gamesindustry.biz: Remedy revenue rises 129% during Q3 2024

- Remedy Entertainment's Q3 2024 revenue rose 129% to €17.9 million.
- Annapurna finances 50% of Control 2; gains licensing rights for film/media adaptation.
- Received €15 million loan from Tencent to support game development and self-publishing.
- Revenue growth also driven by Max Payne 1 & 2 remake development, funded by Rockstar.
- Control 2 full production planned for 2025; FBC: Firebreak release set for 2025.

#Remedy #Tencent #Annapurna #loan #financing #Control2 #AlanWake #MergersAcquisitions

Publish date: 2024-11-04

variety.com: ‘Happy Hunting’ Filmmaker Launches Wolf Haus Games With Funding From ‘PUBG’ Developer Krafton (EXCLUSIVE)

- Montreal-based Wolf Haus Games secured ~$2.9M USD funding from Krafton Inc. and Lifelike Capital.
- The studio will launch an "unconventional systems-based open world survival game" using Unreal Engine 5.
- Wolf Haus Games combines AAA quality with innovative, creative designs from gaming and film industries.
- Krafton and Lifelike support the studio's unique approach, emphasizing humor, eccentricity, and creativity.
- Wolf Haus is expanding, hiring designers, engineers, and programmers in Montreal.

#WolfHausGames #KraftonInc #LifelikeCapital #fundraising #openworld #survival #gameengine #venturecapital

Publish date: 2024-10-29

pocketgamer.biz: Supercell invests in Barcelona-based studio Penguin Armada

- Supercell has invested in Penguin Armada, a Barcelona-based PC-first game studio.
- Penguin Armada is working on a top-down PvP 3v3 title, prioritizing accessible co-op mechanics.
- Penguin Armada was founded by ex-Omnidrome developers, acquired by Scopely in 2022.
- CEO Gerard Fernandez emphasizes smart capital for scaling and successful game launch.
- Financial terms of Supercell's investment in Penguin Armada were not disclosed.

#Supercell #PenguinArmada #investment #topdownPvP #PCdeveloper #Barcelona #exOmnidrome

Publish date: 2024-11-01

mtg.com: Buy-back of shares in MTG during week 31, 2024

- MTG repurchased 84,513 class B shares under its share repurchase program.
- The buyback program allows a maximum of 5,789,385 shares or SEK 400 million.
- Objective: deliver shareholder value, optimize capital structure, and reduce share capital.
- Transactions conducted on Nasdaq Stockholm by Kepler Cheuvreux.
- MTG now holds 5,041,827 class B shares and 6,324,343 class C shares out of 131,668,727 total shares.

#MTG #KeplerCheuvreux #sharebuyback #mobilegamer #capitalstructure #stockrepurchase #NasdaqStockholm #MTGA

Publish date: 2024-08-06

pocketgamer.biz: Nazara subsidiary Absolute Sports to acquire US games content platform Deltias Gaming

- Nazara subsidiary Absolute Sports has signed an asset purchase agreement to acquire Deltias Gaming.
- The all-cash transaction is valued at $900K, to be paid in instalments.
- Deltias Gaming generated $575K in revenue for the twelve months ending June 2024.
- The acquisition is expected to close within 45 days, financed from Absolute Sports' cash reserves.
- Absolute Sports aims to expand its presence in US video games and esports media, reaching 5 million enthusiasts.

#AbsoluteSports #Nazara #M&A #DeltiasGaming #media #content #acquisition #Nazara

Publish date: 2024-08-06

pocketgamer.biz: nunu.ai has raised $2 million towards AI playtesters and QA with bot detection on the way

- US-based AI agent maker nunu.ai raised $2M in a pre-seed round.
- Investors include a16z Games Speedrun, Boost VC, Y Combinator, and angel investors.
- Funds will develop AI playtesters and QA tools for open-world games with human-like vision.
- AI agents can explain decisions, enhancing insights into player engagement.
- Future plans include detecting bot misuse in competitive games and expanding to general 3D simulations.

#nunuai#a16z#preseed#qualityassurance#AI#playtesting#BoostVC#YCombinator

Publish date: 2024-08-06

venturebeat.com: Inworld AI adds localization for Mandarin, Japanese and Korean

- Inworld AI raised $50 million at a $500 million valuation in August 2023.
- Introduced multilingual support for Mandarin, Japanese, and Korean.
- Partners include LG U+ and dentsu for feedback in developing localization tools.
- Tools aimed at expanding reach to China, Japan, and Korea's $70.5 billion gaming market.
- Localization expected to improve game ratings and discoverability on platforms like Steam.

#InworldAI #multilingual #localization #fundraising #generativeAI #$50M #$500Mvaluation

Publish date: 2024-07-30

venturebeat.com: Microsoft reports Xbox's revenue is up 61% in Q4 FY24 thanks to Activision

- Microsoft (NASDAQ: MSFT) reported a 61% increase in Xbox content/services revenue due to Activision Blizzard acquisition.
- The $69 billion acquisition of Activision Blizzard was completed in October 2023.
- Gaming revenue is up 44%, with 48 points of impact from the Activision acquisition.
- Xbox hardware revenue dropped by 42% in Q4 FY24, mirroring broader hardware sales decline.
- Microsoft expects mid-30s growth in gaming for the first quarter of FY2025, per CFO Amy Hood.

#Microsoft #ActivisionBlizzard #acquisition #fiscalperformance #xbox #gamingrevenue #SatyaNadella #AmyHood

Publish date: 2024-07-30

ign.com: Xbox Hardware Revenue Down 42% From Last Year as Activision Acquisition Continues to Boost Content Sales - IGN

- Microsoft completed its acquisition of Activision Blizzard last year, boosting gaming content revenue.
- Xbox hardware revenue declined 42% year-over-year in Q4.
- Xbox content and services revenue grew 61% year-over-year, supported by Activision Blizzard’s performance.
- Gaming revenue as a whole increased 44% year-over-year, revealing reliance on acquired assets.
- Microsoft’s More Personal Computing division’s revenue reached $15.9 billion, a 14% year-over-year increase.

#Microsoft #ActivisionBlizzard #acquisition #earnings #hardware #content #services #decline

Publish date: 2024-07-30

venturebeat.com: Agora Gaming Partners raises $600K to launch publishing and fundraising advisory service

- Agora Gaming Partners (AGP) raised $600,000 to launch a publishing and fundraising advisory service.
- AGP focuses on M&A, fundraising, publishing, and co-development for PC and console companies.
- Funding backed by several angel investors specializing in gaming industry.
- Initial services target companies with development budgets up to $50M and valuations up to $100M.
- Key founders include Pontus Mahler (esports, GTR) and Jacques Benchetrit (investment banking, Zordix).

#AgoraGamingPartners #PontusMahler #JacquesBenchetrit #fundraising #angelinvestors #publishingadvisor #mergersacquisitions #gamingservices

Publish date: 2024-07-23