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8th July 2021

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Featured Business articles

Unity reports strong Q1 2021, but losses widen

The company said $234.8m revenue exceeded expectations, but loss from operations represented $110.9m

By Marie Dealessandri

Epic vs Apple creates uncertainty | Podcast

Latest episode also discusses Sony's crossplay clause and this year's digital-only E3

By mylku Staff

Epic vs Apple - Week One Review: Epic still faces an "uphill battle"

Legal experts share their thoughts on the proceedings so far, and what to expect from the coming week

By James Batchelor

Latest Business articles

CEO says Paradox "can do better" as Q1 profits plummet

"We are not satisfied with the quarter," CEO Ebba Ljungerud said

By Marie Dealessandri

Starbreeze's Q1 losses shrink 95% to $505,000

New CEO Tobias Sjögren says "the road ahead is clear" as Payday 3 is fully funded

By James Batchelor

Epic vs Apple: What we've learned so far

Update: Epic claims Fortnite needs mobile to grow now it's reached "full penetration" on console

By mylku Staff

Epic Games claims Fortnite is at "full penetration" on console

Asserts that mobile with the biggest growth potential as it fights for restoration to iOS App Store

By James Batchelor

Capcom reports fourth consecutive year of record high profits

Publisher's ongoing success driven by Monster Hunter Rise and Resident Evil 3

By James Batchelor

Apple questions credibility of Xbox testimony

iPhone maker asserts that Microsoft did not produce evidence to back Lori Wright's claims of unprofitable consoles

By James Batchelor

Epic reportedly offered $200m to Sony for PlayStation exclusives

The firm also reportedly started discussions with Microsoft and noted that securing first-party Nintendo games would be a "moonshot"

By Marie Dealessandri

FTC has looked into Epic's handling of children's personal information

Testimony in Apple suit indicates federal regulator has taken an interest in Fortnite publisher's privacy practices

By Brendan Sinclair

Metacore secures €150m credit line from Supercell

The funding will go towards growing the Merge Mansion developer's team and expand its operations

By Marie Dealessandri

USC Games launches fund to support Black and Indigenous students

Professor Jim Huntley talks about starting the Gerald A. Lawson Endowment Fund with help from Take-Two, and why it's a needed step toward equity

By Brendan Sinclair

Activision Blizzard wins patent lawsuit after nine years

The judge ruled that the patents were "not inventions" of Worlds Incorporated, which was suing for infringement

By Marie Dealessandri

Tencent in talks with US Committee to retain Epic and Riot stakes

The CFIUS is investigating whether user data handled by the two studios could constitute a "national security risk" because they are Chinese-owned

By Marie Dealessandri

Nintendo reports record full-year profits as Switch nears 85m units sold

And, despite forecasting decline, the platform holder expects console to beat Wii's 101 million lifetime sales this year

By James Batchelor

Australia introduces tax break for games

The 30% tax relief is the first ever federal tax incentive for the Australian games industry

By Marie Dealessandri

Epic pushed for subscription-free multiplayer on Xbox ahead of Apple battle

CEO Tim Sweeney told Xbox boss Phil Spencer that "certain plans for August" would create an "extraordinary opportunity"

By James Batchelor

Carry1st raises $6m in Series A funding round

The money will go towards scaling mobile games in Africa

By Danielle Partis

Fortnite made $9bn in two years

Epic Games' battle royale made $5.4bn in 2018 and $3.7bn in 2019, court documents from the Epic vs Apple trial showed

By Marie Dealessandri

Epic expects Epic Games Store to be profitable by 2024

Court documents also reveal details of $146 million Borderlands exclusivity deal and $11.7 million spent on free games

By James Batchelor

Epic, Apple trade shots in opening statements

Fortnite maker questions motivations behind App Store policies while iPhone maker says Epic victory would hurt consumers

By Brendan Sinclair

Ubisoft hostage hoaxer continued to call in fake reports - Report

La Presse says November call was followed by similar fake reports in December and January; caller wanted to ban a Rainbow Six player

By Brendan Sinclair

Riot Games contributes $1m to Wings fund

"Creating necessary change in the games industry [is] only possible through the right partnerships," Riot said

By Marie Dealessandri

Gfinity acquires Fortnite fan site

The esports company will leverage Drawnite.com to expand its publishing platform, Gfinity Digital Media

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