It is the time of the year when the publicly-listed companies report their financials for the 2nd quarter (April to June), and Netmarble has just released theirs. The biggest item which we noticed is the drop in operating profits, which…
Pearl Abyss – Black Desert studio announced massive financial results and updates on new games
Pearl Abyss, the acclaimed developer of Black Desert Online, today announced its financial earnings for the most recent quarter. Since the document is all in Korean, I will talk about the important numbers such as Q2 2019 having the company’s…
Nexon – Korean gaming giant will not be at G-Star for the first time in 14 years
According to reports from South Korea, Nexon has announced it will not be attending this year’s G-Star game exhibition (at least in the public halls) for the first time in 14 years. The reason given by Nexon is to “focus…
Nexon – Latest financial results paint a rather healthy picture for gaming giant
Amidst all the recent gloomy news about the future of Nexon in North America and Europe, Nexon today announced healthy financial results for the second quarter of 2019 (April to June). Overall, the net income surpassed expectations despite being down…
Nexon – 2 western subsidiaries are shutting down due to internal restructuring
Following the shift to Embark Studios leading Nexon’s future growth in North America and Europe, big changes have happened. Both Nexon M and Nexon’s Division Partners Office are being closed by the end of this month, with many developers and…
Nexon – Former EA executive tasked to lead Western market and we are genuinely worried
Barely a month after investing in the startup, Nexon today announced its plan for the complete acquisition of Embark Studios AB (“Embark Studios” or “Embark”), founded by Patrick Söderlund. Nexon will increase its existing stake of 66.1% to 72.8%, and…
NCsoft – Guild Wars 2 on mobile mentioned during financial call
NCsoft recently published its financial results for the 2nd quarter of 2019 (from April to June), and once again the South Korean developer and publisher was saved by Lineage. Currently at 21 years old, the recent Remastered update and Free-to-Play…
Mavericks: Proving Grounds – Studio behind ambitious 1,000 player online shooter goes broke
Mavericks: Proving Grounds, an ambitious online shooter first revealed in 2017, has been canceled by its developer Automaton Games. Touting support for 1,000 players in the main Proving Grounds mode and an in-development battle royale mode supporting 400 players, Automaton…
Nexon – Korean gaming giant rumored to have big internal merger next month
According to the Korean media, Nexon will merge both its mobile and PC games business units next month in a major overhaul. This is rumored to be due to the canceled sale of Nexon, as no satisfactory price was offered…
Tencent Games – New Pokémon game is a global title being developed in North America
Following the official announcement made by Tencent Games yesterday on making a new Pokémon game, and more details were revealed earlier today through a couple of new job postings. It seems that the untitled game is in the early planning…
Tencent Games – Subsidiary studio announces new project with The Pokémon Company
Tencent Games today announced that its subsidiary studio, TiMi Studio Group, will be working with The Pokémon Company on a new project. If you did not know, TiMi Studio Group is the team which made games such as Honor of…
Blizzard Entertainment – Second founder leaves troubled game developer after 28 years
[Source] Following the exit of fellow company founder Mike Morhaime back in April, Frank Pearce has also announced his departure earlier today after a lengthy 28 years. Starting out as the first programmer in Blizzard Entertainment, Frank most recent role…
Behaviour Interactive – NetEase Games invests in Dead By Daylight studio
NetEase Games, a subsidiary of Chinese internet giant NetEase Inc, today announced that it has acquired a strategic minority stake in Canada’s largest independent games studio, Behaviour Interactive. Following this investment, Montreal-based Behaviour will continue to operate independently and NetEase…
Embark Studios – New Swedish developer becomes a Nexon subsidiary
Nexon today announced that it will increase its investment in Embark Studios following the initial investment made in November 2018. Nexon will now acquire an additional 32.8% of the outstanding shares of the studio, increasing its total shares to 66.1%.…