Earlier today, Square Enix announced the formation of Luminous Studios, an in-house development unit led by Hajime Tabata, the director of Final Fantasy XV. Perhaps named based on the Luminous Engine which Final Fantasy XV was developed from, the studio…
Tencent Holdings – Over USD 10 billion profit achieved for year 2017
Tencent Holdings Limited, the largest IT company in China, recently announced its financial results for the year of 2017. While you may have known its subsidiary Tencent Games, the company is also behind China’s top chat app (WeChat), online messenger…
Bluehole – Korean giant buys over local developer Red Sahara Studio
Thanks to the global success of PlayerUnknown’s Battlegrounds, Bluehole is now one of the richest and most recognized gaming company in the world. The developer of TERA today announced the acquisition of local mobile games developer, Red Sahara Studio, in…
PUBG Corp – Key executive from Riot Games defects to support battle royale game
Last week, it was revealed that PUBG Corporation has poached a key executive from Riot Games in order to expand its esports business for PlayerUnknown’s Battlegrounds. The personnel is Jung Hyun Kwon (권정현), who previously worked as Managing Director of…
Echo Fox – Parent company of esports team raises USD 38 million in funding
Vision Esports, the ownership group which owns esports team Echo Fox, recently announced it has raised USD 38 million in a funding round. The round was led by Evolution Media, an investment firm backed by Creative Artists Agency (CAA) and private…
Google – Internet giant hires console gaming veteran for hardware team
While currently just a rumor, a recent executive hire triggered the speculations that Google is building its own gaming device. The new Google hire is video game industry veteran Phil Harrison, who worked on the Sony PlayStation brand across 15…
Action Square – Blade II developer obtains investment from Kakao Games
South Korea gaming giant Kakao Games recently announced it has invested around USD 190,000 in domestic developer Action Square. Through this deal, Kakao Games will obtain a 10.43% stake in Action Square. The studio, founded in 2012, has developed mobile action…