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Krafton acquires ‘The Ascent’ developer Neon Giant

In a surprise announcement during Krafton's latest earnings call, the company announced it has acquired Neon Giant, the developer behind The Ascent. That makes it the fifth acquisition in the span of two years. Unlike most acquisitions, neither of the two companies has made any public announcements. Instead, we've learned …

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Netflix acquires Next Games to expand game streaming efforts

Netflix is continuing its push into the video game market. Recently, Netflix officially launched ‘Netflix Games' as part of the streaming service and since then, the company has been shopping around for independent studios to develop games for the platform. Previously, Netflix acquired Oxenfree developer, Night School Studio. Now, Netflix …

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Crytek to shutter five of its seven studios

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Following news that months have gone by without many of Crytek's employees being paid at all, the long-time video game company has now announced that it is closing five of its seven studios. While Frankfurt and Kiev-based studios will remain, those in Hungary, Bulgaria, South Korea, China and Turkey will …

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CD Projekt Red denies rumours regarding EA takeover

With the launch of The Witcher: Wild Hunt, CD Projekt Red has comfortably made a name for itself in the mainstream gaming market, which would make the studio quite attractive to larger publishers. GOG has also become more popular over the past year, which has spurred rumours that CD Projekt …

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Lost Planet 3 developer ceasing operations

It looks like we are about to lose another game development studio as Spark Unlimited, the team behind Lost Planet 3, is ceasing its game development operations. All employees at the studio have also unfortunately lost their jobs, which is never good news. Spark Unlimited also developed Yaiba: Ninja Gaiden …

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Does poor availability lead to piracy?

The Motion Picture Association of America recently released a statement claiming that complaining about availability with movies was ridiculous, as clearly there are many legal avenues to go down when it comes to buying and renting movies in your own home. However research suggests that most of the top-torrented films …

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Bose accuses Beats Electronics of patent infringements

Bose Corp., a maker of high-end audio equipment, on Friday filed a lawsuit against Beats Electronics, which is about to become a part of Apple. Bose accused Beats of infringing multiple patents. Separately, Bose demanded the U.S. International Trade Commission to ban sales of infringing products in the U.S. Bose …

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Murdered: Soul Suspect dev shuts down

Murdered: Soul Suspect developer, Airtight Games, has shut down shortly after the release of its final game. A sign was put up outside of the Redmond HQ stating that the company was closing down and that all of its office equipment was up for sale. Airtight recently released Murdered: Soul …

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Meet Microsoft’s new first party studio: LXP

Microsoft has big plans for internal development and has pushed them forward with the creation of a new first party studio, known as Leap Experience Pioneers, featuring a logo that looks rather similar to a certain flying/falling Austrian of recent fame. Just under a week ago, Microsoft filed a new …

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God of War studio hit with layoffs

Sony Santa Monica, a studio mostly known for the God of War series has had to cut its work force down and cancel an unannounced project this week, despite moving in to a new office and attempting to expand just last month, Sony has confirmed. “SCEA can confirm that we …

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Microsoft closes down Victoria studio

Despite the fact that it only announced an expansion of the Canadian based Victoria development studio last year, Microsoft has announced that it'll be shuttering it. While a large expansion was announced and planned in 2012, ultimately growth wasn't quite as high as expected, though this will still leave around …

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