Meanwhile, #AI has no impact on real economic performance outside stocks markets

#Economy #Business #Finance

If you are looking for investments into game studio, it's gonna be good to know what are these $$$ for. Narwhal Accelerator explained it in this detailed article:

Advanced Profits & Loss (P&L) guide for game developers

#Finance #Business #GameDev #Investments

Good news, everyone!

PUBG publisher Krafton has acquired Tango Gameworks and the Hi-Fi Rush IP from Xbox as part of a 'strategic agreement'.

The firm says it is working with Xbox to enable a 'smooth transition' so that the Tango team can "continue developing the Hi-Fi Rush IP and explore future projects".

Via GameIndustryBIZ #Business #GameDev #Microsoft #Xbox

Initial sales of Star Wars Outlaws were significantly lower than Jedi Survivor and only slightly better than Avatar Frontiers of Pandora.

Investors expected way more from a well-known franchise and Ubisoft market cap fell under 2 billion.

🤔 What's the problem?

The game brings nothing new to the table nor anything "good old" as a fan service product — it's exceptionally bland and safe up to the point where it's barely a Star Wars game.

#Ubisoft #Business #Finance

#NVIDIA is now under investigation in the US for building a monopoly in both AI acceleration and graphics processing. The scope of the issue is yet to be revealed.

Because of that the company lost $280B of market capitalization in a single day.

#Hardware #Business

Frostpunk 2 sales were lower than expected and 11 Bit Studios lost over 40% of its market value #Business #RTS #CityBuilder

Since it's a sequel, investors expected way higher initial sales and visibility, but media isn't interested in a hardcore City Builder. While true fans complained that FP2 is easier and system requirements are too high.

❄️ You can check out the game on Steam!

And you know the craziest part? They sold 350K copies during the first weekend. Their production costs are already covered. But investors wanted EVEN MORE.

It seems that #OpenAI is facing hard times: they just lost three more leads, including the CTO Mira Murati. Dozens of others left during the last year.

And people are questioning both — how or if will they become profitable and how they will overcome current AI limitations.

#AI #Business

According to several sources, #Tencent wants to buy #Ubisoft for the second time. The last time their shares were $100, now about ten times less...

#Finance #Business

2024 was a tough year for Don't Nod:

First, Banishers: Ghosts of New Eden and Jusant sold poorly despite fairly good critics and players reception. And then Don't Nod delayed Lost Records: Bloom and Rage and tried to focus more on Life is Strange: Double Exposure.

Because of that their market cap fallen drastically (losing 70% of the value over the year). Now they requested Euronext to suspend shares trading fully until further notice. What is going to be in the upcoming press release is unclear, but it sounds off.

Their current market capitalization is at 19.55M Eur., which is lower than the budget of their typical game. Since 2018 they lost 93% of value, falling from 32 Eur. per share to just 1.5 and now fully suspended.

#Finance #Business #Europe

Netflix shuts down Team Blue — it's own AAA studio that previously gathered a team of veterans who made Halo, Overwatch, and God of War. They were working on a new IP and were supposed to release something in the next couple of years... #Netflix #Business