Tag: Business
News Pour One Out For The Modchip Seller Facing Nintendo In Court Alone
Hounds, released
Back in July, Nintendo filed a lawsuit against Modded Hardware — an online store which, as you might expect, sells modded Switch consoles and chips — in its continued attempt to clamp down on piracy. Three months on, the alleged owner of the store, Ryan Daly, has filed his answer to the complaints where he denies any wrongdoing...
News Saudi Public Investment Fund Considering Increasing Its Stake In Nintendo
Will make investments in a "friendly" way
The Saudi Arabia Public Investment Fund is considering increasing its stake in Nintendo and other gaming firms, it has been revealed. Speaking in an interview with Japanese new agency Kyodo News, Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the PIF's gaming unit, revealed the desire to expand...
News Ubisoft's Disastrous 2024 May Lead To The Company Going Private
It lost half of its market value this year alone
Tencent and the Guillemot family are reportedly considering taking Ubisoft private as part of efforts to stabilise the company amid a tumultuous 2024. Acording to Bloomberg, both parties have reportedly been speaking with advisors on how best to bolster Ubisoft's value after multiple gaffs ov
News Nintendo Patents Filed After Palworld's Release Suggest Lawsuit Prep Started Months Ago
Pika your battles
Last week, Nintendo and The Pokémon Company announced that they were filing a patent infringement lawsuit against Palworld developer Pocketpair. While the latter studio claimed it was "unaware of the specific patents we are accused of infringing upon," online speculation soon began to throw out various plausible-sounding submis
News Nintendo To Go In 'Different Direction' To Current AI Trends, Says Miyamoto
Music to our ears
AI is, for better or worse, one of the hot topics of 2024. It's bloomin' everywhere at the moment. Naturally, there's a lot of speculation on whether major video game companies will implement the technology into their work (and many, it seems, already have), but Nintendo fans will no doubt be delighted to hear that the Japanese...
News PlatinumGames Gains 'The Wonderful 101' Trademark From Nintendo
How wonderful
Developer PlatinumGames has gained full ownership of the trademark for The Wonderful 101 from Nintendo after a document was spotted detailing the transfer. The document in question was picked up by Joseki100 on Reddit and relayed by the folks over at
News Analyst Is Certain Nintendo Will Win Its Lawsuit Against Palworld Developer
"Nintendo took its time to really build the case"
While everyone is patiently awaiting news from Nintendo regarding its upcoming Switch successor, the company made another, undoubtedly more surprising, announcement. Months after Palworld's release, Nintendo has now filed a patent lawsuit against developer Pocketpair, claiming that Palworld...
News Ex-Nintendo President Reggie Fils-Aimé Is Keen To Discuss The State Of The Industry
"Let’s talk"
It's safe to say that the games industry is in somewhat of a volatile state at the moment. Projects are taking longer to complete, budgets are becoming unsustainable, and development staff worldwide are being made redundant left, right, and centre. Indeed, it seems as though Nintendo is really one of the only major companies...
News Bayonetta Star Jennifer Hale On The SAG-AFTRA Strikes: "AI Is Coming For Us All"
"Now you’re using technology to take away our ability to feed our kids.”
The topic of AI is seemingly becoming more and more heated as time goes on at the moment, with creatives in particular speaking out against the technology as coporate big wigs look to streamline their operations and, ultimately, line their pockets. One actor who recently...
News Nintendo Of Europe Announces Leadership Changes As President Resigns
Welcome, Mr. Pereña
Nintendo of Europe has announced a few changes to its management structure after Stephan Bole stepped down from his role as President. Bole served as President for NoE for six years after succeeding Satoru Shibata in 2018, and has being an employee at the company for more than 35 years. According to the announcement, Bole has...
News Tango Gameworks Survives, Reviving The 'Hi-Fi Rush On Switch' Dream
Krafton saves the day
Tango Gameworks, the acclaimed studio behind the likes of Hi-Fi Rush, The Evil Within, and Ghostwire: Tokyo, lives to see another day. After being unceremoniously shut down by Microsoft earlier this year, the Japanese studio has been swooped up by South Kore
News Warner Bros. Is Reportedly Looking To Sell A Stake In Its Games Business
In an effort to reverse tumbling share price
Warner Bros. Discovery is reportedly looking to sell a stake in its video game business. As relayed by VGC, sources speaking to Financial Times claim that the media conglomerate is considering offloading smaller assets of its business in an effort to reverse its falling share price since the merger of...
News Xenoblade Chronicles Dev Monolith Soft Is Recruiting For A 'New RPG'
Eight roles are up for grabs
Monolith Soft, the developer behind the wonderful Xenoblade Chronicles franchise, has announced that it is looking to recruit new talent for what it describes as a 'new RPG'. In a post via the studio's official website (thanks, Nintendo Everything), founder, CCO, and executive director Tetsuya Takahashi put a call out...
