Lightforge Games, a studio formed by industry veterans from Epic Games and Blizzard, announced the development of Project O.R.C.S., an online role-playing game with collaborative storytelling.
With aspirations to redefine the RPG landscape, Project O.R.C.S. introduces a unique Collaborative Storytelling RPG (CSRPG) genre, encouraging players to craft their tabletop-like experiences in fully…
Take-Two FY3Q results down as NBA 2K24 and mobile ads fall short
February 9, 2024
Take-Two Interactive reported results for the third fiscal quarter ended December 31 that fell short of its expectations as mobile ads and NBA 2K24 revenues were lower than expected.As a result of the shortfall, Take-Two said that it is planning a cost-reduction program that…
Disney invests $1.5B in Fortnite maker Epic Games to build a persistent game universe
February 8, 2024
Disney is investing $1.5 billion for an equity stake in Fortnite and Unreal Engine maker Epic Games as part of a broader partnership to create a new Disney gaming universe.
The companies plan to create an expansive and open games and entertainment universe. I would say…
Roblox Corporation today gave its latest earnings report, for the last quarter of 2023 and the full year together. The company reported strong growth across the quarter, with substantial increases in bookings and daily active users. Some of the losses have also grown at the same rate, though Roblox’s executive staff have emphasized how the game has reached new audiences this quarter.
Roblox sees…
Nintendo beats December quarter expectations and ups forecast to 15.5M Switch units in fiscal year
February 7, 2024
Nintendo reported quarterly results on Tuesday that beat its previous forecasts and it said it now expects to sell 15.5 million Switch consoles during the fiscal year ending March 31, 2024.
The Kyoto, Japan-based game company said net sales were $4 billion, down 6% from a…
Flaunt has raised $1.8 million in funding to boost its enterprise loyalty cloud for Roblox and Shopify Plus.
Indianapolis, Indiana-based Flaunt got funding in a round led by High Alpha, with participation from Square Deal Capital, Service Provider Capital, and executives at…
Xbox boss says details on brand’s future are coming next week
February 6, 2024
Reports and rumors started going wild this weekend that more Xbox games will head toward other platforms, including PlayStation. Now Xbox boss Phil Spencer has said that a business update event is coming next week “where we look forward to sharing more details with you about our vision for the future of Xbox.”
We’re listening and we hear you. We’ve been planning a business…
Estonian studio Gamecan today revealed its new game, Contenders: Arena, a 3v3 third-person arena shooter in which players control robots competing in a game show. Gamecan is offering to let players test their skills piloting the robots, or Gladiators, in an upcoming demo…
Baobab Studios and 9 Story Media have partnered to bring Baobab’s Momoguro franchise, which is a popular gaming series Roblox, to television.
Burlingame, California-based Baobab created Momoguro as a cross-platform entertainment franchise, said CEO Maureen Fan in an…
Activision Blizzard added $2B in revenue to Xbox’s Q2 growth
February 1, 2024
Microsoft revealed during its latest financial earnings report that its Xbox gaming division has seen a dramatic increase in revenue after last year’s acquisition of Activision Blizzard. Xbox’s revenue increased 60%, while overall gaming revenue grew 48%. According to Microsoft, a large part of this growth — the majority of it, even — is due to the acquisition, with Activision Blizzard…
