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Industry Keyword: Games

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Reggie Fils-Aimé is not a fan of Facebook’s metaverse

The future potential of the Metaverse, which could best be summarised as a new iteration of Second Life, is a subject that Facebook CEO Mark Zuckerberg, has identified as a defining opportunity for his...

Twitch seeks to ban creators that share ‘misinformation’ on the Internet

The move by Amazon.com-owned video streamer Twitch comes as other platform players are also seeking to crackdown on the spread of propaganda and fake news from Russian media outlets. Twitch says it will ban creators...

Epic Games continues acquisition spree by acquiring Bandcamp

Epic Games is continuing its habit of buying innovative creator-friendly companies. The US-based video game giant has announced plans to acquire the online music platform Bandcamp. Founded back in 2007 by Ethan Diamond, Shawn Grunberger,...

Buffett’s Berkshire bought Activision shares before Microsoft takeover

Warren Buffett's Berkshire Hathaway Inc acquired nearly $1 billion of shares in Activision Blizzard Inc before Microsoft Corp agreed to buy the video game maker for $68.7 billion, according to a regulatory filing. Berkshire said...

Sony’s new AI beats humans in Gran Turismo racing game

Sony has said it has created an artificial intelligence agent called Gran Turismo Sophy (GT Sophy) that was able to beat world's best drivers of the PlayStation racing simulation game Gran Turismo. To get GT...

Video game publisher Electronic Arts lowers annual adjusted sales forecast

Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking up new gaming titles. California-based EA's...

Epic Games invests in Spire Animation’s funding round, eyes metaverse

Spire Animation Studios has said it has raised $20 million in a funding round, which included an investment from Fortnite-maker Epic Games to collaborate and build metaverse experiences. Spire said Epic's three-dimensional creation tool Unreal...

Tencent plans to take US-listed streaming firm DouYu private

Tencent Holdings Ltd plans to take DouYu International Holdings Ltd private amid disagreements over strategy among executives at the Chinese videogame streaming firm, two people with direct knowledge of the matter said. Tencent, the biggest...

Microsoft faces challenge cleaning up Activision Blizzard’s culture

The success of Microsoft’s biggest deal ever rides on rehabilitating Activision Blizzard’s culture, Microsoft Chief Executive Satya Nadella declared after announcing the $69 billion transaction. Accomplishing that will require Microsoft to deviate from its usual...

Microsoft to gobble up Activision in $69 billion metaverse bet

Microsoft Corp is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The deal announced...

Analysis: Sony faces deep-pocketed rivals in war over future of gaming

Sony Group, perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes expansion on multiple fronts, including electric...

Apple wins last-minute reprieve from App Store changes

Apple has won a reprieve from having to make major changes to its lucrative App Store while it appeals an antitrust lawsuit brought by "Fortnite" creator Epic Games. In September, a US judge ordered Apple...