News Nintendo's Share Price Tanks Amid Fears Of A US Recession
Nikkei 225 index fell by more than 12%
Nintendo's share price has tanked by more than 15% on Monday morning amid global fears of a US recession and rising tensions in the Middle East. As highlighted by Dr. Serkan Toto, CEO of industry consultancy Kantan Games, almost every major Japanese gaming company saw a drop in share price as Japan's Nikkei...
News Iconic Publication Game Informer Is Closing Down After 33 Years
Damn
Game Informer has announced that it is closing down after 33 years. The publication, owned by US retailer GameStop, started back in August 1993, but has announced its closure via a short post on social media. It states, "After 33 thrilling years of bringing you the latest news, reviews, and insights from the ever-evolving world of gaming, it...
News Nintendo Of Europe Completes Plan To Merge Subsidiaries
All hail NoE SE
In addition to its usual financial shenanigans, Nintendo has announced that its plan to merge its European subsidiaries under one banner is now complete. The merger - the details of which were originally divulged back in November 2022 - saw the likes of Nintendo France, Nintendo Benelux, and Nintendo Ibérica effectively cease to...
Random Zelda: Breath Of The Wild Sold Better Than Tears Of The Kingdom Last Quarter
Showing the youngsters how it's done
Well, we weren't expecting this. After crunching some of the numbers from Nintendo's latest financial report, it turns out that The Legend of Zelda: Breath of the Wild - which was a launch game in 2017, mind - actually sold better than its direct sequel, Tears of the Kingdom, during Q1 of FY2025 (cheers, Mr. Jon...
News Nintendo Notes A Rise In Research And Development Costs As 'Switch 2' Looms
Whatcha working on?
File this one in a box labelled "Huh, makes sense", because Nintendo has confirmed that its selling, general, and administrative (SG&A) expenses rose by 2.4% year-on-year during its latest financial report. "Okay, so?", you might ask, and it's a fair question. While certainly not a particularly noteworthy announcement on its...
News Paper Mario: The Thousand-Year Door And Luigi's Mansion 2 HD Both Surpass One Million Sales
A good day for Mario and friends
Nintendo has published its financial results for the first quarter of FY2025 and we have a couple of first-party titles that have crossed their first major milestone. If the headline hadn't given it away already, Luigi's Mansion 2 HD and Paper Mario: The Thousand-Year Door have both surpassed one million sales...
News Here Are The Top Ten Best-Selling Nintendo Switch Games As Of June 2024
Change may be afoot
Nintendo has published its latest financial data for Q1 of FY2025, and as part of that, we've got an updated look at the top ten best-selling games list for the Switch. The order stays the same with some minimal additions to the total sales figures, but there may be a shift in the coming months. Take a look at Zelda: Tears of...
News Nintendo Switch Sales Hit 143 Million As Hardware And Software Figures Decline
The TOTK and Mario Movie effects take their toll
Nintendo has published its financial results for the first quarter of the 2024/25 fiscal year, revealing that Switch hardware sales now stand at 143.42 million units sold (as of 30th June 2024). This is up from 141.32 million as reported in May, with Nintendo selling 2.1 million consoles across the...
News AI Generator Scraped YouTube Videos Without Permission, Including Nintendo's
Uh oh...
Runway, the multi-billion dollar company claiming to 'move creativity forward' with artificial intelligence (yuck!) has reportedly trained its text-to-video generator by scraping thousands of videos from YouTube, potentially including several of Nintendo's channels. As discovered and reported by 404 Media, the information comes via a...
News Red Art Games Has Fallen Victim To A Significant Cyberattack
Multiple customer details compromised
Red Art Games has announced that it has fallen victim to a significant cyberattack in which multiple customer details have been compromised. The company confirms that all bank details are safe, but details including email addresses and shipping addresses have been affected. It has also confirmed that shipments,...
News Capcom Currently Has No Plans To End Physical Game Support
Firm cites significant user demand
During Capcom's 45th General Shareholders meeting, the firm confirmed that it currently has no plans to end support for physical media. The firm stated that due to a "significant number of end users" currently demanding physical games, it does not expect to "eliminate physical products". This will no doubt come as...
News Retailer GAME Is Reportedly Ending In-Store Pre-Orders
GAME Wallet is also ending
UK retailer GAME is reportedly ending in-store pre-orders in what feels like yet another baffling move as it further integrates itself into the wider Fraser Group. As originally reported by TechRadar Gaming (thanks, Eurogamer), existing pre-orders or deposits for products due to release before the end of January 2025 will...
