed that CD Projek needed to restart development and disallowing Boston-based The Molasses Flood studio.
Read more here.
Capcom celebrates yet another year on positive and sale record breaking
Another gaming company took its turn to share their quarterly financial results and it is the japanese veteran Capcom, which boasted on being for a sixth consecutive year in gaming sales positive.
Read more here.
Electronic Arts teases again being interested on merging with another gaming company
During Electronic Arts Q4 2023, its CEO once again re-introduced the idea of the company being bought or being the remaining part of the merger, while acknowledging that Electronic Arts is the top third party software publisher for Xbox.
Read more here.
Nintendo recent earnings report could suggest that no Nintendo Switch successor is close
The Nintendo Switch has amazed people because of two things. One, it capitalized on the commodity and flexibility of being a hybrid of a console and a portable gaming device, much like the Wii U controller and unified the until 2016’s traditional console and portable that Nintendo was always being known.
Read more here.
Playstation Studios loses a member while working on a Sony branded movie
Late last week was a hard one as another gaming studio is about to fold without giving new more content and we are talking about PixelOpus, a Playstation Studios member that will end operation soon.
Read more here.