gaming industry

Rockstar Games’ Grand Theft Auto 6 is already influencing the video game industry, even without an official release date. While Take-Two Interactive Software Inc‘s (NASDAQ:TTWO) game is expected to arrive in fall 2025, publishers are reportedly holding back their own announcements to...

Ubisoft Entertainment SA (OTC:UBSFF) is in talks with Tencent Holdings ADR (OTC:TCEHY) over a potential buyout. According to Reuters, the deal would allow Ubisoft’s founders, the Guillemot family, to retain control if the company goes private. This development follows a difficult year for...

Ubisoft Entertainment SA (OTC:UBSFF) has confirmed the closure of its free-to-play shooter XDefiant, which launched in May. Alongside this decision, the company is shutting down three production studios and laying off 277 employees. Marie-Sophie de Waubert, Ubisoft's Chief Studios and Portfolio...

The global esports market is poised for explosive growth, with a recent report from Arizton Advisory & Intelligence projecting it will exceed $5 billion by 2029, fueled by a compound annual growth rate (CAGR) of 17.48%. To put this in perspective, industries like American football and global...

Shuhei Yoshida, one of PlayStation's longest-serving executives, will leave the company in January 2025 after more than 30 years. Yoshida joined Sony Group Corp.’s (NYSE:SONY) PlayStation at its inception and rose to prominence as the head of Worldwide Studios from 2008 to 2019. See Also:...

October was a strong month for the gaming industry, with eight of the top ten best-selling games in the U.S. being new releases. Call of Duty: Black Ops 6 topped the charts, contributing to a 10% year-over-year increase in U.S. video game spending, which reached $4.7 billion. According to Circana...

Bethesda's Starfield has reached 15 million players since its release in September 2023. The game launched with six million players on its first day, making it Bethesda Game Studios' most successful launch, surpassing The Elder Scrolls V: Skyrim and Fallout 4. Its availability on Xbox Game Pass...

A new report from the Anti-Defamation League (ADL) has called attention to the prevalence of extremist and hateful content on Steam, accusing the platform of enabling the spread of such material. According to the ADL's findings, over 1.8 million instances of hate-related content, including Nazi...

Swedish video game company Embracer Group AB's (OTC:THQQF) latest financial results show a steep drop in sales and increased net losses as the company deals with game delays, staff reductions, and restructuring. Q2 Financial Summary: Declining Sales And Higher Losses For the quarter ending Sept. 30...

Sony Group Corp. (NYSE:SONY) has reported that the PlayStation 5 (PS5) has surpassed 65 million units sold. However, the company also revealed that PS5 hardware sales have declined compared to the same period last year. While sales dropped from 8.2 million units to 6.2 million, Sony noted...

The launch of Call of Duty: Black Ops 6 on Game Pass is expected to affect the game's sales, but industry experts also believe it could significantly boost Xbox's subscription numbers. Analysts predict millions of new subscribers will join Microsoft Corp.‘s (NASDAQ:MSFT) Xbox's service to...

This Thursday, Microsoft Corp.’s (NASDAQ:MSFT) Xbox Partner Preview delivered an exciting glimpse into the remainder of 2024 and what's coming in 2025. Packed with DLC announcements, new game reveals, and early access opportunities, this showcase provided plenty to keep fans excited about....

Konami Group ADR (OTC:KONMY) and developer Bloober Team have achieved a major milestone with the release of the Silent Hill 2 remake, which has sold one million copies just four days after its global launch. This achievement was confirmed by Konami in a tweet. While there is speculation that the...

Riot Games, the studio behind League of Legends, has announced a series of layoffs affecting its League of Legends PC development team, alongside plans for future expansion. The news was delivered by Riot Games co-founder Marc Merrill in a statement posted to X: “This isn't about reducing...

Bandai Namco Holdings ADR (OTC:NCBDY) is facing internal shifts in its Japanese workforce following recent reports of project cancellations. Despite a strong release from its latest anime-based game, Dragon Ball Z: Sparking! Zero, which sold over 3 million units within 24 hours, Bandai Namco...