News Don't Worry, Nintendo Likely Won't Utilise Generative AI In Its Game Development
Phew...
Update #2 [Fri 5th Jul, 2024 10:15 BST]: Here's the official translation from Nintendo: "In the game industry, AI-like technologies have long been used — for example, to control the movements of opponent characters — so I believe that game development and AI technology have always had a close relationship. Generative AI, which is...
News Revived Infogrames Label Acquires 'Surgeon Simulator' Franchise
Atari will see you now
Infogrames, the newly revived publishing label and subsidiary of Atari, has announced that it has acquired the Surgeon Simulator franchise after finalising a deal with tinyBuild Inc. This follows the previous acquisition of Totally Reliable Delivery Service back in April 2024, announced to coincide with Infograme's revival...
News Retailer GAME Reportedly Ending In-Store Sales Of Physical Games And Hardware
Update: Report "categorically not true", says GAME
Update [Mon 24th Jun, 2024 12:45 BST]: GAME has provided a comment to Eurogamer to state that the report from Gfinity eSports is not true, stating that it will continue to support the physical gaming market. "This reporting is categorically not true. GAME continues to support the physical gaming...
News Nintendo Is Seeking More Talent To Help Run Its Switch Online Service
It wants to create a "lasting relationship" with consumers
The Switch Online service will seemingly be carried over in some way or form to the next hardware generation, and as we get closer to the reveal of a "successor" system at some point this fiscal year, Nintendo is now seeking recruits in Japan to help sustain its subscription-based offering...
News Nintendo Shows More Positive Signs Of Growth With Boost In Employee Count
It also announced an acquisition last month
It's been an incredibly difficult period for the video game industry with layoffs, reshuffles and studio closures. Fortunately, Nintendo is actually in a great place right now thanks to the Switch. Following its recent acquisition of Shiver Entertainment, page 22 of its 84th Shareholder Meeting summary...
News Retailer 'GAME' Is Ending Its Reward Programme And Elite Membership
Gosh, what next?
Retailer GAME has announced that it will be ending its GAME 'Reward' programme along with the GAME 'Elite' Membership scheme (which is essentially a paid tier of the former) on 31st July 2024. Essentially, then, following this date, customers will no longer be able to redeem any points accumulated on in-store and online purchases...
News Nintendo Announces Second US Store, Opening 2025
We're off to 'Frisco
Nintendo has announced plans to open a second Official Store in the USA. The company will be opening a brick-and-mortar shop in San Francisco, specifically in the iconic Union Square, deemed the "teeming commercial hub of the city". Currently, the store is scheduled to open in 2025, with more details to be revealed in the...
News Atari Acquires Intellivision Brand And Rights To 200+ Titles
Deal "ends the longest-running console war in history"
Atari has announced that it has acquired the Intellivision brand along with the rights to over 200 games in a move that, according to Digital Eclipse's studio head Mike Mika, "ends the longest-running console war in history". As a result, Intellivision Entertainment LLC will rebrand and will...
Feature Nintendo's Latest Studio - Who Is Shiver Entertainment?
A brief look at Nintendo's newest acquisition
You could be forgiven for thinking, 'Another day, another video game company acquisition,' but Nintendo's announcement that it is buying Shiver Entertainment and making the port specialists a wholly-owned subsidiary isn't business as usual for the Japanese firm. Nintendo is, historically, extremely...
News Square Enix To "Aggressively Pursue" Multiplatform Strategy, Includes "Nintendo Platforms"
Plans to step up digital sales, shift from quantity to quality, and more
Square Enix has released a three-year Medium-term Business Plan and its financial report for fiscal year 2024. And while it's mixed results for the developer, it has addressed how its going to try and improve things. Most notably, the company has revealed a brand new...
News Frontier Confirms Plans For A Third 'Jurassic World Evolution' Game
A Switch 2 release, perhaps?
Developer Frontier has confirmed that it has signed a fresh licensing deal with Universal Products & Experiences for a third Jurassic World Evolution game (thanks, VGC). Although the second game didn't make it to the Switch, the first Jurassic World
News The Resident Evil Franchise Has Sold An Astonishing 157 Million Units
Capcom's S.T.A.R player
Capcom has confirmed that the Resident Evil franchise has now sold a ridiculous 157 million units since the franchise's launch back in 1996. Granted, we can't imagine a huge percentage of sales have come from the Switch, where several titles were sadly relegated to 'Cloud Versions', but it's still an impressive feat...
News Rumoured 'Hi-Fi Rush' Switch Port In Doubt As Microsoft Culls Tango Gameworks And Other Studios
A "reprioritization of titles and resources"
In the latest shocking blow to the gaming and developer communities, Microsoft has announced a series of studio closures and consolidations, including the shuttering of Tango Gameworks, the developers behind 2023's acclaimed Hi-Fi Rush. The game was released recently on PlayStation and, much like the...
