Tag Archives: Gaming software

Google to shut gaming service Stadia in latest cost-cutting effort

Google is shuttering its digital gaming service Stadia, the latest ambitious project to get cut as the company looks to shed costs. The gaming service, which launched in 2019 and runs on phones and the Chrome browser, “hasn’t gained the traction with users that we expected,” wrote Phil Harrison, a …

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A sheep game is going viral in China despite tight gaming regulation

A young Beijing company’s game called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that’s gone viral in China hit people’s screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval …

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Netflix opening video game studio in Finland

Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images Netflix said Monday it will be opening an internal game studio in Finland. This is the company’s first push into internal game development since streaming giant entered the …

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Walmart enters the metaverse with Roblox

Walmart is entering the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a blimp that drops toys, a music festival with hot artists, a bunch of different games, and a store of virtual merchandise, or “verch,” …

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Singapore’s Temasek leads investment in Chinese start-up Well-Link

In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassbender | Afp | Getty Images BEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in …

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Nintendo shares jump 5% after record Japan sales of Splatoon 3

Nintendo said domestic sales of Splatoon 3 hit a record in the first three days of the game being on sale. Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo’s ageing Switch console. Philip Fong | AFP | Getty Images Nintendo shares rose 5% on …

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Roblox jumping into ads in effort to diversify beyond virtual goods

Roblox has built a userbase of over 52 million people by providing a gaming and entertainment platform that’s mostly been targeted at kids. Now the company wants advertisers to join the party. As part of its annual developer conference on Friday, Roblox is announcing plans to debut ads next year, …

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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 takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of games developer Ubisoft plunged …

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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 Slodkowski | SOPA Images | LightRocket via Getty Images Sony Sony’s PlayStation has dominated the gaming console market for a …

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Facebook Gaming app, a rival to Amazon’s Twitch, to shut down

Jakub Porzycki | Nurphoto via Getty Images Facebook plans to close down its Facebook Gaming app, which lets users watch and play video games on-demand. Starting Oct. 28, Facebook Gaming will no longer be available on iOS and Android, while gaming features will continue to be accessible via the main …

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