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Search resuls for: "Game Development"


25 mentions found


☆ A video game developer with nearly 40% upside because of A.I. opportunity, according to Bernstein
  + stars: | 2023-06-06 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Explosive growth fueled by a growing game library and artificial intelligence integration could lift NetEase 's shares 38%, according to Bernstein. The firm initiated coverage of the video game developer Monday with an outperform rating and a $120 per share price target. Analyst Robin Zhu said NetEase will continue to reap profits from its existing wide-game library while adding generative AI functionality to its products. "We expect generative AI growth to represent a massive productivity boost for video game development, driving efficiency gains in game production, but also enabling richer gaming experiences — both in-game (e.g. "For all of GPT-4's considerable strengths, the complexity behind video gaming development and integrating a wide range of creative work streams into a single experience means we're skeptical generative AI can 'disrupt' video gaming anytime soon," he said.
Persons: Bernstein, Robin Zhu, NetEase, Zhu, Harry Potter, Michael Bloom Organizations: PC, Justice Mobile, Eggy Locations: China
☆ Apple just announced its first major product since 2014: The Vision Pro for $3,499
  + stars: | 2023-06-05 | by ( Lauren Feiner Kif Leswing | Lauren Feiner | Kif Leswing | ) www.cnbc.com   time to read: +1 min
Apple announced its mixed-reality headset, the Vision Pro, on Monday during its WWDC developer conference. The $3,499 headset is its first major new product since the Apple Watch in 2014. The Vision Pro will allow users to see apps in a new way, in the spaces around them. Disney CEO Bob Iger appeared on stage to announce that Disney+ would be available on the Vision Pro from day one of its release. Unity stock spiked over 20% and trading was briefly halted after Apple announced a partnership with the game development platform.
Persons: Bob Iger Organizations: Apple, Vision, Apple Watch, Microsoft, Disney
☆ Enad Global 7 stock jumps after US activist investor pushes for sale
  + stars: | 2023-05-22 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, May 22 (Reuters) - Enad Global 7 AB's (EG7.ST) stock price jumped 5% on Monday after U.S. activist investor Alta Fox urged the Swedish video game company to explore strategic options, including a possible sale. "EG7 is a high-quality business that remains dramatically undervalued due to no fault of current leadership," Alta Fox's managing partner Connor Haley wrote. Previous management's missteps and the fact that it is not well known outside of Sweden are hurting the company, the letter said. The hedge fund suggested the company, whose stock is listed in Sweden, should relist in the United States in order to buy back shares. ($1 = 10.56 Swedish crowns)Reporting by Svea Herbst-Bayliss; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.
☆ Ubisoft posts record operating loss in year to March but sticks to FY guidance
  + stars: | 2023-05-16 | by ( Enrico Sciacovelli Victor Goury-Laffont | Enrico Sciacovelli | Victor Goury-Laffont | ) www.reuters.com   time to read: +2 min
May 16 (Reuters) - French video game producer Ubisoft (UBIP.PA) posted the biggest operating loss in company's history on Tuesday but stuck to its guidance for the current financial year, citing a renewed focus on blockbuster titles. The maker of the hit "Rainbow Six" franchise posted a full-year non-IFRS operating loss of 500.2 million euros ($550.6 million), in line with a target announced in its January profit warning. The family-run firm has been dogged by game cancellations and delays in recent years, booking a writedown estimate of around 500 million euros in 2022 due to research and development expenses. The Paris-listed publisher confirmed its estimate for a full-year core profit of around 400 million euros, while forecasting first-quarter net bookings of around 240 million euros. ($1 = 0.9084 euros)Reporting by Victor Goury-Laffont and Enrico Sciacovelli; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
☆ We're focused on using A.I. to make work easier for teachers, says Chinese game development company
  + stars: | 2023-04-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're focused on using A.I. to make work easier for teachers, says Chinese game development companySimon Leung of NetDragon says it's using artificial intelligence to "reengineer" its workflows.
☆ How AI Is Building the Next Blockbuster Videogames
  + stars: | 2023-04-17 | by ( Sarah E. Needleman | ) www.wsj.com   time to read: 1 min
Videogame companies say the kind of technology behind the viral chatbot ChatGPT is set to radically speed up game development, reduce costs and help players interact with characters in new ways. Generative artificial-intelligence tools have gained prominence in recent months for their ability to create essays, images and even music in response to simple text prompts. Game studios are already using the technology for all sorts of tasks, from helping craft virtual scenes and scripts to designing weapons and characters.