News Princess Peach: Showtime! And Mario Vs. Donkey Kong Both Pass 1 Million Sales
There's life in the Switch yet
Nintendo has confirmed that Princess Peach: Showtime! and Mario vs. Donkey Kong have both passed 1 million sales on Switch. According to the company's latest financial release, Princess Peach: Showtime! sold a total of 1.22 million units since its launch on 22nd March 2024, while Mario vs. Donkey Kong managed a total...
News Here Are The Top Ten Best-Selling Nintendo Switch Games As Of March 2024
Another 1.39m for Mario Kart
As part of Nintendo's end-of-year financial report for FY2024, the company has updated its top ten best-selling games list for the Switch with new sales figures. The order stays the same as last quarter, and sales of all games show relatively minor bumps, although Mario Kart 8 Deluxe, Animal Crossing: New Horizons, and
News Nintendo Switch Surpasses 140 Million Sales As Company Acknowledges Successor
13.50 million sales forecast for FY2025
As part of its latest financial earnings release, Nintendo has confirmed that the Switch has now sold a total of 141.32 million units since its launch in 2017. Digging in a bit deeper, the console managed to shift a total of 15.70 million units across its three SKUs during FY2024. This is down by 12.6%...
News Atari Is Reviving The 'Infogrames' Publishing Label
The armadillo returns
Atari has announced that it is reviving the dormant publishing label Infogrames, once famous for publishing games such as Hogs of War, Heart of Darkness, Alone in the Dark, and many more. Though once one of the most recognisable publishers in Europe, the Infogrames name was ditched in favour of the Atari brand in 2009...
News Embracer Group To Split Into Three Separate Companies
Sullied name
Embracer Group has announced its intention to split the company into three separate entities going forward in what seems to be a drastic attempt to streamline its operations and rebuild its reputation after months of downsizing and layoffs. Announced via the official website (thanks, VGC), the company confirmed that each entity will be
News Staff At UK Retailer GAME Reportedly Facing Redundancies
Most employees now under zero hour contracts
Staff at UK retailer GAME are reportedly facing redundancies as the firm moves most of its workforce under zero hour contracts. As reported by Eurogamer, it's not currently known how many employees will be laid off, but it's understood that all non-managerial staff will now be on zero hour contracts...
News Thunderful Sells Publisher Headup For €500k After Acquiring The Studio For 11 Million
Something's not adding up here
Thunderful Group is once again back in the news today as it has been reported that the studio is selling Pumpkin Jack publisher Headup at a fraction of what it was bought for back in 2021. Word of this sale comes to us from Gamesindustry.biz which reports that Thunderful has sold the publisher for €500,000 — quite...
News Sega Sells Relic Entertainment And Announces Layoffs Across Multiple Teams
240 jobs will be cut
Sega has announced that it has sold Relic Entertainment to an unspecified investor and will cut a total of 240 jobs across multiple teams in Europe. As reported by IGN, the job losses will be split across Sega Europe, Creative Assembly, and Sega Hardlight. It's reported that the latter will be the least affected, with the...
News GameStop Hit By Layoffs As Analyst Predicts 'Unsustainable' Sales Decline
Share price also takes a tumble
GameStop has announced that it has made an unspecified number of job cuts as it grapples with a sharp decline in revenue. As reported by Reuters (thanks, IGN), the firm saw $1.794 billion in sales for its fourth-quarter of the fiscal year; a fairly drastic drop from the $2.226 billion earned over the same period the...
News Free Radical Co-Founder Is Probably Done With TimeSplitters For Good
"It was a big letdown."
To the disappointment of many, including us, it was confirmed earlier this year that Free Radical Design, the developer behind the highly anticipated revival of TimeSplitters, would be closed down by Embracer Group and the game ultimately cancelled. It was a dire end to what many had hoped would be a grand return to the...
News Resident Evil Creator Shinji Mikami Gets Back To Work With A New Company
What could it be..?
Shinji Mikami, best known for creating the Resident Evil franchise and for his work on titles such as P.N.03 and The Evil Within, has seemingly established a brand new company after leaving Tango Gameworks in 2023. As spotted by VGC, the information can be found via a short biographic description on the new Sha
News Thunderful Extends Its Distribution Agreement With Nintendo
"We’re exceedingly proud of this long-lasting partnership"
Publisher Thunderful has announced that it has extended its distribution agreement with Nintendo to publish the firm's products in the Nordics and the Baltics between Bergsala AB and Nintendo of Europe AG. Confirmed via an official statement (thanks, Go Nintendo), Thunderful states that...
