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Square Enix released its financial earnings for the nine months ending December 31, 2024, reporting a decrease in net sales attributed to “weakness in existing titles” in its mobile and PC browser sub-segment. The firm also saw a drop in Digital Entertainments revenue, including its video games business, due to new titles generating lower sales … Read more

At least 20 staff have lost their jobs following another round of cuts at Smite developer Hi-Rez Studios. Whilst the layoffs have not been formally announced by the studio at the time of writing, members of the Smite subreddit (thanks, GameDeveloper), have collated statements from dozens of developers that say they were let go earlier … Read more

Blind Squirrel Games has acquired Colombian-based studio, Distributed Development. Rebranded as Blind Squirrel Colombia, the team – acquired for an unknown sum – will initially focus on co-development, and is expected to grow to 25-30 employees by the end of the year. BSG said the acquisition “strengthens Blind Squirrel’s footprint with teams already in the … Read more

Take-Two Interactive announced its financial results for the third quarter of fiscal year 2025, reporting net bookings of $1.37 billion, a 3% increase from the previous year and within the company’s projected guidance. The company also reaffirmed its full-year net bookings outlook of $5.55 billion to $5.65 billion, citing strong performance from its core franchises … Read more

Capcom is shutting down its survival multiplayer Resident Evil Re:Verse. From March 3, 2025, the game and its DLC will be removed from online stores and will no longer be bundled with Resident Evil Village. Customers that acquired a download code for the title before this date or have already used a code to acquire … Read more

Sega Sammy has published its financial results for the nine months ended December 31, 2024, during which it announced the cancellation of Football Manager 2025. The Sports Interactive title was delayed last October, with Sega reaching the decision due to difficulties in “ensuring significant product quality expected by the March release.” Overall, Sega experienced a … Read more

As Take-Two Interactive reported strong results for Q3 FY 2025 and readied investors for a blockbuster year that includes the release of Rockstar’s long anticipated Grand Theft Auto 6, Strauss Zelnick, Chairman and CEO of Take-Two Interactive, took the time to talk to GamesIndustry.biz about the results and some of the biggest issues facing the … Read more

User-generated content (UGC) studio Voldex has acquired the Roblox life simulation game Brookhaven. As reported by Pocket Gamer, the title was bought for an undisclosed sum and funded through capital investment led by Raine Partners. Makers Fund, QIA, MIT, Tirtra Ventures, and Lalotte Ventures contributed to the acquisition. Voldex also had debt financing from Shamrock … Read more

Electronic Arts has launched Battlefield Labs, a new community test program it believes is “the most ambitious community collaboration in franchise history”. With the new phase set to go live in “the coming weeks”, EA is inviting players to sign up now to test the early experiences of its projects ahead of launch. Addressing investors … Read more

Three years ago, former Amazon and Fox executive Sharon Tal Yguado announced the creation of her games studio, Astrid Entertainment. Since then, the developer has been working on an untitled project described as a “social experience” focusing on the teenage demographic. Yguado tells GamesIndustry.biz that she and the team saw an opportunity in a market … Read more