South Korean game developer Gravity Corp, the company behind the Ragnarok Online series of games, today announced its latest financial results. For the whole year of 2019, it has achieved an operating profit of around USD 41.5 million, an increase…
Nexon – Latest financial presentation shows SINoALICE is still in the pipeline
Nexon today released its financial results for the 4th quarter of 2019 (from October to December), and we were surprised to see that SINoAlice is still in the pipeline. A game from Square Enix developed by Pokelabo, it was slated…
CrossFire – Former Fast & Furious producer leading film project
Smilegate today announced that it has signed a partnership deal with Sony Pictures Entertainment for a film based on its popular online military FPS, CrossFire. Tencent Pictures from China is co-producing and investing in this CrossFire film project. If you…
XLGAMES – Kakao Games acquires majority share of ArcheAge developer
Korean media and entertainment giant Kakao Games recently announced it has acquired a 53% controlling stake in XLGAMES, developer of games such as ArcheAge and more recently, Moonlight Sculptor. Kakao Games will now have a strong game studio and new…
Nexon – Korean gaming giant agrees wage hike for employees after labor union negotiations
After a tumultuous year for Nexon Korea which saw a major restructuring and employees going on strike over the company’s treatment, there is finally a piece of good news. Well, for the Nexon employees at least. The Korea Herald is…
Phoenix Labs – Singapore’s Garena acquires North America developer of Dauntless
Sea Limited, the parent company of games company Garena, has acquired Phoenix Labs, an acclaimed independent games development company and the studio behind the popular cross-platform co-op action RPG, Dauntless. The teams intend to work together to continue building Phoenix…
Funcom – Tencent offers premium price to acquire full ownership of developer
Tencent today announced a voluntary cash offer to acquire all shares in Norwegian game developer Funcom. Tencent is a shareholder in many leading gaming developers, such as Riot Games, Epic, Supercell, Ubisoft, Paradox and Frontier. The company already owns close…
NPIXEL – Former Seven Knights developers obtain over USD 25 million in new investment
If you did not already know, NPIXEL is a new South Korean studio formed by former developers of games such as Seven Knights and it is working on its first title, Gran Saga. Today, it was announced that NPIXEL has…
NCsoft – New corporate identity and logo revealed for gaming giant
South Korean developer NCsoft today revealed a new corporate identity (CI) to start off a new year, and hopefully a new era. According to CEO Kim Taek-Jin, the new CI represents “craftsmanship, enthusiasm, and endless challenges.” Further more, the sharp…
City of Heroes – NCsoft files trademark application for superhero MMORPG it abandoned
Even though City of Heroes was first developed by Cryptic Studios and Paragon Studios, publisher NCsoft actually owned the IP rights to the superhero MMORPG. Launch in 2004, City of Heroes garnered a core group of players over the years,…
Nexon – Japan subsidiary sold for 1 Japanese Yen after years of losses
Back in 2012, Nexon bought over a Japanese studio called gloops to “accelerate Nexon’s mobile strategy.” The deal was all-cash with a massive outlay of 36.5 BILLION Japanese Yen! Fast forward to last week, it was revealed that Nexon has…
SEGA – Japanese developer announces internal mergers and new business group name
Just before Christmas a couple of day back, Japanese games developer SEGA Sammy Holdings announced that it had merged subsidiary SEGA Interactive into SEGA Games, effective since 20 September 2019. Furthermore, on 1 April 2020, SEGA Games will be renamed…
Nexon – Korean gaming giant announce the merger of 2 development teams
Nexon today announced that is has acquired all shares of its standalone studio, Nexon Red, and merge it with subsidiary Boolean Games. According to the official press release, the main aim is to reinforce the company’s development capabilities “by organically…
Monster Strike – Popular Japanese mobile game closes in China for a second time
The China subsidiary of Japanese developer XFlag, itself a subsidiary of mixi, recently announced the closure of Monster Strike in China for the second time. The mobile game was first closed in China under Tencent Games back in August 2015,…