For Remedy, the first half of 2024 has been quite fruitful.In the six-month period for January-June 2024, the Alan Wake developer saw a revenue growth of 33.7 percent from last year's period to €21.1 million (or $23 million). For the period's operating profit, Remedy reported a loss of €5.3 million, down year-over-year from €10.4 million.The three-month second quarter (between April 1 and June 30, 2024) saw revenue of €10.3 million, up 16.2 percent from last year's €8.9 million. It also had its own operational loss of €3.2 million, down compared to €4.8 million in the same period last year.Still, there's been "improved profitability" overall compared to last year's fiscal period.And while Alan Wake II still hasn't become fully profitable, Remedy noted it's recouped "most" of the game's development and marketing expenses. June's "Night Springs" expansion was a noted highlight for the entire quarter.The studio also saw an increase in development fees from last year due to the Max Payne 1 & 2 remakes. Both projects are now in full production, as is "Codename Condor," which has a "growing" amount of limited internal and external playtests.Control 2, meanwhile, is in the production readiness stage, and recently hit an "important milestone" showcasing playable features. Virtala noted the milestone has further "supported ongoing business negotiations."In regards to all three projects, he said Remedy is exploring self-publishing and "related business models." A publishing partner (as it did with Epic Games for Alan Wake II and 505 Games with Control) is also on the table.Regardless, the studio will take a "more significant role" in growing out the two franchises, which is planned to be revealed by the end of the year.
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Indie developer Blingame revealed it had to kill the Xbox Series X|S version of its 2022 game, Haak, owing to a tumultuous porting process.Over the weekend, the studio released a statement detailing how it spent "over 14 months" trying to bring its game to Microsoft's console. That ended up being a "nightmare," mainly owing to "many" alleged bugs in Microsoft's Partner Center.Last year, Baldur's Gate 3's Xbox Series X|S port hit a snag pre-release owing to the S console. Those issues were later resolved, but the two games indicate a potential larger issue with bringing titles to Xbox as a staggered release.Porting games can already be tricky for various reasons. A lack of proper support from console makers cuts multiple ways, especially in …
Indie developer Blingame revealed it had to kill the Xbox Series X|S version of its 2022 game, Haak, owing to a tumultuous porting process.Over the weekend, the studio released a statement detailing how it spent "over 14 months" trying to bring its game to Microsoft's console. That ended up being a "nightmare," mainly owing to "many" alleged bugs in Microsoft's Partner Center.Last year, Baldur's Gate 3's Xbox Series X|S port hit a snag pre-release owing to the S console. Those issues were later resolved, but the two games indicate a potential larger issue with bringing titles to Xbox as a staggered release.Porting games can already be tricky for various reasons. A lack of proper support from console makers cuts multiple ways, especially in …
Canadian VR studio Archiact is shutting down after over a decade. The company laid off an undisclosed number of workers in January but will now be pulling down the shutters for good.Archiact has published over 35 titles to date and worked on notable projects such as Doom 3: VR Edition and Marvel Dimension of Heroes.It also ventured into self-publishing for Journey to Foundation, a sci-fi adventure based on the 'Foundation' novel series that launched in December 2023 for PS VR2, Meta Quest, and Pico.Archiact had over 100 employees at the beginning of the year. Those who remain at the company will be laid off when the studio closes in just two weeks time."Archiact's journey is coming to a close. On August 12, we informed the staff that the studio will close in two weeks,&…
Adam Boyes, longtime co-CEO of Iron Galaxy, has departed the Rumbleverse studio. Per the developer's website, he'll remain with the company until the end of the year. Chelsea Blasko will then take the reins as its sole CEO.Boyes joined Iron Galaxy in 2016 after stints at Starbreeze, PlayStation, and Capcom. He noted he stayed "twice as long" here than his earlier jobs, which speaks to "[Iron Galaxy's special culture and the outstanding people who work here.""I want to offer my sincerest thanks to the people who welcomed me to lead this company with them," he continued. "Dave Lang, thank you for trusting me to push the boundaries of what Iron Galaxy could accomplish. Chelsea, thank you for teaching me so much about building a strong culture.…
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The fallout of Guy "Dr. Disrespect" Beahm's ban from Twitch in 2020 is still being felt, as the streamer unveiled some new changes to combat sexual harassment on its platform.In a new blog post, Twitch underlined that sexual harassment "is never okay or acceptable" and clarified its policy in reflection of Beahm's actions so they'd be "easier to understand."Chiefly, the policy's language now prohibits "unwanted comments" about someone's body (like implied or sexually charged emojis), sexual advances or objectification, and negative statements related to a person's "perceived sexual behavior or activities."Likewise, recording or sharing nonconsensual images or videos is equally not tolerated, and Twitch warned s…
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