The Swedish holding company Embracer Group continues to sell its assets. Following the sale of Saber Interactive and Gearbox Entertainment, it has decided to part with the mobile game developer Easybrain.

Microsoft planned to launch its own mobile gaming store back in July, but it has yet to debut. The head of Xbox, Phil Spencer, explained to Bloomberg why this has been the case.

Microsoft’s gaming division is open to making new acquisitions, as Xbox head Phil Spencer revealed in an interview with Bloomberg. However, large-scale deals are not planned for the near future, as the corporation is currently concluding the integration of Activision Blizzard.

In the third quarter of 2024, the Chinese giant Tencent increased all key indicators. This achievement was largely due to the excellent performance of its gaming division.

The Sovereign Fund of Saudi Arabia, the Public Investment Fund (PIF), continues to divest its shares in Nintendo. As noted by Bloomberg, the share controlled by the fund in Nintendo recently decreased to 6.3%.

CD PROJEKT reported that Korean gamers have purchased The Witcher 3: Wild Hunt over one million times in the nearly 10 years since its release.

The Walt Disney Company is searching for a successor to its current head, Bob Iger, according to The Wall Street Journal. Sources claim that one of the candidates is Andrew Wilson, CEO of Electronic Arts (EA).

Techland announced that the spin-off Dying Light: The Beast has surpassed 1 million wishlists in less than three months since its announcement.

Payload Studios has confirmed that it parted ways with more employees last week. The exact number of layoffs is unknown.

Details have been published about the upcoming conference by WN Media Group in China. It will take place on November 21-22 in the city of Xiamen, with key participants including KRAFTON, MY.GAMES, IGDA, AppsFlyer, and the local municipal government.

On November 12, the new installment of Farming Simulator was released on PC and consoles. At least on Steam, the farming simulator proved to be very popular. The game’s peak concurrent player count on Valve’s platform reached 126,761 people.

The Spanish studio Tequila Works has declared bankruptcy. The company filed the necessary paperwork, and all of its founders have resigned.

The financial reporting season continues as Nexon has now unveiled the results for the third quarter of 2024 (July-September). For the second consecutive time, the company has reported record-breaking revenues.

Analysts at Lumikai have presented a report on the state of the video game market in India. According to their forecasts, the industry’s revenue will grow by an average of 20% over the next four years.

The launch of the mobile card game Pokémon TCG Pocket has been exceptionally successful. According to data from the analytics service AppMagic, the IAP revenue for the project has reached $49 million. This milestone was achieved in just under two weeks; Pokémon TCG Pocket was released on October 30.

LightSpeed Studios, a subsidiary of Tencent, has announced the launch of a branch in Japan. Veteran Japanese game developer Hideaki Itsuno has taken the helm of the new team.

Shift Up Studio reported its financial results for the third quarter of 2024, which spanned from July 1 to September 30. We have highlighted the key points from the report.

Two California gamers have filed a class-action lawsuit against Ubisoft over the shutdown of The Crew servers, accusing the company of selling activation keys rather than the full version of the game. The plaintiffs claim that the company essentially deprived them of the right to own the product.

The gambling company Aristocrat agreed to sell Plarium. The new owner of the company, which developed RAID: Shadow Legends, will be the Swedish media conglomerate Modern Times Group (MTG).