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…
Netmarble – New working hours introduced to prevent employee deaths
After being berated by the government, human rights groups, current and former employees, South Korean developer Netmarble finally launched a plan to make sure no more employees commit suicide or pass away due to over-working in the company. Most importantly, the…
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…
Anime Festival Asia – Organizers of GameStart and AFA team up for bigger and new events
SOZO, organizer of Southeast Asia’s largest Japanese pop culture event Anime Festival Asia (AFA), and Eliphant, organizer of Southeast Asia’s premier gaming convention GameStart, have announced that both entities will form a strategic alliance to further strengthen existing events, and…
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…
Bluehole – PUBG success brings each employee 10 million KRW worth of incentives
According to reports from South Korea, developer Bluehole has given each of its employees (around 800) an average incentive of 10 million KRW (around 9,000 USD) due to the global success of PlayerUnknown’s Battlegrounds. Announced just before the start of…
Kakao Games – Nearly 20 mobile games set to launch in South Korea this year
Unlike its Korean gaming rivals such as Netmarble, NCsoft, and Nexon, Kakao Games does not really have its own development studios, hence it is mostly a pure publishing company. During its recent media day, the company announced around 20 new…
Netmarble – Project M and Seven Knights for Nintendo Switch revealed
Similar to NCsoft, Netmarble recently announced its latest financial status to the public and its shareholders. While the overall revenue went up for Q4 2017, the operating and net profits went down, most probably due to increased operating costs and…
NCsoft – Korean gaming giant posts record-breaking financial results for 2017
It is the time of the year where major companies post their financial results for the 4th quarter of 2017 and the whole of 2017, and NCsoft is no exception. Results have shown that sales, profits, and income has all…
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…
Virtus.Pro – Parent company acquired for USD 150 million by major Russian corporation
In reportedly the biggest esports-related transaction ever in Russian history, Mail.Ru has acquired ESForce, the parent company of SK Gaming, Virtus.Pro and several other esports ventures, for a sale price of USD 150 million, according to ESPN. ESForce also owns tournament organizer…
Kakao – Media giant announces USD 1 billion in new foreign investments
South Korea media giant Kakao Corporation, with over 30 different services including Kakao Games, recently announced that it has procured USD 1 billion in foreign investments. This news come after Kakao held roadshows in Singapore, Hong Kong, New York, London, Boston,…