Meta has published its earnings report for the three months ending December 31 2024, and despite $1.08 billion in revenue from its Meta Quest hardware, it has recorded a loss of $4.97 billion in its AR/VR Reality Labs division. This is the fourth successive loss reported in this segment, with Reality Labs reporting successive losses … Read more
The Entertainment Software Association (ESA) has warned that any tariffs levied by Donald Trump’s administration will cause “significant harm” to the video game industry – and players – in the US. In a statement to Kotaku, the organisation – which represents video game companies like Microsoft, Sony, and Nintendo – initially asked for the Trump … Read more
Wizardry: Proving Grounds of the Mad Overlord wins Grammy | News-in-brief
Sonic the Hedgehog 3 has become the second-highest-grossing video game movie of all time. Second only to The Super Mario Bros. Movie’s $1.26bn, the third Sonic the Hedgehog movie has earned $462m worldwide, cementing itself as one of the world’s most successful video game movies ever. By comparison, Detective Pikachu grossed $450m, whilst 2016’s Warcraft … Read more
Deadrop developer Midnight Society has closed down. The studio announced the decision on January 30 in a post on social media, making 55 employees redundant in the process. “We are actively seeking other game studios that would be interested in offering employment opportunities to our talented team members,” it wrote. “We express our sincere gratitude … Read more
Nintendo eShop and My Nintendo Store for Japan will stop accepting payments from international credit cards and PayPal accounts from March 25, 2025. In a statement posted to its support page, the decision was made to “prevent fraudulent use.” “For customers who have previously used overseas-issued credit cards or PayPal accounts opened overseas, we ask … Read more
Konami has released its financial results for the nine months ending December 31, 2024, during which revenues increased 22% to ¥310.8 billion and profits rose 38% to ¥87.1 billion. The numbers: Revenue: ¥310.8 billion ($2 billion, up 22.8% year-on-year) Business profit: ¥87.1 billion ($560 million, up 38.7% year-on-year) Operating profit: ¥86.7 billion ($557 million, up … Read more
Gaming Startup Studio Atelico has announced a new AI Engine to “allow game developers to deliver game experiences powered by GenAI that run on-device without requiring prohibitively expensive cloud solutions.” The team said the Atelico AI Engine “significantly reduces costs for developers while also providing full control and flexibility thanks to its modular design.” To … Read more
OV Entertainment has appointed a number of new members to its strategic board. The “cross-entertainment holding company” said the appointments are part of “bold steps to fuel its subsidiaries’ growth” and will “enhance OV Entertainment’s ability to deliver exceptional gaming development and entertainment solutions while driving growth and innovation across its subsidiaries,” Kokku and The … Read more
Netflix’s Squid Game: Unleashed has reached an estimated 10.7 million downloads, according to App Magic data. As reported by Pocket Gamer, the battle royale multiplayer has become Netflix’s fifth most downloaded title. The game launched globally on December 17, 2024, ahead of Squid Game’s second season. Most of Squid Game: Unleashed’s downloads are from Apple’s … Read more