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Sega has released its financial results for the three months ended June 30, 2024, showing an overall decline in net sales but a solid performance from its video games business. The publisher generated ¥15.1 billion ($102.5 million) from full game sales, up nearly 40% compared to the same period last year. The Entertainment Contents division…
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Finnish mobile developer Shipyard Games has announced its closure. As reported by PocketGamer, CEO and co-founder Andreas Wedenberg cited a lack of investment as the main reason for it shutting down in a message posted to the studio’s Discord server. “Unfortunately, the company situation is critical, we have been running out of money and our…
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Sony has released financial results for its Q1 FY2024. While first-party sales and PlayStation Plus were both highlighted as particular areas of growth within its healthy games segment, hardware sales are on the decline, four years into the PS5 lifecycle. For the three months ended June 30, 2024: Software sales represented ¥486 billion ($3.30 billion)…
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Square Enix released its financial earnings for the three months ended June 30, 2024, reporting a significant decrease in net sales compared to the previous fiscal quarter. The publisher attributed the drop in its Digital Entertainment revenue – which encompasses its video games business – to a decline in sales of new titles in Q1…
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MixRift has raised $1.6 million in a pre-seed funding round. Outsized Ventures and Underline Ventures co-led the round, with additional contributions from SOSV and angel investors. The startup intends on using the funding to further develop and publish mixed reality titles. MixRift was co-founded by CEO Bobby Voicu (previously CEO of social games studio MavenHut),…




