Gaming Industry

Gaming Industry Recent News

Asia, MENA Gaming Markets Reach $85.5B In 2023: See Future Projections
Asia and MENA games market hits $85.5B in 2023, projected to reach $97.1B by 2028, driven by India's growth
Dead By Daylight's Behaviour Interactive To Cut 95 Jobs Amid Strategic Shift
Behaviour Interactive announces layoffs, targeting 95 employees amid strategic shifts in response to industry competition.
Mobile Games Captured $90.4B, 49% Of Global Market In 2023
Mobile games accounted for 49% of the global games market revenue in 2023; consumer spending, however, is down.
Private Division Faces Closure: Take-Two To Sell Or Shutter Studios: Report
Discover the inside scoop on Take-Two's covert dismantling of indie label Private Division, as studios like Intercept Games and Roll7 face closure.
US Gaming Market: April Sees 3% Spending Drop, Software Soars Despite Hardware Plunge
Explore key insights into the U.S. gaming market, covering consumer spending, hardware sales, and top game titles.
Larian Studios, Creator Of Baldur's Gate 3, Launches Seventh Studio For 'Very Ambitious' RPGs
Larian Studios opens its seventh studio in Warsaw, Poland, to develop two ambitious RPGs. Discover their expansion and upcoming projects.
Sony Ships 4.5M PS5 Units, Outsells Xbox By 5:1 Ratio
Sony shipped 4.5 million PS5 units in Q1 2024, outselling Xbox Series X and S by a 5:1 ratio. Explore how Sony leads the console market over Microsoft.
Square Enix Targets US, European Divisions For Layoffs After Poor Sales: Report
Square Enix plans layoffs in American and European divisions amid restructuring, targeting publishing, IT, and indie games staff.
Square Enix Commits To 'Aggressively Pursue Multiplatform Strategy' To Combat Profit Dip
Square Enix shifts gears with a multiplatform strategy to combat profit dips. Explore their approach and what it means for Final Fantasy.
Microsoft's Xbox Closes 4 Video Game Studios In Bethesda Restructure
Microsoft's cuts at Bethesda studios, including Arkane Austin and Tango Gameworks. Matt Booty, head of Xbox Game Studios, explains the move.
Unity Software Appoints Gaming Industry Veteran Matthew Bromberg As CEO
Unity's new CEO Matthew Bromberg brings vast gaming experience, signaling a strategic shift. Discover his vision for growth and innovation.
South Korea's 5-Year Plan To Grow Its Console Gaming Market By 2028
South Korea's plan to boost console gaming, diversifying from mobile platforms, through strategic partnerships and market growth projections
Square Enix's Financial Blow: $140M Loss From Game Cancellations
Square Enix absorbs $140M loss from cancelled games, signaling strategic changes and impacts on Final Fantasy's future and digital sales.
Capcom Raises Earnings Outlook Thanks To Dragon's Dogma 2, Street Fighter 6
Capcom's FY 2024 earnings boosted by Dragon's Dogma 2 and Street Fighter 6. Despite challenges, Dogma 2 sales remain strong.
Can Electronic Arts Overcome Gaming Headwinds? What To Expect From Upcoming Q4 Earnings
Electronic Arts (EA) braces for F4Q earnings on May 7 amid industry challenges. Explore key insights and strategies.
Embracer Group's Shares Soar After Split Announcement: Strategic Restructuring Unveiled
Embracer Group's bold move to split into three distinct companies, including Asmodee Group and Coffee Stain & Friends, boosts shares by 18%.
EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo
EA dissolves Apex Legends UK QA team, impacting 40 workers. This move does not appear linked to the layoff of 670 EA employees in February.
China Welcomes Back World Of Warcraft As Blizzard, NetEase Reach Agreement
The duo behind World of Warcraft and other beloved games will make a comeback, following a year of negotiations.
Good News For Gamers: Xbox's Sarah Bond Commits To Game Preservation, Creates 'Dedicated Team' For Future-Proofing Classics
Xbox's Sarah Bond leads reorganization, prioritizing game preservation and integration. Learn about Xbox's future plans and upcoming titles.
Embracer Group Strikes $460M Stock Deal, Sells Gearbox Entertainment To Take-Two
Embracer Group Unsponsored ADR (OTCMKTS: EBCRY) announced the divestment this week of Gearbox Entertainment to Take-Two Interactive Software Inc (NASDAQ: TTWO) for $460 million in a deal expected to be finalized by the
Leak Reveals White Disc-Less Xbox Series X From Microsoft: Report
Leaked images have popped up online showing a white version of the Xbox Series X, and it seems like it won't have a disc drive.
Gaming Industry Layoffs: Nintendo Confirms Testing Department Cuts
Nintendo of America is undergoing significant changes in its testing department amidst a reported slowdown in game development and the apparent delay of the Switch 2.
Microsoft Gaming CEO Phil Spencer Reflects: 'I Don't Want This Industry To Be A Place Where People Can't, With Confidence, Build A Career'
Phil Spencer, the CEO of Microsoft Corp.'s (NASDAQ: MSFT) Gaming division, offered a candid perspective on the current state of the gaming industry.