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PC

Riot tweaks regional virtual currency valuations League of Legends giant Riot Games has made some changes to the valuation of virtual currency across its titles.  In a post on its website , the company said that it was making these tweaks due to shifts in global economics and also to stop bad actors taking advantage of lower pricing in other regions via methods such as VPNs. These changes are coming into effect across League of Legends, Va…

PC

Timbre Games spins out from Sumo Digital UK developer Timbre Games is now independent from its previous owner Sumo Digital.  In a post on LinkedIn , the studio’s chief executive officer Joe Nickolls said that it was becoming its own venture in the wake of it being closed by Sumo in June of this year as that company initiated cost cutting measures.  As part of spinning out from Sumo Digital, Timbre Games has partnered with Stud…

PC

Ubisoft shares drop to 10-year low Reuters reports that stock in French publishing giant Ubisoft has fallen to its lowest point since 2014.  At the time of writing, the company’s trading price is €15.54; in the last five days, shares have fallen by over ten per cent and over 30 per cent since the start of 2024. The last time Ubisoft shares were priced at this level was in December 2014.  This appears to be related t…

PC

Hopoo staff join Valve Staff from Risk of Rain maker Hopoo Games have been hired by Valve.  In a post on the developer’s Twitter , it revealed that some of its employees were working in game development at the Steam giant. Staff moving include co-founders Duncan Drummond and Paul Morse. This does mean that production on Hopoo’s in-development title, known as Snail, is ending.  “We’re incredibly grateful to Va…

PC

PlayStation pulls Concord from sale In a rather unprecedented move, Sony Interactive Entertainment has pulled its newly-released hero shooter Concord from sale.  In a post on the PlayStation Blog , the company announced that it was refunding those who had bought the game and was taking the title offline later this week on September 6th. This follows a weak release for Concord, with reports suggesting the game had sold just 25,…

PC

Toadman Interactive closes offices in Sweden and Norway Swedish developer Toadman Interactive has shut down its offices in Stockholm, Visby and Oslo.  In a post on LinkedIn , the company wrote that some staff at its Berlin studio are also at risk.  “Like many other game companies, we have gone through a tough period over the last 12 months, and, unfortunately, that means that we are shutting down our offices in Stockholm, Visby, and Oslo, as…

PC

Until Dawn remake studio Ballistic Moon makes layoffs Developer Ballistic Moon has made a number of layoffs ahead of the release of the remake of Until Dawn.  In a post on LinkedIn , the company confirmed speculation that it was making job cuts, saying that it has had to lay staff off due to issues in the industry. This follows some of the staff affected taking to LinkedIn to say that they had lost their jobs.  “As the games industry conti…

PC

CHARTS: COD Black Ops 6 pre-orders take No.2 on Steam Pre-orders for the upcoming Call of Duty: Black Ops 6 were the second highest grossing game on Steam last week.  The latest entry in the shooter franchise rose up six places week-on-week on the back of a beta rolling out on August 30th. Black Ops 6 is set to launch on October 25th.  Black Myth: Wukong was once again the biggest seller on Steam for the second week since its release, whil…

PC

CD Projekt sales up 31% year-on-year Polish games firm CD Projekt has reported a 30.7 per cent increase in net sales year-on-year.  The firm brought in PLN424.8 million ($109 million) for the three months ending June 30th, while the company’s profit shot up 88.7 per cent to PLN 170 million ($43 million). This is no doubt due to sales of Cyberpunk 2077 and its Phantom Liberty expansion – the latter was not out in the same…

PC

Capcom vet Hideaki Itsuno has left the company After over 30 years, Hideaki Itsuno has left Capcom.  The development vet took to Twitter to announce his departure, saying that he left the Japanese games giant at the end of August. Itsuno said that he would be starting work on a new project in “a new environment” though he hasn’t shared any additional information about where this is.  Itsuno has worked on many of Capcom’s biggest IP…

PC

Report: Tencent and NetEase reconsidering Japanese bets It appears that Chinese games firms Tencent and NetEase are thinking twice about the money they have been investing in Japanese companies.  Bloomberg reports that the duo is unhappy with the return on investment they have had in the country. In part, there appears to be a mismatch of ambitions; the Chinese games firms went to Japan hoping for flagship blockbuster titles but the developers it…

PC

Games Done Quick operations boss Merkle now owns firm Speedrunning events firm Games Done Quick is now under the ownership of director of operations Matt Merkle.  This follows founder Mike Uyama signing over ownership of the organisation to Merkle and co in the wake of him announcing that he would be leaving the company in January of last year . Merkle will be leading Games Done Quick in his capacity as operations chief alongside director of te…

PC

Remedy signs agreement with Annapurna for Control 2 funding Finnish games firm Remedy has inked a partnership with Annapurna for funding for Control 2.  In a post on the former’s website , the developer said that the publisher would be heling out with not only financing but also production for its eagerly-awaited sequel. Furthermore, Annapurna is also bringing Control and Alan Wake to other mediums, including film and TV.  “At Remedy, our…