Author: Genius Admin

PC

Moon Beast Productions lands $4.5m in seed funding Moon Beast Productions has secured $4.5 million in seed funding.  The investment round was led by 1AM Gaming, with 1UP Ventures, The Mini Fund, Overwolf, Versus Ventures also taking part in addition to angel investors.  The studio says that this cash will be put towards developing a new and innovative action RPG title “that challenges conventional design paradigms”. Moon Beast was found…

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PC

11 Bit Studios makes layoffs Poland’s 11 Bit Studios has laid off an unknown number of staff.  In a post on its website, the company said that it had cancelled work on Project 8, which was to be the outfit’s first console-focused game. Work on Project 8 began back in 2018; by 2024, 37 members of staff were attached to the project.  11 Bit reckons it has spent PLN 48.4 million ($11.8 million) on the game to date.&nb…

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PC

Sony will shortly own 10% of Kadokawa Sony will be acquiring a fresh load of shares in Japanese entertainment giant Kadokawa and will soon own 10 per cent of the company. On January 7th, 2025, the PlayStation giant will be buying 12,054,100 new shares at Y4,146 per share. This will cost Y49.98 billion ($31.7 million) and will result in Sony owning 9.68 per cent of Kadokawa stock. Before, the firm owned 2.01 per cent.  When the t…

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