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).

NetEase’s Eggy Party has launched a creators program aimed at increasing UGC (User-Generated Content) activity. The developers have taken the first step towards an open platform for creativity, where players can create content and earn from it.

The Chinese portal GameLook calculated that the mobile version of Age of Empires has generated 100 million yuan (approximately 13.89 million dollars) for TiMi Studios since its release on October 17.

Broken Sun is an ambitious MMORPG set in a fantasy world, developed by Redneck Studio from Saint Petersburg. A relatively large team is working on the project, with over 200 specialists involved.

Artist Kenney Vleugels shared with the indie developer community that his recently released asset pack was added to a game just two hours after its release.

Monday, November 11th started off poorly for the Japanese company Square Enix as their stocks fell. According to the Nikkei newspaper, their price dropped by 12.37% to 5,400 yen per share ($35.4 USD).

The studio Top App Games has shared the successes of its mobile PvP strategy game Ludus: Merge Arena, launched in October 2023.

The initial results of the game “Trouble. Call of the Heart” — a mobile visual novel based on “Trouble” — have been revealed. The creators announced that by November 9, 20 thousand people had downloaded the project.

A number of NetEase employees have been arrested on corruption charges, the failure of Concord served as a lesson for Sony, the creators of Palworld revealed details about Nintendo’s claims and reported that the company demanded $65,000 in compensation — here are the major events in the gaming industry from the past weekend.

WN Academy and WN Talents have announced the online event “One Step Ahead: HR Strategies for 2025.” This conference aims to shed light on the job market in the gaming industry and address the challenges faced by companies in the human resources sector.

According to data from a new survey by XYZ School, Russian users may have spent 65 billion rubles on in-game purchases from July to September 2024.

On December 11, WN Media Group will host its first event dedicated to online gambling — the WN iGaming Summit. It will take place in Cyprus with support from Google Corporation. More than 500 participants are expected.

Sony reported its financial results for the second quarter of fiscal year 2024, which ended on September 30. Below are the figures for the company’s gaming division.

Warner Bros. Discovery released its financial report for the third quarter of 2024. The company is experiencing significant losses in its gaming division.

Is there a difference between the state of affairs in the video game market and the gambling industry? This was discussed by Vladimir Nikolsky and Alexander Riddick at the recent WN Conference Cyprus’24.

Tencent confirmed to PocketGamer that it carried out layoffs at the London office of Sharkmob studio. The exact number of dismissed employees has not been disclosed.