Young Roblox game creators bagging millions
The creator of Blue Lock: Rivals thought kids on Roblox might like a soccer video game with an anime vibe. It sold a few months later for more than $3 million (R54 million).
The 19-year-old, who asked that his name be withheld because he has never...
Take-Two retrenching 5% of workforce
Take-Two Interactive Software Inc., the company behind the Grand Theft Auto video games, plans to fire 5% its workforce and drop several projects as part of a cost-savings drive.
The company sees expenses of up to $200 million as part of the downsizing...
EA retrenching 5% of workforce
Electronic Arts said it’s cutting 5% of its workforce, or about 670 people, citing shifting customer needs and a refocusing of the company.
EA will also be ceasing development on an undisclosed number of games and pulling back on its real estate holdings, the...
Bad game releases shave $2 billion off Square Enix's market value
Square Enix Holdings Co. has shed nearly $2 billion (R37.9 billion) of its value since Final Fantasy XVI, the latest installment of its global hit series, came out to mixed reviews.
Now investors wonder whether one of the games...
Embracer Group considering sale of Borderlands creator for $1.3 billion
Swedish video game conglomerate Embracer Group AB is looking to sell Gearbox Entertainment just two-and-a-half years after purchasing the studio for $1.3 billion (R24.6 billion).
Gearbox will also explore other options...
Apple, Google woo game developers
Apple Inc and Google Inc are wooing game developers to ensure that top game titles arrive first on devices powered by their respective operating system
Microsoft backs Japanese game studios
Microsoft Corp. kicked off the Tokyo Game Show Thursday by unveiling plans to help Japanese game makers - recently seen as insular and lagging overseas competitors - to aggressively pursue a bigger share of the global market.