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Nalezeno "the public investment fund": 21

The First Descendant Hits 10+ Million Players Despite Controversy

12.7.2024
Released last week, The First Descendant is a new sci-fi third-person looter shooter from Nexon that feels like a mix between Warframe, Destiny, and The Division. Yet despite mixed reviews and controversy involving icons and in-game purchases, The First Descendant has reached over 10 million...

The First Descendant, As Told By Steam Reviews

9.7.2024
Korean mega publisher Nexon recently released its own take on the free-to-play looter shooter with The First Descendant. Since the birth of the genre over a decade ago, many titles have come and gone, but two of them have stood near the top pretty consistently: Digital Extremes’ Warframe...

EA Cancels Respawn Star Wars Shooter Amid Mass Layoff

28.2.2024
Respawn’s unnamed Star Wars first-person shooter, first confirmed by EA in January 2022, has reportedly been canceled as the publisher pulls back on licensed games amid a large round of layoffs. Read more

Capcom Is Curious If Y'all Want More Dino Crisis

7.2.2024
A new survey from Capcom asks fans if they are interested in more sequels or new entries in franchises like Dino Crisis and Onimusha. As someone who regularly sees people asking for more Dino Crisis—the last game came out in 2003—I think I can answer that question for Capcom.Read more

Capcom’s Dragon’s Dogma 2 Joins Joins A Divisive Gaming Trend

30.11.2023
Dragon’s Dogma 2 looks awesome, right? The much anticipated action role-playing game about dragons and pawns came out swinging with a hefty new gameplay showcase on November 28, showing off the impressive character creator and some spectacular combat and officially revealing a March 24, 2024...

Capcom President Says ‘Game Prices Are Too Low’

26.9.2023
In comments this past weekend, Capcom president Haruhiro Tsujimoto asserted that video game prices are too low, pointing to the massive increase in development costs and how game prices haven’t risen at the same rate. He suggested that increasing the price of games would be a “healthy option”...

Embracer Shuts Down Saints Row Studio Volition After 30 Years

31.8.2023
Volition, the studio behind Red Faction, Saints Row, and countless other games, is closing its doors after 30 years. The decision was made by parent company Embracer after the sprawling conglomerate announced cuts earlier this year following the loss of $2 billion in funding that was reportedly...

Report: Embracer's $2 Billion Deal That Blew Up Was With Saudi Arabia

14.8.2023
Embracer Group, the Swedish holding company that’s been buying up everything from Borderlands maker Gearbox Entertainment to the rights to The Lord of the Rings, saw its stock plummet earlier this year when a mystery $2 billion deal collapsed at the last minute. Axios now reports that the partner...

EA’s Bad Tweet Last Week Has Led To Roundtable Meetings With Angry Staff

6.7.2022
Remember last week? It happened about 34 years ago, so if you don’t, I understand. But last Thursday, the official EA Twitter account tweeted a bad joke about single-player games that led to an internet-wide roasting and eventually an apology from the Battlefield publisher. And apparently, EA...

Let’s Put EA CEO’s $20 Million Payout In Context

17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...

Layoffs At EA Austin Following Split With FIFA

18.5.2022
Electronic Arts is laying off a ton of customer service staff at its Austin office, according to internal emails viewed by Kotaku. One source familiar with the decision told Kotaku that as many as 100 employees could be affected, many of whom supported live operations on FIFA 22. Going forward,...

Saudi Arabia Now Owns 5% Of Nintendo

18.5.2022
Saudi Arabia’s Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nation’s economy (and whitewashing their human rights record), has acquired a 5.01% stake in Nintendo.Read more

EA Cancels Its Big Summer Event

16.3.2022
First kicking off in 2016, Electronic Arts has traditionally used the week of E3 in early June to hold its own EA Play Live event, during which the publisher would make many of its biggest announcements for the year. That’s coming to an end in 2022.Read more

Saudi-Backed Company Buys ESL For $1 Billion

24.1.2022
It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and controversial Public Investment Fund.Read more

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