☆ Sega to acquire Angry Birds maker Rovio for $776 million
  + stars: | 2023-04-17 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
A model of Angry Birds character 'Red' sits on display inside the reception area of the Rovio Entertainment Oy headquarters in Espoo, Finland, on Thursday, Feb. 28, 2019. Japanese gaming giant Sega announced Monday it has made a 706 million euro ($776 million) offer for the maker of the Angry Birds puzzle game, Finland's Rovio Entertainment Oyj. Meanwhile its Angry Birds franchise has been licensed into other entertainment and consumer products. "Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been SEGA's long-term goal to accelerate its expansion in this field," said Sega Sammy's Group CEO, Haruki Satomi, in a statement. Angry Birds is "loved across the world," he said.
☆ How We Make Games at The Times
  + stars: | 2023-04-10 | by ( Deb Amlen | ) www.nytimes.com   time to read: +1 min
“Game Jam is a ‘hackathon’ for games,” Ms. Bell explained, “and we treat it here as a way to explore new games and new features for existing games, anything new for our game products.”But just because an idea is pitched does not mean that it will be greenlighted. “We want a handful of games that we’re really proud of, with a lot of following and engagement,” Mr. Knight said. He cited Spelling Bee and Wordle as examples of these types of games. (While Spelling Bee was made in-house, Wordle was made by Josh Wardle, a game developer, and sold to The Times.) The team breaks the game development process down into phases, and Mr. Knight and other members of the Games team shared their general process.
☆ Saudi $5 bln gaming play only works on some levels
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 6 (Reuters Breakingviews) - Saudi Arabia is defriending read more Uncle Sam on oil, while deploying its video-game war chest in his backyard. Savvy Games, owned by the country’s Public Investment Fund, announced on Wednesday that it was buying U.S. mobile games specialist Scopely for $4.9 billion. Though privately held Scopely doesn’t disclose its financials, Savvy looks to be getting a good price. Less clear is how Scopely contributes to Saudi’s aims of becoming the “ultimate global hub” for gaming and pivoting its economy away from fossil fuels. If Saudi wants to create jobs from the rapid growth of domestic game consumption, it needs to turn its games M&A into gaming boots on the ground.
☆ Russia's military is being accused of stealing video game characters from 'Atomic Heart' to promote itself
  + stars: | 2023-03-31 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +3 min
The Russian army's clothing brand was spotted using posters with characters from the game "Atomic Heart." But the game's developers told Insider they never gave the Kremlin permission to use their work. Ukraine previously tried to boycott "Atomic Heart," accusing its developers of having Russian ties. The posters appear to show characters from "Atomic Heart" dressed in the store's clothing, with the apparel brand's name written at the top. However, the developers of "Atomic Heart," Mundfish, told Insider in a statement on Thursday that it never struck a deal with the Russian military.
☆ Unity aims to open generative AI marketplace for video game developers
  + stars: | 2023-03-22 | by ( Anna Tong | ) www.reuters.com   time to read: +2 min
March 22 - Unity Software Inc (U.N), producer of the eponymous video game development environment, aims to open a marketplace for generative artificial intelligence (AI) software, Chief Executive John Riccitiello told Reuters. Game developers routinely spend significant resources creating assets such as characters and sound effects. Major software firms have since announced a flurry of generative AI projects to capitalize on what is widely seen as game-changing technology. "In every video game in history, the dialogue was written by somebody," Riccitiello said in an interview on Tuesday. "But now what you can do with (generative AI) is give these characters motivation, personality, and objectives and then they can spawn dialogue that doesn't require a writer."
☆ 'World of Warcraft' battle heats up as NetEase rejects Blizzard offer
  + stars: | 2023-01-18 | by ( Josh Ye | ) www.reuters.com   time to read: +3 min
Blizzard said in November it would end its 14-year partnership with NetEase - sending shockwaves across the industry as the partnership was widely seen as one of the most lucrative in video games. NetEase said Blizzard reached out last week with an offer to extend the partnership for six months but also made it clear that it would not stop negotiating with other potential partners. With the demise of their partnership, Blizzard is currently without a Chinese publisher. Unlike other countries, foreign gaming companies typically need a Chinese publisher before they can release games in China. NetEase rose to become a gaming giant partly by publishing Blizzard's games in China.
