Take-Two reported on the results of the first fiscal quarter of 2022 (ended June 30). Although its net revenue decreased by 2% during this period, thanks to strong sales of key franchises, the company managed to increase profits by 72%.

It became known about the possible plans of the Chinese Tencent to acquire the publisher 1C Entertainment, known for such series of games as “Behind enemy Lines”, “Space Rangers” and King’s Bounty. CEO of 1C Entertainment Nikolay Baryshnikov in an interview with App2Top.ru stated: “I have no comments on this topic.”

Blizzard Entertainment has announced a change of leadership. J. Allen Brack is no longer the head of the company. Instead, it will be managed by two top managers who recently joined the studio. One of the new leaders is a woman.

Chinese authorities continue to look for new ways to regulate online business and video games. In just a day, the shares of local giants like Tencent and NetEase have sharply lost in price. This is due to an article in a state newspaper that equated games with drugs and called for stricter control measures of the industry.

Chinese giant Tencent is preparing new restrictions for underage gamers in Honor of Kings. The company said it plans to further reduce the time they can spend in the game. She also intends to ban children under the age of 12 from spending money.