Mergers and acquisitions continue to sweep the video game industry: M&A activity recap (May 2022)
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Embracer Group net sales increased 89% in FY 2022
However, Embracer's pace of scooping up studios means short-term losses.
Published
, by
David Carcasole
Saudi Arabia's PIF takes 5% stake in Nintendo
The PIF previously acquired stakes in both Capcom and Nexon.
Published
, by
Jon Yelenic
Insomniac Games pledges $50,000 in reproductive rights donations
Sony policy prohibited the Ratchet and Clank developer from announcing its donation, but PlayStation will reportedly match the pledge as well.
Published
, by
Josh Broadwell
Take-Two net revenues up 11% in Q4
Red Dead Redemption 2, Tiny Tina's Wonderlands, and WWE all exceeded the publisher's expectations.
Published
, by
David Carcasole
Total video game sales dropped again in April, despite increases in hardware revenue (NPD)
Lego Star Wars set a new record for the franchise, while FromSoftware's Elden Ring continues to reign supreme.
Published
, by
Josh Broadwell
Report: Consumer spend on mobile games dropped 10% in the U.S. (Sensor Tower)
Revenue declined in other high-performing mobile markets across the world, as publishers begin to expand in alternative markets.
Published
, by
Josh Broadwell
Ubisoft sales, income drop in FY22 as Yves Guillemot dismisses buyout concerns
The publisher's sales dipped by 4%, while consolidated net income saw a 24% decline YOY.
Published
, by
Jon Yelenic
Safe In Our World launches new campaign for Mental Health Awareness Month
The goal is to keep discussions about mental health in the games industry in the spotlight. Charity manager Sarah Sorrell talks to GameDaily about the initiative.
Published
, by
Sam Desatoff
EA Sports ends 30-year partnership with FIFA
The football video game series will be known as "EA Sports FC" starting in 2023.
Published
, by
Jon Yelenic
Capcom reports record profits five years running
Resident Evil and Monster Hunter continue to drive the publisher to new heights.
Published
, by
David Carcasole