Inworld AI raises $10 million to create characters for virtual worlds
A beta version of the company's AI characters creator platform is due in Q2
Latest Financial articles
Epic Games acquires music store Bandcamp as part of “creator marketplace ecosystem” vision
Company will continue operating as a standalone marketplace and music community
Tencent acquires minority stake in Canadian studio Offworld Industries
Offworld hopes the investment will help it "build upon the live services of its successful FPS titles"
Ampere Analysis: Console market grew to record $60bn in 2021
Data and analytics firm expects further $1 billion growth as rise of subscriptions offsets boxed sales decline
MiHoYo invests $65m in nuclear fusion technology
Genshin Impact developer contributes to improving renewable energy research
Hiro launches second venture fund
€300 million fund to be invested in "entrepreneurial teams" across games, esports, creator platforms and gamified fitness
Netmarble generated $2.1 billion in revenue in 2021
Growth settles following pandemic boom, EBITDA down 30% year-on-year due to rising labour costs
Square Enix raises forecasts thanks to increased MMO revenues
HD game sales still down year-on-year as Guardians of the Galaxy "undershot initial expectations"
Roblox revenue soars 108% to $1.9bn in 2021
Platform had 45.5 million daily users on average last year
Return Entertainment raises €5.3 million
The Helsinki-based studio is working on two cloud-native games for PC and mobile
Supercell revenue increases 45% to $2.24bn in 2021
The studio generated profits before taxes of $852 million, a 80.3% rise compared to 2020
Rovio reports record Q4 revenues of €286.2 million
Trio of Angry Birds games drive growth in revenues and bookings, but profits dip to €43.7 million
Sega raises forecasts after strong game sales in holiday quarter
Publisher turns around last year's $53.5 million nine-month loss to $254.8 million profit
European Union to invest €11bn in "technological race" for semiconductors
Investment to finance industrialisation of chip manufacturing and create "new applications" for various industries
Intellivision Entertainment hasn't generated revenue since launch
The company may only be able to operate until July 2022 if it doesn't succeed in raising more funds
Bandai Namco revenues up 15.5% to $5.4bn
Publisher saw growth across its game businesses driven by Japanese releases
Nexon operating income down 18% to $793m in 2021
This is due to a "challenging comparison" with FY2020, the company said
Hiro Metaverse Acquisitions raises £115m via IPO
Company raises full amount following announcement to go public last week
Nvidia's acquisition of Arm cancelled due to "significant regulatory challenges"
Arm parent SoftBank will instead float chip maker's shares by April 2023, Arm gets new CEO
Koei Tecmo profit grows 40% to $235m in nine-month financials
Net sales also increased 25.9% year-on-year
Unity revenues up 44% to $1.1bn, but losses widen
Development platform sees uptick in full-year earnings, but operating losses account for almost half of it
Konami revenue up 12% in nine-month financials
The company reiterated its intention to sell NFTs, "in an effort to preserve content that has been loved by [its] customers"
Page 1 of 93Next Page »