Gaming News - Page 1

The new Alan Wake remastered re-release has yet to break even or make a profit, Remedy Entertainment has announced.

Epic Games has lost money from its investment into new Alan Wake remastered. According to Remedy's latest earnings report, Epic's undisclosed funding of the Alan Wake remaster has been a loss.

"We had no royalty revenue from Alan Wake Remastered during the first quarter as Epic Games Publishing has yet to recoup its development and marketing expenses for the game," Remedy CEO Tero Virtala said in an earnings blog post.

Shareholders at Take-Two Interactive and Zynga have approved all proposals and conditions of the $12.7 billion mega-merger, and the deal is expected to close tomorrow, May 23, 2022.

Tomorrow Take-Two Interactive will grow more than it ever has before. The company will merge with mobile F2P titan Zynga in gaming's second-largest acquisition in history. The $12.7 billion deal will further open up Take-Two's traditionally console-focused business into the billion-dollar powerhouse market of mobile gaming while creating cross run-rate synergies of hundreds of millions, saving both companies considerable spending each year.

Zynga is also expected to help bring more of Take-Two Interactive's franchises to other platforms, possibly including full mobile or free-to-play ports or standalone titles. Zynga's expertise with cross-play may also open up new doors for games like GTA Online, which could benefit tremendously from cross-platform play.

Fortnite users will soon be able to create the same caliber of content that Epic Games offers.

Epic plans to release the Fortnite Unreal Editor sometime in 2022. This new toolset will allow gamers to create and release the same kind of in-game content that Epic offers.

"Later this year, we're going to release the Unreal Editor for Fortnite--the full capabilities that you've seen opened up--so that anybody can build very high-quality game content and code and deploy it into Fortnite without having to do a deal with us. It's open to everybody," Tim Sweeney said in a recent interview with Fast Company.

Nintendo's billion-dollar growth will be hindered by the ongoing supply chain crisis as forecasts show a second straight year of earnings declines.

Nintendo expects earnings and sales drops in Fiscal Year 2023 due to semiconductor shortages and lower game sales, but Research & Development spending is at 102 billion yen (nearly $800 million), the highest R&D spending since 2002. This indicates that Nintendo is funding the development of the next-gen Switch model alongside new games.

It's also likely that Nintendo is elongating production of its new Switch model to weather the earnings drop impact and preparing for a big upward spring when the system launches. The 4K-ready Switch could be delayed past its expected FY24 release timeline and push the Switch into a sixth year.

Nintendo's Fiscal Year 2022 results are in, and despite a post-pandemic dip the numbers are quite good.

Nintendo's FY22 period delivered strong results while facing an ongoing hardware shortage. The video game giant didn't achieve Fiscal Year 2021's all-time record highs in FY22, but it did beat all other non-historic fiscal year periods since the NES days back in 1983.

According to data provided by Nintendo and compiled and converted by us, the company delivered the following revenue KPIs in Fiscal 22:

Over 11,000 physical video games have been released for Nintendo platforms across the last 39 years.

Nintendo has updated its historical game sales figures and the results are pretty interesting. According to the data, there have been 11,235 packaged video games released for Nintendo handhelds and consoles from the NES to the Switch. These numbers include games released across all worldwide regions, but do not include digital versions of games (the Switch eShop, for example, lists over 4,000 titles).

Below we have a breakdown of the titles released versus software sales. The DS reigns supreme in both metrics with over 2,100 games released and 948.76 million games sold. The Switch is in second place with 1,417 titles released in its five-year lifespan, but in third place in sales with 822.18 million software sales as of FY22.

Nintendo's video game sales hit an all-time yearly high as Switch console shipments drop.

Nintendo's Fiscal Year 2022 period delivered a surprise software surge that pushed yearly game sales to a new record high. According to data provided by Nintendo and compiled by us, the company sold 235.07 million games throughout the FY22 period, making it the top year for game purchases.

These results are on the heels of FY21's breakthrough performance of $16 billion in net sales, with a heavy emphasis on hardware and software sales. FY22 benefitted from more software, but flagged behind in hardware revenues.

The Switch will become Nintendo's #1 software sales platform by 2023, company data suggests.

According to data provided by Nintendo and compiled by us, the Switch family of consoles will soon become the company's top platform in game sales and beat out all other previous handhelds and consoles.

Data trends show that the Switch should beat game sales of the Wii (920.81 million) and the DS (948.76 million) by the end of Fiscal Year 2023 (March 31, 2023). The Switch has currently sold 822.18 million games across its five-year lifespan, and software sales trends show the platform has sold an average of 211 million games over the past three years,

From the early days of the NES to the modern Switch, Nintendo has sold billions of games across its mighty lineage of hardware.

Nintendo has sold nearly 5.4 billion video games across all of its handheld and console platforms, new data reveals. According to our calculations, the Nintendo Switch is currently the #3 platform in software sales with 822.18 million units sold to date. The Wii is in second place with a mighty 920.81 million, and the DS conquers with 948.76 million.

These numbers actually put Nintendo in second place. Although Nintendo has been on the market for many years before Sony, the PlayStation platform has sold an estimated 5.71 billion games. Sony has a 300 million+ lead over Nintendo.

Nintendo has sold over 822 million games since the Switch launched in 2017, and the majority of those were from the handheld-console hybrid.

In just 5 years' time, the Switch has revolutionized Nintendo's business. The company was teetering on the brink of ruin following the Wii U's massive flop, but the Switch sparked incredible year-over-year growth and eventually led to the highest operating profits and ordinary profits in Nintendo history.

A significant portion of this turnaround success is owed to the Nintendo Switch's vast library of games. First-party game sales and revenues reign over third-party--Nintendo is the only platform-holder to make more from first-party than third-party--and software has steadily grown year-over-year thanks to the Switch's strong lineup and growing eShop presence.