Sonic the Hedgehog 3 becomes second-highest-grossing video game movie of all time

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

Midnight Society shuts down | GamesIndustry.biz

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 to cease foreign payment on digital stores in Japan

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 revises forecasts as profits increase 38% to $560m

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

Atelico’s new AI Engine doesn’t require “prohibitively expensive cloud solutions”

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 refreshes strategic board with several new key appointments

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

Squid Game: Unleashed reaches over 10m installs

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

PTW appoints David Dorans as CFO

Games outsourcing firm PTW has appointed David Dorans as chief financial officer. Dorans will report to CEO Deborah Kirkham, and will oversee the company’s global financial operations and support ongoing growth strategies. Dorans has over two decades of experience in financial leadership. His most recent role was CFO at Mirriad Advertising, and he also held … Read more

Infinite Reality secures $3bn in funding

Metaverse platform Infinite Reality has raised $3 billion in a funding round, bringing the firm’s total valuation to $12.25 billion. As reported by GamesBeat, the funding was led by a private investor. Infinite Reality will use this investment to grow its platform and continue acquisitions, partnerships, and product launches. “We are absolutely ecstatic to share … Read more

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