☆ NetEase dismisses Activision proposal for temporary extension of ties
  + stars: | 2023-01-18 | by ( Josh Ye | ) www.reuters.com   time to read: +2 min
HONG KONG, Jan 18 (Reuters) - Chinese games publisher NetEase Inc (9999.HK) said on Wednesday it has rejected a proposal from Activision Blizzard Inc (ATVI.O) to extend their long-time partnership for six months as the U.S. game developer looks for a new partner. It called the proposal "rude and unreasonable, inappropriate and commercially illogical" and accused Blizzard of seeking to "take a free ride". With the demise of their partnership, Blizzard is currently without a Chinese publisher. Unlike other countries, foreign gaming companies typically need a Chinese publisher before they can release games in China. It has since accelerated its own game development capability, with in-house games now accounting for more than 60% of revenue.
☆ How Netflix has changed the global entertainment industry
  + stars: | 2022-12-26 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com   time to read: +7 min
Since Netflix began its worldwide expansion in 2016, the streaming service has rewritten the playbook for global entertainment — from TV to film, and, more recently, video games. Still, Netflix's impact on the global TV industry is undeniable. More on Netflix's effect on global TV:The streamer's executive team was rebuilt with a global focusIn recent years, Netflix reoriented its leadership around its new global model. Peters also hired a new talent chief with international experience, former PepsiCo executive Sergio Ezama, to lead Netflix's global workforce. More on Netflix's corporate structure:Netflix has seen its first wide layoffs, though it continues to growThe corporate restructuring hasn't been without obstacles.
☆ Warner Bros. Discovery salaries revealed: Pay data shows how much the company recently offered for jobs at HBO and more, despite waves of layoffs and cuts
  + stars: | 2022-12-20 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com   time to read: +19 min
Insider analyzed new pay data from the entertainment companies, now merged as Warner Bros. Recent salaries ranged from $55 an hour to $300,000 a year for jobs at HBO and other units. The salaries ranged from $55 per hour to $300,000 per year, with a median annual salary of $143,000 to $170,000. For example, Discovery offered an ad sales account manager between $131,458 and $149,000 per year, according to the data. Associate Manager, Brand Marketing/Publishing: $92,518 to $130,011WarnerMedia DirectData Architect: $162,400 to $200,150 median; ranging from $159,800 to $205,000WarnerMedia Services
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☆ Microsoft Prepares to Go to Battle With FTC Over Activision Deal
  + stars: | 2022-12-17 | by ( Sarah E. Needleman | ) www.wsj.com   time to read: 1 min
Microsoft Corp. has signaled it plans to challenge the Federal Trade Commission’s lawsuit to block its $75 billion deal for Activision Blizzard Inc., and is expected to argue that it is an underdog in videogame developing. The personal-computing company has been publicizing its position for months, saying the acquisition wouldn’t threaten competition in the industry because Microsoft trails rivals in videogame consoles and has a limited presence in mobile-game development. The company has also said it expects the industry to get more competitive in the future with the rise of cloud gaming.
☆ 24 Roblox leaders who creators, developers, and influencers should know
  + stars: | 2022-11-28 | by ( Jp Mangalindan | ) www.businessinsider.com   time to read: +4 min
Insider identified 24 employees at Roblox that creators and influencer-industry insiders should know. The goal: create new experiences for the rapidly evolving Roblox platform, which Clemens had already developed for. For this list, Insider asked Roblox and creators who the most helpful people to know at Roblox are. The insiders identified employees who make significant contributions to the Roblox creator ecosystem or regularly work with Roblox creators and their teams. Here are 24 power players at Roblox who work with creators and leaders in the influencer industry, listed alphabetically:
☆ Morning Bid: Bear Hunt
  + stars: | 2022-11-17 | by ( ) www.reuters.com   time to read: +5 min
Long-term sovereign bond yields have been falling sharply all week in advance of finance minister Jeremy Hunt's new budget, dragged down largely by U.S. disinflation hopes. UK 10- and 30-year gilt yields outperformed, however, dropping to their lowest since early September before backing up slightly on Thursday. U.S. housing starts numbers out later will give another glimpse at the state of the ailing property sector. Reverberations continued around the world from this month's latest implosion in the crypto universe and the failure of the FTX exchange. Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the FTX collapse.
☆ Kaedim's founder doesn't play video games — but her startup's use of AI to develop graphics has caught the attention of the former head of PlayStation
  + stars: | 2022-11-08 | by ( Jacob E. Robbins | ) www.businessinsider.com   time to read: +3 min
"I thought there has to be a secret to doing 3D modeling. She asked game developers how they would approach 3D modeling, thinking they'd have an answer from their experience rendering objects on a screen. It uses machine learning to turn drawings into digital 3D models. Kaedim's plan to take on 3D modeling in the metaverse and digital businessPsoma said that with the rise of the metaverse and digital spaces, the need for 3D modeling has only grown. For example, she said, retailers could use Kaedim's 3D-modeling software to digitize inventory and create online storefronts for customers to interact with.
