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In response to a comment by Bill Markus, the co-founder of Dogecoin, that gamers have become “ideologically captured,” Elon Musk announced that his firm xAI will open a game studio. Musk states: “ Too many game studios that are owned by massive corporations ,” and that said studio will “ make games great again.”
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Activision has formed a new internal studio, Elsewhere Entertainment, which is set to create a new narrative-based IP and franchise. The studio has full access to Activision's resources during production and development of its upcoming title.
Relic Entertainment has partnered with UK-based investment firm Emona Capital to become fully independent after being sold by Sega in March. As reported by Game Developer , the studio has secured funding to stay independent through Emona Capital.
Founder and CEO Olivier Madiba is pursuing his dream of creating the biggest African game studio by building a Pan-African entertainment ecosystem which encapsulates games, comics, animation and even restaurants. Madiba humbly shared his studio’s struggles and how he was uncertain of its success. This is his story.
52 Entertainment has acquired Barcelona-based "casual games" studio, Blackout. 52 Entertainment says the acquisition "will add a new dimension to 52 Entertainment’s existing portfolio," and give the company "access to new synergies, expanding its global footprint and welcoming millions of new players to its growing community."
Forte has reportedly shut down mobile developer, Rumble Entertainment. According to a LinkedIn post from former senior web architect, David Bethune, Rumble – also known as R Studios – staff were recently "laid off with one month of pay in a Zoom meeting that lasted five minutes". Read more
Sega has announced it will make 121 redundancies at Company of Heroes developer Relic Entertainment. Sega says it is restructuring the studio to focus on core franchises, including the Company of Heroes series. Company of Heroes 3 launched on PC in February and arrives on consoles this month.
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Gearbox Entertainment has announced an unspecified number of redundancies following its sale from Embracer last week. As reported by Eurogamer , the studio said the layoffs weren't linked to the development of future titles, such as Borderlands 4.
Maximum Entertainment (previously Zordix) has announced the unification of its various divisions under one name. The company owns publishers Maximum Games, Modus Games, Just For Games, and Merge Games, and developer Modus Studios, all of which will be grouped together under the name Maximum Entertainment.
Riot Games has re-organised its leadership in its esports and entertainment segments. Prior to Riot, he was head of European publishing at Lionhead and CEO of Cryptic Studios. Needham was hired as managing director of Europe in 2017, and has since held various leading roles. Read more
Sixteen Tons Entertainment is changing leadership, with founder and former CEO Ralph Stock stepping down and handing the reins to Jan Richter. Richter joined the studio this month from ZeptoLab where he'd been working for the past four years, most recently as head of product and design. Read more
Embracer is considering the possible sale of Gearbox Entertainment. Sources familiar with the matter said the firm is considering selling off the studio after receiving interest from third parties. As reported by MarketScreener, the sale of the Borderlands maker would be a part of the firm's restructuring program, announced in June.
This blog follows the GDC panel,'Building and Sustaining Fully Remote Teams' with speakers, Eve Crevoshay (Executive Director, Take This), Ahmed Abdullah (Co-Founder/CEO Decoy Games), Bryna Smith (CEO, Brass Lion Entertainment) and Sasha Boersma (Co-Founder/Producer, Sticky Brain Studios).
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First Contact Entertainment has announced its closure. The Los Angeles-based studio shared a statement on social media , citing a "lack of support for VR within the industry" as the main reason for closing its doors. "As As an AAA VR game developer, we are just not able to justify the expense needed going forward," the studio said. "[We]
Pullup Entertainment has acquired minority stakes in two independent studios, Uppercut Games and Rundisc. The games firm will acquire financial assets in Submerged developer Uppercut, and will co-own and publish its upcoming game through its subsidiary, Focus Entertainment Publishing. Read more
A new AAA studio has launched, composed of industry veterans from EA, Sony, Blizzard, Disney, Apple, and Google. Hood has over three decades of experience in the entertainment and gaming industries, having co-founded Blind Squirrel Games in 2009 and worked as head of digital strategy and innovation at Google from 2018 to March 2023.
New Sweden-based studio Blue Scarab Entertainment has raised $7 million in a seed funding round led by NetEase and Behold Ventures. Led by industry veterans CEO Colin Cragg and CTO Enno Rehling, the studio will use the funds raised to develop its debut MMORPG title. Read more
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Eschatology Entertainment has raised $11.3 The funding round also included participation from GEM Capital and The Games Fund, both of which invested $4 million in the game studio in 2022 which supported initial development and hiring. million in series A funding, led by Krafton.
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