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Kuro Games Is Now A Property Of Tencent
Kuro Games was founded in 2014 as Zhuhai Kuro Technology Co. Ltd.
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Tequila Works Is On The Verge Of Shutting Down 1 Month After Announcing Layoffs
Tequila Works promotes itself as a “boutique studio that unites tradition and creativity”.
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Xbox May Send More Exclusives To PS5, Mulling More Acquisitions
“To ensure long-term success for both Xbox and the industry as a whole, we must continue to evolve,” Spencer said.
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Payload Studios Suffers Another Round Of Layoffs Three Months After Cutting Staff By 25%
The roles impacted at Payload Studios cut across community manager, QA tester, artists, producer, designer, and director.
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Visions Of Mana Developer Ouka Studios Is Shutting Down. See Why
Ouka Studios, the developer behind Visions of Mana is facing closure as NetEase and Tencent scale back their investment in Japan
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TerraTech Maker Payload Studios Is Laying Off 25% Of Its Workforce
TerraTech developer Payload Studios has announced that it is laying off 25% of its workforce according to the CEO’s announcement.
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Sumo Group Is Laying Off 15% Of Its Workforce Globally, Shut Down Timbre Games
Sumo Group was acquired by Tencent in January 2022. It is made up of Sumo Digital, Auroch Digital, and Secret Mode.
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Alan Wake’s Remedy Entertainment Has Canceled Project Kestrel. See Why
Alan Wake Developer Remedy Entertainment has announced the cancellation of a multiplayer project codenamed Kestrel.
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Chinese Regulators Scamper To Control The Damage Caused By The December 22 Draft Regulations
Last week Chinese regulators published a new draft law that aims to curb in-game spending. The announcement published by the National Press and Publication Administration had a ripple effect…
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Tencent And NetEase Lost Nearly $80 Billion To China’s New In-Game Spending Regulation
Just when China’s gaming market was bouncing back from a government crackdown, regulators have announced new rules that aims to limit in-game spending and rewards that encourage the same.