Tencent earnings report Q1 2024
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent beat analyst…
How Sony PlayStation beat Microsoft and Nintendo in console wars
It’s been three decades since the Sony PlayStation first brought to life some of the video game industry’s most beloved franchises. Sony Interactive Entertainment president and CEO Jim Ryan is…
TikTok owner ByteDance axes hundreds of jobs in gaming unit
Sheldon Cooper | LightRocket | Getty Images TikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking a…
Minecraft developers quit Reddit after its controversial API changes
Pavlo Gonchar | SOPA Images | LightRocket | Getty Images In the latest blow to Reddit after its controversial billing changes, the makers of Minecraft — one of the best-selling…
China’s NetEase buys SkyBox Labs gaming studio involved in Halo Infinite
Canadian firm SkyBox Labs is co-developing Halo Infinite for Microsoft’s Xbox. NetEase acquired SkyBox Labs as part of an aggressive international push and as it eyes a slice of the…
How free-to-play and in-game purchases took over video games
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Amid the popularity of free-to-play, downloadable games and gaming platforms…
Shares of Assassin’s Creed maker Ubisoft plunge after Tencent ups stake
Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full…
Sony, Tencent, NetEase continue deal hunt to expand new formats, markets
Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz…
Chinese tech giant NetEase buys Star Wars game maker Quantic Dream
Chinese video game giant NetEase has been aggressively expanding overseas as the domestic market slows down amid tighter regulation. It now has fully-owned gaming studios in the U.S., Europe and…
Sony sets up a PlayStation mobile gaming unit in push beyond consoles
Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz…