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Epic Games, EA, Roblox Among Video Game Companies Hit with EU Complaint for 'Tricking Consumers'
An EU consumer complaint on Thursday accused videogaming firms of misleading gamers into spending money. The move against Epic Games, Electronic Arts, and Roblox among others has come amid rising concerns about children turning into gaming addicts.
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Take-Two Looks at GTA 6, Other New Games to Boost Bookings in Next 2 Fiscal Years
Take-Two said it saw a decline in recurrent consumer spending for GTA Online in the first quarter, signaling that after years of consistent growth, player engagement rates for the live-service title might be slowing down. The videogame publisher is gearing up for the launch of its long-awaited Grand Theft Auto VI next year.
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Striking U.S. Video Game Actors Say AI Threatens Their Jobs
The decision to strike follows months of negotiations with major videogame companies including Activision Productions, Electronic Arts, Epic Games, Take-Two Interactive, Disney Character Voices and Warner Bros Discovery's WB Games.
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Teens' Junk Food Consumption Spikes After Watching Gaming App Ads - New Study Reveals
Digital marketing of unhealthy foods to young people is promoting an increase in the purchase and consumption of junk food by adolescents, according to new research.
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Lara Croft Voted Most Iconic Video Game Character Ever
Lara Croft is the lead character of the Tomb Raider franchise, and debuted in 1996.
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Sony to Cut 900 Jobs at PlayStation, Shut London Studio; Naughty Dog, Insomniac Hit With Layoffs
Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.
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Ubisoft Says It’s Probing a Possible ‘Data Security Incident’
Ubisoft has launched an internal investigation in the alleged data security incident.
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'Fortnite' Maker Epic Games To Lay Off Around 16% Of Staff: Report
"Fortnite" maker Epic Games is laying off about 900 employees, or 16% of its staff, Bloomberg News reported on Thursday.
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Meet 6-Year-Old Simar Khurana, World's Youngest Videogame Developer
Simar Khurana lives in Ontario, Canada, and started learning coding at the age of 6.
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Grand Theft Auto, NBA 2K Lift Take-Two Q1 Earnings to $1.2 Billion, FY 2025 Forecast Hints at GTA 6 Again
Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.
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US FTC Argues Microsoft's Deal to Acquire Activision Should Be Temporarily Blocked
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard. The FTC argues it needs a judge to block Microsoft and Activision Blizzard from closing their $69 billion (about Rs. 5,65,921 crore) merger until the agency's in-house ...
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Ubisoft, French Videogame Firm, Looks at AI, VR as the ‘Next Big Thing’ in Gaming
Ubisoft is eyeing artificial intelligence and virtual reality as the next big things in gaming, its chief executive said, especially ahead of the release of the Apple Vision Pro headset.
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Microsoft-Activision Blizzard Acquisition Deal Said to Get Blocked by US FTC
The US Federal Trade Commission will file an injunction blocking Microsoft's acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday. Microsoft is seeking to acquire the Call of Duty videogame maker in a $69 billion (nearly Rs. 5,68,800 crore) deal. The EU approved the Activision deal in May, but British com...
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
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Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
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Epic Games, EA, Roblox Among Video Game Companies Hit with EU Complaint for 'Tricking Consumers'
An EU consumer complaint on Thursday accused videogaming firms of misleading gamers into spending money. The move against Epic Games, Electronic Arts, and Roblox among others has come amid rising concerns about children turning into gaming addicts.
-
Take-Two Looks at GTA 6, Other New Games to Boost Bookings in Next 2 Fiscal Years
Take-Two said it saw a decline in recurrent consumer spending for GTA Online in the first quarter, signaling that after years of consistent growth, player engagement rates for the live-service title might be slowing down. The videogame publisher is gearing up for the launch of its long-awaited Grand Theft Auto VI next year.
-
Striking U.S. Video Game Actors Say AI Threatens Their Jobs
The decision to strike follows months of negotiations with major videogame companies including Activision Productions, Electronic Arts, Epic Games, Take-Two Interactive, Disney Character Voices and Warner Bros Discovery's WB Games.
-
Teens' Junk Food Consumption Spikes After Watching Gaming App Ads - New Study Reveals
Digital marketing of unhealthy foods to young people is promoting an increase in the purchase and consumption of junk food by adolescents, according to new research.
-
Lara Croft Voted Most Iconic Video Game Character Ever
Lara Croft is the lead character of the Tomb Raider franchise, and debuted in 1996.
-
Sony to Cut 900 Jobs at PlayStation, Shut London Studio; Naughty Dog, Insomniac Hit With Layoffs
Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.
-
Ubisoft Says It’s Probing a Possible ‘Data Security Incident’
Ubisoft has launched an internal investigation in the alleged data security incident.
-
'Fortnite' Maker Epic Games To Lay Off Around 16% Of Staff: Report
"Fortnite" maker Epic Games is laying off about 900 employees, or 16% of its staff, Bloomberg News reported on Thursday.
-
Meet 6-Year-Old Simar Khurana, World's Youngest Videogame Developer
Simar Khurana lives in Ontario, Canada, and started learning coding at the age of 6.
-
Grand Theft Auto, NBA 2K Lift Take-Two Q1 Earnings to $1.2 Billion, FY 2025 Forecast Hints at GTA 6 Again
Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.
-
US FTC Argues Microsoft's Deal to Acquire Activision Should Be Temporarily Blocked
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard. The FTC argues it needs a judge to block Microsoft and Activision Blizzard from closing their $69 billion (about Rs. 5,65,921 crore) merger until the agency's in-house ...
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Ubisoft, French Videogame Firm, Looks at AI, VR as the ‘Next Big Thing’ in Gaming
Ubisoft is eyeing artificial intelligence and virtual reality as the next big things in gaming, its chief executive said, especially ahead of the release of the Apple Vision Pro headset.
-
Microsoft-Activision Blizzard Acquisition Deal Said to Get Blocked by US FTC
The US Federal Trade Commission will file an injunction blocking Microsoft's acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday. Microsoft is seeking to acquire the Call of Duty videogame maker in a $69 billion (nearly Rs. 5,68,800 crore) deal. The EU approved the Activision deal in May, but British com...
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
-
Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
