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Riot Acquires Radiant

MARCH 10, 2016 • Riot Games has acquired Los Altos, Calif.-based Radiant Entertainment for an undisclosed sum. The acquisition is the first for Riot. Radiant was founded in 2013 by brothers Tom and Tony Cannon. Their first title is the crowdfunded town building simulation game, Stonehearth, which is still in alpha. Also in alpha was […]

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Gibeau Becomes Zynga CEO

MARCH 3, 2016 • Former Electronic Arts, Inc. executive vice president of EA Mobile, Frank Gibeau, has signed on to become the next chief executive officer of Zynga Inc. He has been on Zynga’s board last fall. Mark Pincus is stepping down from the CEO post he reclaimed in April of last year when Don […]

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HTC Vive hits $799

FEB. 22, 2016 • A month after the Oculus Rift began pre-orders at $599, HTC Corp.’s Vive entered preorder contention at $799. Similarly, the Rift ships in March with the Vive following in April. The Vive was developed in partnership with Valve Inc. Both virtual reality headsets are more similar than they are dissimilar in […]

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Amazon Joins Engine Arena

FEB. 10, 2016 • Amazon.com is entering the highly competitive AAA game engine business with two new platforms. Lumberyard is a free CryEngine-based, cross-platform, 3D game engine that features rich development tools, a graphics renderer, physics engine, native integration with the Amazon Web Services (AWS) cloud to create multiplayer online games, plus native integration with […]

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Rift Priced at $599

JAN. 7, 2016 • Oculus VR, LLC this week announced that it would begin taking preorders for its Rift virtual reality headset at $599. The first deliveries are expected to ship in March, with later preorders getting fulfilled on a first come first serve basis as supplies permit. The $599 price includes the Rift headset […]

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EA Goes Big With Esports

DEC. 12, 2015 • Two months after Activision Blizzard, Inc. unveiled a separate division to oversee esports opportunities, Electronic Arts, Inc. announced its own Competitive Gaming Division (CGD). Chief operating officer Peter Moore is moving over to head the new division as executive vice president and chief competition officer. Joining him as senior vice president […]

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Nexon Backs Off NCsoft

OCT. 21, 2015 • Nexon Co., Ltd. has sold its shares in NCsoft Corp. and backed away from the takeover position it previously held in the publisher. Back in 2012, Nexon had purchased a 14.7% stake from NCsoft chief executive Kim Taek-jin. The move was framed as part of a friendly deal between the companies to […]

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Zapak Strengthens China Ties

SEPT. 29, 2015 • Zapak Mobile Games Private Ltd, a division of India’s Reliance Entertainment, has sealed two agreements to pursue several China-related endeavors. The first saw an Rs 989 million ($15 million) investment by Lead Eastern Investment Co., Ltd. based in Datong, China. The 10% stake is part of a joint venture between the […]

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Monster Strike Revenue Soars

AUG. 19, 2015 • Japan’s social network operator Mixi, Inc. only has one mobile game to its credit, yet Monster Strike has been a revenue bonanza since hitting the market in October 2013. For the first fiscal year quarter ending June 30, the title generated ¥47 billion ($379 million). Although the game has been released […]

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Tencent’s 2Q Game Revenue

AUG. 14, 2015 • Tencent Holdings Ltd. continues to be a leader in PC online games and is increasingly looking to grow its presence in the competitive mobile game business. Surprisingly, second quarter growth in mobile games revenue was somewhat stagnant. Compared to the first quarter, online computer games saw revenue of 12.97 billion yuan […]

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