Gaming

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…

Square Enix dropped the trailer for one of its upcoming games, Visions of Mana, at today’s Game Awards. This is the first new game in the Mana series in almost two decades, following Dawn of Mana in 2006. The game launches sometime in 2024 for PlayStation 5, Xbox Series X/S, PlayStation 4 and PC via Steam (though not the Switch, strangely). The trailer is a bit lean on details about the game’s…

Games livestreaming platform Twitch is shutting down its business operations in South Korea February 27, 2024. According to a blog post from CEO Dan Clancy, South Korea was “prohibitively expensive” to operate despite working to reduce costs. Twitch experimented with a peer-to-peer model for source quality and capping quality at 720p. “While we have lowered costs from these efforts, our…

Owen Mahoney joined Nexon in 2010 as CFO, and he oversaw its initial public offering in 2011. He has led the company as president and CEO since 2014. Under his leadership, Nexon delivered consistent growth in revenue and operating income and the most robust pipeline in the company’s history. So why is he stepping down? Nexon announced on November 11 that Mahoney will step down in March 2024 and…