Tag

Business And Gaming

All articles tagged with #business and gaming

business-and-gaming1 year ago•2 min saved

"Take-Two Acquires Gearbox Entertainment, Confirms New Borderlands Game Development"

Take-Two Interactive has acquired Gearbox Entertainment from Embracer Group for $460 million as part of Embracer's restructuring efforts following a failed $2 billion deal. The sale includes Gearbox's development entities and franchises, with Take-Two gaining ownership of titles like Borderlands and Homeworld. Embracer retains other branches of Gearbox and is integrating them into the company. Gearbox confirms six titles in the works, including sequels and a new IP. Both Embracer and Gearbox CEOs express confidence in the transaction's benefits for all stakeholders.

via Game Informer|

#acquisitions #business-and-gaming #embracer-group

business-and-gaming2 years ago•1 min saved

"Embracer Group's $500 Million Sale of Saber Interactive and Gearbox"

Embracer Group is reportedly selling Saber Interactive to private investors for up to $500 million, making Saber a privately owned company with around 3,500 employees. Despite Embracer's restructuring and job cuts, Saber will continue working on the Star Wars: Knights of the Old Republic remake. The deal may also involve bringing along some Embracer subsidiaries, and Saber recently announced a new game, Jurassic Park: Survival.

via Video Games Chronicle|

#business-and-gaming #embracer-group #private-investors

business-and-gaming2 years ago•2 min saved

"Baldur's Gate 3 Rakes in $90 Million for Hasbro"

Hasbro reported that Baldur's Gate 3 has generated $90 million in revenue since its release, contributing to a 7% increase in revenue for Wizards of the Coast. Despite this success, Hasbro experienced an overall revenue decline of 15% and a $1.5 billion loss in 2023, leading to significant layoffs. The company's CEO remains optimistic about their "Fewer, Bigger, Better" strategy and anticipates continued momentum in 2024, despite potential industry challenges.

via IGN|

#baldurs-gate-3 #business-and-gaming #earnings-call

business-and-gaming2 years ago•1 min saved

"Baldur's Gate 3 Rakes in $90 Million for Hasbro, Signaling Big Future for D&D Games"

Hasbro has earned approximately $90 million from the critically acclaimed video game Baldur’s Gate 3 since its August release through a licensing deal with Belgian developer Larian Studios, which utilized the Dungeons & Dragons property owned by Hasbro subsidiary Wizards of the Coast. The game has garnered overwhelmingly positive reviews and sold millions of copies across various platforms, with sales expected to continue through 2024, albeit at a slower pace.

via BNN Bloomberg|

#baldurs-gate-3 #business-and-gaming #hasbro

business-and-gaming2 years ago•1 min saved

"Baldur's Gate 3 Generates $90M Revenue for Hasbro, Fueling Growth in Digital Gaming"

Hasbro has earned approximately $90 million from the critically acclaimed video game Baldur’s Gate 3 since its release in August, thanks to a licensing deal with Belgian developer Larian Studios, which used the Dungeons & Dragons property from Hasbro subsidiary Wizards of the Coast.

via Bloomberg|

#baldurs-gate-3 #business-and-gaming #dungeons-and-dragons

business-and-gaming2 years ago•2 min saved

"Xbox's FY24 Q2 Gaming Revenue Soars 49% After Activision Blizzard Acquisition"

Microsoft's FY24 Q2 financial results show a 49% year-over-year increase in gaming revenue, driven by the impact of the Activision Blizzard acquisition. Xbox content and services revenue rose by 61%, while hardware revenue increased by 3%. The growth is attributed to the integration of Activision Blizzard, with the company's gaming division experiencing significant expansion. However, this growth comes amid layoffs, particularly at Activision Blizzard, raising questions about the necessity of the workforce reductions despite the soaring numbers.

via Windows Central|

#activision-blizzard #business-and-gaming #gaming-revenue

business-and-gaming2 years ago•1 min saved

"Call of Duty Executive Johanna Faries Named President of Blizzard Entertainment"

Johanna Faries, former Call of Duty boss, has been appointed as the new head of Blizzard following the departure of Mike Ybarra. Faries, who previously worked for the NFL, acknowledges the differences between Activision, Blizzard, and King, and expresses respect for Blizzard's distinct games and culture. With Faries moving to Blizzard, Call of Duty's current Vice President of Product Management, Matt Cox, will take over as head of the franchise. Despite Microsoft's acquisition of Activision Blizzard, the company has committed to releasing Call of Duty on Sony's consoles for the next ten years, and live service titles like Overwatch 2 and Diablo 4 will continue to be updated on PlayStation platforms.

via Push Square|

#activision #blizzard #business-and-gaming