#video-game-industry

#video-game-industry

"To everyone who emerged as a hero of Kvatch, mastered Arch-Mage, rose to Grand Champion, banished the Blackwood Company, gallivanted as the Gray Fox, and listened to the Night. Thank you for sharing in our worlds."

Supermassive Games has announced layoffs as it adjusts its team structure due to a challenging environment in the video game industry, anticipating the loss of up to 36 colleagues.

Daniel Ahmad emphasized the unrealistic nature of Konvoy's $7.6 billion revenue projection for GTA 6, describing it as 'an aggressive forecast for the first 60 days.' He highlighted that achieving this revenue would require nearly 65% of PS5 and Xbox Series X|S users to purchase the game within that timeframe.

Lesta Games has been accused of illegally funneling money from World of Tanks to Ukraine amid the ongoing conflict, resulting in asset seizures in Russia.

The rise of generative AI has complicated the games industry, leading to layoffs, accusations of theft from artists, and controversy over Nintendo's Mario Kart World.

"I'll tell you the truth, I don't know; that is the truth."

Id Software's 1996 Quake was recognized for its lasting influence, with a game code that "is a literal legacy" and continues to be used in some games after nearly 30 years, electronic games curator Lindsey Kurano said.

"The imposition of new Administration tariffs on U.S. imports of video game consoles boosts their costs significantly," the Consumer Technology Association (CTA) states. "Video games are not exempt from reciprocal tariffs and face tariffs up to 145%."

Sony's decision to increase the PS5 price by 25% reflects the video game industry's struggle with economic challenges, including inflation and supply chain tariffs.

One anonymous boss of one of the world's biggest game publishers told TGB that Rockstar's releases 'always suck a lot of money, and more importantly, time out of the market.'

In the long term, it'll destroy their reputation, their company, everything.