☆ Sony Q2 gaming profit tumbles 50% on higher costs
  + stars: | 2022-11-01 | by ( Sam Nussey | ) www.reuters.com   time to read: +1 min
FILE PHOTO: Sony Corp's logo is seen on its Crystal LED Integrated Structure (CLEDIS) display at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-HoonTOKYO (Reuters) -Sony Group Corp’s second-quarter profit at its key gaming unit fell by 50% from a year earlier as the entertainment conglomerate booked higher costs from game development and acquisitions, the company said on Tuesday. The Tokyo-headquartered company’s gaming unit recorded a profit of 42.1 billion yen ($284.63 million) after selling 3.3 million units of its PlayStation 5 (PS5) console in the second quarter, equal to the year ago sales. It trimmed its full-year forecast for the games business by 12% to 225 billion yen citing lower software sales from third-party developers and the impact of dollar-denominated costs. Sony reported overall group operating profit rose 8% to 344 billion yen ($2.32 billion) in the July-September quarter, beating analyst estimates, after units including the music business offset the weakness in gaming.
☆ Microsoft powers up search for Chinese gaming hits in race against Sony
  + stars: | 2022-10-24 | by ( Josh Ye | ) www.reuters.com   time to read: +6 min
Register now for FREE unlimited access to Reuters.com RegisterGrowing Western interest in Chinese games reflects a maturing of China's game development industry, analysts said. Chinese games are now on a par with big-budget Western games, said Daniel Ahmad, senior analyst at researcher Niko Partners. "Chinese game developers are trying to standardise their development tools, create advanced production processes, invest in really large-scale teams," Ahmad said. Microsoft has been building a team to scout for Chinese games, two industry sources said. Gaming executives now point to "Genshin Impact" as a global industry milestone, lauding its production value and seamless cross-platform game play.
☆ I’ve been following a woman around the internet. Turns out she was created by artificial intelligence.
  + stars: | 2022-10-16 | by ( Evan Ratliff | ) www.businessinsider.com   time to read: +31 min
Even in their first efforts, the GAN images were quickly on par with those made by any other, less intelligent software. You can find the results on the Generated Photos site, where you can filter by ethnicity, age, sex, eye color, and other attributes. Generated Photos' GANs tend to match conventional beauty standards, a product of the models that have been fed to the software. I'm not sure anyone would be surprised to find fake images accompanying testimonials on an Estonian bitcoin exchange or an online CBD seller. Are they real people deploying fake images, or fake people deploying fake images?
☆ Homa wants to transform the way indie game developers build games. We got an exclusive look at the 19-slide pitch deck it used to raise $100 million.
  + stars: | 2022-10-12 | by ( Hasan Chowdhury | Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Homa has raised $100 million in a Series B round to expand its platform for indie game developers. Check out the 19-slide pitch deck to raise the Series B round below. French gaming startup Homa, which aims to make game development easier and more efficient, has raised $100 million in a Series B round. He points to the way in which game engines such as Unreal showcase the potential of their technology with games such as Fortnite. It generates cash through a revenue share scheme with developers who make a profit on games that work, Nathan said.
☆ Saudi wealth fund's Savvy Games Group to invest $37.8 billion
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Sept 29 (Reuters) - Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state news agency SPA said on Thursday. The investments will include 70 billion riyals to take several minority stakes in companies that support Savvy's game development agenda and 50 billion riyals to acquire "a leading game publisher to become a strategic development partner". Another 20 billion riyals will be invested in mature industry partners who bring expertise to Savvy's portfolio and 2 billion riyals will target industry disruptors "to grow early-stage games and esports companies." The company's strategy is to invest in the electronic games industry and esports over a long timeline, including local and international programmes and infrastructure. It aims to set up 250 games companies in Saudi Arabia, which will create 39,000 jobs, and raise the sector's contribution to Saudi GDP to 50 billion riyals by 2030, SPA added.
☆ Netflix says it's opening a video game studio in Finland as streamer tries to boost audience numbers
  + stars: | 2022-09-26 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +1 min
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 mobile gaming space in November 2021. The company has already purchased three external game studios over the past year. Netflix already has a cache of over 20 mobile games available for download to Netflix subscribers, and the company plans to have 50 by the end of the year. The streamer's foray into gaming is in its early stages, but, as of August, not many Netflix subscribers were playing.
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