Financial
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Take-Two acquires mobile games subscription service GameClub
The terms of the acquisition were not disclosed
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SELL: French games market dips to €5.5bn in 2022
Boxed titles accounted for 55% of the sector's consumer revenue generated last year
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Gamestop revenue dips as it pulls nearly $6bn in 2022
The retailer's collectible business segment saw an increase of 17% as it hit $964 million throughout the year
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CCP raises $40m for AAA blockchain game in EVE Online universe
Funding round led by Andreessen Horowitz
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Maximum Entertainment acquires Fun Labs | News-in-brief
Romanian developer and its 33 staff to integrate Modus Studios Bucharest
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Roblox had $150m in Silicon Valley Bank, says it will be unaffected by collapse
Games firm predict "no impact" on day-to-day operations following the bank's closure
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Ampere Analysis: Console market dipped to $56.2bn in 2022
Analytics firm notes that console subscription services were down by volume but spending was up by 5.6%
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Unity posts first profitable quarter on non-GAAP basis, expects to be profitable in 2023
Engine provider says profitability is driven equally by Create and Grow segments of the business
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Microsoft in Brussels: Sound and fury, signifying nothing | Opinion
A slick presentation to the European Commission may sway regulators to support the Activision deal – but Microsoft’s much-vaunted concessions don’t address key concerns
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Thunderful's full-year profits rise to $106.3m
Group's games businesses boosted by strong Q4 releases, but distribution is still king
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Gaming deals since 2020 over $115bn
InvestGame expects investments, M&A and more to "remain more or less table in 2023"
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Supernova Capital acquires Mi-Clos Studio and Little Red Dog Games
The equity firm has made an additional multi-million investment into the two developers it acquired
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Tencent leads $10m funding round for fitness gaming dev Quell
The UK-based studio is planning to launch its hardware this year alongside debut title Shardfall
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Saudi Arabia increases stake in Nintendo
UPDATE: Investment now stands at 8.26%, having already increased to 7.08% earlier this week
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Embracer sales up 128% during Q3, but organic growth down
CEO Lars Wingefors pointed to a "stable" quarter with "tough year-on-year comparisons"
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Telltale raises $8m from Hiro Capital and Skybound
This Series A round will go towards funding The Expanse series, The Wolf Among Us 2, and an unannounced game
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Starbreeze almost halved its loss in 2022 but didn't re-establish profit
Sales were on a par with 2021, with a slight 1.5% increase year-on-year attributed to continued success of Payday 2
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Roblox reports a nearly $1bn net loss during 2022
Game platform continues to grow revenues but expects to continue reporting losses "for the foreseeable future"
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Nexon hits "record revenue" in 2022 but net income down 11%
The company had a net loss of $60 million during Q4 2022
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Nintendo to increase wages 10% despite lowered forecast
"It's important for our long-term growth to secure our workforce," president Shuntaro Furukawa said
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Nintendo's financials slightly down to $9.8bn as hardware dips
Hardware sales were down 21.3% year-on-year, Pokémon Scarlet and Violet sold a combined 20.61m units
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Konami's nine-months net sales see a 5.5% boost as it amasses $1.7bn
The firm's digital entertainment sector sees a 1.6% bump as it pulls in $1.2 billion during the period
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Square Enix sees an 6.6% drop for the past nine months as it pulls in $2bn
The publisher notes that its HD Games segment saw an 11.3% decrease despite launching multiple titles
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Phoenix Labs regains independence after management buyout
The Vancouver-based studio will spin out of Garena and go private
